I am going to talk about the second group of people that were trying to make money out of property on the English version of “property Ladder”
There was the driving force of the venture which was the son and then there was his mum and dad, who were a little bit iffy about the whole thing. But were told “not to worry as this current market is booming and there is huge money to be made”.
They purchased a townhouse close to London for $690,000 they wanted to spend $75,000 and then sell for $950,000 Making a huge $185,000 PROFIT!! All this looks easy on paper, but the harsh reality is quite different.
Of course let’s remember this is Property developing NOT Property Invest