Need suggestion.
There is a flat on resale next to my own flat. It's 6-7 years old only. The owner is asking for 1.1 Cr for 2 BHK. Rental is 45-50k per month for sure as there is a big IT Park in front of my apartment.
I have already invested in good quality stocks and mutual funds, PPF, Gold etc. Shall I go ahead to take this flat. I will have to take a home loan of 60-65 lakhs and need to sell all my shares and some MFs to accumulate 50-55 lakhs so I can take a loan of 60-65 lakh approx.

like
Posting as :
works at
You are currently posting as works at

Is your current flat owned without any liabilities?
If yes, then don’t buy the another one at the same location. Also, if you already have invested this much money, don’t be an idiot and start selling everything to go and take a loan. Your current investments should be untouched and it will return a lot better amount than the property you have.
If you really want to buy it, take a loan of 30 years with some downpayment keeping investments untouched and then balance out the EMI.

like

Strongly agree. Keep your previously invested Mutual funds ( you must have got it for less NAV) & shares at less price.. Don’t touch it.. Is your current flat debt free?

Currently markets are down, you will sell in less returns. Think about that too.

Yes agreed but that property will remain unsold for 1 month max as the owner didn't share with anyone. He wanted to ask first with me because it is just next to my flat. If I say No he will publish everywhere.

Yes I am completely debt free.

In that case, don’t take out everything.. just put some amount and take rest as 30 years loan and continue with that..

like

Related Posts

a very specific question to all Canadians.

Current situation , i need to refund signing bonus which was paid along with 3 days of work at the company, taxes are withheld obviously
When you refund a signing bonus do you
1- refund ALL of it even taxes Withheld ?
2- refund only the amount that was deposited in your account
3- mix between 1 and 2 refund more than was deposited but less than the whole amount ( taxes should be refunded to me next year)

My contract says 2 and they want to do 3 Help

like

Analysts seem to like TJX but looking at the long term debt/equity I can’t get comfortable. What am I missing?

like

Small business owners, what's your retirement plan? Please share whether you have another job or just your business too

like

I have an expiring British Airways credit I need to use in January or February. Options are Lisbon, Paris, Rome and Athens. Anyone have thoughts on any of those in the winter/off season?

I'm coming from the US - my flight credit is use-it-or-lose-it so I'm trying not to spend much more than the original credit.

like

What salary would you feel comfortable buying a $100k car? Trying to gauge how bad of a decision that would be…

like

“It turns out that wealth does trickle down, you just have to make them bleed first”

I guess they didn’t like bleeding so they’re trying to manipulate the markets in their favor AGAIN.

Post Photo
like

Personal finance book recommendations?

like

Have you received the salary today? Got the mail now but no credit yet in account 😕

like

Didn’t invest in LTC early on, it went down to 260 today - worth pulling the plug on it?

Start raising cash family. Take some profits. 4/14 3:51 est

like

What are some of the things to keep in mind when leasing a new car? What are some add-on that can be negotiated on?

like

Will states start imposing sales tax on NFTs?

like

What is the best setup for Retirement Plan Advisors? RIA? B/D? Hybrid? Other?

like

Is there a home buying group for Seattle area?

like

Can I save tax by buying second house if first house is already in my name?

With interest rates rising, I Bonds are back in the discussion. Thoughts?

Best banks/sites/promos to get extra $? Any good experiences with getting new checking account for a bonus?

like

How many policies a month do you sell?

Any Deloitte people trade on robin hood?

like

Why are properties in NYC so damn expensive? At this point should I just move elsewhere?

like

More Posts

Any recommendations for companies to create personas? Are there new technologies to get interesting findings about concerns, aspirations, goals?

like

D 🐠, what was your take home in first year as principal? I assume you all get roughly 350 units and have to finance your buy in. What does that leave for your monthly draw? And after your insurance?

like

The LinkedIn headers have gone too far now

Post Photo
funnylike

It’s pretty boring. What’s the fun thing we can do in Bangalore for this weekend

like

Last night I went over to my friends house (she has 2 kids, 2 and 4 yo). She and her husband were asking me about my pregnancy and planning. And were asking what I’ve prepped to date. I’m only 13w2 days so I think it’s way to early for buying stuff, but I did mention we hired a baby nurse for when the baby comes. My friend completely berated me, short of calling me a bad mom already, saying “what is she going to do all day? Don’t you want to bond with your child?”. I’m so upset by this.

like

Hi! New attorney here. Licensed in January 2021.

I have a seriously hard time working all day. I went straight through, so part of it is probably just that I've never worked in an office before, but I have the hardest time getting in all my hours. Anyone else deal with that fatigue? Or figured out how to conquer it?

I wish I could just work all day but it's not coming naturally to me. I walk, I take breaks.... but it's hard

like

Below is the summary of the performance bonus's at different levels & ratings @EYGDS.
Has @Deloitte India disbursed the bonus?? What are the average percentages for Manager level at Rating 1,2,3 and 4 (1 being the best rating)

Post Photo
like

It's an understatement

What’s the highest total compensation you’ve seen or heard of for a UX Designer?

I’m specifically asking about recurring employee pay, and not onetime stock sales from exit events at startups.

like

I have an offer from GSK for GCC Specialist role. I have been assigned with 7B grade. Can someone help what is the salary slab for this grade?

Good Morning Friends! It’s beginning of November and I want to know what’s your goal for this month?

My goal is to spend mindfully since holidays coming up. I need to stick to schedule and don’t do nothing extra 🫠

like

Dear Nappily Ever After,
No one has an office, much less an assistant. Creative and account are different jobs with their own dress codes. But dumb, off brief ideas by white creatives do win.

like

How long should I have to wait before applying for a transfer to abroad job in USA in the same company? Currently on a contract role as risk investigator L3 in Amazon

like

Got my PERM approved last week and just submitted all the docs for the I/140/485/combo cards. How long it takes for attorneys to file it now?

like

Starting a new bowl on GCP, any fish with experience interested in connecting - join up

like

About to start a new position doing cross border securitization and structured lending transactions. What should I expect as a first year and how can I prepare?

like

Hi Sharks, What is the salary bracket for Assistant Manager and Manager level at KPMG India in Business Transformation Consulting service line ? What's is the Promotion cycle at KPMG India? Is it Assistant Manager - Manager - Senior Manager or Associate Director?

like

Anyone have a sense of LinkedIn Bizops associate salary band? 3 years of experience. What’s a good salary + equity?

like

Looking for full stack developer to join my early startup. We are a small team but hoping to grow a lot this year. Must love books and geeky stuff

like

What makes you want to learn yet another programming framework / library / language besides the stack at work?

like

Additional Posts in Personal Finance - India

I feel like I've been living under a rock for ~5 yrs. I was happy and blowing off money with the thinking that I'll start saving once I start earning more.

Just realised that could've started early. I'm in mid 20s and thinking about investment. Tried watching YouTube videos. But I have pretty basic questions :
1. Where do I even start?
2. What %age of income should I invest?

I hope I'm not late.

like

Hi folks,

I am already covering 80c 1.5l limit by elss and pf.

Can i invest 50k only in nps and avail tax benefit under 80ccd 1b.

Tia.

like

U can’t be wrong if you’re investing in index for long term

Post Photo
like

Anyone can guide in options trading?🙂🙂
Lost around 10k😒

like

Hello All,
If anyone is interested in getting an Amex card as first year free, please dm me. I can help with referral so that you get the card FYF and 2000 bonus points on spending just Rs. 5000 in 90 days.

like

Can any one tell me, how to invest in quant mutual fund through it's website?

like

Hi Fishes !
What are your thoughts about investing in reliance power for long term !
I'm a newbie in stocks .
Any suggestion will be appreciated !

A financial advise to all the students and youngsters buy a term life insurance before starting to invest in other instruments. A sample illustration will help you understand that it has a financial benefit plus a security to all your dependents incase of any unforeseen event in life.

DM me for more details.

Post Photo
like
like

Hi Experts,

Suggest me some debt funds. Looking for investment for 3-5 years.

like

Fishes,

Please suggest a good credit card for regular air travel , airport lounge access with less/annual charges.

Any review on IDFC first select credit card

like

Hey folks, need some help with PF details.

Let's say a person join a company X and then switches to Y after few years. Again switches to company Z after few months. Now the thing is both the previous employers provided Pf but the new company Z which is still growing doesn't have a pf contribution since it is starting out in india. What would happen to existing PF accounts if not withdrawn , will it earn interest? What would i need to do as an employee? Any timelines to follow?

like

Hi Experts ..Suffering from financial stress...my 90% commitments will be end by December..but felling so much stress to handle with money

like

Hello everyone, need a help from you.

Previously my HRA amount was 96000 per annum so I was submitting a rental agreement of full hra without giving pan card details of myself and first party.

Now I have recently joined a new company and here hra is 2.7LPA.

How can I claim the full hra amount? I live in a rented house where agreement is between owner and my dad. Also owner will not accept for a fake agreement too.

Any other alternative do I have to claim HRA? Your inputs are welcome here

like

I have 11 years of experience in Automation Development and currently in RPA development. What is an average salary for an associate with 11 years of experience

like
likehelpful

Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

Just want to know if 70% is enough for a single man who does not pay rent. Or am I saving less money?

like

Hi, Ive been working for 5 yrs now , but haven't made any investment or bought asset as such, no savings except the ppf. Please guide

like

I made a mistake starting SIP in a ULIP. Used to invest 7500 per month starting from November 2018. I have discontinued my premium payments since last year. That is when my fund was moved to an interim surrender state and now it earns 4% per annum interest.

After 5 years of lock-in that is November 2023, can i withdraw the entire amount at a time? (Of course after paying surrender charges)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal