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Message: <blockquote data-quote="CohenLenstra" data-source="post: 31488455" data-attributes="member: 585805">Details:Land/house near SLIITPrice 27 millionFrom hand 13.5 millLoan 13.5 million at 14.5% per annumAlterations and add upstair (slab already done): 5.0 millionTotal investment: 18.5 millionExpected income (rent): 180,000 per monthLoan period.     EMI.              Monthly P/L120 months.     0.214 mill      -0.034 mill180 months.     0.184 mill.     -0.004 mill240 months.     0.173 mill.     +0.007 millIs this a worthy investment? The investment is entirely based on property appreciation, no profit till loan is repaid. No idea about the rate of property appreciation.My doubt is that I personally feel that the investment is a longterm venture. My purpose of any investment is to generate wealth for me to enjoy, not anything about inheritance etc. On the otherhand feel like it's a solid future security, and method of diversification.Any thoughts, opnions, facts, anything on this?</blockquote>

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