Buying and Renting a Flat: A Lucrative Real Estate Investment
Buying and Renting a Flat: A Lucrative Real Estate Investment Introduction to Buying and Renting a Flat as an Investment Investing in flats can be a profitable venture, providing both passive income and long-term wealth accumulation. To be honest I have seen all analyze this classically being the comparison with loan and EMI vs Mutual funds. People seem to think that mutual funds offer 15 to 20 percent guaranteed returns. This is not the case many a times. Just like good research is required to invest in mutual funds. Same is the case with real estate. A 6 year old 3 bhk (in 2014) bought for 1 cr in 2014 in a metro is now worth 1.5 cr. Deal sealed and money in account. Sold in 2019 (11 year old building) for a 50 percent return in 5 years. Plus 3 percent average rentals each year a 13 % per annum. Real estate is about one major thing. And that is location. Location is key to this market /investment. In this guide, we will explore the various steps involv...