A 4-Step Miniguide for Millennial Homebuyers
'It's never too late to invest in real estate, investing young shows that there is value in Real estate.
There is a saying, "Saving and investing while you are young means there is more equity in your old age". Often many of them may think about the future in investing, especially in Real Estate when they have just started their careers and are interested in buying homes while still maintaining financial freedom.
Think about this, if your early earnings are touching a sum of Rs 10 lakhs, then you must plan to buy a small house or apartment.
Read further to know how…
Take the rental route
Once you have taken a loan, be wise to not invest your monthly income in paying the principal and interest. Instead, rent out your property to students, corporate workforce and Flexi-tenants looking for temporary housing solutions. This way your secondary income will take care of your mortgage bills. A few years later, once the mortgage is paid for you could sell the house. This is where the buy, sell and rent journey begins with Real Estate wealth tech platforms like Indiassetz.
Buy homes on foreclosure
If you have additional income then realize that some homeowners are always willing to sell their Real Estate at the earliest because they cannot service the loan. If you can help the party close the loan by paying the deficit owed to the bank, you can manage to get a discount and secure a great deal on that available property. These homes can either be rented out or sold as soon as you get the house readied for a sale.
The REIT way
Invest in Real Estate investment trusts (REITs) — Indiassetz which gives you great returns with little money invested. REITs have income-producing Real Estate which includes all forms of real estate. You can buy and sell REITs like stocks.
Buy, Sell and Rent with Indiassetz
If and when you are hit with a storm of challenges that makes buying a home much harder, Indiassetz will help you with those stacks of paperwork to sign, and dozens of financial forms to fill out and help you understand that seemingly foreign language of Real Estate terminology.
Our AI-driven Real Estate wealth tech platform offers a whole gamut of services on the app to make your Real Estate wealth management easy. In case you are a young investor, looking for opportunities to continuously buy, sell or rent out your property we are here to help you churn your properties and rent them out for a higher return on investment.
Remember, as a millennial while taking risks is the only road ahead, Indiassetz’s expertise to help you navigate the challenges will not only make you a better investor but a wealthy investor.