Suggestion on Selling house

Hi, Which one is Self-occupied by you? Are you receiving any rental income from the second property? Is paying EMIs a burdensome? May I know your Debt to income ratio? Have you allocated sufficient lump sum or periodic savings to your other high priority goals (ex-retirement/kids education goals)? Kindly note that Investment decisions should be based on certain financial goals & objectives and not just based on whether one can save TAXES or not. Read: http://www.relakhs.com/think-beyond-tax-investing-tax-planning/ http://www.relakhs.com/7-important-personal-finance-ratios/  

Hi, If your rental yeild from the Let-out property is below 4 to 5% then it may not be worthwile. But selling decision may also dependent on many other factors too.. Do you expect quick appreciation in that locality? Is it a Flat or an independent house? Are you going to get decent profit if you sell now?  May I know if you have sufficient life insurance cover & health insurance cover?

Hi Sreekanth, Thanks for your time. How to calculate the yield from let out property? Its a Flat and appreciation is not known. So far I had lost 4L having two housing loan. Have to compensate this loss while selling. Normally, Land will have appreciation value, but FLAT becomes old it won't value much. Health Insurance covered by Company to all family member Life insurance not sufficient, I know. Planning to do after reading article in your site.

Hi, Yield can be calculated by dividing your rental income per year by total investment. You can try finding out the current market value of the Flat and based on that you can find out the value appreciation (if any). Kindly buy a health plan even if you have company provided group cover. Read: http://www.relakhs.com/best-family-floater-health-insurance-plans-details-checklist-comparison/ http://www.relakhs.com/factors-tips-best-health-insurance-plan-india/