Investing in real estate is a wonderful activity. It allows just about anybody with the right hard work and attitude to create a substantial fortune within their lifetime much easier than many other forms of investing allow for. It’s a great way to build something for the future which everybody wants to do to some degree or another.
Principal – This is the gross dollar amount you are borrowing from the bank in order to purchase your property. For example, you may have a home that costs $500,000.00. If you have a down payment of $50,000.00 you will need to finance $450,000.00. The $450,000.00 is the start of your principal balance.
Where the transfer of ownership in the goods is to take place at a future time or subject to some conditions there after to be fulfilled the contract is called an agreement to sell.
Real Estate consultants have huge network of contacts so they know which vendors are reliable and which lawyer would be better when dealing with legal formalities.
Secured auto loans: are the ones where you need to show a collateral (usually http://www.immoveable-property.com like your house) against which you are guaranteed a loan that finances the purchase of a new/old car. Since you are showing a tangible asset, the chargeable rate of interest will be low, the monthly installments you shell out will be better affordable and the loan amount guaranteed is higher. You may also take a longer time to pay off the entire car loan amount.
Before investing in any property, you should make future plans, like for how many years you would like to keep the property. This kind of plans help you to know the expanses and earning on a particular property. For example, if you want to keep a particular property for ten years, then you have to spend money for its major expenses, like to repair the whole roof or something. And, if you are going to keep it just for four or five years, then you need not to spend for any major impairment.
Gift of Assets to Members – Generally, the Karta of an HUF cannot gift or alienate HUF property but he can make certain gifts to the female members. Gift of immovable property within reasonable limits, can also be made by a Karta to his wife, daughter, daughter-in-law or even to a son out of natural love and affection. Gift of immovable property within reasonable limits can be made only for dutiful purpose e.g. marriage of a daughter etc.