Could someone help me understand if you buy a home while you're on H1B visa or during Green Card process, what are the possible consequences if you lose your job?
This👆
Why the fuck would you buy a house in a country where you hold a non immigrant visa. Wtf
You seem like a moron to me.
Pretty common to buy a house on H1B
First step would be to have at least one years worth of living expenses without changing lifestyle As savings. Only then you should go ahead and buy a house because you aren’t worried about the mortgage in case you lose your job. Regarding your visa, you have 60 days to find a new job and most likely that won’t be enough, so it’s always a good idea to keep that into consideration. Would suggest you to first have good fu money and then look into buying a house
As long as you are not stretching yourself and are confident that the house can be rented out you should be ok.
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How can my idiot brother who does real estate afford this
If you loose a job and have to leave the country your house is an investment. You can sell it or rent it.