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Mortgage on investment property

Chalanachithram.com DB » New TF Industry Related » Archive through September 08, 2017 » Mortgage on investment property « Previous Next »
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Wellsfargo
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Username: Wellsfargo

Post Number: 8623
Registered: 06-2012
Posted From: 183.83.215.184

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Posted on Tuesday, September 05, 2017 - 04:09 pm:       


Bullabbai:

then dont you pay personal taxes in US?




no. endukante India lo taxes more than US.
 

Wellsfargo
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Username: Wellsfargo

Post Number: 8622
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Posted on Tuesday, September 05, 2017 - 04:08 pm:       


Sesani:

If you are buying a condo/house, u can go for a loan claiming it as a primary residence until its approved and u can rent it later kada?




ayane unte mangalodu endukani. income ledu ane kada ee gola antha. income unte, nuvvu cheppede chese vaadini
 

Sesani
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Username: Sesani

Post Number: 55496
Registered: 08-2014
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Posted on Tuesday, September 05, 2017 - 03:55 pm:       

If you are buying a condo/house, u can go for a loan claiming it as a primary residence until its approved and u can rent it later kada?
 

Guriginja
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Username: Guriginja

Post Number: 37204
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Posted on Tuesday, September 05, 2017 - 03:13 pm:       


Wellsfargo:

Deeniki down payment 25% chesi, potential rental value choopisthe. Income leka poyina mortgage vasthunda?



naaku telisi raadhu....if possible make a cash purchase and then take out an equity loan.
 

Bullabbai
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Username: Bullabbai

Post Number: 474
Registered: 09-2013
Posted From: 96.227.224.57

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Posted on Tuesday, September 05, 2017 - 03:08 pm:       


Wellsfargo:

Yes US lo



then dont you pay personal taxes in US?
 

Wellsfargo
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Username: Wellsfargo

Post Number: 8615
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Posted on Tuesday, September 05, 2017 - 02:19 pm:       


Bullabbai:

How? I thought it will show up as retained earnings regardless of whether you withdraw or not.




Yes US lo. kaani India lo adi US company earning kada. I need not show it as my world wide income. anduke US lo S corp lo unchesanu.
 

Andhrawala
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Username: Andhrawala

Post Number: 62252
Registered: 03-2008
Posted From: 152.51.56.1

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Posted on Tuesday, September 05, 2017 - 02:13 pm:       


Rockfire:

2. One home as investment property does not yield anything except it is a big hassle to maintain it (renting it, repairs etc).




you have to start from one home only kathaa

Being a company owner Wells will build it and eventually endup with some 10 hoems
No Signature
 

Bullabbai
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Username: Bullabbai

Post Number: 473
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Posted on Tuesday, September 05, 2017 - 02:08 pm:       


Wellsfargo:

company lo ne unchesa




How? I thought it will show up as retained earnings regardless of whether you withdraw or not.
 

Rockfire
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Username: Rockfire

Post Number: 533
Registered: 03-2014
Posted From: 104.129.198.70

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Posted on Tuesday, September 05, 2017 - 01:47 pm:       

1. On investment property you have to pay some % of extra interest.
2. One home as investment property does not yield anything except it is a big hassle to maintain it (renting it, repairs etc).

Havings are peanuts.
 

Caone
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Username: Caone

Post Number: 83
Registered: 12-2011
Posted From: 67.115.118.5

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Posted on Tuesday, September 05, 2017 - 01:25 pm:       

Average between 5-6%
 

Wellsfargo
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Username: Wellsfargo

Post Number: 8607
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Posted on Tuesday, September 05, 2017 - 01:21 pm:       


Caone:

Meeru 35% down cheyyagaligithe, meeru commercial loan theesukovachu. Interest rate might be little high, but the loan is given on the cash flow of the property, nothing to do with your capability to pay.




Interest rate entha untadi
 

Wellsfargo
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Username: Wellsfargo

Post Number: 8606
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Posted on Tuesday, September 05, 2017 - 01:19 pm:       


Andhrawala:

tax saving kosam income thakkuva soopinchatam neram.

show ur full income and use the deductions available in legal way




neram kaadu le mastaru. company lo ne unchesa nenu salary teesukokunda. naaku ilanti vatillo chala bhaya padatha. so illegal vi chese chance ee ledu
 

Caone
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Username: Caone

Post Number: 82
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Posted From: 67.115.118.5

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Posted on Tuesday, September 05, 2017 - 01:19 pm:       

Meeru 35% down cheyyagaligithe, meeru commercial loan theesukovachu. Interest rate might be little high, but the loan is given on the cash flow of the property, nothing to do with your capability to pay.
 

Andhrawala
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Username: Andhrawala

Post Number: 62239
Registered: 03-2008
Posted From: 152.51.56.1

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Posted on Tuesday, September 05, 2017 - 01:16 pm:       


Wellsfargo:

ante maadi India income kada. also taxes save cheyyadaniki income takkuva choopinchukunnamu




potential rental value meedha aithe loan saction avvadhu naaku thelsi

tax saving kosam income thakkuva soopinchatam neram.

show ur full income and use the deductions available in legal way
No Signature
 

Wellsfargo
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Username: Wellsfargo

Post Number: 8605
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Posted on Tuesday, September 05, 2017 - 01:14 pm:       


Uno:

You still need to show your income .Lenders may add 50% rental income of the property to your income and consider your eligibility




ante maadi India income kada. also taxes save cheyyadaniki income takkuva choopinchukunnamu
 

Uno
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Username: Uno

Post Number: 1771
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Posted From: 99.231.161.157

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Posted on Tuesday, September 05, 2017 - 01:09 pm:       


Wellsfargo:




You still need to show your income .Lenders may add 50% rental income of the property to your income and consider your eligibility
 

Andhrawala
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Username: Andhrawala

Post Number: 62237
Registered: 03-2008
Posted From: 152.51.56.1

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Posted on Tuesday, September 05, 2017 - 01:08 pm:       


Wellsfargo:

Deeniki down payment 25% chesi, potential rental value choopisthe. Income leka poyina mortgage vasthunda?




Mortgage aithe vasthundhi.

But you are liable for payment of mortgage
No Signature
 

Wellsfargo
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Username: Wellsfargo

Post Number: 8604
Registered: 06-2012
Posted From: 183.83.215.184

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Posted on Tuesday, September 05, 2017 - 01:05 pm:       

Deeniki down payment 25% chesi, potential rental value choopisthe. Income leka poyina mortgage vasthunda?

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