How to buy real-estate?
23M here, recently graduated and working. I'm looking to add a property either in Gurgaon or in Uttarakhand which can add a new source of income. I'm noob and looking for some suggestions. Ps I'll take a loan and maybe the rent which will come from the property+some from my salary will be the EMI... Open for suggestions/ideas
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑First of all, do you have any generation wealth / lumpsum money If not too early to go for real estate. If you are solely dependent on your job + rent for emi . What if you are jobless for few months, what if the flat you bought is not being put on rent. Will you able to live your normal life.
I am not discouraging, just making sure whenever you start be prepared
PS : At my first job, I also thought of buying land and building and renting it out, but above thought clicked to me and i realised
Uttarakhand! There will be a shift to mountains when NCR becomes unearthly to live on
Build a base of investments like mutual funds. Once you are happy with your base, then look at whatever catches your fancy.
The only way to buy it at your age is to get married, take down-payment amount from Father and father in law instead of dowry. Spend less on your marriage. Then emi would be easier to pay