Thinking of Selling that house and bringing money to the USA. Its roughly 120k usd. If I invest that money in usa for 5 years with 10% return rate, it will be close to 200k, I don't think Indian property will get that kind of appreciation. Please give some guidance or suggestions or roast me. Tc 350k Yoe 12 Nw 2m Came to usa 7 years ago.
1. If you sell 1 cr property in India, you'll have to pay capital gains tax on it in US prior to transferring them here. Talk to a CPA on how to calculate the cap gains. 2. 10% return lol. For 5 years hahaha.
What if I don't pay that tax? How will US government identify my property sale in India?
IRS will send you a date night invite
U must be sleeping that you cannot get more than 10% in India lol
10% is avg based on index funds for the last 10 years. Its simple math if you are thinking long term. Also its conservative. I play with the market a lot so I don't think it's an issue. I agree I need to see capital gain etc. I was thinking of someone with a similar experience will provide some insight.
5 years is not long term. Look at VTI from early 2000s to 2010, returns were meagre
Any more insights on the property, i am trying to buy one to move back to india
Harsh comment but will say anyway: India is the emerging market. If you fail to get 14-15% ROI here, you wont make double digit anywhere across the world. Our generic index fund is doing 15%, FDs are above 7%. If you are careful with real estate, they can skyrocket too as long as invest in upcoming areas.
You didn't account for inflation. Average in India is 8%
FDs don't even match inflation
Will you get 1cr I. White or half and half that is major concern while selling property in India
India market will get you more I am Getting 25 percent from last 5 years and even with dollar appreciation factored in its much much bigger than usa
Math is not mathing here on your conclusion that Indian market has returns much bigger than USA Nifty last 5 years: 94% Spy last 5 years: 80% USD/INR last 5 years: 20%
Who cares about spy and nifty. I am talking about mutual fund which is giving 25 every year for last 6 year now to you calculate that with voo or vti whatever you like and also account dollar appreciation in last 5 years.
But how will you get all that money to US? Direct bank transfer? Won’t you lose some money due to conversion rate? Also, I am not sure why people are surprised that 10% rate yearly isn’t possible. You can literally earn that much by just investing in index funds and if you end up buying some tech stocks, long term you ll make much more than 10% yearly.
I am totally blind to the Indian market and keeping tabs on everything is not possible so I was not thinking of it but I will check.
World Conflicts
12h
471
Canadian family moves to Russia for opportunities
Health & Wellness
Yesterday
893
Lasik cost
World Conflicts
5h
265
Why I Find Free Palestine Inspiring
India
8h
479
'Hindutva': The Radical Hindu Ideology That Seeks to 'Push Christianity Out of India’
AMA
Yesterday
1102
PM Manager, early 40s, married and ENM (Ethical Non Monogamous) AMA
So what asset is going to guarantee you 10% return every year for next 5 years?
Normal market any good index fund spy,qqq or anything, it's quite simple.
No, it’s not. You are assuming this based on bull market of last few years. It’s not guaranteed. Also, have you considered what your inflation adjusted returns in the US will be for 10% return per year asset?