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Message: <blockquote data-quote="ltty head" data-source="post: 24293052" data-attributes="member: 207615"><p><span style="font-size: 12px">Friends need advice about an investment plan.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px"><strong>Option 1</strong></span></p><p><span style="font-size: 12px"><strong></strong></span></p><p><span style="font-size: 12px">Planning to buy a house in an apartment in between bambalapitiya to wellawatta. House price is 30 million. (owned by a relative at the moment)</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Selling the current house, vehicle and a land to get this house. </span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Will this be a good investment? If I am to rent this house, monthly can rent this for 140 thousand. (currently being rent at this rate)</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Planning to buy this and rent it for next 5 years. </span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">My expenses will be to get a small house for rent (40 thousand) and a vehicle lease at about 40 thousand</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Total expenses are 80 thousand and I have a saving of 60 thousand monthly.</span></p><p><span style="font-size: 12px">In 5 years I will have 24 lacks and the house.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Current square feet price in that area is about 25000 rupees.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Considering the inflation and land price increase in 5 years do you think this is a good investment idea?</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px"><strong>Option 2</strong></span></p><p><span style="font-size: 12px"><strong></strong></span></p><p><span style="font-size: 12px">If I rent out the current house / vehicle / land without selling, it can generate about 160 thousand per month. Still I have the same expenses of 80 thousand and will be saving 80 monthly.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">But vehicle is depreciating and then again land value of my current house and the land is not equal to land price of bambalapitiya house. </span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">current house land price comes about 17000 rupees per square feet.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Friends, Please share your experience / ideas on this.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Rep++</span></p><p><span style="font-size: 12px"></span></p></blockquote><p></p>

Verification: Hathara warak wissa keeyada? (Hathara wadi karanna 20)

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