Hi All,
I am interested in a property in my hometown that costs around 3.5 Cr. This property can easily be rented out for atleast 1.5 LPM. I have saving of around 1 Cr, should I take a loan of rest of the amount ?
I make around 70 LPA, 54 is fixed and rest is ESOPs. My wife makes around 12 LPA.
What do you think ? Should I take this loan ?
Grab the opportunity. You won’t regret.
Calculat rental yield vs what if you put this money in a mutual fund where you get avg. 12-15% return over next 10 years. But since you are already earning well, try to close your loan within half the time, so your interest component is low. Try some maths and how can you make it work for you, if you really wanna go forward with it.
At 1.5L/month, the rental yield of this investment would be ~5%. Though it’s not clear if it’s a residential/commercial property but I assume there would be some maintenance charges as well. So do all those maths and try to evaluate.
Some more questions to think about-
I was thinking to leverage my parents home and take out chunky 1 cr @8.6% with premise to make 15%+ in direct equity and mfs.
Asset belong to my parents with some contribution from me. I feel this is a relatively low cost capital way ...
Bhai, this is vinaash kaale viprit buddhi. Please avoid this thought.
Im earning 1lakh per month in hand and I would like to buy a 3bhk flat worth 1.15cr in Hinjewadi near Pune this year.
Sharks pls guide in detail
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