Benefits of Investing in Land:- 1) Land is a tangible asset unlike stocks and shares; and because of constant increase in demand and limited supply, one can be sure of boosted profits. 2) Investment in land is a very simple and transparent process and is not as complicated as investment in shares and stocks. 3) While traditionally there is no rental income from plots, you can change that by leasing your land for allotment, tenant farming or parking lot, provided the location is suitable. 4) The cost of land is comparatively lower than residential properties and hence is affordable. 5) Property tax from plots is lower compared to residential properties, Not only that, you also save no maintenance in the case of plots. 6) Typically, plots do not generate rental income, and hence you need not worry about tenants. 7) Since plots are available in all sizes and in many locations. You can invest in a plot that you like and can choose to c...
Why we need second source of income as investment ? Investment in real estate, can also be a source of a second income. If you have a decent sum of money lying around, you can use it to invest it to to buy your second home. You may even take a home loan to finance your second home. This can become a source of income for you when you rent it to someone. These monthly rents would become your secondary monthly income. The key to making more money with rental properties lies in buying smart. Not all kind of property is going to give you a good return. Hence, analyzing the potential real estate opportunities is very important. The monthly rent highly depends on the area/location of the property hence it is highly important that you select the location of your property very wisely, keeping in mind the rent factor. You can save much even after your home loan EMIs. In addition to this, you can also avail tax exemption on the purchase of your property if it is through a home loan.