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Housing correction is possible because of Noob Investors - example

Sonu_Patel

By Sonu_Patel
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Sonu_Patel

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Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

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megadheera Celebrity

megadheera

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2 minutes ago, perugu_vada said:

covid times lo couple idharu 2 jobs chesaru chaala mandi .. they have invested money on houses and stocks left-right-top-bottom .. 

malli ‘they’ ani refer cheyatam enduku uncle..adi nuvve ani @Sucker uncle db motham kodai kusthunnadu

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Ravi860

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5 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

Rent ki mortgage ki calculate cheskuntunnava e market lo… nuvvu konnatle uncle Inka 

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HER0

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Posted
9 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

Everyone buying with cash like you 

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perugu_vada LEGEND

perugu_vada

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4 minutes ago, megadheera said:

malli ‘they’ ani refer cheyatam enduku uncle..adi nuvve ani @Sucker uncle db motham kodai kusthunnadu

my wife dont work uncle .. she takes care of house and my daughter 

neney mood ochinapudu 3 months alaa 2nd job chesthuu unta anthe .. to stay technically relevant .. 

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HER0

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11 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

Uncle these houses only 400-500K 

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yemdoing

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Posted
15 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

patela you are making lot of assumptions here 

 

Property Tax(1%): $6300 -- is it just 1% ?

HOA: $270-- seems very low for a town home in ATL,$450 seems reasonable 

Home Insurance: $1500-- again very low, may be new home kabatti. Real insurance pain starts after few years.

 

How do you know they bought with 7.5% rate and with 20% down ?

investment homes ki mari basics lekunda kontunnara ? I don't think so . May be they took a ARM rates with very low interest rate for now and 5% down. and planning flip the home as soon as they are sure of some profit . In the mean time renting it 

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Pavanonline Celebrity

Pavanonline

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Posted
42 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

inkendi mari okati koni mammalni vadiley

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manadonga Celebrity

manadonga

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43 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

Anna nuvvu dallaspuram kada mari atlanta chustunavu enti anna 

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Funkops

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Posted
49 minutes ago, Sonu_Patel said:

Telugu tammullu buying townhomes in suburbs for $630k - 640k and putting on rent for around $2990 .. details loki velithey...

Home value: $630000

Down Payment(20%): $125,000

Interest rate: 7.5%

Property Tax(1%): $6300 

HOA: $270

Home Insurance: $1500

Total Monthly Mortgage Payment: $4444

Asking rent: $2990

whoever is managing this property is straight loosing $1450 every freaking month. Idem logic less investing ra mowa.. This is one of the parameter for housing market correction and eventually they end up putting homes in market for sale or loose money.

links: 

https://www.zillow.com/homedetails/1247-Winterhaven-Dr-1247-Cumming-GA-30041/2056023637_zpid/

https://www.zillow.com/homedetails/1246-Winterhaven-Dr-Cumming-GA-30041/2057569212_zpid/

https://www.zillow.com/b/5965-west-dr-cumming-ga-BSh8FS/

They are not losing. They remaining money they build the equity.

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Sonu_Patel Hero

Sonu_Patel

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1 hour ago, megadheera said:

They are buying with cash anna nee laage

still logic less anna.. 630k oorikey saving account lo ekunna 5% and average ga $2600 per month vastadi anna.

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