How many residential properties should you ideally own?
In many of my previous videos, I have discussed about Real Estate, which is Commercial real estate, Residential real estates and ReITs.
I have also mentioned in those videos that investment in one residential real estate is enough and beyond that you can invest in commercial real estates or ReITs.
However, there are certain exceptional situation, especially in Indian culture and society, where owning more than one residential property makes sense.
Firstly, if your work or occupation is such that you have to continuously and consistantly juggle between two places, then it makes sense to own a house at both those places.
Secondly, if you have two or three kids and you want to make residential asset for them, then also it is okay to make one residential house per kid which they can inherit from you.
This is purely from a cultural point of view and certain pivots that we can accept within the financial advice given the culture and society we stay in.
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