Published May 5, 2021
2 mins read
463 words
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Money-Making
Business
Real Estate

The Rich Secret: The Free Property

Published May 5, 2021
2 mins read
463 words

There are some unknown secrets that are only known to few peoples in this world. There is a way to be rich, which maximum people don't know.

And today you are going to be a part of the 1% of people that know these amazing pathways to be rich.

THE FREE PROPERTY

LITERALLY FREE

There is nothing free in this world. So we can say this is not FREE, because it takes time, and time is money. But technically you don't need to give money for this property, someone else will pay on behalf of you.

Actually, You have to take a loan at a basic interest rate, buy a property with that, and give it on rent. That's it.

Calculations:

(the price of the property may vary because the more the price the higher the rent)

  • Property price: INR 7,39,000 ($10,000)
  • Loan Intrest rate: 10% per annum.
  • Rental income: 7,500 ($101)

(The rental income may vary from area to area, but basically, in the area where the rental income is less, property rates are also less AND maximum times rental income is 1-3% of the property price, here in calculations it is near to the basic: 1%)

  • Loan Time: 24 Years
  • Loan Amount with intrest after 24 Years: 21,00,000 ($28,390)
  • Loan EMI: 7,500 ($101)
  • 7500 x 12months x 24 years = 21,60,000 ($29,200)

[NOTE: Rental income can be more less in some areas, but this is still possible, just the loan time have to be increased, so that the rental income can be approximately equal to the Loan EMI.]

And with this you are owner of a FREE PROPERTY, that will be completely yours after 24 years from now, you have paid nothing for this property but TIME. And don't forget that you haven't paid any money for that property

CONCLUSION

You have learned something that is being working for a bunch of people. This method takes a lot of time, and many people don't apply a lot of their brain to think about these types of ideas to increase the property.

EXCEPTIONS

There is a flaw in this method, that if your property has not been taken by someone on rent for 3 months, then you have to pay the EMI of 7,500 for one month from your own pocket. But there is an easy solution for this, you have to give the property at a good amount of intrest to the person who is intrested to get. So that, you don't have to pay the EMI by yourself.

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This is the first part of the series "THE RICH SECRET". More coming soon…

CLICK HERE: To read more informative and intresting blogs.

#BUSINESS
#inspiration
#secret
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akeshyadav22 5/5/21, 4:32 PM
Good👍💯💯👍 Please read my blogs. (Click on read more)

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