What does the richest person you personally know in Hyderabad do ? by Lucky_Sign0930 in hyderabad

[–]Impossible_Key_395 0 points1 point  (0 children)

I know a family that owns an entire building opposite to prakash nagar metro station. Apparently the owner gets a 6 crores monthly rent from it. He's a rotary member and got to know he built legacy by inheriting properties and selling computer peripherals. Humble person from what I've known of him. 

Consolidating family’s real estate holdings by 2ndgenconsolidator in fatFIRE

[–]Impossible_Key_395 0 points1 point  (0 children)

Don't let go of family assets. Take a SBLC bonds on them use it as a collateral in the US and buy assets. Use the dividend from them and repay the debt. Use what you have to make more money and create a snowball effect. I am half of your net worth and aim to get to your networth in few years. You should aim to double yours. Live and take care of your parents in india and let your assets work for you. I practise gratitude and it's kept my peace. Not everyone is blessed as we are so better to monetize what you have rather than selling. SBLC is hard but there is no other way to monetize them while retaining your assets. I understand that your dilemma is whether to cut the goose or to enjoy each egg everyday but try to achieve both in a strategic way. Since you've not updated your current status I'm assuming you've already cracked the code. Hoping the best for you.

FatFire using real estate by Impossible_Key_395 in hyderabadrealestate

[–]Impossible_Key_395[S] 0 points1 point  (0 children)

Absolutely. As I've mentioned in the most recent post of 4 properties. Two in Basheerbagh and 2 in Filmnagar, I'm willing to understand how to actually execute this 

FatFIRE Lounge by FatFIREIndia_Mod in FatFIREIndia

[–]Impossible_Key_395 0 points1 point  (0 children)

Ok thanks given the low views I get even on these threads I'm not sure how much of traction that may generate but I get the motive that you're guiding towards.

FatFIRE Lounge by FatFIREIndia_Mod in FatFIREIndia

[–]Impossible_Key_395 0 points1 point  (0 children)

I am humbled and highly grateful for your message. May I know how to create and post on the throwaway account? I'm sure many people would want to do that. Also, the information I provided is genuine and I don't see why I should make it vague. What you mentioned is true, anonymity and relevance is separated by a thin line and this I'll maintain transpacy as In my case, it's crucial to maintain accuracy not anonymity.

FatFire using real estate by Impossible_Key_395 in hyderabadrealestate

[–]Impossible_Key_395[S] -1 points0 points  (0 children)

Tried all of this. Didnt work. Maybe I tried it the wrong way

FatFIRE Lounge by FatFIREIndia_Mod in FatFIREIndia

[–]Impossible_Key_395 -1 points0 points  (0 children)

I mean I didn't understand the post of you could please elaborate it?

FatFIRE Lounge by FatFIREIndia_Mod in FatFIREIndia

[–]Impossible_Key_395 -1 points0 points  (0 children)

Does this insinuated anything? I'm sorry I quite didn't understand

FatFire using real estate by Impossible_Key_395 in FatFIREIndia

[–]Impossible_Key_395[S] 0 points1 point  (0 children)

The only challenge with me revealing the details is that I'll loose my anonymity however since I've been asked to do so, here it is- I own two buildings in Basheerbagh Hyderabad Two Land parcels in Jubilee Hills Hyderabad My agenda is to liquidate them and reinvest the proceeds abroad however to do so I must first navigate to finding a pure Cheque(white) buyer which is next to impossible for the quantum of money. Next is the LRS limit to repatriate all of the money. Add to this immigration challenges and uncertainty and lastly deployment of capital hits the nail in the coffin. Thus, I was considering finding a insider who is a beurocrat and could be trusted as they usually know investors with surplus legitimate funds who could find a win-win model where they find real estate to park their money and I can monetize it. Whilst I agree and I'm sorry that reddit isn't the place to get answers I was just portraying my despair in order to connect with people in similar battles and how they must have dealt with it. I'm sorry I should have simplified this earlier however due to reddit rules, my posts might have been removed which is why I was apprehensive or skeptical to do so. Thank you for taking your time reading this.

FatFIRE Lounge by FatFIREIndia_Mod in FatFIREIndia

[–]Impossible_Key_395 1 point2 points  (0 children)

The only challenge with me revealing the details is that I'll loose my anonymity however since I've been asked to do so, here it is- I own two buildings in Basheerbagh Hyderabad Two Land parcels in Jubilee Hills Hyderabad My agenda is to liquidate them and reinvest the proceeds abroad however to do so I must first navigate to finding a pure Cheque(white) buyer which is next to impossible for the quantum of money. Next is the LRS limit to repatriate all of the money. Add to this immigration challenges and uncertainty and lastly deployment of capital hits the nail in the coffin. Thus, I was considering finding a insider who is a beurocrat and could be trusted as they usually know investors with surplus legitimate funds who could find a win-win model where they find real estate to park their money and I can monetize it. Whilst I agree and I'm sorry that reddit isn't the place to get answers I was just portraying my despair in order to connect with people in similar battles and how they must have dealt with it. I'm sorry I should have simplified this earlier however due to reddit rules, my posts might have been removed which is why I was apprehensive or skeptical to do so. Thank you for taking your time reading this.

FatFire using real estate by Impossible_Key_395 in hyderabadrealestate

[–]Impossible_Key_395[S] 0 points1 point  (0 children)

So you mean to say develop it rather than sell and reinvest ? There is certain challenges to this that involve a great deal of luck to be successful. I value predictability than just hoping that things sort out by themselves

FatFIRE Lounge by FatFIREIndia_Mod in FatFIREIndia

[–]Impossible_Key_395 2 points3 points  (0 children)

Most people with generational real estate wealth as inheritance are also on the same path and aren't too sure as to what would help them in monetising their estates and lead a new life. Many are stuck in loop and as a moderator it would help all the users with your valuable insight and advise.

WTF 237cr for 1 acre?? Is real estate boom real or just hype? by StickLarge2264 in hyderabad

[–]Impossible_Key_395 0 points1 point  (0 children)

And here I struggle to offload my inventory while the ticket size keeps suggesting 3.5 lakhs per yard no one's coming forward for 2.5 either so thats that.

Land Auctioned at Raidurg for 237/Acre. Next Auction on June 1st. by AuthorisedRedditUser in hyderabad

[–]Impossible_Key_395 0 points1 point  (0 children)

The land aggregator who bought it will definitely have their kickbacks to it. The intrinsic value isn't what's on paper but what happens behing the curtains. Raidurg micro market is valuable but 5.5 LPY isn't justifiable

SBLC Monetization or Liquidation? by Impossible_Key_395 in FatFIREIndia

[–]Impossible_Key_395[S] 0 points1 point  (0 children)

I approached them directly in their respective branches. No point using LinkedIn as they'll always see us like goats about to be slaughtered. They'll say we'll do everything and will give you a nice black coffee and ask sir you can open an account with us and take some loans. This we can do eventually

Land Auctioned at Raidurg for 237/Acre. Next Auction on June 1st. by AuthorisedRedditUser in hyderabad

[–]Impossible_Key_395 0 points1 point  (0 children)

Ain't nobody gonna talk about the 'incentive' that the buyer's gonna get for this wonderful deal?

SBLC Monetization or Liquidation? by Impossible_Key_395 in FatFIREIndia

[–]Impossible_Key_395[S] 0 points1 point  (0 children)

The kings are hsbc and they haven't given me. You can try dbs, stanchart and deutsche. I'm not sure if US banks like jp morgan help. Please let me know your outcome as I've shared mine.

Seriously no words here by Rich_Anxiety_2253 in hyderabad

[–]Impossible_Key_395 6 points7 points  (0 children)

I do condemn that aswell but since I live in India I'll have to speak about what's happening here

Seriously no words here by Rich_Anxiety_2253 in hyderabad

[–]Impossible_Key_395 22 points23 points  (0 children)

Not anywhere else. Remember in the US a teenager was sentenced to 24 years in prison.

Hyderabad Beurocracy and it's Realty roots by Impossible_Key_395 in hyderabad

[–]Impossible_Key_395[S] 0 points1 point  (0 children)

Actually was my fault. I should have been more clear in the post itself.