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NAMASTE once again sir.
:) wonderful to hear that you would like to come back and have a Lassi.
Thank you so much @Michael Haynes
Well i am a complete new guy in Real Estate's. so i came up with such queries.
My plans are to look on those properties that gives good rentals. Getting monthly passive incomes is all i am looking for.
I am not looking for an investment right now. It's been six months i am only reading about real estate's. Later in future i will surely go for an investment. but not right now.
In the past few months i had searched some properties of New York that gives good rentals. but later i read about Tampa, somewhere in a blog, that its a good place to invest and also Miami.
So, i started searching for properties of Miami later and now Tampa. LOL.
I was impressed by the rentals in USA, but was astonished when i saw the taxes one needs to pay.
so that's why i came up with such queries.
you said it right sir, properties there are like stocks.
but here in Mumbai it's different. The rentals depends on the locality, but are low. For ex. if you want a property that generates rental of 1500 or 2000$ rentals monthly, then its better to have atleast a million dollar in your pocket.
But the value of a house would seldomly depreciate. so each and every family earning well, would go and invest into real estate's. because they know, if not now, atleast in future there next generation would get the perks for the investments they did.
Few years ago, My father bought our current house for around 7,000$, but now our house is valued till 90,000$ (IN MUMBAI). And, if we give our house for rent, we can expect only till 180$/month.
Anyways sir, i appreciate for the time you took for writing and sharing your knowledge.
Thank you once again.
