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Rental for a similar flat at 3% on capital value would be Rs.3 lakhs per annum plus maintenance charges of say Rs.50,000 = Rs.3,50,000. For simplicity, movement charges every 2–3 years is not considered. As also rental increases year after year.Interest income from Rs.1 crore at 7% would be Rs. 7 lakhs less tax of Rs.12,500 plus 20% on Rs.2 lakhs (or more depending on your other income) = Rs.52,500 = 6.5 lakhs (approximately). Bear in mind interest rate is on a downward trajectory.So the net benefit from Own vs Rented house is Rs.3 lakhs per annum, which is about 3% on Rs.1 crore. If the difference is deposited in RD on a monthly basis at 3–4%, the benefits would be negligible, so ignored.Assuming average inflation of 4%, your net worth would deplete by 1% per annum (minimum).Against the above:Let’s assume that flat prices would go up by at least 5% over the long term.Your flat has a high UDS (50% or more Undivided Share) where the land portion would grow at 6–7% per yearWould open up redevelopment opportunities say after 25–30 yearsYour family members consider owning a house as more secure and socially respectableIn the end, owning a home is a personal choice.

Absolutely! While we have other income streams, my husband and I have 17 rental units that bring in over $100k each year, and it only took us 8 years to do it.The key is to find value add multi-unit properties that are undervalued due to condition or low rents. Then you increase the rental income by improving the condition, or by doing a rental increase on the existing tenants. Once you’ve increased the value, you can either refinance and recoup your initial investment, or secure a home equity line of credit to be able to purchase more.If you set a specific cash flow requirement of any new property that’s between $300-$600 per unit you’ll find that it doesn’t take too many years before you have enough cash flow to live off of.

To be absolutely Frank - Our Wholesellers deserve a Bharat Ratna. They have not taken advantage of the Pandemic and raised prices on their own. The Wholesale Prices have barely increased by 1.8% from January 2020 to January 2021 with many manufacturers reducing the prices of Processed Cheese or Tomato KetchupSo first off - A Big Thanks to the Manufacturers who manufacture for Maggi, Kissan, Amul, Britannia etc.The Biggest Enemies of the Common man are the RETAILERSRetailers unilaterally increased prices over the last 4 years citing Retail Rental Increases, Overheads, Transport Logistics etc and have risen price by a whopping 39% from January 2020 to January 2021 for 21 Essential Products on an average. Retailers simply refuse to stock products of manufacturers who dont accept this surge pricing and only accept the products of manufacturers who do.Retailers refuse to stock the Gilette Vector 3 Cartridges and Razors and instead prefer the customers to purchase the more expensive Gilette Mach 3 and cartridges. A D-Mart employee openly told me he cannot order the Vector 3 because management has put it on the Red List.Ironically the Retailers made a lot of business during the Lockdown yet the prices are not going down.Retailers are setting the prices making the excuse that they would be landed with Inventory of Unsold Goods and so they take the maximum risk.So here the entire Nexus is Retailer - GovernmentAnd how can the Government curb the Retailers? 65% Retailers are Gujaratis from Gujarat - Ambani, Banswara, Seth, Damani etc.