26/10/2021, Article no: 64

Greeting Guys

Hope you all are doing well.

So today I am going to tell you about my experience in real estate so it all started when I came to know that one of my university friends is in the real estate business. I was not familiar with the price of land in Lahore (a major city of Pakistan) in rural areas. We mostly deal in acres but, when it comes to Lahore here people usually deal in marla and kanal are the thing is the Price of 1 kanal in Lahore is more than the price of an acre in rural areas. My friend told me that should invest in real estate for the sake of profit. I was not confident at that time but I started taking interest in real estate. We have just 1 class together. We talk 10 to 15 minutes after class timings. He usually shares his experiences. That is how he generates clientage, how he convinces them, and how he fulfills the requirements. One thing which I realize is that the communication skills of real estate agents and impressive they had some next-level convincing power so he usually tells me about his current deals, future projects, and investment opportunities. Then I did some self-study on market.

One day I found him stressed. I ask the reason. He told me that he had a commitment with the client but the purchaser backed out and the seller is desperate to sell his property and he had to pay the token money to the owner in order to take some time so that he can find a new purchaser for that property. I find him very helpless and I ask that how much amount is required. The amount which he told me is about 2 Million and he also he told me that this deal will give us profit.

My aim was to only help him out. I called him at home and tell my parents that one of my friend is not in a good condition and he needs money he will return to us in 15 days.

My Father send money to me and I gave it to my friend and I feel satisfaction on his face. He thanks me and promises to return it within 15 days. Then he gives that money to the seller and asks him for 15days.

Then he make a week off from university. I call him and ask about his health because although he was happy. He was not in a good condition when I gave him the amount. After a few days, he did not pick my call. Friendly speaking at that time I think I have lost ground under my feet. I become numb. Different thoughts were flashing in my mind. I was scared about what I will tell to my parents now. My other friends were taunting me “we told you this man looks fraud. He doesn’t know anything he will lose your fortune” at that time I was feeling that it had all ended. I already suffer the taunts of my friends I don’t want to tell this, my parents, because I know if I tell this to my parents they will make restrictions on me and many things will happen to me so I decided to take all the pain alone. After 3days I went to my room after my classes. After taking much pain I finally decided to talk to my parents I decided to call him before. Sweated me with no hope take my phone dial his number and make a call “Call Connected” to him and he picked I talked to him he said he was busy regards this deal and he finds a purchaser. He said he was busy with the documentation he will come tomorrow after the transfer. The feeling is sighed the day after he comes to tell me the whole story that how he work hard for this deal and why was not coming to university. He told me that he earned 1 million he give me my 2 million and shared half of the profit half million. I was doing the favor of him compassionately and also I was considering it as interest but he said it is profit. This is my first experience in real estate now I am working with him and I will share some more experiences in real estate so stay tuned for more

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