I don't know much about land and property but what I know is over here, there are so much available land for sale. So I prefer building one then renting it out to people. That too can serve as a means of income.
You can get a land here for $1000 or maybe less in some rural areas. This is one of my goals in life. To buy a land in a school environment, build an hostel and rent out to students who wants to live outside school campus.
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I think its great if its cheap in your area. I think the biggest issue that its far too expensive for land in the US.
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Here in India , it depends .
Outskirts - land is cheap right now .
City - way too expensive .
Transitional areas- very good opportunity to invest if we get a good price .
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I would do this too. In this part of the world it's more reasonable to buy and rent out to people, especially in a student area. Also for myself I'd prefer to buy, it eliminates the risk of having issues with landlords
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Ownership also has a lot of risks too. As well as headaches.
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Yeah it does. But there is a certain peace that comes with it, owning something means you don't have to answer to anyone but yourself. I like that feeling
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Except the bank and government which can be equally as nightmarish.
Neither are fun to deal with.
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True... I sometimes think people have a false sense of security in that kind of situation.
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Yeah but tenants are not easy to handle too lol .
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😂😂 yeah, people problem.
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Yeah :p lol
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That's a great idea bro.
If you can buy a piece of land and rent it out. That's passive income. Good thing is that new students will always come every year. So the demand is going to be high.
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Hehe students will come every year ? Are you sure ? I mean look at Indian schools right now , one of the most messed up industry this year is Education
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Jeeez, I almost forgot man. This idea is definitely not Pandemic proof.
You are absolutely right. Schools are shut for a very long time. The education industry is messed up.
On the other hand, Edtech is booming since everything is going online.
I think every industry now needs to ponder upon how they can survive such situations.
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Exactly .
Unacademy , Byju are taking over the education space in India .
But I don't really think it is a good idea for 1-5 classes though .
I was an external teacher for class 8-9 for 3 months and the kids didn't really learn that much through live classes lol .
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I think we will take our own time to get accustomed to such settings.
It's new for everyone but I see the culture changing.
My only problem with this model is that most Indians don't have proper access to the internet. They still depend on schools for their education. It sucks bro.
I felt so sad when I heard news of kids killing themselves because they could not attend live classes.
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Exactly , I can relate to that .
I used to struggle a lot because of poor internet connectivity , lot of service providers like BSNL and Airtel just reject providing broadband connection to my place because we live in remote area .
All this universal connectivity that we see on TV is BS .
Yeah :( Tough time for Indians . Well for people all over the world , but it is hitting on a different level for Indians right now .
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That sucks!!! How do you manage now? Are you getting better services or did you change your place?
They make us bloody fools, that is all. In the name of development, we are making statues and temples. That's it. While disconnecting ourselves from the wider world, going several steps backward every year.
We are dealing with crises on multiple levels. It sucks to be in this country at this stage.
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Must have been a great learning experience for you. 😂
Btw what did you teach?
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Computer Science :)
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Haha, duh me!
You are a computer science ninja yourself.
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That can be a good investment. Not really my kind of thing but it can be very rewarding depending on how the market is where you live.
When I was a student I rented a house outside campus and it was overpriced as hell because of the high demand, so you will probably do well with that plan.
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That is a great idea. There are the maintenance costs of being a landlord. Taxes are also another expense to be looked at.
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And headaches.
I know my landlord always has crap happening. She has a 30 unit place, and always something going on. Tenants not paying rent, destroying stuff, things breaking.
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Exactly , it is not easy being a landlord , we had a house which we have rented to someone a couple of years back and we had such a hard time collecting the rent . The tenant used to come up with one or the other excuse every single time , eventually we sold the house lol
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That is what many overlook. Being a landlord can be a nightmare. The rent moritorium is really messing with small landlords now.
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I felt sorry for my landlord when I was in college... we lived in a big house shared by 13 stupid college kids. We wrecked the place hard
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Lol really ? 13 kids ? How many rooms ?
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Exactly . If I ever rent out my house , I would make sure I give it to a person who is honest . Even if it is for less amount .
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