Navigating Real Estate in 2024: Ujjawal Pahwa's Guide to Becoming a Landlord
Finance influencer Ujjawal Pahwa delves into the complexities of becoming a landlord in 2024, amidst fluctuating interest rates and rental yields.
![Ujjawal Pahwa,Ujjawal Pahwa instagram,Ujjawal Pahwa finance influencer,landlord,real estate investment Ujjawal Pahwa,Ujjawal Pahwa instagram,Ujjawal Pahwa finance influencer,landlord,real estate investment](https://c.ndtvimg.com/2024-01/gfg583co_navigating-real-estate-in-2024-ujjawal-pahwas-guide-to-becoming-a-landlord_625x300_22_January_24.jpg?downsize=930:*)
Navigating Real Estate in 2024: Ujjawal Pahwa's Guide to Becoming a Landlord
Photo Credit: Ujjawal Pahwa Instagram
- Ujjawal Pahwa is a famous finance influencer
- He helps you identify whether to become a landlord or not
- Time to evaluate your finances like a pro
As 2024 unfolds, prospective investors are faced with the decision of whether to step into the role of a landlord. Ujjawal Pahwa, a renowned finance influencer, offers his expertise to those contemplating a foray into the buy-to-let property market. With interest rates still soaring, Pahwa navigates through the financial intricacies of property investment in the current economic climate.
Assessing the Viability of Property Investment in 2024
High Home Loan Interest Rates:
- In India, home loan interest rates are currently ranging from 8.4% to 9% or even higher.
- This marks a significant increase from the pre-Covid era, when interest rates were as low as 6.7%.
Rising Cost of Property Purchase:
- The hike in interest rates implies an increase in the overall cost of buying property.
- Potential landlords must consider how this rise could impact rent and property affordability.
Rental Yield Considerations:
- Residential properties in India typically offer rental yields between 2-3%, with a maximum of around 4%.
- Investors must evaluate whether such yields are sufficient to cover costs and provide a reasonable return.
The Rent vs. Cost Equation
Matching Rental Income with Expenses:
- A crucial question for aspiring landlords is whether rental income can keep pace with the rising costs of property ownership.
- Assessing whether the investment will yield profitable returns is more critical than ever.
Additional Factors to Consider:
- Other significant aspects include assessing rental demand and rental affordability in the desired location.
- These factors play a vital role in determining the success of a rental property investment.
Ujjawal Pahwa's insights are invaluable for those considering becoming landlords in the current financial landscape. Understanding the balance between rental income, property costs, and overall market demand is essential. As Pahwa highlights, being well-informed and cautious is key in deciding whether to embark on the journey of property investment and landlords in 2024.
For the latest Influencer News and Interviews, follow WhosThat360 on X, Facebook, WhatsApp, Threads and Google News. For the latest interview videos, subscribe to our YouTube channel. You can also follow us on our WhatsApp channel.
Comments
Related Influencer Stories
Related Influencer
-
Jul, 12 2024 Palak RathiFinance
-
Jul, 10 2024 Humphrey YangFinance
-
Jul, 10 2024 Michael KitcesFinance
-
Jul, 10 2024 Anthony OnealFinance
-
Jul, 10 2024 Tori DunlapFinance
-
Jul, 09 2024 Digital PratikFinance
-
Jul, 08 2024 Dr. Vivek BindraFinance
-
Jul, 08 2024 Neil PatelFinance