There are scams of course.. but land banking is a very real business...
@dant3
Walton is an international company based in Canada, who invests and develops land in the United States, their MINIMUM return on all of their projects is around 15% COMPOUNDED INTEREST and can go up to 20+%, provided that u hold the land until the project is completed.
Their job is to scout for potential growth areas and buy the land there. They contact the people around the area, the contractors, the magistrates and the people who are responsible for development of the land. Their strength is the fact that they've been in business for over 30 YEARS and they have the network of people available to them for developing land, in essense their job is to research and develop land.
The downside to Walton is that their income is split into their developments, so if they haven't been able to do any development on the land because their still organizing infrastructure. They won't have a good return on your investment. What this sort of development takes is TIME. Therefore your investment can be locked in for anywhere between 5 years, to 15 years, because their actually DEVELOPING THE LAND TO SELL, their not SPECULATING in land prices. That is the difference between what the general people think. You think development happens in 2 years?
To all of the people who think 15% interest is low..it takes around 5 years to double ur principal at 15%, so if u put ur money with them for 20 years, ur stupid 35k per lot is now going to sell for 280k. Their target is people who have money in the bank who are not planning to use that money for anything. If u put ur money in the bank at 3%, in 20 years u won't even have 70k. I've been to one of their closed conferences before, all the people in there are high net worth people worth 10's of millions.
The problem with morons like dant3 who think Genting is a good place to "invest" their money, is that they don't understand how this system works. Genting relies on this type of stupid people to prosper, do u know why Genting has been able to grow so much? Their revenue is not from their theme parks u understand? It's from winning money from people like dant3. As long as there are people like this the casinoes will always be one of the most profitable businesses around.
This is their website. https://www.waltoninternational.com/
They've been around for so long they have a very established record, before u open ur big fat mouth do some research please. Gambling in Genting is a good way to make money?
This post has been edited by flight: Oct 10 2009, 09:23 AM
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Oct 10 2009, 09:18 AM
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