Here’s enabling you to take one step towards your investment journey! Get 15% off on all our courses site-wide - link.rachanaranade.com/Azadi Chalo banaye Har Ghar Investor! 🇮🇳
With the annual income which I have, I can't afford a house at all. If someone wants to take a loan of 50l, his income should be 10l🙄 Currently most Indians don't earn half of that. In my case let's say I earn 10l after 4-5 yrs. Then a 50l loan won't be enough considering inflation. That being said I can't afford a house and only renting is the option. Also, 20l per annum family income is like top 10% of total population
1:48 this is the best takeaway of this video. In most other countries people pay 3 to 5 times of their annual salary for house. Depending upon budget and city, either standalone house or apartment. However in India prices are already inflated 5 times due to black money holders and overall system. Hence common people are forced to pay 20 years of salary in advance unwillingly with home loan interests because it is a basic need. Standalone bungalow on a dedicated land still has some value. However charging such ridiculous amount for 1k Square feet apartment is a cruel joke. That too with inferior quality materials with no guarantee whatsoever for construction, completion, quality & legal documents. Government is there just to enjoy 6% stamp duty and GST. No tv channels or newspapers will explain this because they get huge advertisements revenue from real estate industry. In fact they all are working hard to convince common people that apna ghar to apna hota hai etc. so as to pull back customers and make sure common man pay such unacceptable amount in advance to land owners, builders, corrupt municipal corporations and banks such that their system keeps going smoothly as before.
All these calculations looks extremely sparkling on Excel but in real life no such thing exist. There can be medical emergencies, Children school college fees, marriage, divorce which will take a lot from your pocket
That is what you will have to save for right? I mean other than the fixed income you will have other side incomes and financial planning to substitute for those emergencies
Those calculations are possible in real life too. Only thing is that you need to compromise little and should be able to differentiate what you need and what you want.
Hi...I am CA. Nileema...I just came through your channel ...And kept watching and watching...It's a wonderful work you are doing to aware people about financial freedom...As we belong to same fraternity I really want to appreciate your work...Thanks
Live on rent for another 10 years and pay rent and invest the other money like emi initial payment etc in good mf or Stocks you can buy a house in 10 years with lot of cash extra too.. our society simply wants to leave in own house by taking loan and have a big Marraige by taking loan and suffer for rest of the life… work hard for 10 years and invest heavily. You can buy everything and have a better life in your 40s
But not everyone has that level of knowledge to pick correct stocks which would be that fruitful after 10 years and what you say is a risky option but can be fruitful.
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
Rachana Madam, tumcha last point ekdum barobar hota. Aamchya landlord ni pan tech sangitlela tyancha ghar ghenya adhi, "Kuthe hi khila thokaycha nahi ! "
Hi Rachna. You have considered ctc as monthly income. For someone eaening 1 lakh per month,after tax and pf deduction they must be getting around 80-85k only in which case the emi would be almost 50% of salary. For someone in 30% tax slab it would be even higher
Oh now she will say it's your TAKE HOME income which should be 1 lakh. It's a sick joke and a sick world financially for the middle class. In the beginning itself she essentially said that single income families have no hope. (By saying it's family income. They'll now expect all family members to earn).
You are saying asset to house but Robert kiyosaki says our house is not asset he gives argument asset is that makes money and liability is that we need to pay money and I also agree if our home value is not increasing yearly by 8% then this is a libality
Unfortunately bro, no one will listen to sane voices nowadays and your comment will go unheard. The whole economic engine is working due to the gullible and naive middle/poor class. How can a house in India be an asset when rental yields are so low? Rental yields can never be high because the valuations of house is so huge due to black money involved. Actual rental yield may be a real picture of the value of house and not the other way around.
A very nice overview, Rachana. However, we have to factor in the last and the most expensive part of owning a house - Interiors. We dont speak about it much as it is subjective but plays a very important role in budgeting as the costs can be as frugal as a few lacs or even upto the price of the house itself. How does one budget for that? Any ideas?
Why do you want to repay the loan early??? You can take an advantage of claiming income tax benefits also you can invest extra savings in index fund that can easily give you a 12 to 15% CAGR return.
I own various real estate properties but I'll always go for mutual funds or stocks and It’s quite feasible to make 6 figures trading monthly, I have made over $180k from July till now, with no funny or complex strategies.
I'm 24, had my first $300k few months ago. Working towards another $300k!Just being smart and frugal with my money. Thanks to my Dad for putting me forward to personal finance and Investing earlier
@@flossietaylor6239 The expert I'm in touch with is *’Laura* *Adams* *Goodman’* and you can search her by her name. She works with Merrill Lynch near my old office so I see her often to discuss my business. You can use something else. for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Be a Life Long Learner Learning is the first step Learn Invest and Prosper Wow Har Ghar Investor Extra EMI is Mind Blowing Bulb on moment Qualitative and Quantitative Factors- Another GEM Cheers
I am going to purchase a house next month and this video is quite helpfull for me since I have similar sort of condition where partial money would be paid by me and remaining would be home loan so that I can get the tax benifit as well as get an asset for myself ... I am 27 now and I would be able to knock off this loan in 10-13 years ..
this is what a reason human minds prefer easy going hard living, but once you do start calculating every expense this will take you really into a different world try it.
Too good 10/10 the way u explained i am speechless Information was worth.. Being a teacher i feel ther such videos must be made compulsory for college students. So they can plan for their future Like saving investment n all Keep it up mam.. Do u have trading class for freshers.?
Thanks for the great video! Would love a follow-up video on what is an optimal loan amount, keeping in mind the gains from tax benefits, possible gains from other investments; and adjusting for the interest payment corresponding to the home loan. Thanks in advance!
Thnks you so mam for educating us on imperative topic. All these points helps us to dig down dip and take correct decision. Very helpful for people specifically coming from non commerce background. I would like to mention here other than stock market … Rachana mam you are educating us to take correct financial decisions.. Big thanks.Jai Hind 🇮🇳
As per my understanding, Bank recover total interest first and then start to cut lone amount from monthly EMI. Someone can please explain me is it true or how it works. Or is there any meaning to payback full amount before time...
Please guide us.. How could we make our own house at an early age just by investment in stock market.. I am 19 right now bt stuck n need to have a small house
Pls make a video on purchasing the land and then building the house 😐 Cause except for the few cities in In India, people in most states still purchase a land and build their houses. Also consider the point that they may construct extra floors to rent out 🙏🏻
I am literally in love with the knowledge and wisdom of Rachna ma'am, i wish i would have gotten a mentor like you 10 years before. Still better late than never.
Hello Ma'am, At 14:18 you mention that we can claim Interest repayment and principal repayment per owner so how will that work? Let's say If 3 family member buys a house then can they all claim the same amount individually under section 80C for repayment? and 24(b) for interest payment on home loan? Is that claim allowed by IT?
I think your whole calculate is completely point less😤😤 How can any middle class individual can have 1 lakh salary monthly or his family income 12 lakh yearly. Emi at 7.5% are you joking housing loans starts at 8.5% that to at lowest. I am very upset with this video 😤😤😤
Even if a person earns 15lpa (1.25 lacs/month) you will never find a desirable house sply in metro cities less than 75 lacs. Its next to impossible for sole earners without generational wealth.
Hi Rachna ji. I'm a 34 year old unmarried woman living in Delhi. I wish to buy a 2bhk house for myself. If I say that my salary is 65000 per month. Could you please suggest what should be the cost of the house I purchase and loan and tenure. Please guide!
It was during a journey, That a co-traveller with no financial background, who spoke so well about personal finance and capital markets, that I had to ask about it. He mentioned this channel. Thankful.
I think you should have minimum 50% funds in your account before paying the 20% or 30% as down payment to ensure that you continue to live the life and not just merely survive
Hello ma'am, you compared between rental property & owned property. But what do you say if person keeps renting through out his life, what will happen in retirement age ? Did you consider it ?
The problem is the amount of black money involved. On paper it is lesser per square feet, say in case of flats. So, other than the down payment amount, registration, lawyer charges, interior designing charges, etc., you also need 10 lakh hard cash which is not accounted. So, basically you need 20 lakhs with you before you buy a 2 BHK apartment in my region.
1 simple rule in life - try to upskill yourself, gain knowledge which in turn will help in increasing your earnings. With increased earnings, 20 years loan could be easily finished within 5 years.
Thank you mam for such a clear figurative video. Question is, is it advisable to pay off home loan EMI earlier than tenure, as I heard that home loan is considered as "good loan"?
multiple angles involved for a 20-year loan you would be paying more than 2x of loan amount..and it can increase as the rates are floating so it is better to pay off the loan and save around 60-70% of the interest + be debt free
@@rocku4evr But lets keep 7-8% as interest as constant for home loan, so where will you get loan at such better interest, even personal loan is 11-14/15% depending on individual, so why can't we take some advantage of repaying it slowly and invest the rest in MF, max I am not expecting it to grow 12-13% yearly, it may grow 15% also but to keep all ups and downs of the market in the coming years. will that help, First I was also in the impression of repaying it in Half the tenure of what I get by this analysis what she said..😊
Could you please make a video whether should we buy commercial real estate property or residential property, as the rental yield of commercial property is higher than residential property. So, it will make easy for me to buy a residential property after commercial property as the rent would help me to repay my loan.
Thank you very much for the suggestions and information Ma'am. It helped me a lott for the calculation. Currently I am in position to finalize my first house which I am searching since few months. Can you please help with information related to leasehold property? I am not able to finalize my decision because of the complete clarity, all the pros and cons.
I didn’t know the thumb rule before buying my first flat . But now I can see all are tick. My annual income is 7.5l my flat value is 40l emi is 24k tenure is 20 years
I have a lump sum amount and i want to buy a house. How can i buy the house by preserving the my principal amount. E.g should i invest that amount in FD and pay the interest which i got from FD to home loan emi ? Is there any similar ways like this to keep ur principal amount secure ?
I have bought flat in vadodara & the builder is asking for moving charges on possession reasoning that they keep this payment for construction damage safety happens by workers when interior work starts & a certain amount is not refundable. Its fine they take cheque against security but they dont refund & transfers that amount in maintenance funds which they already charge once. What should be approach for this ?
Thank You so much ma'am....It was indeed very helpful as we are in our 20s and a perfect video to plan how to plan to buy a house...Again Thanks a lot for this!❤❤
@Ma'am it has assumtion that expenses shall remain constant : on average in a span of 10 years your will have children so even the added income may not suffice as you will invest in his future also . I may be have a reserved bias but its true
In the One EMI Extra trick, you should have kept the EMI constant. i.e. 10k per month. The example you gave, is more like 8.33% More Loan prepayment (which will reduce the Principal amt). Also, your explanation for staying within the 40% EMI bracket was, our salaries will Increase every year. My question is - WHICH COMPANY GIVES A 8.33% HIKE EVERY YEAR yaar? Only INFLATION Company!!
small people , insect buy anything by loan or plan anything to buy but rich people buy anything whenever they want without any loan or payinng any taxes🤑🤑🤩
One important question: can I buy residential flats on the name of my company instead of my own name? Because rent received will add to my income but it is under my company name, I can show expenses and reduce my tax liablity? Do you think it is a good idea to start a company and then buy flat? Is it legal?
You should never buy house with multiple family members names - we are indians & 100% it will conflict in future so buy house with one name only & husband wide should buy house only after 6 years of marriage bcz now a days divorce cases are big issue so later home problem will come
Trick to Repaying loan in less tenure by repaying 1 extra EMI every year is amazing. But can you or someone tell me.that how we should communicate this with banks?? Coz no one on YT is talking about this and most of the banks have so many rules regarding loan repayments. Please reply if anyone has some knowledge
Not having your own home (be it of whatever size and value) leaves you dependent on the whimz of the owner and keeps you moving from one house to another whenever he asks you to.... So buy your own home if possible, keeping a lower burden on your financials. It is not wise to waste half your salary in emi though.
Hello Rachna Mam, Thank you for the very informative video. Could you please share information or create a video on - How NRI should decide between investment or buying a house in India - Pune 😊 Thank you.
Here’s enabling you to take one step towards your investment journey! Get 15% off on all our courses site-wide - link.rachanaranade.com/Azadi
Chalo banaye Har Ghar Investor! 🇮🇳
1st like
Your paid courses are getting leaked on Telegram
Mam Mala Bike ghyayachi ahe pls asach kahitari thumb rule sanga pls mam
mam courses are availbale in marathi language?? whole maharashtra is waiting for this???
With the annual income which I have, I can't afford a house at all. If someone wants to take a loan of 50l, his income should be 10l🙄
Currently most Indians don't earn half of that. In my case let's say I earn 10l after 4-5 yrs. Then a 50l loan won't be enough considering inflation. That being said I can't afford a house and only renting is the option.
Also, 20l per annum family income is like top 10% of total population
1:48 this is the best takeaway of this video.
In most other countries people pay 3 to 5 times of their annual salary for house. Depending upon budget and city, either standalone house or apartment.
However in India prices are already inflated 5 times due to black money holders and overall system. Hence common people are forced to pay 20 years of salary in advance unwillingly with home loan interests because it is a basic need.
Standalone bungalow on a dedicated land still has some value. However charging such ridiculous amount for 1k Square feet apartment is a cruel joke. That too with inferior quality materials with no guarantee whatsoever for construction, completion, quality & legal documents.
Government is there just to enjoy 6% stamp duty and GST.
No tv channels or newspapers will explain this because they get huge advertisements revenue from real estate industry. In fact they all are working hard to convince common people that apna ghar to apna hota hai etc. so as to pull back customers and make sure common man pay such unacceptable amount in advance to land owners, builders, corrupt municipal corporations and banks such that their system keeps going smoothly as before.
You are absolutely right.
This comment deserves to be pinned!
Perfectly summed
Kadakkk point . This narrative of apna ghar apna ghar has ruined many families financially
Aa
"apna ghar apna ghar hota hai" feel this line very emotionaly for lower middle class family🔥
Being emotional is a luxury which one should indulge in once they have enough money.
All these calculations looks extremely sparkling on Excel but in real life no such thing exist. There can be medical emergencies, Children school college fees, marriage, divorce which will take a lot from your pocket
That is what you will have to save for right? I mean other than the fixed income you will have other side incomes and financial planning to substitute for those emergencies
Start with emergency funds
Those calculations are possible in real life too. Only thing is that you need to compromise little and should be able to differentiate what you need and what you want.
I like how you've kept both marriage and divorce expenses in mind😂
@@sauravkedia1120 6
Hi...I am CA. Nileema...I just came through your channel ...And kept watching and watching...It's a wonderful work you are doing to aware people about financial freedom...As we belong to same fraternity I really want to appreciate your work...Thanks
I am planning to buy my second house but it would be my dream house. I will soon share the blueprint of how to do so.
Live on rent for another 10 years and pay rent and invest the other money like emi initial payment etc in good mf or Stocks you can buy a house in 10 years with lot of cash extra too.. our society simply wants to leave in own house by taking loan and have a big Marraige by taking loan and suffer for rest of the life… work hard for 10 years and invest heavily. You can buy everything and have a better life in your 40s
But not everyone has that level of knowledge to pick correct stocks which would be that fruitful after 10 years and what you say is a risky option but can be fruitful.
Correct
I have gone same plan and bought a house in 2021 and also got PM subsidiary ....also thank u Modi ji
Can you please tell me, what is the process to get PM subsidiary?
As a person who is just about to buy a house, your video is GOLD!
Very True
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
@James Hillary I’m interested I want to move to forex can you help me trade?
I'm so excited my life has totally changed since I invested $3500 and now making $25000 every month
Frank kafeman
@ gmail
@Steven Howard frank kafeman is vastly defined in the binary and among a few other markets, he have acquired skills over many years of his experience
Ma'am has really given a outstanding lecture on how to be safe home owner. I couldn't thank her more for her efforts.
Rachana Madam, tumcha last point ekdum barobar hota. Aamchya landlord ni pan tech sangitlela tyancha ghar ghenya adhi, "Kuthe hi khila thokaycha nahi ! "
Hi Rachna. You have considered ctc as monthly income. For someone eaening 1 lakh per month,after tax and pf deduction they must be getting around 80-85k only in which case the emi would be almost 50% of salary. For someone in 30% tax slab it would be even higher
Oh now she will say it's your TAKE HOME income which should be 1 lakh. It's a sick joke and a sick world financially for the middle class. In the beginning itself she essentially said that single income families have no hope. (By saying it's family income. They'll now expect all family members to earn).
actual content starts @ 11:30
This rule and strategy is really good.. i am not interested in buying house as i have one (inherited from my father) Really helpful. thank you
Thank you 😊
These calculations are true if ROI is fixed but after Covid the rates are as high as 8.5-9% which increases the EMI
You are saying asset to house but Robert kiyosaki says our house is not asset he gives argument asset is that makes money and liability is that we need to pay money and I also agree if our home value is not increasing yearly by 8% then this is a libality
Unfortunately bro, no one will listen to sane voices nowadays and your comment will go unheard. The whole economic engine is working due to the gullible and naive middle/poor class. How can a house in India be an asset when rental yields are so low? Rental yields can never be high because the valuations of house is so huge due to black money involved. Actual rental yield may be a real picture of the value of house and not the other way around.
A very nice overview, Rachana. However, we have to factor in the last and the most expensive part of owning a house - Interiors. We dont speak about it much as it is subjective but plays a very important role in budgeting as the costs can be as frugal as a few lacs or even upto the price of the house itself. How does one budget for that? Any ideas?
Why do you want to repay the loan early??? You can take an advantage of claiming income tax benefits also you can invest extra savings in index fund that can easily give you a 12 to 15% CAGR return.
Me suddenly feeling thankful living in my parents house 😌😂
Please tell which Documents we need to check before buying new or resale house.
I own various real estate properties but I'll always go for mutual funds or stocks and It’s quite feasible to make 6 figures trading monthly, I have made over $180k from July till now, with no funny or complex strategies.
I'm 24, had my first $300k few months ago. Working towards another $300k!Just being smart and frugal with my money. Thanks to my Dad for putting me forward to personal finance and Investing earlier
@@palebiss1646 That mean a lot but congrats 🎉 I celebrate your Dad too! He did great.
yeah! My Dad and I work with a US based financial consultant *’Laura* *Adams* *Goodman’* She's a good expert.
@@palebiss1646 hello, do you mind hooking me up with your expert?
@@flossietaylor6239 The expert I'm in touch with is *’Laura* *Adams* *Goodman’* and you can search her by her name. She works with Merrill Lynch near my old office so I see her often to discuss my business. You can use something else. for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Be a Life Long Learner
Learning is the first step
Learn Invest and Prosper
Wow Har Ghar Investor
Extra EMI is Mind Blowing Bulb on moment
Qualitative and Quantitative Factors- Another GEM
Cheers
Such a informative video🙏..Ma'am you are one of the best teacher I have ever seen
Thank you 😊
I am going to purchase a house next month and this video is quite helpfull for me since I have similar sort of condition where partial money would be paid by me and remaining would be home loan so that I can get the tax benifit as well as get an asset for myself ... I am 27 now and I would be able to knock off this loan in 10-13 years ..
Everything looks so good on theoretical basis but when it comes to practically apply these rules are too difficult 😅
this is what a reason human minds prefer easy going hard living, but once you do start calculating every expense this will take you really into a different world try it.
Too good 10/10 the way u explained i am speechless
Information was worth..
Being a teacher i feel ther such videos must be made compulsory for college students.
So they can plan for their future
Like saving investment n all
Keep it up mam..
Do u have trading class for freshers.?
Thanks for the great video! Would love a follow-up video on what is an optimal loan amount, keeping in mind the gains from tax benefits, possible gains from other investments; and adjusting for the interest payment corresponding to the home loan. Thanks in advance!
Thnks you so mam for educating us on imperative topic. All these points helps us to dig down dip and take correct decision. Very helpful for people specifically coming from non commerce background.
I would like to mention here other than stock market … Rachana mam you are educating us to take correct financial decisions.. Big thanks.Jai Hind 🇮🇳
Thank you for your kind words 🙂
Great share
As per my understanding, Bank recover total interest first and then start to cut lone amount from monthly EMI. Someone can please explain me is it true or how it works. Or is there any meaning to payback full amount before time...
Please guide us.. How could we make our own house at an early age just by investment in stock market.. I am 19 right now bt stuck n need to have a small house
Nancy, u r so young, focus on your career first, automatically you will earn good money and buy your own home. GOOD LUCK.
Have a question.
What happens after 100 years of apartment?
What happens to our next generation of ownership?
Pls make a video on purchasing the land and then building the house 😐
Cause except for the few cities in In India, people in most states still purchase a land and build their houses.
Also consider the point that they may construct extra floors to rent out 🙏🏻
I am literally in love with the knowledge and wisdom of Rachna ma'am, i wish i would have gotten a mentor like you 10 years before. Still better late than never.
Hello Ma'am,
At 14:18 you mention that we can claim Interest repayment and principal repayment per owner so how will that work?
Let's say If 3 family member buys a house then can they all claim the same amount individually under section 80C for repayment? and 24(b) for interest payment on home loan?
Is that claim allowed by IT?
Can be claimed in any ratio by the owners. Total amount claimed should not exceed the total repayment.
I think your whole calculate is completely point less😤😤 How can any middle class individual can have 1 lakh salary monthly or his family income 12 lakh yearly.
Emi at 7.5% are you joking housing loans starts at 8.5% that to at lowest. I am very upset with this video 😤😤😤
Even if a person earns 15lpa (1.25 lacs/month) you will never find a desirable house sply in metro cities less than 75 lacs. Its next to impossible for sole earners without generational wealth.
Very informative Rachana ji!
Can you guide as to whether buying a house as an investment makes sense?
Thank you ma'am for wonderful video. I'll definitely think about all these aspects before buying my first house
Correct
Hi Rachna ji. I'm a 34 year old unmarried woman living in Delhi. I wish to buy a 2bhk house for myself. If I say that my salary is 65000 per month. Could you please suggest what should be the cost of the house I purchase and loan and tenure. Please guide!
It was during a journey, That a co-traveller with no financial background, who spoke so well about personal finance and capital markets, that I had to ask about it. He mentioned this channel. Thankful.
I think you should have minimum 50% funds in your account before paying the 20% or 30% as down payment to ensure that you continue to live the life and not just merely survive
Thank you so much for this video Rachana ma'am. All the aspects have been covered very nicely. One of the best videos I have seen on this topic.
Thank you 😊
Hello ma'am, you compared between rental property & owned property. But what do you say if person keeps renting through out his life, what will happen in retirement age ? Did you consider it ?
The problem is the amount of black money involved. On paper it is lesser per square feet, say in case of flats. So, other than the down payment amount, registration, lawyer charges, interior designing charges, etc., you also need 10 lakh hard cash which is not accounted. So, basically you need 20 lakhs with you before you buy a 2 BHK apartment in my region.
The points covered and explained in the 4th minute.. superb... I never thought it in that way.. makes me feel bit more relieved 😄
The cash flow is 10.5 yrs includes interest is added. Hence the target loan amount is increases too right ???
Can u justify that please
1 simple rule in life - try to upskill yourself, gain knowledge which in turn will help in increasing your earnings. With increased earnings, 20 years loan could be easily finished within 5 years.
Thank you mam for such a clear figurative video. Question is, is it advisable to pay off home loan EMI earlier than tenure, as I heard that home loan is considered as "good loan"?
multiple angles involved for a 20-year loan you would be paying more than 2x of loan amount..and it can increase as the rates are floating
so it is better to pay off the loan and save around 60-70% of the interest + be debt free
@@rocku4evr But lets keep 7-8% as interest as constant for home loan, so where will you get loan at such better interest, even personal loan is 11-14/15% depending on individual, so why can't we take some advantage of repaying it slowly and invest the rest in MF, max I am not expecting it to grow 12-13% yearly, it may grow 15% also but to keep all ups and downs of the market in the coming years. will that help, First I was also in the impression of repaying it in Half the tenure of what I get by this analysis what she said..😊
If someone buys a plot and then builds a house with loan, what would you suggest...obviously it's in tier2 or 3 city
Thanks Rachana Mam for giving great clarity in all aspects to buy a house/loan god bless you
First missed point is, house cannot be empty. Need to buy a lot to fill it. Next is emergencies, medicals expenses etc.
Absolutely best way of explaining this topic.
If a salaried person taking loan, do we get annual 2lacs interest benefit? How does it work plz share
can we include our living house in our net worth? For calculating Financial Independence?
Which jome loan is better fixed or floating??
Could you please make a video whether should we buy commercial real estate property or residential property, as the rental yield of commercial property is higher than residential property. So, it will make easy for me to buy a residential property after commercial property as the rent would help me to repay my loan.
After seeing this video people who are sole earner, they would be like we can never buy a house don't even think about it. ✋️😃
Yes absolutely
Thank you very much for the suggestions and information Ma'am. It helped me a lott for the calculation.
Currently I am in position to finalize my first house which I am searching since few months.
Can you please help with information related to leasehold property?
I am not able to finalize my decision because of the complete clarity, all the pros and cons.
Amazing way to begin a content. Loved your creativity
Thank you 😊
Thanks for the information. I just wanted to understand the reasoning behind the thumb rule to understand finance more.
तर्क मानव मन द्वारा ही बनाया गया है, इसे बदला जा सकता है लेकिन कुछ थंप नियम देने के पीछे का कारण पैसा बर्बाद करते समय मानव मन को नियंत्रण में रखना है।
Ek number video Rachana ji, keep rocking!!!!!
Definitely amazing video.. satisfying ❤️
Is this net family income in calculation shown? I mean after paying income tax , variable pay etc .. 🤔🤔
🔝📩📩.
What if we are living in govt quarters and we will be requiring House after 30ste . In that case when should we buy a house ?
Buy Office space in business hub grade A building for investment , is good or bad Decision
Its a good decision 👍🏻
jam-packed episode... love your style and pace of sharing these info..
Why your voice does not match will gesture..is it dubbed
I didn’t know the thumb rule before buying my first flat . But now I can see all are tick. My annual income is 7.5l my flat value is 40l emi is 24k tenure is 20 years
How much was your down payment?
Do bank allow us to change emi every year or we have to do that by our own or is there any way of increasing emi offer by banks???? Pls answer mam🙏
Govt banks do
Also please make a video on what factors to look for before buying a house.
Should the house be bought on floating rate or fixed rate?
i wish your channel would have started 10 years ago😢...it's really helpful
Thank you Rachana mam...
One doubt
Family income is "in hand" or "total package"?
In hand
Have some commonsense
In Hand after all Taxes.
Hath me kya milta hai usme he pay karoge na emi 😂
I have a lump sum amount and i want to buy a house. How can i buy the house by preserving the my principal amount.
E.g should i invest that amount in FD and pay the interest which i got from FD to home loan emi ?
Is there any similar ways like this to keep ur principal amount secure ?
I have bought flat in vadodara & the builder is asking for moving charges on possession reasoning that they keep this payment for construction damage safety happens by workers when interior work starts & a certain amount is not refundable. Its fine they take cheque against security but they dont refund & transfers that amount in maintenance funds which they already charge once. What should be approach for this ?
Thank You so much ma'am....It was indeed very helpful as we are in our 20s and a perfect video to plan how to plan to buy a house...Again Thanks a lot for this!❤❤
@Ma'am it has assumtion that expenses shall remain constant : on average in a span of 10 years your will have children so even the added income may not suffice as you will invest in his future also . I may be have a reserved bias but its true
In the One EMI Extra trick, you should have kept the EMI constant. i.e. 10k per month.
The example you gave, is more like 8.33% More Loan prepayment (which will reduce the Principal amt).
Also, your explanation for staying within the 40% EMI bracket was, our salaries will Increase every year.
My question is - WHICH COMPANY GIVES A 8.33% HIKE EVERY YEAR yaar? Only INFLATION Company!!
small people , insect buy anything by loan or plan anything to buy but rich people buy anything whenever they want without any loan or payinng any taxes🤑🤑🤩
Yass rachana ji important ones dahnyabadh & your joyfull starting video clips 😀😀😁😁👏👏👌👌✌✌🙏🙏
Thank you so much 😀
u r a gem . happy to be ur subscriber 👍🥰
One important question: can I buy residential flats on the name of my company instead of my own name? Because rent received will add to my income but it is under my company name, I can show expenses and reduce my tax liablity? Do you think it is a good idea to start a company and then buy flat? Is it legal?
Thanks alot Ma'am. This video clear my doubts.
One should choose fixed interest rate or floating interest rate would be beneficial?
Thanks mam, I have already applied for home loan and after watching your video it seems I made correct decision and followed all your rules correctly.
Great 👍All the best
depends on your income, expenses and other obligations as well.
Please provide all your presentation in the Document so we the common people will save and work on them for future purposes.
You should never buy house with multiple family members names - we are indians & 100% it will conflict in future so buy house with one name only & husband wide should buy house only after 6 years of marriage bcz now a days divorce cases are big issue so later home problem will come
Trick to Repaying loan in less tenure by repaying 1 extra EMI every year is amazing. But can you or someone tell me.that how we should communicate this with banks?? Coz no one on YT is talking about this and most of the banks have so many rules regarding loan repayments. Please reply if anyone has some knowledge
What type of intrest should we choose? Fix or floating?
Well said,it’s true Rachna
3:36 🎉great advice 👍
Not having your own home (be it of whatever size and value) leaves you dependent on the whimz of the owner and keeps you moving from one house to another whenever he asks you to.... So buy your own home if possible, keeping a lower burden on your financials. It is not wise to waste half your salary in emi though.
Hello Rachna Mam,
Thank you for the very informative video.
Could you please share information or create a video on - How NRI should decide between investment or buying a house in India - Pune 😊
Thank you.
I buy the residential plot but i question plot is register in rera project?
3:43 waah waah❤❤
When you say family income, is it a CTC or take home ma'am???
excellent!..CA Rachana Madam...