So friends today I am going to start Rental
Business in the USA
so our continues now I have asked my real estate agent to find me an asset definition but currently
I'm gonna take a look at duplex today and this is the duplex figures my multi-family houses
that you can search on zero so in this house you can actually have two parts so this is two
bedroom one bathroom and this is two bedroom one bathroom this is incredible because like
the value of duplexes increased significantly if you look at the history of the price so if you
click on home value on Zillow you will see that it was like you know a hundred thousand dollars
and then in 2019 it was just hundred thousand dollars isn't that shocking oh my gosh and then
it it became around in 2022 when it was bought it was 350k and now when it is being sold it's
it within like few months 500k almost wow but that shows how much acid duplexes are like at least I
feel like you could buy a house in the suburbs in Ohio that was way bigger and nicer for that same
cost really yeah it's just like Atlanta's such a hot housing market you know and and it's also like
close to Belt lineup CNBC news covered it Beltline is the hottest project like you know this is the
longest walk it is close to that path so that's why it is even increasing in value and watch
to work because this could be considered acid because up half of the house numbers later but
can you tell me what do you think about it we're gonna look at it soon I mean it looks pretty nice
um it was built in 1950 so that means you know it would be pretty bad but like five times it grew
in like like it grew almost like hundred thousand dollars in six months but is that unique to this
house or like the whole Atlanta houses yeah yeah this house isn't special in that regard but some
houses went went down in value too so you know oh so wait it's like two separate yeah two units
so this is two bedroom one bathroom and this is two bedroom one bathroom duplex right yeah
that's kind of nice and it looks like heaven like look at the photo they have taken the photo in
fall and like you know it's so beautiful yeah the lime is brown but I guess that's normal for fall
yeah the interior looks pretty nice clean like it's been remodeled yeah the bathroom looks nice
yeah pretty good now let's go and check out please share everyone how does this investment look like
so they have different entrances so this is first entrance for the first house
and this is the second one right so there's a two bedrooms one bath in each unit so the
entire property is a four bedroom two bath four bedroom two bath okay two bedroom here
two bedroom here pretty interesting okay and both look the same okay
so your bedroom number one and the closet
closet is quiet small. Duplexes . Oh 2 closets. So this is Duplex
like how to invest in real estate how to make it an asset this is Step number one
it's bedroom number two
and this is one bathroom
it's pretty nice
and bedroom number two closet is open. Quiet small too
Quiet small too. Room is small too. Smaller than the one in my Apartment
View is not nice
yeah that's a problem this is the kitchen
is pretty small and uh this takes it
the kitchen is very small . Unable to open Patio
This is where AC will be
so this is like a patio right oh and this is uh let me see on the maps if it's east
facing or not facing so yeah this patio is West and Facing East sun will be from there
pretty nice and other patio is oh so other is completely separate like that's pretty nice so
so this is unit one unit two duplex so both have different patio pretty nice and the problem is
but duplex is a big thing
same size okay so you can choose any
size
oh you have to be sunny Direction
Sunrise is that side
and bathroom so everything is new floor is new but the only problem is that this
is 500k for duplex and same Kitchen on this side flip them like mirror reflection so this
is how duplexes look friends but my expectations didn't meet because like I thought it will be bigger. Rooms are very small
Rooms are very small. Bit shady. you have to take these stairs common stairs and to go into that duplex. This locality is not amazing either, if you look
at the houses I mean first houses are not as nice as I thought
too though is Karen I'm gonna do my best research to find duplex
I really want to find the best asset and I don't want to get a new liability want to find the best asset
and Spotify is not loading up and I never thought I will be scared in front of Mercedez benz stadium
Wasn't as Fun as I thought
so now let me tell you the calculations I did to make this rental business possible
first of all that I am on student visa there are many restrictions and on student
visa the legal rule is which I talked to a lawyer apko B talk to your lawyer before
you know considering this information so according to the information I can own a
business let's say hadoor Singh LLC a company limited liability company
or I can create Singh in USA LLC I can create companies but there is one issue that I cannot
be actively employed (not 9 to 5) the passive income for that company so let's say that I have a house
that is not active employment. I am getting part of it for rent. Not working like 9 to 5.
so it is legal and Airbnb and I can do it that's what I've checked through my lawyer
please check as well so that's why I want to create an asset by going
it is just my savings so when you make that possible up financially
free and you you have much Financial worries to have so let me tell you what I have asked
my real estate so many real estate real estate agent go that find me a house where let's say my morgage is around 3000
but there is if condition that is money through rent
that should be almost equal to mortgage
now is so for example that is almost around 1100 to 1200 in Atlanta that is my rent my goal is now
let's say if I buy it for 500k right so my 500k my monthly monthly mortgage will be around 3000.
House Tax per month 400, HOA is around 200
HOA fee per month 200. Total will be around 4000
so I asked my real estate calculation my agent and after that agar is around $4000 and after that
the rent through duplex there right I want independent house at the same time and I want to
give it for rent so that should be almost around 3000 or after minus it should 1000 same as apartment
that should be the same or less when I buy a house
so my goal is to stay on a budget for rent of 1100 to 1200 so that is my calculation
I will buy only after that. because buying a house is not always an asset value for example market value actually went down 2021
housing market my house if you look at this house so it is unpredictable and
that's why because I bought an expensive cars so don't want to get more liabilities I want to buy an asset and I want
to maximize the cash flow just like restaurant portal like is cash flow
so that this cash flow can meet my expenses. and full-time job is just the savings.That's my goal. let me know what do you think
about my decision in the comments below thank you so much for watching foreign