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- Investing for rentable property
With the property prices escalating andthe interest factor increasing, returns through rentals do not even cover the interest.Originally Posted by suruchiProperty investment has always been one of the prime priorities of every individual. But escalating real estate values and hike in home loan rates in India sometimes seem to curb the intentions.
In recent times, when property investment in India is considered the best investment option, there is an ongoing trend in the real estate market for buying rental property, also called investment property.
Investment property are considered by people who own a house and opt to buy a second home as investment option. The concept of owning second homes to be used as rental real estate seems to be gaining popularity But once you decide to buy rental property, you need to do plenty of research to find a profitable rental property.CommentQuote0Flag
- I second nev.CommentQuote0Flag
- Hye Members !!!
It's true that the rentals on property are not equal even with the general bank interest rates but there is the brighter side to look here..
The capital values of the good properties soar like anything. Look at the people who have chunks of land bought at "reasonable" prices at potential locations.
Moreover, it's a matter of long term investment to gain in real estate.
As legendary investor Warren Buffet says "Invest only if you could be comfortable with your decision if the markets close for the next 10-15 years"
So, you have to identify the right piece of land and let the market forces work for you. Here however expecting overnight windfall gains can be painful.
Besides, buying property in an overheated market can be risky and one has to be very cautious.
But, your right moves bring you suitable rewards too. Investing into real estate is not that gloomy. Keep yourself informed of the markets and be optimist !!!CommentQuote0Flag