Finalizing our New House in America 🏡..Software Engineer Budget!

[@prakashyaji]

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.

[@karanpatel8910]

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.

[@prakashyaji]

​@@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.

[@IyerSpeaking]

@@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.

[@Yes_Im_Adarsh]

Congratulations bro following from sleeping on floor with just simple mattress then buying a frame for your bed & now getting a house congratulations

[@sangeetanandury707]

My son did it too- in Columbus - Ohio!

[@jagroopsingh001]

Sab udhar ki salary ka kamaal hai 😂

[@mrnabby4178]

Because of you i shall start to learn software engineering.

[@Jam.S.]

Super analysis dude! 🧮

[@praveen.prasad330]

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.

[@jagroopsingh001]

Right.😂

[@atharvapawar007]

Bro make a video on the process of getting a green card by marrying a us citizen please...I'm not trying to offend you

[@Arthsinghnita]

Pehli uski toh ho jane de😂

[@AravindAravind-wu1xt]

So u are going to marry an us citizen for the purpose of getting green card ?

[@user-zw1pd8rm6e]

Tereko yaha ki ladkiyan bhaw nahi deti vaha ki kya he dengi.

[@Understorm69]

Lol😂

[@Understorm69]

How cheap thinking

[@niminimu1]

YOUR VIDEOS ARE GREAT EDUCATION !! THANK YOU SO MUCH... YOU KNOWLEDGE IS HELPING SO MANY LIVES .... GOD BLESS YOU

[@aman.vashisht]

For a millisecond, I thought you are with Neeraj Chopra

[@Padminimusunuri]

He explains very well smart guy

[@swatisangvikar]

Excellent analysis Harnoor. 👌👏Great job

[@cookmaster3626]

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.

[@karanpatel8910]

I’ve never paid a dollar in closing costs when it comes to selling or buying. Have purchased 14 properties

[@AK-iw3zw]

@@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.

[@pranitflora9482]

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.

[@ajaykotecha]

Must do due diligence when renting to others. Don't just think $500 profit. Profit may turn to loss, if wrong tenants.

[@rayray9996]

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.

[@patman9470]

Remember, Those who are bragging about their big houses in the US do not tell the real picture! You put 10% down and buy the home you can qualify for same goes for any luxury car. There are lots of other hidden fees involved. Maintaining a home in the US is not the same as in India. A Plumber would charge anywhere between $125 just to show up and give you an estimate. One needs 10 times more salary in the US vs India to maintain the same lifestyle so if anybody is bragging about their six-figure income in the US to their friends/relatives in India are probably living like some middle-class family in India. A $100K/annum salary is nothing in the US these days!!

[@bhaktinsargam]

hey harnoor nice video can u plz share the link to the spreadsheet that you have created. thanks

[@jp3552]

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.

[@GYANTheKnowledge]

Congratulations.. But isse kahi zyada sunder ghar india mei hai

[@NILESHPATEL-ew1xx]

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.

[@I-Khan75]

Informative…!!! Subscribed..!!!

[@FunnyFitnessMotivation]

Congratulations for your new house 🎉🎉🎉

[@sr-xd8jb]

I purchased a 2BHK in south Delhi at 2 Crore rupees.

[@rajeshdixit6528]

Badhai ho

[@mugiwara_]

He is not purchasing it in a posh area ........ on the other hand you purchase in the heart of the country so..................

[@superfluous5162]

India ka bay area ha .

[@sr-xd8jb]

@@mugiwara_ agla flat Hyderabad me lunga

[@mugiwara_]

@@sr-xd8jb where ? I am from Hyderabad only... My father owns multiple apartments here in the city..........you can contact me

[@way2techworld54]

Make a separate channel for finance like (finance with singh) 😅

[@dipteshbasak4810]

Yes 👍

[@itzgoodeditz]

Harnoor bhaiya sabse jyada IIT ke peeche pade rahte hai 😂😂😂

[@helalhx3460]

😂

[@aakashchari600]

@@itzgoodeditz tu bhi to tha par tujhe nai mila lagta

[@itzgoodeditz]

@@aakashchari600 chutiye iss baar Mera advance hai 4 Tarik ko pagal hai tu Bina Jane bol deta hai

[@PSPS437]

Please, Is there a possibility of sharing that excel you prepared?

[@DivyaSingh.1]

Congratulations 🎉

[@joyjit_roy]

15:08 - *Harnoor, check this document you've mistakenly posted - what is this ?*

[@ashwanisingh7077]

Congratulations Brother 🎉

[@nitin_magdum]

Unemployed me Watching Harnoor buying home😮

[@zquad5513]

I feel you bhai 😢

[@nitin_magdum]

@@zquad5513 🥺🥺🥹

[@slouchysenpai1970]

Let's start something vai ,let's develop our skills🥲

[@nitin_magdum]

@@slouchysenpai1970I have skills but still not getting perfect platform

[@slouchysenpai1970]

@@nitin_magdum how old are u

[@indianoriginal6982]

Currently one of the best place for Realestate Investment is Delhi NCR, especially Noida is rocking bcz of upcoming Noida International Airport.

[@whiteroommenace]

Inflation in india vs rental yield is not as great as us.

[@SSingh-nb6kq]

Maintenance fee and property taxes who will include?

[@ayeangad]

Hey harnoor, what kind of glasses are those? Do they change when you go outside?

[@abhibt]

Cheaper than Bangalore. In 2.4cr, cannot get a 30x40 built house in semi good locality.

[@JiyanaKhan-x5b]

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.

[@taralshah100]

Brother Singh, you should have known it by now that whatever you r or u do, you are still a second class citizen, in US. My 34 years of experience.

[@sujalshah4726]

You r the trueee inspirationnn❤️🧿as alwayssss....keepp postinggg vlogssss givess a good vibee 😌😌💞💞🫶🏻🫶🏻

[@grovevishal]

@harnoor can you share this spreadsheet please ? I dropped my plan of buying too btw have you looked at properties in cumming, woodstock etc ?

[@usernameSinghinUSA2-iu1in]

👆🎁🎊🎊

[@RahulSharma-rm1dt]

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

[@kushisharma5228]

Never buy new! Only foreclosures you can make 100k on day one. I have 60 homes in Florida! I can help you! You are very new! Need to learn a lot👍

[@ShivamVerma_18]

What is your age btw ?

[@prakashtiwari8003]

God damn, 60 homes, really? Are you property dealer or realtor?

[@mugiwara_]

Tf serousy ? dont joke

[@mugiwara_]

@@swarajthapa5798same I have 100 bungalows in San Fransisco Bay area

[@abhikalash8330]

Congratulation🇺🇸

[@asikbhakta7735]

Nice video🎉

[@letsrock6992]

Come to Los Angeles. You can get a 1 bedroom for $700,000 with HOA between 500 to 700.

[@desibanda3409]

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 .

[@djthakkar007]

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?

[@Ethan_here230]

Recently bought a house in LA. cost me around 2 million dollars

[@tanmaymishra5735]

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?

[@awesomedude4428]

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.

[@nishantthaccker1173]

@@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.

[@MsPrakul]

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

[@CinnamonStickk]

yeah, the other guy pointed out the same thing. absence of school district and other amenities like restaurants will result in less rental income.

[@rohandattani6849]

Very informative

[@usernameSinghinUSA2-iu1in]

👆🎁🎊🎊

[@ahsaasbajaj5239]

Can you share the excel file with all the calculations?

[@rohittalwar5602]

Harnoor..make lndias first OPERATING SYSTEM OR PLAYSTORE OR OFFICE SOFTWARE

[@An0nym0u5Snake]

In India I can buy a house twice the size in surat for 1cr and may be same size in Bangalore or Kolkata.

[@whiteroommenace]

No Bangalore the price good for a 3bhk only.

[@mohit4u007]

But you wont get what he will get there in USA?

[@whiteroommenace]

@@mohit4u007 it depends upon how much of a financial security you have .. . . . Ultimately it gives you growth but risks like health and safety as well. Perhaps what people compare wrongly are India vs us and not US vs other developed nations. If a senior director of a top 10 Nasdaq org still needs to visit his home country for quality health check up and surgery (not Indian btw) , then the risks are to be considered

[@mohit4u007]

Cycle pe commute kerna accha lagata hai, tesla kyu li hai?

[@AsrAsr-y5b]

Saab wood kaye ghar -fire😂😂😂😅😅👍✌🏼🤏👌👍🏻✌️🤙👎

[@mohammedalisaiyed3915]

Can you please share the excel sheet ?

[@SinghinUSA]

sure! docs.google.com/spreadsheets/d/12tXcgEAdoV56Zo4vtvhfTwuA28TRAHg5/edit?usp=share_link&ouid=114458848888473609618&rtpof=true&sd=true

[@hoslabara2703]

Nice Sir.par ese house buy karne ke liye USA mein kitne Dollar lagte he Sir. Million dollar me hote he kya

[@veronica.baker1]

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.

[@james.atkins88]

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

[@edward.abraham]

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.

[@Kim.beneteau]

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.

[@veronica.baker1]

@@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 .

[@Kim.beneteau]

@@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.

[@darshanboss9676]

Hi Harnoor. Can you please share the excel file template ?

[@777shorya]

The song by Tesla was amazing my fav band blue oyster cult

[@kashmirakatkade-bakshi]

Good call on the final decision. Nvidia stock might give better returns. :D

[@ab_vivek]

can you pls share the excel?

[@SinghinUSA]

docs.google.com/spreadsheets/d/12tXcgEAdoV56Zo4vtvhfTwuA28TRAHg5/edit?usp=share_link&ouid=114458848888473609618&rtpof=true&sd=true

[@agniva3788]

Congratulations

[@anantalamichhane6954]

bro, can you share that excel sheet?

[@FulanaFulanaFulana]

Nope, please you DO NOT want to be attached to another home. Walls are paper you will hear everything!! Parking will be horrible as you can only fit 1 maybe 2 cars.

[@armaanharyana6261]

You haven’t calculated depreciation bro. The property will be depreciated also

[@aftabhaque5583]

I think rent will go up . Since more inflation. Go for it

[@abhinavverma3536]

Can you attach that sheet in description,we will also calculate, Thank you

[@umerfarooq3121]

If you said there is no restaurant and a good school there, why dont you make one?

[@JatinGera]

Property Tax was missing?

[@syedirfanali7295]

Is it worth to come there considering the long duration one needs to wait for green card

[@hitesh5]

Why would you wear shoes/ sandals on the carpet of a new house?

[@usernameSinghinUSA2-iu1in]

👆🎁🎉🎁🎊💯

[@ankushthakur2953]

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.

[@PraveenSharma-rz1tg]

Can we make you tube videos on work visa?

[@jaypatel4256]

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 !!😀

[@hkmseries8275]

300k$ for a new house too good , here in Australia struggling to get a second hand house for 600k$

[@ajayg9077]

In USA, it's cheap as they earn more in salary in USA and US$ rate

[@toufikemroj]

After a long time watching your Content....😊

[@lakmac1236]

That would be mortgage fraud if you are renting from the get go. U r supposed to stay in for 2 years min

[@ilovecan3116]

Ye video ko dekh kar pata chal jaata hai 2 baat 1. India main Talent ki Zara bhi value nhi hai ....ya crore yrs se chalte aa rha hai Aisa lagta hai 2. We will never be able to get this type of living for middle class Indians ever in metro cities. Accha hai sab usi country choose karke jaate hai jaha talent and hardwork ki value hoti hai...that's why majority people want to go abroad

[@AdityaKumar-k9j5z]

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:)

[@kamalzaveri4089]

Nice decision. You're extremely calculated person 🎉. Hello Harnoor pls let me know about your eyeglass Transition glass company or brand name it is extremely fast transition white to dark. If you answer so iam so oblige.

[@princenoahjohnson3153]

Please do videos in English or add subtitles

[@SinghinUSA]

subtitles will be up soon sorry for delay

[@srnfcb2965]

hey what was the location of that house ??

[@divyangpatel3573]

Hey bro can you share the excel sheet link

[@usernameSinghinUSA2-iu1in]

👆🎁🎁🎊🎊

[@thebroadcastTV7]

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!

[@mitanshuchaudhari6318]

there are tons of rental property calculators online

[@pamrihal2770]

Hi dear..this is pam from italy..can i know which city is this?

[@pjsudharshan]

Imagine you buy a house and then get kicked out of US (could be because of getting fired, etc). Without Green card or US citizenship, its too risky to buy a house there. Unfortunately, you can't get a visa based on ownership of a house

[@him6683]

If thats the case, u can sell the house

[@pjsudharshan]

@@him6683 c'mon once you get fired you have 3 months to find a new job or you have to leave the country. You think in three months, you will be able to find a buyer so that it's profitable for you and finish all the paper work and transfer the money to India?

[@him6683]

@@pjsudharshan its not necessary for the owner to be there to sell the house. Any of ur acquaintance/friend/relative can also fill in and do the selling process.

[@nishantthaccker1173]

@@pjsudharshan - You get 60 days to either find a new job or pack up. But remember Harnoor case is different as he has the other option so he don't need to worry!

[@IyerSpeaking]

@@him6683 An assured way of losing money on a house is a fire sale. In general, the cost of selling a house is roughly 8% of the sale price. So unless you have more than one way to hold it and multiple exits, don't do it.

[@bellavis]

If you want good real estate appreciate, always buy in good school district

[@kr7584]

If you had even one bedroom and one full bath downstairs add 100- 150K at least. The more amenities the community adds, the higher will be the HOA. That number could climb easily in a few years as more phases of the property gets built and sold.

[@I.RANAVINAY]

As a indian ,i am very proud that in your house our tiranga 🇮🇳 is there .. jai hind.🇮🇳❤️

[@aniruddh1507]

you're weird

[@aek12]

Well it is a sign of slavery. Because we are not developed as America. He is slaving himself in pursuit of Great standard of living that america provide. So Indian man can be easily bought by america.

[@aslamahamed6184]

When in india he may have never seen a tiranga i believe ab USA may migrant ho kay india ki yaad aah rahi hai.

[@FulanaFulanaFulana]

Please please, get an INDEPENDENT HOME INSPECTION! Have seen so many defects even with "NEW BUILDS"

[@chh1047]

This house is in which state?

[@azhakathintevikurthikal5002]

What about property tax

[@Games-xu6fh]

How much would this similar house cost in Washington dc

[@vikrantsingh4959]

Where is this house located? I m also looking to buy

[@IamproudtobeanINDIANJAIHIND]

Bhai mark my words that IN USA rate will increase 0.5-0.75 % in next 6-8 months because USA government is totally in debt and if it's default (which will not happen at all) then all the things will be more expensive than what it is right now. But as inflammation is High in USA so that the effect of it is remain till next 3-5 years. And USA is already developed country so it's not good That much of inflation for devloped country. If you see the debt to GDP ratio of USA it's more than 110% it's also very bad thing... So do investment wisely.

[@shirsendumaiti5682]

inflammation lol 😂 bhai economy ko aag laga di

[@roynilavro6906]

Bro he jo house he atlanta Georgia per hea keya

[@cmys001]

where are these houses? what state

[@jasongill5390]

So cheap. 300k wow. Here in North Vancouver i bought a 2019 home with 8 bedrooms, 3 levels, 3 car garage ,2 decks, 5,560 sq feet house for $2.9 million.

[@patienceclasher6855]

What’s your networth? 😳

[@bubblegumblue4690]

What happened to prime location

[@vishnuprasad7574]

I am not sure how someone can get more rent than emi, that to with bare minimum down payment Seems fishy.

[@aeyrana1241]

in condos there is no bedroom on ground floor😊

[@sam10818]

Which location is this in Atlanta area? Which city?

[@dhananjayaggarwal4890]

why dont you invest in commercial land ?