How to check if realty investing is right for you?

Ever heard the saying “There’s never a better time to invest like yesterday”? Realty investing is great and in the long run is a guaranteed source of return, but that doesn’t mean that it is the right option for everyone. Read on to find out if this is the right investment medium for you.

1. Having a steady income source

Having a steady monthly salary is a great way to take save up for a realty investment. Having a steady salary means that you area great candidate for loans, plus housing loans give you income tax benefits.

2. Having a good CIBIL score

Having a steady monthly salary is a great way to take save up for a realty investment. Having a steady salary means that you area great candidate for loans, plus housing loans give you income tax benefits.

4. Have an enough money in an emergency fund

Having a steady monthly salary is a great way to take save up for a realty investment. Having a steady salary means that you area great candidate for loans, plus housing loans give you income tax benefits.

5. Have enough money for a down payment

Having a steady monthly salary is a great way to take save up for a realty investment. Having a steady salary means that you area great candidate for loans, plus housing loans give you income tax benefits.

6. Long term living

Having a steady monthly salary is a great way to take save up for a realty investment. Having a steady salary means that you area great candidate for loans, plus housing loans give you income tax benefits.

Going through the above list will help you assess you readiness for realty investment, and remove the emotional aspects of considering home ownership.

Realty investment and homeownership is a big investment and you should gather as much information and understand how much you can afford before making a decision. If you can answer “yes” to 3/6 of the above factors, it may be time to seriously consider realty as an investment option.