WigglyPretzel
WigglyPretzel

Buying a house 🏠 as investment

Should we buy it at City 🌆 centre as apartment or outskirts as 3 Storied building 🏢 as it generates rental income

18mo ago
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GoofyPickle
GoofyPickle

Investment Intent matters. Source of funding matters. Asset Allocation post investment matters.

In general Rental income ROI is not that great. Official figures are 3-4%. Considering one lucky, and successfully timing the real-estate market cycles, may end up making 7-9%. It's not that easy as it appears, maintainance overhead is always there. 3 story in any city center - fully legal and compliant to all laws is also difficult to find. Risk is unknown and undefined here.

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Software Engineers
by GoofyLlamaSoftware Engineer

Buy House

I want to buy house, my package is around 15LPA but a good 2bhk flat in the apartment will cost 1.4crore, for me it looks like impossibile with my current salary. I am totally stressed out with this.

I need your suggestions.

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Friendly advice.... Don't take too much loan it is a trap. My friend did a smart thing: She saved for 3-4 years...