Well Cupid striked my mind when i read this article, Well if you buy a house worth 25 lakhs and rent it for say 15k which is the min. rent you can expect in a good location. Then you bargain your lifestyle for a 8k Rented home and pay an EMI of 20k monthly. Which is (rent you get 15k minus 8k rent you pay = 7k) so you need to add up another 13k from your pocket. so you pay less from pocket, get rent for your property and make an Asset for yourself.. (** well tax factors are always there for you to tackle, it depends how good you are at it)in the end at your old age you have a home good for your living and after retiring you cannot afford to pay 15k rent, so the so called Home loan is taken to shelter yourself in olden days... Lot can be written but this is just a brief explanation..
RE:How about Buy and rent it!!!
by Rahul Shetty on Apr 30, 2007 06:01 PM Permalink
Hmmm. Where will you find a house in a good location that is worth only 25 lakhs? A house that costs 25 lakhs is unlikely to fetch you a rent of 15K
RE:How about Buy and rent it!!!
by vineet kk on Apr 30, 2007 05:55 PM Permalink
Pls let me know a place where you can get a home for 25 lakhs and get a rent of 15k on the same.
