Housing Upgrade - Solution kavali

[manadonga]

Aa home details pettu chuddam 

[Sonu_Patel]

6 hours ago, gudboy said:

please post the frisco home link here

very thick prend anna.. cant post link here.. he is popular among restaurants group in Irving. 

[Sonu_Patel]

6 hours ago, gudboy said:

please post the frisco home link here

very thick prend anna.. cant post link here.. he is popular among restaurants group in Irving. 

[Sonu_Patel]

6 hours ago, gudboy said:

please post the frisco home link here

very thick prend anna.. cant post link here.. he is popular among restaurants group in Irving. 

[Sizzler]

30 minutes ago, Sonu_Patel said:

200K HELOC money + 250K Savings used towards the down payment anna for $1.2 million home. 

Oh ok.  Old home sale cheyadam okate option… 2018 lo teeskunnadu… konchem equity kooda build ayuntundhi kadha. Even if he sells at 600K (worst case) instead of 650K, he should still have some equity. Save it and wait for another opportunity to invest. 

Otherwise rent it and survive for few months before housing market bounces back. 

Easy to say now, appude HELOC teeskokunda sale chesthe better ayyedemo. When things are green, everything seems right. 

Good luck to your friend bro. 

[travellerusa]

@Sonu_Patel market is at stand still. IT jobs suffering..no high pays. Lotss and loads of rentals popping, pre owned not selling, new inventory moving slowly in tx. Tejams will foreclose in a yr?

[Sonu_Patel]

13 minutes ago, travellerusa said:

@Sonu_Patel market is at stand still. IT jobs suffering..no high pays. Lotss and loads of rentals popping, pre owned not selling, new inventory moving slowly in tx. Tejams will foreclose in a yr?

2 months nunchi listed anna.. single offer kuda raledu anta.. he spent around 40k for paints, bathroom, kitchen and flooring renovations. 

[Sonu_Patel]

23 minutes ago, Sizzler said:

Oh ok.  Old home sale cheyadam okate option… 2018 lo teeskunnadu… konchem equity kooda build ayuntundhi kadha. Even if he sells at 600K (worst case) instead of 650K, he should still have some equity. Save it and wait for another opportunity to invest. 

Otherwise rent it and survive for few months before housing market bounces back. 

Easy to say now, appude HELOC teeskokunda sale chesthe better ayyedemo. When things are green, everything seems right. 

Good luck to your friend bro. 

grass is not always green anna.. 4 months back he bidded for that house 25K extra from fomo. 

[VictoryTDP]

5 minutes ago, Sonu_Patel said:

grass is not always green anna.. 4 months back he bidded for that house 25K extra from fomo. 

500 k ki set cheyi anna

[Sizzler]

7 minutes ago, Sonu_Patel said:

grass is not always green anna.. 4 months back he bidded for that house 25K extra from fomo. 

Recent ga kooda ekkuvaki bid chesi konnadu friend akkada….

Dallas market will always be hot… just matter of time anthe…. $1.2M home future lo $2M ithe 25K peddaga anipinchadhu… Plus that is his primary home kadha… need not worry  

 

[Konebhar6]

2 hours ago, Sonu_Patel said:

grass is not always green anna.. 4 months back he bidded for that house 25K extra from fomo. 

Fomo is the biggest problem. It’s very important to maintain financial discipline. Otherwise if people buy beyond their means, life won’t be easy for them.

[Joker_007]

10 hours ago, Sonu_Patel said:

Friend bought small house in 2018 for 400K in Frisco. 

The house worth is now 650k and he took HELOC loan for 200k in april and bought a 1.2 million dollar home in Flower Mound. 

coming to finances, he paid $450k towards the down payment and took 750k for the New home. 

he is now facing following problems;

- Frisco lo small home he did some cosmetic masala updates and listed for sale price - $700K - No offers till now. house is empty and monthly mortgage payment is $2400 per month

- Paying monthly payment for HELOC around $1300 per month.

- New Million dollar home monthly mortgage payment around $6500 per month.

Total Monthly payments - $2400 + $1300 + $6500 = $10,200 just for mortgages only.

how to handle this situation. financial experts @Konebhar6 & @perugu_vada suggestions ivvandi. 

emundi.. Daggarlo unna Good Will kendralaki velli shopping chesuko manu.. Saturday and Sunday's la part time work with only cash... Daily prepare idly, vada and dosa's sell it to deis bachelors.. 

[Sonu_Patel]

10 hours ago, VictoryTDP said:

500 k ki set cheyi anna

ittagey na cummings friend home ni.. 670k nunci 500k ki dimpi mingaru.. 

 

[Sonu_Patel]

8 hours ago, Konebhar6 said:

Fomo is the biggest problem. It’s very important to maintain financial discipline. Otherwise if people buy beyond their means, life won’t be easy for them.

Realtors ekuva bid pettu ani chepparu anta anta.

[Abhagyudu]

10 hours ago, Sizzler said:

Recent ga kooda ekkuvaki bid chesi konnadu friend akkada….

Dallas market will always be hot… just matter of time anthe…. $1.2M home future lo $2M ithe 25K peddaga anipinchadhu… Plus that is his primary home kadha… need not worry  

 

It's cooling down. Dfw doesn't have so many IT jobs to support incoming desis. Epudu remote kabatti ok, but once back to office ante inventory will skyrocket