Finalizing our New House in America 🏡..Software Engineer Budget!
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Published 2023-05-16
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All Comments (21)
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Super analysis dude! 🧮
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Congratulations bro following from sleeping on floor with just simple mattress then buying a frame for your bed & now getting a house congratulations
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Because of you i shall start to learn software engineering.
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Congratulations for your new house 🎉🎉🎉
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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.
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Excellent analysis Harnoor. 👌👏Great job
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Informative…!!! Subscribed..!!!
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He explains very well smart guy
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Congratulations 🎉
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Congratulation🇺🇸
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Must do due diligence when renting to others. Don't just think $500 profit. Profit may turn to loss, if wrong tenants.
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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.
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Nice video🎉
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Congratulations
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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.
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Very informative
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Congratulations Brother 🎉
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The song by Tesla was amazing my fav band blue oyster cult
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Come to Los Angeles. You can get a 1 bedroom for $700,000 with HOA between 500 to 700.
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thank you sis for the information .. greetings friendship
