Housing Upgrade - Solution kavali

[Sonu_Patel]

15 minutes ago, Abhagyudu said:

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 

Office ki memu raamu ani driving chethagaani H4 aunties tegesi cheptunnaru anna. 

[enigmatic]

anni kastalu mee friends ke enduku vastayi 

 

[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.

FOMO created by kitty party invitations and brain wash to buy home. 

[gudboy]

11 hours ago, Sonu_Patel said:

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

antha popular VIP ki DB lo vuncles solution kavala? irving uncle antunnav restaurant circle antunnav ee matram solution irving to business chese ee potta batta vuncle aina chepthadu

 

nammable ga ledu nee ee inko friend estory

[Hitman]

24 minutes ago, Abhagyudu said:

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 

NO more changes. list has been finalized who is Remote who is coming to office. 

[Sonu_Patel]

Just now, gudboy said:

antha popular VIP ki DB lo vuncles solution kavala? irving uncle antunnav restaurant circle antunnav ee matram solution irving to business chese ee potta batta vuncle aithe chepthadu

Irving uncles unanimous ga home sale cheyi for over market price ani egaleeparu.. 

my dosth is trying to sell 50K over the market price with upgrades but looks like lot homes for sale in the market. 

[Sonu_Patel]

11 hours 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. 

Rent option ledu anna.. community rules lo allow cheyaru anta renting. 

[gudboy]

4 minutes ago, Hitman said:

NO more changes. list has been finalized who is Remote who is coming to office. 

dont worry layoff chestharu slow ga appudu remote work chesevallandariki dula theeruddi

[Hitman]

Rate cuts announced (certainly)...house price inkaaa perugutaaaya> #Stilllookingfor1stInvestmentPropery... 

[Sonu_Patel]

1 minute ago, Hitman said:

Rate cuts announced (certainly)...house price inkaaa perugutaaaya> #Stilllookingfor1stInvestmentPropery... 

depening on inventory anna.. 

As of now, so much inventory is coming into market in suburbs. 

price reductions baga avthunnai.. try putting lower bids.

[rmJU72]

Just rent it out and ride the lows for now.

your friend paid 450k which is more than 35% downpayment.

As interest rates go down, refi the new home and keep it at 20% equity and withdraw the rest and payoff the heloc as much as possible.

When the market is better, he can relist the home for sale.

 

[Assam_Bhayya]

rates cut chesthe, people looking to buy peruguthadhi, malli lite ga egabadina home prices proportionate ga penchutaru.

bokke, edaina bokke, all hole, jackson hole. yedoo chedham ani motham screw up chesaru economy ni, interest rates, inflation anniti ni mingabettinar

[VictoryTDP]

2 hours ago, Sonu_Patel said:

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

 

Thappadu aa kompa not so good so 500k is more than good or else 

[yemdoing]

20 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. 

thanks for posting... all your posts are enlighting us how to not do mistakes with fianances .

frisco home address post cheyyi , market price yento cheptham. 

 

[Sonu_Patel]

52 minutes ago, yemdoing said:

thanks for posting... all your posts are enlighting us how to not do mistakes with fianances .

frisco home address post cheyyi , market price yento cheptham. 

 

 anna.. address post cheyalenu.. he is close prend of mine.