Hi Friends, Sorry for made a small mistake on the calculation, we didnt calculate the extra utility, HOA, insurance on the yearly basis, we have corrected and uploaded the spread sheet on the below link... The final calculation is rental home we will lose -$206k and own house is -24K , still we have profit in own house around 182K... drive.google.com/file/d/18tBCheMMDt_oZE7na01llAp6LRnk2CcQ/view?usp=sharing
Great video Prem & Arthi, the utilities and HOA you calculated show monthly amount and not yearly. It should be avg $4800/year. Please update that and show the calculations.
Good informative guys upload next video about if the person owns house but they need to go india or visa denied what are the options with out selling and how to rent that property Thanks in advance 😊
Gdmng🇺🇲..Wow...wow...pakka planning and detailed chart..👍 ipdi ellathukume paathu paathu selavu panni kudumbam nadathina Happya probs illama vaazhalam... calculating romba avasiyam. at present naadum,vilai vaasium irukum sitchuvationku..very informative prem&arthi🙌🙌👍👍..nanga Chicago Naperville Illinois la irukom.plan to buy 🏠..thanku so much..Tk cr.tk more cr on ur kids and ur parents..stay safe..🙌🙌
Thank u 🙏 Naperville is a good place We have visited during our chicago trip Temples are nearby and lot of Indian restaurants too Seems lot of Indian community in naperville Good choice Congrats 🎊
@@ArthiPrem yes ... fairways la irukompa..son famlyoda..very very beautiful and too much green trees &lot of open spaces fully covered with grass👍👍..amaidhiya iruku...soopr area..tkcr pa..
Hi Arthi Prem u both r giving lot of information about USA visa issues, cost of living, insurancel. Really great job. Good luck. My aashirvaadams to ur family. Pl take care of u all during this covid situation. 👍👍👍
Nice video. Is it better to buy home in H1 visa without EAD approval. Can you outweigh the risks in any video vs staying in rental home for years awaiting GC.
Good info Arthi and Prem. You can do another video on how to rent out the home using property management and manage the home even if we move back to India after 5 or 8 years.
Why ask sorry brother , You too doing the best thing for us and You don't believe this is ours 13th year of living in USA still in Rental home , This info is so informative and useful the people like to think how much we lost
Thanks sister for your kind words What u said is true , people are thinking we can invest the extra mortgage amount into some other investments which can yield faster but if we are staying 15 years in rental home and do the calculation again then we came to know how much we have invested and earned vs house price and moreover after 15 years the house became fully yours, so you can convert as a rental property too... Last but not least if its the own house we could get more space and more activities to do within our home itself
Hi bro It depends bro if u are having itemized deductions are more than the standard deductions you can get the benefits out from interest tax exemption Else there is no effect During trump period government raised the standard deductions amount and most of the time we are using standard deductions
Consider one more item if you have extra money when you are in rental, you will inest that money in other business or buy something in india..if it gets apprciate how it will be do we need consider that as well right
Hi Bro, Buyer need to pay private Mortgage Insurance (PMI) if they didnt pay 20% of the home value. The average range for PMI premium rates is 0.58 percent to 1.86 percent of the original amount of your loan. So, you need to calculate principal + Interest + PMI + property tax for your EMI
Good point sister.. I should do it and should consider 20% down payment for example and show the calculation... my bad , as per the calculation i didnt consider down payment .. If the buyer didnt pay 20% of the house value as the down payment then they have to pay private mortgage insurance (PMI) monthly till the 20% reached.... Thanks for asking
Hi Friends, Sorry for made a small mistake on the calculation, we didnt calculate the extra utility, HOA, insurance on the yearly basis, we have corrected and uploaded the spread sheet on the below link... The final calculation is rental home we will lose -$206k and own house is -24K , still we have profit in own house around 182K...
drive.google.com/file/d/18tBCheMMDt_oZE7na01llAp6LRnk2CcQ/view?usp=sharing
You have calculated the rental for 9 months instead of 8 months.
But it’s a very good analysis and useful
Thanks for mentioning bro
I will update and share the link
Good analysis. Another factor that can't be justified in the calculation is the comfort that one would have with single family home.
Very ture bro.. Not only the comfort , also the happiness which bring to the entire family and eventually which creates the positive vibes ..
Great video Prem & Arthi, the utilities and HOA you calculated show monthly amount and not yearly. It should be avg $4800/year. Please update that and show the calculations.
Hi Bro, Thanks for mentioning , I have corrected and uploaded, drive.google.com/file/d/18tBCheMMDt_oZE7na01llAp6LRnk2CcQ/view?usp=sharing
மிக அருமையான ஆலோசனைகள்
நன்றி
Good & Informative . A tip, When showing screen ZoomIt app might be helpful to zoom and annotate on key points!
Awesome tips bro
Definitely i will try
👏👌🏻.Both of u matching matching
Thanks sister 😊
Good informative guys upload next video about if the person owns house but they need to go india or visa denied what are the options with out selling and how to rent that property Thanks in advance 😊
Good analysis bro. Thanks for letting us know each component while buying home 🙏
Thanks for your comments bro 👍
Gdmng🇺🇲..Wow...wow...pakka planning and detailed chart..👍 ipdi ellathukume paathu paathu selavu panni kudumbam nadathina Happya probs illama vaazhalam... calculating romba avasiyam. at present naadum,vilai vaasium irukum sitchuvationku..very informative prem&arthi🙌🙌👍👍..nanga Chicago Naperville Illinois la irukom.plan to buy 🏠..thanku so much..Tk cr.tk more cr on ur kids and ur parents..stay safe..🙌🙌
Thank u 🙏
Naperville is a good place
We have visited during our chicago trip
Temples are nearby and lot of Indian restaurants too
Seems lot of Indian community in naperville
Good choice
Congrats 🎊
@@ArthiPrem yes ... fairways la irukompa..son famlyoda..very very beautiful and too much green trees &lot of open spaces fully covered with grass👍👍..amaidhiya iruku...soopr area..tkcr pa..
Hi Prem...very useful video...if you could share the excel sheet which used for calculation wouldbe great. Thanks.
Hi Arthi Prem u both r giving lot of information about USA visa issues, cost of living, insurancel. Really great job. Good luck. My aashirvaadams to ur family. Pl take care of u all during this covid situation. 👍👍👍
Thank You .. Always your words are motivating a lot
Nice video. Is it better to buy home in H1 visa without EAD approval. Can you outweigh the risks in any video vs staying in rental home for years awaiting GC.
This video was Very useful bro, thank you
Thanks 🙏
Good info Arthi and Prem. You can do another video on how to rent out the home using property management and manage the home even if we move back to India after 5 or 8 years.
Good topic bro
Definitely will do
@@ArthiPrem Thanks
Why ask sorry brother , You too doing the best thing for us
and You don't believe this is ours 13th year of living in USA still in Rental home , This info is so informative and useful the people like to think how much we lost
Thanks sister for your kind words
What u said is true , people are thinking we can invest the extra mortgage amount into some other investments which can yield faster but if we are staying 15 years in rental home and do the calculation again then we came to know how much we have invested and earned vs house price and moreover after 15 years the house became fully yours, so you can convert as a rental property too...
Last but not least if its the own house we could get more space and more activities to do within our home itself
@@ArthiPrem Yes Just got our GG EAD , searching for home with back yard and lot of space and and my own
pool as well
Awesome sister
Congrats for EAD
And advance congrats for your new home 💐
மிகஅருமை👏👏👏🙏
nandri
There is also rental insurance for rental house. Around $1000 for 8 years. Also there can be tax benefit for the interest amount paid on mortgage loan
Hi bro
It depends bro if u are having itemized deductions are more than the standard deductions you can get the benefits out from interest tax exemption
Else there is no effect
During trump period government raised the standard deductions amount and most of the time we are using standard deductions
Consider one more item if you have extra money when you are in rental, you will inest that money in other business or buy something in india..if it gets apprciate how it will be do we need consider that as well right
Yes you are correct 👍👍👍
Hi, If I do less down payment for example keep 20000 dollars for 3 lakhs house. What will be the emi. Can you explain about that in a video?
Hi Bro, Buyer need to pay private Mortgage Insurance (PMI) if they didnt pay 20% of the home value. The average range for PMI premium rates is 0.58 percent to 1.86 percent of the original amount of your loan. So, you need to calculate principal + Interest + PMI + property tax for your EMI
We will be paying down payment right?
Any tax savings on the interest we paid for home every year. Please clarify
Hi Prem, By mistake you added the 9th rent amount too.. please update
Hi bro
I didnt add the amount
Just dragged the value alone.. though spread sheet having the 9th year , total amount didnt include the 9th year amount
Nice attempt Bro.
Thank u bro 🙏
Apadiyea konjam andha india dropbox appointment pathi konjam solunga bro… i got my family back there for dropbox appointment and am here
Many from california are moving to Texas area because of WFH.
Yes bro
That is the nee trend now.. taking wfh option and living in the low cost area
You have taken 400000$ as mortgage amount. What about down payment? Have you accounted for this?
Just for clarification
Good point sister.. I should do it and should consider 20% down payment for example and show the calculation... my bad , as per the calculation i didnt consider down payment ..
If the buyer didnt pay 20% of the house value as the down payment then they have to pay private mortgage insurance (PMI) monthly till the 20% reached.... Thanks for asking
Good video
Thanks 🙏
Nice
I think you already have one or two videos with a similar topic, isn’t it ?
Hi bro
The last video discussed about the expenses and this video Is discussed about the savings with a calculation added more detailing
❤️❤️❤️❤️❤️
😍
Good info.. Can you share the excel pls??