Results 1 to 20 of 20

Property discussion

  1. #1
    Admin's Avatar
    Join Date
    Jan 2006
    Posts
    8,500

    Smile Property discussion

    Do you know its such a great time to invest in properties in US as you can actually get an okish 3 bedroom house for less then $100k in suburban areas and the prices will shoot through the roof in a year or two.
    There is hardly any place left in USA where your mortgage would be higher then the rent income you would get from a house as the rent to price ratio has changed a lot in the last 2 years

  2. #2
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    I realize this. But I have no credit history in US and no one will thus give me any loan. Also I am neither a citizen, nor a H1B or L1A/B or GC holder. I have no bank account here. My visits are purely company business.
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  3. #3
    Admin's Avatar
    Join Date
    Jan 2006
    Posts
    8,500

    Default

    You dont need to be an income tax payer in USA... You just need proof of income and a 25%+ downpayment will actually get you a loan without proof of income.

    But it wont be a good idea to buy a property if you dont have friends or family who can take care of it for you for renting or just keeping it empty

  4. #4
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    No. But I do need a credit history for a loan. After having left USA for good in 1998, I have no crdit history. The credit history during that period was also not too great either.

    And yes. I have no relatives here who can "care" for the property.

    But I have invested in property in Pune. I purchased my second flat in 2004. Here is the picture (floor map):

    Attachment 6090
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  5. #5
    Admin's Avatar
    Join Date
    Jan 2006
    Posts
    8,500

    Default

    Thats such a nice layout I am sure it would cost a fortune to buy such a flat.

  6. #6
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    Rs. ********* all inclusive in 2004. It was a fortune then and still is. But I got it at a good rate (considering the ridiculous prices that exist even now) - Rs. **** per saleable square foot.

    p/s. Saleable square foot includes the total area of the whole building including common area. The formula is as follows:

    Built-up area = carpet area x 1.15
    Saleable area = Built-up area x 1.2
    Last edited by just4kix; 23rd September 2009 at 06:19 AM. Reason: Edited price
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  7. #7
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default Here are some pictures ...

    Living room: perspective 1
    Attachment 6106

    Living room: perspective 2
    Attachment 6107

    Kitchen:
    Attachment 6108

    Master bedroom:
    Attachment 6109
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  8. #8
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    Bedroom (false) ceiling perspective:
    Attachment 6110

    Wardrobe:
    Attachment 6111

    (all pictures taken by crappy camera phone - 2 mp)

    p/s. I do not live here. This flat is rented out. The moveable furniture (sofa, fridge, beds, etc.) belongs to the tenant.
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  9. #9
    Platinum Member Preeti_20's Avatar
    Join Date
    Mar 2008
    Posts
    5,014

    Default

    Nice! The home is so cozy!

  10. #10
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    Thanks. Unfortunately don't live there right now.

    I am cozy living at my current place.
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  11. #11
    Platinum Member Preeti_20's Avatar
    Join Date
    Mar 2008
    Posts
    5,014

    Default

    so you living in US at moment then or there as short business trip!

  12. #12
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    No. No. Oops. I am here on a short trip. Next Monday, I shall be back in Pune.

    I meant my first home (flat) in Pune.
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

  13. #13
    Platinum Member Preeti_20's Avatar
    Join Date
    Mar 2008
    Posts
    5,014

    Default

    oh ok ok!

    Bring back some Dunkin Dougnuts then!

  14. #14
    Platinum Member
    Join Date
    Sep 2008
    Posts
    3,144

    Default

    Quote Originally Posted by Preeti_20 View Post
    oh ok ok!

    Bring back some Dunkin Dougnuts then!
    Dunkin donuts is average,

    Krispy Kreme is the Cadillac of donuts.

    -F

  15. #15
    Admin's Avatar
    Join Date
    Jan 2006
    Posts
    8,500

    Default

    Well if you buy your doughnuts and coffee from Dunkin then I can assure you that some of the profits actually make their way to India

  16. #16
    Platinum Member Preeti_20's Avatar
    Join Date
    Mar 2008
    Posts
    5,014

    Default

    Quote Originally Posted by Punch Farce View Post
    Dunkin donuts is average,

    Krispy Kreme is the Cadillac of donuts.

    -F
    cant say as only tasted Dunkin donuts!

  17. #17
    arak
    Guest

    Default

    hi
    to buy the good property it is required to analyze the market before investment and find the attractive and charming location of the property. while buying the overseas property check and verify all the required documents needed.

  18. #18
    Platinum Member
    Join Date
    Sep 2008
    Posts
    3,144

    Default

    Quote Originally Posted by arak View Post
    hi
    to buy the good property it is required to analyze the market before investment and find the attractive and charming location of the property. while buying the overseas property check and verify all the required documents needed.
    what documents are required to purchase donuts???

  19. #19
    Silver Member NrN Kill's Avatar
    Join Date
    Jul 2009
    Posts
    337

    Arrow

    Quote Originally Posted by just4kix View Post
    Rs. ********* all inclusive in 2004. It was a fortune then and still is. But I got it at a good rate (considering the ridiculous prices that exist even now) - Rs. **** per saleable square foot.

    p/s. Saleable square foot includes the total area of the whole building including common area. The formula is as follows:

    Built-up area = carpet area x 1.15
    Saleable area = Built-up area x 1.2
    :eek1: :wacko:

    :5: What is the total dimension(in feet) of this flat!!!?

  20. #20
    Guardian Angel just4kix's Avatar
    Join Date
    Dec 2007
    Posts
    11,632

    Default

    Quote Originally Posted by NrN Kill View Post
    :eek1: :wacko:

    :5: What is the total dimension(in feet) of this flat!!!?
    Saleable area = 1986 sq. ft.
    *** Never argue with an idiot. ***

    All my useful articles and Guides | My DVDs | My Blu-Rays | My Blogs
    -------------------------------------------------------------------------------------------

Similar Threads

  1. Atteniation and SNR discussion
    By narasimhan1990 in forum BSNL broadband
    Replies: 0
    Last Post: 8th June 2011, 07:59 PM
  2. Property Prices in Mumbai
    By gauviz in forum Investment and Finance
    Replies: 0
    Last Post: 14th March 2010, 05:57 PM
  3. Property prices at New Delhi
    By Preeti_20 in forum Investment and Finance
    Replies: 2
    Last Post: 21st January 2010, 03:41 PM
  4. Group Discussion Tips
    By Rameshjeee in forum General offtopic discussions
    Replies: 10
    Last Post: 27th January 2009, 07:07 PM
  5. Forum Rules discussion
    By just4kix in forum Suggestions and Complaints
    Replies: 23
    Last Post: 20th September 2008, 09:02 PM