Popular Post paaparao Posted October 8 Popular Post Report Share Posted October 8 Seeking financial advice: I acquired a lot in Dallas's Rockcreek gated community for $50,000, with annual HOA fees of $1,370. Since the lot's resale value is $20,000, I'd incur a $30,000 loss upon sale. Should I hold or sold the lot . Consider $2000 per year to maintaining the property?i m in a dilemma on the decision. golf course also present in the lot. thats why hoa fees. but don't understand how the lot value decreased. 3 1 Quote Link to comment Share on other sites More sharing options...
pichhipullayya Posted October 8 Report Share Posted October 8 52 minutes ago, paaparao said: Seeking financial advice: I acquired a lot in Dallas's Rockcreek gated community for $50,000, with annual HOA fees of $1,370. Since the lot's resale value is $20,000, I'd incur a $30,000 loss upon sale. Should I hold or sold the lot . Consider $2000 per year to maintaining the property?i m in a dilemma on the decision. golf course also present in the lot. thats why hoa fees. but don't understand how the lot value decreased. idi oka multi level marketing scheme maa annayya friend also irukkunnaru.. Quote Link to comment Share on other sites More sharing options...
Popular Post avacado Posted October 8 Popular Post Report Share Posted October 8 Refferal money ki kakkurthi padi friends irikistharu in this kind of properties 7 Quote Link to comment Share on other sites More sharing options...
Assam_Bhayya Posted October 8 Report Share Posted October 8 @Hitman anna aa orlando venture lo invest chesava. Quote Link to comment Share on other sites More sharing options...
Bitcoin_Baba9 Posted October 8 Report Share Posted October 8 1 hour ago, paaparao said: Seeking financial advice: I acquired a lot in Dallas's Rockcreek gated community for $50,000, with annual HOA fees of $1,370. Since the lot's resale value is $20,000, I'd incur a $30,000 loss upon sale. Should I hold or sold the lot . Consider $2000 per year to maintaining the property?i m in a dilemma on the decision. golf course also present in the lot. thats why hoa fees. but don't understand how the lot value decreased. Hold cheyyadam valla value peruguddi ani emanna idea undha? Assalu aa community or chuttu pakkala emanna development jaruguthundha? Real estate or stock market lo evaram market ni time cheyyalemu. US lo land or lots investment anedhi not everyone game, unless you can build something in it to sell or rent it out. Oka 5years hold chesaka kooda same $20K value unte, your loss will be $40,000. Ikkada evaru financial advice chesina adhi fluke answer ye. Nuvve akkada market chooskuni trust yourself if you want hold or get out off it. Andharam ekkado akkada money pogottukuntam, take it as a lesson and move on. Good luck 2 Quote Link to comment Share on other sites More sharing options...
jefferson1 Posted October 8 Report Share Posted October 8 53 minutes ago, pichhipullayya said: idi oka multi level marketing scheme maa annayya friend also irukkunnaru.. recently oka reel kuda choosa, like people going to the land site and buying them with the owner. how does this multi level marketing works in this scenario. Quote Link to comment Share on other sites More sharing options...
GelakoduKri Posted October 8 Report Share Posted October 8 They market as my dear Reddy and kamma friend we only have 5 lots left , Since u are my cast and I saw u once in kitty party I can help to get a deal but we only have 3 days to decide people are waiting. Every referral they get 20% u refer 5 get a free lot which is worth less. Quote Link to comment Share on other sites More sharing options...
Chittoorodu Posted October 8 Report Share Posted October 8 Evarinaina nammochu kani - ee kitty party lo once meet ayina vallu kuda extremely helpful ga unte gattiga theyda kodthundi Amway, HGI, ULIPS - Malli idoti Real Estate kuda 1 1 Quote Link to comment Share on other sites More sharing options...
Chittoorodu Posted October 8 Report Share Posted October 8 3 hours ago, paaparao said: Seeking financial advice: I acquired a lot in Dallas's Rockcreek gated community for $50,000, with annual HOA fees of $1,370. Since the lot's resale value is $20,000, I'd incur a $30,000 loss upon sale. Should I hold or sold the lot . Consider $2000 per year to maintaining the property?i m in a dilemma on the decision. golf course also present in the lot. thats why hoa fees. but don't understand how the lot value decreased. $50K / $1.37k + Taxes = You are looking at 5% annually just for Taxes & Fees Your lot has to be appreciate more than 10% annually for you to just breakeven and more than 15% for meaningful returns. Ee yedava lekkalu chusina vadu evadu lot konadu 1 Quote Link to comment Share on other sites More sharing options...
Apple_Banana Posted October 8 Report Share Posted October 8 Dallas culture..same India la tayarayyindi.. everything circulate around money and financial gain even friends too. Even if you ask refer good pest control for home they are looking for referrals. I am guessing it's due to lot of people/students directly landing in Dallas and didn't see otherside of USA.. to learn both living and work culture then how to enjoy the life etc..🙏🙏🙏 1 Quote Link to comment Share on other sites More sharing options...
Chittoorodu Posted October 8 Report Share Posted October 8 3 minutes ago, Apple_Banana said: Dallas culture..same India la tayarayyindi.. everything circulate around money and financial gain even friends too. Even if you ask refer good pest control for home they are looking for referrals. I am guessing it's due to lot of people/students directly landing in Dallas and didn't see otherside of USA.. to learn both living and work culture then how to enjoy the life etc..🙏🙏🙏 LOL, I felt the same way. I know someone who moved to the US with family in 2018 and hasn’t left Texas since. Quote Link to comment Share on other sites More sharing options...
Popular Post Abhagyudu Posted October 8 Popular Post Report Share Posted October 8 15 minutes ago, Apple_Banana said: Dallas culture..same India la tayarayyindi.. everything circulate around money and financial gain even friends too. Even if you ask refer good pest control for home they are looking for referrals. I am guessing it's due to lot of people/students directly landing in Dallas and didn't see otherside of USA.. to learn both living and work culture then how to enjoy the life etc..🙏🙏🙏 I hate moving to this state.mid west lo happy ga vunna mundu 1 2 Quote Link to comment Share on other sites More sharing options...
Apple_Banana Posted October 8 Report Share Posted October 8 2 hours ago, Abhagyudu said: I hate moving to this state.mid west lo happy ga vunna mundu Culture wise, raising family wise...Mid West is perfect... I 100% agree.. 2 Quote Link to comment Share on other sites More sharing options...
psycopk Posted October 8 Report Share Posted October 8 4 hours ago, GelakoduKri said: They market as my dear Reddy and kamma friend we only have 5 lots left , Since u are my cast and I saw u once in kitty party I can help to get a deal but we only have 3 days to decide people are waiting. Every referral they get 20% u refer 5 get a free lot which is worth less. nee cheta kani tanam ki caste ni enduku lagutav?? Quote Link to comment Share on other sites More sharing options...
nuvvu_naakina_paalem Posted October 8 Report Share Posted October 8 14 minutes ago, psycopk said: nee cheta kani tanam ki caste ni enduku lagutav?? because caste peru tho kallu musukupothayi chala mandhiki 1 1 Quote Link to comment Share on other sites More sharing options...
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