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hey folks, I am going to join Oracle ossi in Hyderabad location. I have never been to Hyderabad, and will be relocating. Please guide on what would be good areas to look for rent. Also, what would be rent like for 2/3 bhk. Ideally my budget for rent would be <25k. Initially I will be going but in future my family will join me once I am settled. Any points to note or any other gotcha to keep in mind ? Please suggest.
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Hey Guys, off topic question... My mom has a savings account in a Punjab National Bank branch. Recently while trying to do transaction branch manager is informing her account has been blocked as per SEBI directive, he is not showing any proof for the same. Now my mother does not even have a DEMAT account, nor does she have any dealings with stock market. Any suggestions on what to do regarding this? Please help with suggestions, we are completely lost as to what to do. Punjab National Bank
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I haven't bit I'm curious about this process as well. House hunting there was a good amt of foreclosed homes posted on Zillow..
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Yes, have done this. I paid cash on both occasion (no snark, they werenât expensive). Was able to tour the homesâdidnât get âinspectedâ but brought a contractor friend with me & got a good look at things. Both occasions the houses needed workâand wouldnât qualify for a loan. Maybe a rehab loanâbut I didnât want to deal with all the red tape. I made out well. No disasters. But itâs a lot of work.
All this saidâI didnât buy though auctions (those tend to be riskier)âI bought bank owned, previously foreclosed, but listed AS-IS houses.
Thatâs awesome. Did you purchase them after they failed to sell in auction, or had they not gone to auction yet? Also, what did you ultimately do with each property? (Did you remodel & resell right away, rent them out, &/or live in any of them?)
Pro
Iâm not sure either went to auctionâthey were in decent condition (for foreclosures) so the banks thought they could get more on the RMLS than at auction.
Remodeled both, flipped one (bought in at 160K, 40K remodel, sold for 350K in 4 months). It was a hot market in Portland, Oregon. The other bought, remodeled and held for a couple of years so I could get tax benefits and let it appreciate then sold. Rolled the $ into a cash purchase on a house in Mexico and a down payment on another rental/investment property.