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income on morgaged flat by way of rental invest in new flat


I am Indian and American citizen planning to morgaged my Ghatkpar Flat and take a loan and  invest in new flat in Thane and I want to lease out my flat on rental basis, so that I can recover interest of bank on morgaged flat and I get appreciation of new flat in Thana and I am looking for a good lawyer for the same. What type of risk are involved in these type of transactions ?. 


Is this idea right of Income  on Morgaged flat by way of rental  and invest in new flat ?





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