All Forum Posts by: Abeer Bagul

Hey Max,

Thanks for the offer, will get in touch with you.

Abeer

I guess my last post was misunderstood. The intention was to find out which areas are popular where Indian Citizens staying in India are buying properties for investment purposes. Such areas will have lots of lawyers, agents, banks, tax consultants already familiar with FIRPTA for the Indian investor.

I will be willing to rent out to anyone who pays the rent, is willing to do minor fixes himself, and will not trash the property.

The major objective is a long term investment in US for self use + investment. Maximising rental income is not required.

Rental income will be used to just pay EMI, property management charges, taxes and maintenance on a 50% loan, so that after downpayment, the property sustains itself.

Thanks a lot for all the replies.

I would prefer to be in areas where Indians have are already purchased properties, since there it will be easier to buy as real estate agents, tax lawyers, rental property managers will already be familiar with foreign owners and their issues.

How can I find out about these areas?

Hi,

I am an Indian citizen living in Pune, India. Am looking to buy an investment house in US.

Have been to various parts of US a couple of times, especially South Bay, Silicon Valley and Baltimore.

My budget is $100k, and can do a downpayment of $50k. The property should be in a decent neighbourhood, and want to also give it on rent.

But generating income from rent is not the primary motive, the main motives are:
1. A long term investment with appreciation in the next 10 years.
2. Rent to offset the monthly payments, especially since I can do a 50% downpayment.
3. Decent neighbourhood so that I can have some bragging rights back here in Pune, Mumbai. So a small 2 BHK apartment in a nice University area would be great.

How should I go about this?

Hi All,

I am a software engineer from Pune, India. Real estate is a hobby, and this forum is a great resource to learn about US Real Estate.

Have been to South Bay area a couple of times, and really loved the atmosphere there.

Am trying to buy a property in US for investment purposes, in the range of $100K.

Hope to get answers and help from all you people on this great forum.

Thanks
Abeer Bagul