Need advice on investment
My in-hand is around 1lakh/month Age: 27 Expenses: 30k ( All included) SIP: 60k
My all investments are in Mutual fund via SIP stated with 10k now 60k. Now I am thinking of investing in real estate. Need suggestions. I don't have any EMI, credit card etc.
But for investing in real estate I have to take a loan and reduce my SIP amount. I am thinking of buying a plot around 30-40 lakh in my hometown ( tire 2 city)
Is it a good idea to invest in a plot or should I continue in Mutual funds and see compounding in future.
I am that kind of guy who don't think much EMIs. I want tension free life because uncertainty in IT job.
Plot is better, don't listen to shitty flat buy advice which has less to no appreciation
Try paying more than 50% in down payment. Only then go for real-estate
Bro try to get 2bhk-3bhk flat at somewhere around IT Hub.
Or where you are living as you also doing a job.
Take a loan bcuz you can afford it. Now give 2 rooms for rent and live in 1 room. You will get good amount of rental money and it will help you out to give EMI and also you don't have to reduce SIP a lot.
Once you are near to close your loan. Then buy a plot nearby of 10-20kms of IT HUB it will help you in the future.
Hope it helps
