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Hi Noobdog

Nice to hear from you.
I am on H1B work visa and I can only work for 5 more years in the US.
Thats the reason why I will have to go back to India after the expiration of my visa.

But I am still analysing the two cases, should I keep paying the rent in my present accomodation for the next 5 years, or buy a house of my own. At the end of 5 years, which case is going to be beneficial for me as I do not know what value the property will have 5 yrs from now.

Hope to hear from you and others soon. Thanks for all your replies!!

I am not trying to make money from this investment. I want to live in this home that I intend to buy.

I plan to live in the US for 5 more years and want to have my own home instead of having a rented accomodation. After 5 years, I will have to sell it.

I want to buy the accomodation in and around Edison, NJ.

With all these facts in mind, please advice me further.

Thanks for answering.

To give you a little more detail, lets say I buy a condo worth 200k, then based on that can you answer in a bit more detail.

Thanks again.

Hi, I have a few questions as far as buying Real Estate are concerned:

1. How much worth of house should I go for?
2. Can I sell eventhough I am still paying mortgage? If yes, how?
3. What is the monthly that i will have to pay?
4. What kind of taxes and other expenditures am I looking into per year after having bought a house?
5. On selling, what kind of taxes/expenditures can I expect and how much?

Thanks