Eye-Opening Story

I really liked your coverage on buying versus renting a house. It was indeed an eye-opening story. However, I wish to know if buying a secondary property as an investment is a good choice? -Parth Mehta

Editor Responds : Buying your first house is always recommended, of course taking into consideration your financials. However, buying a secondary property for investment makes sense only if you are ready to handle tenants and make sure your property never remains vacant. Moreover, you should have knowledge of how the real estate market works. If that’s not the case, then investing in mutual funds is a far better option.