Is it a good idea to invest like this

[SA77HI]

16 minutes ago, JANASENA said:

Its a good idea to rent.  

1. Fill the leasing packet do their BG check and submit to HOA. All 4 persons should be in lease. Unless nuvvu cash meeda iddam and paisal migulchukunnadamaukuntey (kontha mandi chesthar ila not generalizing ) nee neighbours desi gallu undedattu choosuko endukantey you're saying 4 working ppl ki rent ki istha antunnav vallu 4 different cars drive chestharu pakkana tella neighbours unnaranuko HOA ki evokaranaalu cheppi complaint iche avakasam undi. appudu nuvvu lease rayainchakapothey bhareega penalty paduthundi. 

2. looks like this is not your primary home so nuvvu year end lo taxes file chesetappudu ee house ni Investment (rental) property gaane consider chestharu and income lo 33% capital gain tax kattadaniki ready ga undu. Kontha mandi rental property undi ani cheppar tax file chestappudu taravata IRS vaadu county website nunchi valla details pull chesi Audit vesi bhareega penalty vesidobbuthadu.

3. Stable income gurinchi naaku teleedu kaani, nenu FL lo rents ki istha naaku okka inti meeda $500 kantey ekkuva migaldu. I rent my properties out fully furnished including utilities ,cable and TV each and everything. This is how it works in FL donno abt TX.

4. Lease application lo ne inkoka sheet untundi Inventory list antey nee intlo furniture emundu enti ani mention cheyyi so vallu check-out ayipoyaka inventory lo emanna takkuva ekkuvalu untey telusthundi emanana iragottina pagaldobina Then valla advance lo cut chesukovachu.

5. Last but not the least 4 working ppl dorukutharu easy aa but evadiki eppudu project ayipothundo teleeni situation so 4 lo iddar velipothey malla 2 rents manake bokka. so what I'm saying is oka family ki rent ki ishtey entha vasthundi and 4 working ppl ki rent ki isthey entha vashtundi ani oka lekka vesuko. basica ga aithey oka $400-500 teda untundi anthey but long run lo neeke benefit families rent ki isthey vallu oka 1 yr min untaru and needku stable income untundi. I faced the same problem 3 working ppl ki ichanu and andulo 2 ppl vellipoyaru after 7 months inkokadu inko 5 moinths unnadu aadini undamani analeka vellamani analeka chacha 6 moinths 2 rents brokka padindi. so from then onwards I rent only to families.

6. Always ask your tenants to abide by HOA rules and clearly explain what are you expecting from them. property ni clean ga unchamani cheppu. bugs gatra thesthey vallade responsibility. 

EOD nuvvu

33% capital gain taxes

property taxes 

HOA Monthly maintenence 

House insurance ivvani kattesariki anthemmigaldu 

Inka emanna kavalntey PM me. 

What's HOA

[SA77HI]

13 minutes ago, sameer1384 said:

I am planning to give to working people mostly desis . 

Even if I give each bedroom for 750$ for 4 people. I would make 30004 each month. If I can put two or more people in any month which is profitable venture. 

At the end of the year, my taxes will be less because I have mortgage payment. 
Worst thing ,if it doesnt work out in a year. I am planning to move with a family. If it work outs for 5 years either I will continue or sell . 

Good idea man

[JANASENA]

3 minutes ago, SA77HI said:

What's HOA

Home owner's association

[siru]

21 minutes ago, JANASENA said:

Its a good idea to rent.  

1. Fill the leasing packet do their BG check and submit to HOA. All 4 persons should be in lease. Unless nuvvu cash meeda iddam and paisal migulchukunnadamaukuntey (kontha mandi chesthar ila not generalizing ) nee neighbours desi gallu undedattu choosuko endukantey you're saying 4 working ppl ki rent ki istha antunnav vallu 4 different cars drive chestharu pakkana tella neighbours unnaranuko HOA ki evokaranaalu cheppi complaint iche avakasam undi. appudu nuvvu lease rayainchakapothey bhareega penalty paduthundi. 

2. looks like this is not your primary home so nuvvu year end lo taxes file chesetappudu ee house ni Investment (rental) property gaane consider chestharu and income lo 33% capital gain tax kattadaniki ready ga undu. Kontha mandi rental property undi ani cheppar tax file chestappudu taravata IRS vaadu county website nunchi valla details pull chesi Audit vesi bhareega penalty vesidobbuthadu.

3. Stable income gurinchi naaku teleedu kaani, nenu FL lo rents ki istha naaku okka inti meeda $500 kantey ekkuva migaldu. I rent my properties out fully furnished including utilities ,cable and TV each and everything. This is how it works in FL donno abt TX.

4. Lease application lo ne inkoka sheet untundi Inventory list antey nee intlo furniture emundu enti ani mention cheyyi so vallu check-out ayipoyaka inventory lo emanna takkuva ekkuvalu untey telusthundi emanana iragottina pagaldobina Then valla advance lo cut chesukovachu.

5. Last but not the least 4 working ppl dorukutharu easy aa but evadiki eppudu project ayipothundo teleeni situation so 4 lo iddar velipothey malla 2 rents manake bokka. so what I'm saying is oka family ki rent ki ishtey entha vasthundi and 4 working ppl ki rent ki isthey entha vashtundi ani oka lekka vesuko. basica ga aithey oka $400-500 teda untundi anthey but long run lo neeke benefit families rent ki isthey vallu oka 1 yr min untaru and needku stable income untundi. I faced the same problem 3 working ppl ki ichanu and andulo 2 ppl vellipoyaru after 7 months inkokadu inko 5 moinths unnadu aadini undamani analeka vellamani analeka chacha 6 moinths 2 rents brokka padindi. so from then onwards I rent only to families.

6. Always ask your tenants to abide by HOA rules and clearly explain what are you expecting from them. property ni clean ga unchamani cheppu. bugs gatra thesthey vallade responsibility. 

EOD nuvvu

33% capital gain taxes

property taxes 

HOA Monthly maintenence 

House insurance ivvani kattesariki anthemmigaldu 

Inka emanna kavalntey PM me. 

[BostonBullodu]

15 minutes ago, sameer1384 said:

I am planning to give to working people mostly desis . 

Even if I give each bedroom for 750$ for 4 people. I would make 30004 each month. If I can put two or more people in any month which is profitable venture. 

At the end of the year, my taxes will be less because I have mortgage payment. 
Worst thing ,if it doesnt work out in a year. I am planning to move with a family. If it work outs for 5 years either I will continue or sell . 

Per room ki antha iche vallu unnaraa may be eh generation kids unnaremo.... 

[gudboy]

looks like a waste investment ..plano and frisco lo new home are expensive now..for personal use aithe make sense..

new home bachelors ki rent ki istha ante neeku maintainance doola theeruddi..and they trash your place with weekend parties..

Naku thelisina athanu consultancy owner ilage employess oka intlo pettadu mottam bugs vacchi place antha trash aipoindi..full karchu vachindi athaniki

[SA77HI]

[JANASENA]

14 minutes ago, SA77HI said:

 lol gif

[idibezwada]

BOKKA...Its a hole

[AryaD]

14 hours ago, sameer1384 said:

Is it a good idea to buy brand new home 4bhk individual home and rent to 4 different people for working People in Irving , Dallas Texas area for the next 5 years and want to sell later on . 
Me and my friend want to invest in buying a home 4 bed and 3 bath room single family  or town house and rent working people with furniture .

Do you think it will work out ? Say some pros and cons. We almost decided to go and sign with in a week .I am trying to get different opinions before I step in .

If I buy how can I make sure I will get stable income in that ? I mean how to market and get people always . 

What are the rules and regulations I should set when I give for rent

 

 

You can run a motel in a residential area . If your neighours may complain to authorities and book you under nuisance case. I have seen couple of desi uncles doing the same and neighbors started complained to police .  

[ronitreddy]

One of my friends has chosen a similar route and he landed in profits..He got a 4 BHK house in Houston and he rented it out for 4 bachelors.. 

He pays $1100 as mortgage for which he gets 2000($500*4) in rents..He has been doing this since 2013. All the best

[JANASENA]

9 minutes ago, ronitreddy said:

One of my friends has chosen a similar route and he landed in profits..He got a 4 BHK house in Houston and he rented it out for 4 bachelors.. 

He pays $1100 as mortgage for which he gets 2000($500*4) in rents..He has been doing this since 2013. All the best

Properties range entha untundi baa 4b/3Ba ? 

[Quickgun_murugan]

1 hour ago, SA77HI said:

[Spell_Hunter]

49 minutes ago, ronitreddy said:

One of my friends has chosen a similar route and he landed in profits..He got a 4 BHK house in Houston and he rented it out for 4 bachelors.. 

He pays $1100 as mortgage for which he gets 2000($500*4) in rents..He has been doing this since 2013. All the best

adi temp work out avtademo,nee lekkalo oka 900 pm and 10000 n odd profit make chestadu pa, but just in case house oka 2 rooms vacate aina for 2 months income padipothadi, on tops prop taxes etc, plumbing systemscrew cheyyani desi gaallu (assuming tellollu wouldnt prefer to live like that) ekkado okallu untaaru, so entha contingency unna kuda at sum point band bajaa baraat avthadi mee vaadki. its just too many variables in the equation and he should turn lucky on every turn which is super best case scenario and highly unlikely 

[TampaChinnodu]

15 hours ago, sameer1384 said:

Is it a good idea to buy brand new home 4bhk individual home and rent to 4 different people for working People in Irving , Dallas Texas area for the next 5 years and want to sell later on . 
Me and my friend want to invest in buying a home 4 bed and 3 bath room single family  or town house and rent working people with furniture .

Do you think it will work out ? Say some pros and cons. We almost decided to go and sign with in a week .I am trying to get different opinions before I step in .

If I buy how can I make sure I will get stable income in that ? I mean how to market and get people always . 

What are the rules and regulations I should set when I give for rent

 

 

Dallas lo chaala mandi vuncles doing idi. rents ki rents , future lo home prices perigithe double bonus.