Properties In India

[CanadianMalodu]

5 hours ago, Konebhar6 said:

A lot of people say they will go back but practically most people don't, esp those whose kids are in Middle/High School and beyond. As for me, I do not even know where some of our ancestral properties (4-5 acres of land spread in multiple nearby places). Every trip to India, I think of prioritizing them, but wont have enough time. 

What's your plan for properties? Keep or sell? It becomes very difficult for kids to handle them down the lane esp if you have multiple properties. If sold, how to get money back here?

What are you doing with rental income or any other income you have from there? 

If you have properties in India, don't sell them. India is binging on debt to push its GDP which will only create more inflation. If that's the path India continues forward then the foreseeable future is clear. Newer generations can't afford to buy anything on their own. US only makes you a debt slave, unless you paid your mortgage in entirety. What's more you keep paying property tax for eternity. 

Another thing is the agricultural land. Who owns most of the agricultural land in the US? Bill Gates, the "Zameendhar". Why is that? Doesn't he make me more monies in Tech ? If this is the elite path forward, then you should rethink your choice of selling agricultural land in India. 

Don't burn bridges to India for your children. Make them street smart instead, so that they will decide what to do with the properties back home. 

[Konebhar6]

16 minutes ago, CanadianMalodu said:

If you have properties in India, don't sell them. India is binging on debt to push its GDP which will only create more inflation. If that's the path that India continues forward then the foreseeable future is clear. Newer generations can't afford to buy anything on their own. US only makes you a debt slave, unless you paid your mortgage in entirety. What's more you keep paying property tax for eternity. 

Another thing is the agricultural land. Who owns most of the agricultural land in the US? Bill Gates, the "Zameendhar". Why is that? Doesn't he make me more monies in Tech ? If this is the elite path forward, then you should rethink your choice of selling agricultural land in India. 

Don't burn bridges to India for your children. Make them street smart instead, so that they will decide what to do with the properties back home. 

Most of the billionaires in US own the biggest land chunks in USA. On top of it they must be getting some tax benefits as well. 

[Konebhar6]

42 minutes ago, Galactus said:

bro, aa 1 villa kooda waste if you have GC or Citizen

its just a hassle avutundi

unless someone has to go back, maintaining properties in next gen will be a nightmare after parents 

relatives ni nammithe assam ye

Need something to stay when I go back. I know staying in Hotels, etc is cheaper for 1 month. But I prefer to stay in my own house. I get what you are saying though. 

[CanadianMalodu]

1 minute ago, Konebhar6 said:

Most of the billionaires in US own the biggest land chunks in USA. On top of it they must be getting some tax benefits as well. 

The reason being, governments can keep printing $ to infinity. They can't print land. If you have ability to hold on/safe guard properies in India, don't dump them. 

[rmJU72]

I’m selling India properties, paying tax and getting it here. Then S&P/QQQ and chill.

Managing them with aging parents is a hassle. You should sell when parents can still manage the sale process and can find buyers is best. When you go back for a visit you can anyway stay in parents place or airbnb something.

Consider rupee depreciation, cash transactions, no proper valuation esp lands - you can only guess but never guaranteed how much it is valued, and someone can take advantage if you if you need to sell fast.

[rmJU72]

51 minutes ago, CanadianMalodu said:

If you have properties in India, don't sell them. India is binging on debt to push its GDP which will only create more inflation. If that's the path India continues forward then the foreseeable future is clear. Newer generations can't afford to buy anything on their own. US only makes you a debt slave, unless you paid your mortgage in entirety. What's more you keep paying property tax for eternity. 

Another thing is the agricultural land. Who owns most of the agricultural land in the US? Bill Gates, the "Zameendhar". Why is that? Doesn't he make me more monies in Tech ? If this is the elite path forward, then you should rethink your choice of selling agricultural land in India. 

Don't burn bridges to India for your children. Make them street smart instead, so that they will decide what to do with the properties back home. 

people who are super rich have their own strategies which are beyond our basic need to have a decent life.

i think we need to be realistic about our situation and what our kids can manage and plan accordingly.

[rmJU72]

3 hours ago, zamoora_rules said:

Has anyone explored the option of contributing to a 529 plan? If the property is in the parents' names, suggest that they sell it and gift it to the grandkids(limit is approx 250K). There are many factors to consider depending on the grandkids' situations, but this could be one way to save on taxes. Correct?

Yes is one way to save on future taxes on the appreciation of the monetary gift if you invest that into some funds in your 529.

[CanadianMalodu]

10 hours ago, rmJU72 said:

people who are super rich have their own strategies which are beyond our basic need to have a decent life.

i think we need to be realistic about our situation and what our kids can manage and plan accordingly.

Reality depends on perspective. What you imbibe in your kids is what they get. If you burn bridges to India, they will have no reason to go to India. If you actively try immersing them in India they will adapt. Depends on what you want. Historically speaking land and gold are the only two things, that stood test of the time.

[nag]

10 hours ago, CanadianMalodu said:

If you have properties in India, don't sell them. India is binging on debt to push its GDP which will only create more inflation. If that's the path India continues forward then the foreseeable future is clear. Newer generations can't afford to buy anything on their own. US only makes you a debt slave, unless you paid your mortgage in entirety. What's more you keep paying property tax for eternity. 

Another thing is the agricultural land. Who owns most of the agricultural land in the US? Bill Gates, the "Zameendhar". Why is that? Doesn't he make me more monies in Tech ? If this is the elite path forward, then you should rethink your choice of selling agricultural land in India. 

Don't burn bridges to India for your children. Make them street smart instead, so that they will decide what to do with the properties back home. 

meeru cheppindhi baaganey vundhi kaani.. people in India especially friends and relatives ..evvarini nammalemu..  @Konebhar6 cheppinattu.. chaala chotla lands vuntey.. okati or rendu safe zone lo vunnavi better.. too many handle cheyatam kastam living abroad. own the ones ..which you can handle and have control over it

[Kootami]

9 hours ago, Konebhar6 said:

Need something to stay when I go back. I know staying in Hotels, etc is cheaper for 1 month. But I prefer to stay in my own house. I get what you are saying though. 

One month ki nuvvundali ani , rent ki unna vallani kali chespistava ?

[CanadianMalodu]

5 minutes ago, nag said:

meeru cheppindhi baaganey vundhi kaani.. people in India especially friends and relatives ..evvarini nammalemu..  @Konebhar6 cheppinattu.. chaala chotla lands vuntey.. okati or rendu safe zone lo vunnavi better.. too many handle cheyatam kastam living abroad. own the ones ..which you can handle and have control over it

Consolidation in larger tracts is better in that case. See at places x,y,z and buy in a,b or buy bigger chunk on which you have control.

All I'm saying is, it's not good idea to sell off and move to USA. If you have over 10 crores worth of assets, then maybe as you pay down your entire mortgage and establish business in the US. Otherwise, I wouldn't suggest it.

[Raja_Returns]

dabbuonallu ki ame undi masthu enjoy chestharu baga g balupu ekkuva anukune vadini

but e thread chusaka valla kastalu niru pedha ayena na lanti vallaki ki kuda undav ani artham ayendi

[Konebhar6]

37 minutes ago, Kootami said:

One month ki nuvvundali ani , rent ki unna vallani kali chespistava ?

I won’t rent it. Keep it for us when we go. 

[lollilolli2020]

16 hours ago, Konebhar6 said:

A lot of people say they will go back but practically most people don't, esp those whose kids are in Middle/High School and beyond. As for me, I do not even know where some of our ancestral properties (4-5 acres of land spread in multiple nearby places). Every trip to India, I think of prioritizing them, but wont have enough time. 

What's your plan for properties? Keep or sell? It becomes very difficult for kids to handle them down the lane esp if you have multiple properties. If sold, how to get money back here?

What are you doing with rental income or any other income you have from there? 

 

15 hours ago, Konebhar6 said:

My personal preference is to consolidate properties (Sell) and be left with just 1 nice Villa in a gated community.

I have to convince my parents to sell ancestral lands and buy 2-3 acres at just 1 place with less than half the money on sold properties. 

Nuvvu ante Citizen vi; malanti visa dependent youth ki ala kaadu gaa uncle; tummithe udipoye jobs maavi; so we hold on to it; with that being said naa personal properties (peddaga levu will hold on to it) and family properties ( I have siblings to take care of them with all the headaches that come with it.) 

[lollilolli2020]

14 hours ago, Sucker said:

Agricultural lands vunna vallu better sell them buy something like Kompa at least in Hyd lanti place lo. Many ki ye polam yekkada vundho idea vundadhu inka after parents relatives will take advantage for sure no one claiming ani. Many polam ki papers kuda vundavu. Careful ayya Amma alane antaru land ammodhu bokka ani explain them and buy something places like hyd at least 

nee avva monne ne ee video chusina inspiration toh konchem lyaand konna ippudu ela uncle. cc @Konebhar6 @Jatka Bandi