Hi,
Please help me with some advice.
We are planning to buy one 1 bhk flat in Bellandur area. I am married with 1 kid(3 years old). And Our monthly take home salary is 4L including wife's . And we have one 2 bhk in the same society whose EMI is 55K per month for 25 years. If we go ahead with 1bhk purchase, then we need to take a loan of 55 Lac, emi around 45K 25years. This 1 bhk flat would be for rental purpose. Will that be a wise decision if we purchase 1 bhk considering our existing EMI. ?

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Flats are not for investment. Learn the concept of rental yield

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