For home buyers and investors

[ranam_007]

21 minutes ago, LungiLingaraju said:

Asal how will they know if it is primary or secondary ??

based on the date you brought the home and buying new one. mari camera petti choodaru

[ttr2tr]

19 hours ago, Undilaemanchikalam said:

Na friend apply cheysae oka Manchi investment and housing idea ni share cheydham anukuntunna, I found it useful and want to apply in my life too..

Just for an fyi, for those who don’t know,  investment property needs 20% minimum down payment and in most cases 25% down payment.

Friend bought his primary home of 3100 sft about 4-5 years back. Tried to settle down couple years and saved some cash. He rented this and bought another home as primary residence (down payment 8%), stayed here for 1 year, rented it again and bought another home and stayed there for 1.5 year and now bought another home as primary residence.

now he has 3 investment homes and 1 primary home. Bottom line enti antae, chala mandi investment antae 20-25% down payment kavali anukuntaru but it’s not. For Most of us to save $100-$200k towards down payment is a challenge. You can use this idea to build your equity.

moving is challenge ani andharu antaru, but nothing comes easy. E 5 years lo vadu down payment cheysindhi, $200k but after loan if he sells all the properties he would end up $600-$700k in profit because of appreciation. Ey job cheysthae 5 years lo antha save cheyagalamu.

I am not saying or recommending someone to buy a home buy instead asking to not emotionally tie up to a home, try investing and build in equity.

😃 idi 20 years nundi andaru chesthunade kada, neeku ipude telisindanukunta.

btw 200k pay chesindante chaala ekuva chesindu, primary home ki 5% maatrame katochu ani mee friend ki telvadanukunta. Profit lekka vesinav kaani daaniki tax katedi marchipoyinavanukunta

[LungiLingaraju]

2 hours ago, ranam_007 said:

based on the date you brought the home and buying new one. mari camera petti choodaru

I bought a house 6 years ago .. can I buy another for investment but rent it out ? 

[Manishican]

In a low interest rate environment you can buy reits on margin and get similar benefit without the risk of managing tenents

[ranam_007]

48 minutes ago, LungiLingaraju said:

I bought a house 6 years ago .. can I buy another for investment but rent it out ? 

you can rent that 6yrs old house. buy new one as primary home it is good. if you buy directly investment home you need to pay high down payment