Combined with the world recession right now the current state I am in, Andhra Pradesh, has other issues. The state is looking to split into two. Because of the thought of the talks of the split the RE market has tanked. A few guys I am working with here that were making double their investment on flipping land 3-5 years ago. They would get the property under contract to purchase then find another buyer to buy at a higher rate before the closing. There are also the stories of buying two acres and selling one of the acres off to cover the expenses of both. Networking is huge here as is negotiating.
I am looking at options here in the market. I would not be able to buy directly and might not want to. Most deals are done in cash and without lawyers. If a bank is involved the bank would use a lawyer. Most people would put 80% down and get a loan for the remaining 20%. A bit different than in the US.
Popularity: 5% [?]