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Or you can buy an apartment in eastern Europe and rent it for $700-1000 per month.
by zura 12y ago
Or you can buy an apartment in eastern Europe and rent it for $700-1000 per month.
- fest 12y agoWell, you better not choose Riga (capital of Latvia) then. According to my back-of the napkin calculations, an 80 000 EUR investment will pay itself back in 10 to 15 years.
- zura 12y agoI had in mind Tbilisi (capital of Georgia) and maybe Berlin (if you prefer west). But it's not about getting investment back in money - it is more like having a real passive income plus you're the owner of real estate. And you can sell it anytime later (for much better price) if you want.
- mcguire 12y agoReal estate was going to be my suggestion, but I don't know anything about the situation in India. I rent my parents' house in a medium-sized midwest US city; I get around $650/month after property management expenses. After taxes, insurance, maintenance expenses, and the occasional empty period, I'm not getting anywhere near that out of it. But it is still profitable, passive, and the investment needed to increase my income (in other words, buying more property) would not really be excessive.