Desis buying two homes in America

[ManchamKodi]

1 minute ago, Gaali_Gottam_Govinda said:

Avi home insurance ye pay chestadi le...... but your home insurance is going up 20% every year. ee year $4k unte next year $5500 quote ichi pamputunnadu. 

4 bedroom house lo 4 tenants ni pettina 700$/month and yearly around 30k vastundi in rental.

5k insurance, 5k maintenance tesivesina 20k save avutundhi kada anna mortgage lekunte . 

20k rental income on home a good business @ForEverJava?

[CanadianMalodu]

2 hours ago, ForEverJava said:

Invest in gold gold etf 529 and mutual funds and s&p index hysa and most important invest yourself and have good life .. which people keep forgetting 

Or buy land or agricultural land, not speculative ones but ones with that of value and purpose.

[Hitman]

19 minutes ago, ManchamKodi said:

4 bedroom house lo 4 tenants ni pettina 700$/month and yearly around 30k vastundi in rental.

5k insurance, 5k maintenance tesivesina 20k save avutundhi kada anna mortgage lekunte . 

20k rental income on home a good business @ForEverJava?

Add Property Tax . Minimum 6K. if Florida, it can go > 10K... 

[ManchamKodi]

3 minutes ago, Hitman said:

Add Property Tax . Minimum 6K. if Florida, it can go > 10K... 

rental income anthaa waste ala aithee. 

[TechSri]

Rendu job lu chesara 2-3 years covid lo?  Entha unna satisfaction ledu veellaki 

[ManchamKodi]

10 minutes ago, TechSri said:

Rendu job lu chesara 2-3 years covid lo?  Entha unna satisfaction ledu veellaki 

andukee kada anna vaunty depression vallanna obessed

[ForEverJava]

5 hours ago, dreamchaser said:

Few folks I know bought second home in Dallas with home equity loan from primary home purchased before 2018.their primary home appreciated by 40%.is it a wise decision? @ForEverJava

Only if they can do 1031 for a sale or else most of it wiped out in capital gains since it’s not primary home again markets then now are way different for investing rental home is headache that worth in my personal opinion 

 

just imagine a bad market where they lost the job and lost a tenant not able to sell both homes and make mortgage payment for both homes and roof replacements property tax and home owners insurance  hoa for the homes it’s going to be bad even if property appreciation in short time if u go for sale capital gains tax will attack u and wipeout all earnings

[Chittoorodu]

CapEx ante emani telikunda illu lu kontunaru, investment ane peru tho. 🙏

[Konebhar6]

10 hours ago, ManchamKodi said:

America lo one house konnadanike dikku ledu ra ante 2nd house kottunaru  money ekadanundi vastundi

areey @Sonu_Patel nuvvu 5 years nundi chudam tappa konnadam ledu kada vaunties ni chusi nerchukooo

 

 

 

 

My tella coleague owned 7 homes from 2005-2007. Buy a home and move take equity out and invest in another. Decision looked amazing in 2006 and early 2007. He foreclosed all of them and a lot of financial difficulties by 2008-2009.

[ramannar]

Endho e vauntyla show off evado nala jatiyudu dopidiku pothay fasak youtoob la full detailing istandhi vaunty sheddy gyang b land aitudhee

[letstalk2024]

Edo model home tour chesukundi for you tube views 

[ForEverJava]

10 hours ago, Konebhar6 said:

My tella coleague owned 7 homes from 2005-2007. Buy a home and move take equity out and invest in another. Decision looked amazing in 2006 and early 2007. He foreclosed all of them and a lot of financial difficulties by 2008-2009.

That’s what many inexperienced Desis don’t know here housing market changes every few years .. except primary home that’s needed for family don’t recommend on rental homes except if they are in popular area for money spinning like Hawaii or Florida that too near popular beaches rest all waste investments 

[ForEverJava]

11 hours ago, Konebhar6 said:

My tella coleague owned 7 homes from 2005-2007. Buy a home and move take equity out and invest in another. Decision looked amazing in 2006 and early 2007. He foreclosed all of them and a lot of financial difficulties by 2008-2009.

Eppudu landed Anna nuvvu 2006 colleagues antunnav ani asking ..my landing here was in 2005 ..i  remember subprime mortgage thunderstorm that led to housing market crash and led banking sink entire country and led to very tight restrictions on mortgages that led to slump in market then Obama got the first time home buyer credit to mollify the market and I bought my first primary home in 2010 took advantage of that ..

[ManchamKodi]

11 hours ago, Konebhar6 said:

My tella coleague owned 7 homes from 2005-2007. Buy a home and move take equity out and invest in another. Decision looked amazing in 2006 and early 2007. He foreclosed all of them and a lot of financial difficulties by 2008-2009.

2008-2009 is repeating in 2025-2026 ?

[Konebhar6]

1 hour ago, ManchamKodi said:

2008-2009 is repeating in 2025-2026 ?

It won’t be that bad but correction will come