Finalizing our New House in America 🏡..Software Engineer Budget!
ฝัง
- เผยแพร่เมื่อ 15 พ.ค. 2023
- Finally, exploring budget house / condo in the USA that middle class Software Engineer can afford!
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Super analysis dude! 🧮
Congratulations bro following from sleeping on floor with just simple mattress then buying a frame for your bed & now getting a house congratulations
My son did it too- in Columbus - Ohio!
Sab udhar ki salary ka kamaal hai 😂
You need to consider 5% vacancy, ~10 % property management, taxes and insurance, 1% repairs for new construction, 5% capital expenses, HOA, etc. for rental property purposes. Right decision. This property is a very bad investment for a rental. Decent for house hacking and good for primary residence.
Its not bad investment, your biggest profit in real estate generally comes from equity pay down and appreciation. You are focused too much on cashflow… I have 14 homes so I feel like I know a thing or 2 but maybe you know something I don’t.
@@karanpatel8910 Yeah, there are different strategies in real estate. I recommend the balanced buff approach where you get +ve cash flow, appreciation, and equity pay down. You seem to have 5 more homes than me; I'm not sure about your strategies, but there is no one-size-fits-all approach! By the way, for young people trying to build up their portfolio, having +ve cash flow helps with DTI and won't make you house-poor.
@@karanpatel8910 This is not a good investment for someone starting out. Not even as a house hack at these prices and rates. I agree that generally profits are from appreciation but that is for someone who has a strong cash position. If for whatever reason, the prices go down and you have bought an alligator, you have a double whammy. I 100% agree with Prakash on this and he definitely seems to know something here.
Because of you i shall start to learn software engineering.
Congratulations for your new house 🎉🎉🎉
Excellent analysis Harnoor. 👌👏Great job
Government of US should thank this guy for advertising and glamourising without any pay! There are thousands of kids who watch his videos and get into the next visa Queue.
Right.😂
Informative…!!!
Subscribed..!!!
He explains very well smart guy
Congratulation🇺🇸
Congratulations 🎉
Congratulations Brother 🎉
Must do due diligence when renting to others. Don't just think $500 profit. Profit may turn to loss, if wrong tenants.
Remember some very Basic %ages and Numbers when you Buy and sell a house. When you buy a house listed for say for $100 (for calculation sake), you will pay 4% min to acquire it by way of fees and stuff. So your acquisition cost is 104. When you sell the house you expenses to sell will add up to 6.75% (6% realtor fee + other items like Title and stuff). To get the $104 back from a sale as your net to break even, the house has to sell for 104 PLUS 6.5%. Lets keep the math simple. The selling price of 110.5 will net you 104 which is break even. In other words to break even your house to appreciate at least 10%.. The longer you hold some expenses to refresh to sellable and attractive state that is another expense. The only thing not factored in is that you lived in teh house and how much you paid monthly to live versus renting snfd the pros and cons.
I’ve never paid a dollar in closing costs when it comes to selling or buying. Have purchased 14 properties
@@karanpatel8910 either you bought distressed or auctioned off or short sale properties. Or are you an agent yourself ? I prefer buying thru an agent as they look into title, lien etc etc.
For a millisecond, I thought you are with Neeraj Chopra
Currently one of the best place for Realestate Investment is Delhi NCR, especially Noida is rocking bcz of upcoming Noida International Airport.
Nice video🎉
Very informative
👆🎁🎊🎊
Congratulations
The song by Tesla was amazing my fav band blue oyster cult
Hey harnoor, what kind of glasses are those? Do they change when you go outside?
Come to Los Angeles. You can get a 1 bedroom for $700,000 with HOA between 500 to 700.
Congratulations.. But isse kahi zyada sunder ghar india mei hai
You r the trueee inspirationnn❤️🧿as alwayssss....keepp postinggg vlogssss givess a good vibee 😌😌💞💞🫶🏻🫶🏻
thank you sis for the information .. greetings friendship
Can you share the excel file with all the calculations?
Can you attach that sheet in description,we will also calculate, Thank you
Please, Is there a possibility of sharing that excel you prepared?
@harnoor can you share this spreadsheet please ? I dropped my plan of buying too btw have you looked at properties in cumming, woodstock etc ?
👆🎁🎊🎊
Maintenance fee and property taxes who will include?
Yepppp
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market
It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in investing. Sometimes we're the only ones stopping ourselves from moving forward b/c of our emotions. With a strong-willed mindset, anything is possible.
I have been thinking about how to grow my reserve by atleast 40% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target.
@@Kim.beneteau You might have heard this before but it’s imperative that I mention it. Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That's why I have been working with “Shannon Marie Walck”and that doesn't make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim .
@@veronica.baker1 Thanks for sharing this.I just looked her up on the web and your advisor looks advanced and experienced. I will write her an e-mail shortly.
Recently bought a house in LA. cost me around 2 million dollars
Will you be able to share the excel sheet
I love all your videos ❤
My son bought a 4 bedroom house for $350000 in Columbus last year!!
Cheaper than Bangalore. In 2.4cr, cannot get a 30x40 built house in semi good locality.
Hi Harnoor. Can you please share the excel file template ?
I request you for please make videos about of what the difference in America v/s India daily expenses monthly expenses and what the difference between America and India "roti kapda मकान" mean food clothes and house, and please make videos on Delhi India salesman salary v/s Americans salesman salary in Indian currency, please make a comparing video between America and India expenses and income
In India I can buy a house twice the size in surat for 1cr and may be same size in Bangalore or Kolkata.
After a long time watching your Content....😊
Unemployed me Watching Harnoor buying home😮
I feel you bhai 😢
@@zquad5513 🥺🥺🥹
Let's start something vai ,let's develop our skills🥲
@@slouchysenpai1970I have skills but still not getting perfect platform
@@nitin_magdum how old are u
Is it worth to come there considering the long duration one needs to wait for green card
You haven’t calculated depreciation bro.
The property will be depreciated also
Good decision not to buy. Renting is a HUGE headache. You have to hope the renter is good and honest. Some renters constantly break stuff and it becomes your responsibility to go on repairing it which costs a lot of money. You also have to repair within a short period of time which means you need to have time on your hands to coordinate with the repair technician. Tenants may come and go and you cannot be sure the next tenant will be as good or as bad as the first. Even if you hire a property manager, they may be looking to make extra commission for themselves and get into repairs that are not needed. In summary, unless you want to quit your full time job, buy 6-7 houses, and make this your full time job, do not get into renting. You made a good decision.
I think rent will go up . Since more inflation. Go for it
bro, can you share that excel sheet?
in condos there is no bedroom on ground floor😊
Hey Bro , I am planning to Buy Tesla Car in UK , Can you Please make videos on Tesla Maintenance cost per year or month. Your feedback Positive / Negative etc.
hey harnoor can I get that excel sheet? please
Make a separate channel for finance like (finance with singh) 😅
Yes 👍
Harnoor bhaiya sabse jyada IIT ke peeche pade rahte hai 😂😂😂
😂
@@itzgoodeditz tu bhi to tha par tujhe nai mila lagta
@@aakashchari600 chutiye iss baar Mera advance hai 4 Tarik ko pagal hai tu Bina Jane bol deta hai
Can you please share the excel sheet ?
sure! docs.google.com/spreadsheets/d/12tXcgEAdoV56Zo4vtvhfTwuA28TRAHg5/edit?usp=share_link&ouid=114458848888473609618&rtpof=true&sd=true
Never buy under HOA. It's a nightmare.HOA fees will be out of control in year or two. Lots of hassle. Learn from lessons.
Hey Harnoor can you make a video on healthcare in USA?
AS THERE is no free healthcare in US like in Canada, Australia?
So how people manage that?
There's no free healthcare in those countries. You pay taxes way more there. And in the US, if you've a job, then your employer gets you the health insurance.
@@awesomedude4428 - So you pay taxes in US too and your employer might not get you the best insurance (which saves HIM money), your options can be limited. What if you lose your job ? - Have you thought of those scenarios ? Also what if your insurance is crappy and a medical emergency is not covered ? Have you thought of this -- don't spit out some BS logic.
Also a f1 student here who’s about be on green card. Thinking about investment property, that spreadsheet looks very helpful, can you share? Thanks!
there are tons of rental property calculators online
Please please, get an INDEPENDENT HOME INSPECTION! Have seen so many defects even with "NEW BUILDS"
Harnoor..make lndias first OPERATING SYSTEM OR PLAYSTORE OR OFFICE SOFTWARE
Bhai same more vlogs 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Property tax always go up just like rent always go up.
How about the months the condo is vacant, how about re-renting and listing and renting agent commissions. Maintenance and repairs, please accommodate these factors.
Also hope this has a good school district, if not tenants will not be great and might lead to tensions and evictions
yeah, the other guy pointed out the same thing. absence of school district and other amenities like restaurants will result in less rental income.
You have a new friend and partner in TH-cam.
Good call on the final decision. Nvidia stock might give better returns. :D
If you want good real estate appreciate, always buy in good school district
hey what was the location of that house ??
How much would this similar house cost in Washington dc
Bhai "T-shirt copy kia" vala clip aapne pichle 'how richest indian live' se copy kia aur ye humne bade acche se notice kiya 😂😂😂
but great video nd research about real estate. love your videos !!😀
Property Tax was missing?
why dont you invest in commercial land ?
Bro app development or ml whixh is good for career
Can we make you tube videos on work visa?
We need more aryender bhai
People don't have any knowledge about real estate investment. If HOA goes up then you have to pay the increased price. HOA goes up almost every year. 300K base price doesn't mean that you get the house for 300k. When they say they sold 6 houses in one week don't believe that. Only good think is USA is not building enough houses to keep up to the demand so house prices will keep going up so for future it will be a good investment.
Have you facts right brother . Most of the HOA wont allow rooms to be rented individually . Also if you are expecting 2400 rent for 3000 investment thats not going to happen. New homes you pay high price for it being new. Also when you put all the numbers in Excel like vacany , repairs etc nothing in any market works. bigger pocket( book) numbers and reality are different .
It it's like $600 profit from day 1 , won't everyone save 15-20k and get their own apartment and buy their own condo why would anyone rent?
I purchased a 2BHK in south Delhi at 2 Crore rupees.
Badhai ho
He is not purchasing it in a posh area ........ on the other hand you purchase in the heart of the country so..................
India ka bay area ha .
@@mugiwara_ agla flat Hyderabad me lunga
@@sr-xd8jb where ? I am from Hyderabad only...
My father owns multiple apartments here in the city..........you can contact me
Make video on undergraduate student
where are these houses? what state
What about location? Where is
Hey bro can you share the excel sheet link
👆🎁🎁🎊🎊
can you pls share the excel?
docs.google.com/spreadsheets/d/12tXcgEAdoV56Zo4vtvhfTwuA28TRAHg5/edit?usp=share_link&ouid=114458848888473609618&rtpof=true&sd=true
for INDIA stock market is 16%
300k$ for a new house too good , here in Australia struggling to get a second hand house for 600k$
In USA, it's cheap as they earn more in salary in USA and US$ rate
This house is in which state?
Location please
Where is this house located? I m also looking to buy
Please do videos in English or add subtitles
subtitles will be up soon sorry for delay
Brother Singh when will you sing?
Which location is this in Atlanta area? Which city?
What about property tax
Which city did you get a house for 300,000$ in USA.I live around NYC for 6 yrs now and forget buying apt in NYC because its in Millions. Houses around New york city suburbs are not under 500,000$ which is after 2000 year built. Plus the property tax is 2% of house value annually. I think you should give complete picture. California is even more expensive... if you are in Texas or Florida then people don't have high income as compared to big cities like NY/SF.
Can you share excel
Wheres the location brother?
What happened to prime location
I am your subscriber .I like your life in India and Us
which city/state??
Nice Sir.par ese house buy karne ke liye USA mein kitne Dollar lagte he Sir.
Million dollar me hote he kya
👌
15:08 - *Harnoor, check this document you've mistakenly posted - what is this ?*
Bhaiya , i want to start app development .. and i m confused between native and cross platform , this is huge confusing moreover i am not getting a good resource also , i know you are a app developer no one can give me good suggestion except you :) pls help:)
Bro he jo house he atlanta Georgia per hea keya
Is that goolden boy neeraj chora😅
@harnoor excel calculation sheet share karoge plz?