Properties In India

[Konebhar6]

1 hour ago, Balibabu said:

I am thinking to open joint multiple demat accounts from major firms and invest land money in nifty 50 index.

 

oka stock broker company divala tesina oka 50% ayina vuntayi reason for multiple demat accounts and atleast 8% growth vuntayi...oka tax filing oka pani vuntadi regular ga yearly once if you sell and buy.

Stock broker dials teesina, stocks will still remain on your name. Broker is only a mechanism to buy and sell. Securities are maintained by SEC.

Tax filing is a big hassle. But you can find a good CA who can maintain your filings.

Its a good idea to move Indian money into NIfTY but not send money from US. 

[lollilolli2020]

6 minutes ago, Konebhar6 said:

Chala sepu vetika dorkaledu. Have to check email history if I saved it somewhere. It’s a masterpiece video where the guy explains everything on investment and how much he makes. 
it’s not like new age influencers who just blabber something for views. He is very popular in those villages it seems, some channel went and interviewed him.

Etv aa ?

 

raithubadi is very good in that area. 
 

[Konebhar6]

1 minute ago, lollilolli2020 said:

maa kaada per acre price is fractional compared to other states you mentioned. 

But filled with Snow. Ice cream business tappa emi cheyalevu 😂😂

[Konebhar6]

10 minutes ago, lollilolli2020 said:

Etv aa ?

 

raithubadi is very good in that area. 
 

May be, I am not sure. Both wife and husband in that video. He has a chicken farm as well. 20 lakhs or 50 lakhs per year he was making. Tried all search in Youtube, could not find it. 

[lollilolli2020]

6 minutes ago, Konebhar6 said:

May be, I am not sure. Both wife and husband in that video. He has a chicken farm as well. 20 lakhs or 50 lakhs per year he was making. Tried all search in Youtube, could not find it. 

area emanna mention chesara 

[Android_Halwa]

19 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 are already on GC and plan to become citizen, already have low ties to India and expect ties to diminish over the next one decade, you children do not like to have ties with India or Indian cousins, neither you have any plan to return back ever , then it makes no sense to have properties In India. 

If you consolidate, you will start losing the value and worth, better to sell in bits and pieces and slowly convert to white cash and invest in stocks, mutual funds, SIP’s, sovereign gold bonds etc. take advantage of your parent’s situation for tax concessions and gains. Have yourself names as nominee in such investments. 
 

When ever your parents come to visit you, they can carry up to $10,000 in cash per person. If both parents visit you once per year, you can get upto $20k/year without paying any tax. in laws kuda vasthe mari manchidi, inkoka 20k.

 

[Android_Halwa]

19 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. 

Tukdal tukdal ante potayi, better not to delay…neighbor land owners will eventually block you from selling.  Better to sell when you have a chance…

[Spartan]

2 minutes ago, Android_Halwa said:

If you are already on GC and plan to become citizen, already have low ties to India and expect ties to diminish over the next one decade, you children do not like to have ties with India or Indian cousins, neither you have any plan to return back ever , then it makes no sense to have properties In India. 

If you consolidate, you will start losing the value and worth, better to sell in bits and pieces and slowly convert to white cash and invest in stocks, mutual funds, SIP’s, sovereign gold bonds etc. take advantage of your parent’s situation for tax concessions and gains. Have yourself names as nominee in such investments. 
 

When ever your parents come to visit you, they can carry up to $10,000 in cash per person. If both parents visit you once per year, you can get upto $20k/year without paying any tax. in laws kuda vasthe mari manchidi, inkoka 20k.

 

if travelling seperately...yes.

iddaru parents oke sari vaste....limit is per family..not per person.....per family 10K.

[Android_Halwa]

Just now, Spartan said:

if travelling seperately...yes.

iddaru parents oke sari vaste....limit is per family..not per person.....per family 10K.

Separate itenaries…

[Konebhar6]

1 hour ago, Android_Halwa said:

Tukdal tukdal ante potayi, better not to delay…neighbor land owners will eventually block you from selling.  Better to sell when you have a chance…

Jagan anna gave a terrific price to buy those lands to build homes for Jagan Colony. Almost 40% more than market and I wanted to sell. My mom wouldn't even though dad wants to. ITs the last memory that ties to her mom. 

[Konebhar6]

1 hour ago, Android_Halwa said:

If you are already on GC and plan to become citizen, already have low ties to India and expect ties to diminish over the next one decade, you children do not like to have ties with India or Indian cousins, neither you have any plan to return back ever , then it makes no sense to have properties In India. 

If you consolidate, you will start losing the value and worth, better to sell in bits and pieces and slowly convert to white cash and invest in stocks, mutual funds, SIP’s, sovereign gold bonds etc. take advantage of your parent’s situation for tax concessions and gains. Have yourself names as nominee in such investments. 
 

When ever your parents come to visit you, they can carry up to $10,000 in cash per person. If both parents visit you once per year, you can get upto $20k/year without paying any tax. in laws kuda vasthe mari manchidi, inkoka 20k.

 

We are Citizens. I am aware kids wont want to go back. But I would like to increase my travel to India. Visiting twice a year. I would like to go back once kids complete college. But not really sure how it will work out. Lets see. 

[Konebhar6]

2 hours ago, lollilolli2020 said:

area emanna mention chesara 

I remember him mentioning that he was surprised to know Turkey eggs have a huge market in Bangalore, so he increased his turkeys from 20+ to 2000 and was the biggest profit contributor. He must be at a place closer to Bangalore. May be Anantapur, kadapa. May be Nellore (7 hrs)

[Android_Halwa]

16 minutes ago, Konebhar6 said:

We are Citizens. I am aware kids wont want to go back. But I would like to increase my travel to India. Visiting twice a year. I would like to go back once kids complete college. But not really sure how it will work out. Lets see. 

This is one point which many people ignore. Forget about the kids but with demographics changing so fast, I see many people visiting India often than they used to once they hit 50’s. May be once or twice a year. There may be expenses in India, events, parties, get togethers, travel etc and we however need money for such things. 

For that sake, we would need money in India and some small and secure investments by consolidating properties etc and create a fund/income source so that our later years expenses can be managed. At a point, India visit will be very expensive. With the way cost of living increasing, it will be considerable expense to be managed if we do not have any investments in India.

SIP’s, Stocks, Mutual funds etc which are totally in our control without the fear of someone encroaching the lands/properties. 

 

[Konebhar6]

1 minute ago, Android_Halwa said:

This is one point which many people ignore. Forget about the kids but with demographics changing so fast, I see many people visiting India often than they used to once they hit 50’s. May be once or twice a year. There may be expenses in India, events, parties, get togethers, travel etc and we however need money for such things. 

For that sake, we would need money in India and some small and secure investments by consolidating properties etc and create a fund/income source so that our later years expenses can be managed.

SIP’s, Stocks, Mutual funds etc which are totally in our control without the fear of someone encroaching the lands/properties. 

 

Makes sense. That's what I do with income in India.

[tables]

2 hours ago, Konebhar6 said:

Stock broker dials teesina, stocks will still remain on your name. Broker is only a mechanism to buy and sell. Securities are maintained by SEC.

Tax filing is a big hassle. But you can find a good CA who can maintain your filings.

Its a good idea to move Indian money into NIfTY but not send money from US. 

creating demat account on parents will work, ofcourse until they are alive.