Want idea on getting $85000

[TheIsland]

Hello

I am from the Maldives and want to find an investor to build residential apartments in my property but having difficulty in getting the loan it has good returns initial investment returned in 29 months,now i receive $18000 in 12 months so want to add more floors max is 10 after which i would get ( 18000 X 10 = $180000 ) any ideas. On ways to get international investors or money lenders. Would appreciate information on the matter.

If I take a bank loan I ll be in debt and everything I gain will go to a bank.

Thank you

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Calgary]

If I take a bank loan I ll be in debt for a long time and everything I gain will go to a bank.

No, it won't.

 

[TheIsland]

It's like $85000 loan when I return it with interest $185000 it's the situation here.

 

[wade1mil]

It's like $85000 loan when I return it with interest $185000 it's the situation here.

International investors and money lenders will charge interest also. If you get a loan from a bank, the bank just holds a note that allows them to foreclose on you if you don't repay the loan. You still own the property.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[TheIsland]

But I would get a better deal from international investor or money lenders.