10 Cr = no need to work again in India ?

[Aamphat]

I have 15c net worth. still working. ofcourse na situation is unique working from India on US payroll. so not able to let it go. Once I lose this job I am not going to work anymore. 

[Konebhar6]

54 minutes ago, lollilolli2020 said:

ekkada idi Hyd lo naa. 
 

@Jatka Bandi uncle now we don't have to bring cards and also natakalu veyalsina pani ledu purse intlo petti ochchina ani. 

Purse aa 🙀

[lollilolli2020]

2 minutes ago, Konebhar6 said:

Purse aa 🙀

marchipoyava monna costco lo lole brand di 9.99 ki dorikithe konnav gaa 

[lollilolli2020]

8 minutes ago, Aamphat said:

I have 15c net worth. still working. ofcourse na situation is unique working from India on US payroll. so not able to let it go. Once I lose this job I am not going to work anymore. 

em chesav anna. 
break down cheppu and income streams entii kasta DB youth ki anchana ostadi how to plan wisely. 

[DonnyStrumpet]

India is going to have a rude awakening soon. 10 cr white money is equal to 40 cr black money. 

You can retire if you have minimum 15cr in white. I bet none of us in DB has that kind of money. lol

[Konebhar6]

21 minutes ago, lollilolli2020 said:

marchipoyava monna costco lo lole brand di 9.99 ki dorikithe konnav gaa 

I use wallet anna. Adi kuda  RFID light wallet. Purse word vini chala years ayyindi. 😂 

https://www.idstronghold.com/products/ultimate-rfid-secure-mini-wallet?variant=39340382191802&utm_source=google&utm_medium=cpc&adpos=&scid=scplp&sc_intid=&utm_medium=adwords&utm_campaign=&utm_source=&gad_source=1&gbraid=0AAAAAD97MC4TZLvPHIC1QUs9uYQCSBIL3&gclid=Cj0KCQjwna6_BhCbARIsALId2Z1rTfSawDUUzb7cWz275Df4S2fBqtfBbmVAu8dq-J4jVRfOPzOygTAaAuuMEALw_wcB

[HugoStrange]

1 hour ago, Konebhar6 said:

3 Cr property (Current value, land and construction) yielding 60k rents monthly ... 8 Cr if you get good commercial property 2 lakhs is possible. 3-4 is a stretch. @HugoStrange

may be I looked more in Bangalore where the rental income is close to 5% rather than 2.5%. Rental incomes are closer to 4 to 5% these days. 3L would be a good guess for Hyd

[Konebhar6]

2 minutes ago, HugoStrange said:

may be I looked more in Bangalore where the rental income is close to 5% rather than 2.5%. Rental incomes are closer to 4 to 5% these days. 3L would be a good guess for Hyd

Residential RE in hyd is a headache. Ppl don’t pay rent properly. Property management companies are not good. Ppl won’t pay even 3 months advance

[HugoStrange]

1 hour ago, no01 said:

3-4Lakhs rental iche property 8cr lo raadu....it will be much more ani naa feeling. Or may be u might have bought that property few yrs ago which is valued much higher and giving u good rental.

 

I researched in Bangalore couple of years ago, and it seemed 5% seemed normal there. Was planning to invest in a property in BLR, they said they will build it in 2.5cr for PG rentals and will get rental income close to 1.5L. One friend invested in it, dont know if he got the income or not.

I have a friend in Hyd who has PG rental place where he gets over 6% per year. Again, both of them are couple of years ago. 

[HugoStrange]

2 minutes ago, Konebhar6 said:

Residential RE in hyd is a headache. Ppl don’t pay rent properly. Property management companies are not good. Ppl won’t pay even 3 months advance

yes, anduke I dropped the idea couple of years ago. I heard people are getting 40k rental on 2cr apartment. Problem is that the apartment does not go up in value in longterm. So dropped this idea too

[Konebhar6]

2 minutes ago, HugoStrange said:

yes, anduke I dropped the idea couple of years ago. I heard people are getting 40k rental on 2cr apartment. Problem is that the apartment does not go up in value in longterm. So dropped this idea too

If you have money, buy MFs in India now. Buy every dip this year. You should get very good entry points. Leave them for 5 yrs. 25% CAGR

[Pahelwan4]

2 hours ago, Sam480 said:

Is this still true for India ?

Yes 20 lakhs per month if you give for interest. 

[Anta Assamey]

3 hours ago, Sam480 said:

Is this still true for India ?

Yes.... I will go to my village and settle down...Only meetings at Racha Banda...which is right across our house in village ..

[lollilolli2020]

21 minutes ago, Pahelwan4 said:

Yes 20 lakhs per month if you give for interest. 

yeah interest ostadi oka 1-2 months; tarvata asalu vundadu vaddi vundadu. 

[Aamphat]

1 hour ago, Aamphat said:

I have 15c net worth. still working. ofcourse na situation is unique working from India on US payroll. so not able to let it go. Once I lose this job I am not going to work anymore. 

2012 lo first property konna uppal lo 75 lacs ki. 2019 lo danini 1.5 ki ammesi telsina builder ki echi 3 apartments teskunna Madhapur inka construction avvakunda. and madyalo vere properties konna kothaguda lo oka apt and Vja lo land. Also invested in Mutual funds in India and current oka 5 apts unnai and okati under construction. rents oka 1.6 lacs vasthundi and debt funds nad bonds meedha inko 1.2 coming total 2.8 passive income. Flat inko 2 years lo handover isthey inka paid off home lo untu passive income tho bathikestha.