Looking for Serious Investment

[mypath2usa]

Hi Guys,

I live in Bay Area and it's impossible for me to buy house yet even in this market. I'm thinking to invest my saving so far ($50K) in Indian real state or somewhere else and try to make some money for couple of years and then bring all money here an buy house etc..
I think real state in India will always keep going up and one can easily by a plot in outskirt or flat etc.. and then sell after few years. Although I do not know consequence of dealing all this matter including money transfer here & there.

I know it's personal question and I would appreciate people's views on this matter.

thanks

[ActAccord]

You can very well do that but before doing that you should know the below details

1) You should have some one to locate a property or you need to travel to India.
2) To buy in your name you have to be there in India

3) If no body there to look after your poperty then you are taking bigger risk because now a days lot of people sell others property with fake documents. Even no body can claim your property but to get it back you need to spend 30 to 40yrs through court.

4) Somebody/you should spend decent amount of time to identify a right property else you will land in buying illegal (Government/others) property.

5) There is transcation cost involved for too and fro of money. Plus when you sell property you may have to pay tax on the money you gained. Hope you know the tax will be at its upper limit (33%) due to the amount involved.

6) Last but not least, now property market is @ its peak if you buy now you can't find a big appreciation. No more double or tripple of your investment but decent % increase is possible.


Gain some more information to make a decision.....Best of luck