Guide: Buying Home vs Renting While on OPT & H1B Visa
Join The Live Webinar to Learn Pros and Cons of Being a Home Owner in the USA.
Let me tell you a Story (True Story).
Let's got back in time to January 2007.
I had just relocated to North Carolina from Florida a couple of months back.
I rented a 2 Bedroom Apartment for $775 per month in RTP Area.
I found a roommate who had just graduated from UNC Charlotte and started working in my team.
And I decided to Buy a Home within 2 months of relocating to North Carolina.
I, in fact, was looking to buy a townhome in Florida in 2005.
I'm sure you will believe me if I show you the emails from 2005.
Plus, to let you know, I graduated from Masters in Aug 2005. So, I was looking to buy a home, right after I graduated from a Masters Degree and while working my First job as an Entry Level Software Engineer.
You might be thinking If I'm Crazy or What?
My Salary back then was $48,000 in Florida.
Back to January 2007.
So, at friends get together, I was having a conversation with a group of friends (all single guys and girls).
I mentioned that I'm in the process of buying a home.
Everyone stopped for a second and looked at me.
You know what I'm talking about. Right?
I can read their minds.
"You just moved to NC and you plan to buy a home. And not to mention, you are still Single."
This friend of mine started talking about
- Opportunity Cost of Buying vs Renting
- Why I shouldn't buy a home
- Reasons why I should rent
In short - I got the gist of the conversation.
I'm Making a HUGE Mistake!
I was like, "I was planning to buy for a home 2 years ago! I have done my research and I'm going to buy a home".
And I was on H1B Visa back then.
And I purchased a Single-Family Home by end of Jan 2007.
Within 4 weeks of having the above exchange.
By the way, can you guess what that friend ended up doing?
He purchased a home in the same community, right across from our street after a few months!
What About You?
Should you buy a home while on OPT or H1B Visa?
That's what we will cover in this Live Webinar.
Let's talk in detail on the following topics
- Pros of Buying a Home
- Cons of Buying a Home
- True Cost of Buying a Home
- How Much Money do you need for Down Payments
- Risks of Buying a Home on OPT & H1B Visa
- How to Save Money on Mortgage
- Home Appreciation vs Expenses
- Practical Reasons Compared - Renting vs Buying
- The Cost of Selling a Home
- Answers to Pre-Submitted Questions
So, I can give the pros and cons of buying and financing a home, mortgage, visa issues, etc.
When I bring up this conversation to someone who got H1B Approved, they are like, I hear the following
- I'm not married!
- I don't have the Money!
- Don't people lose a lot of money?
- I'm not sure if I can buy a home without Green Card
I have owned a home since Jan 2007.
Our Home Price has appreciated about $100,000 since we purchased.
That's about $9,000 per year in Home Value Appreciation.
Here's the screenshot from Zillow about our home value over the past 5 years.
Now, in the same 5 years, if I had paid a Rent of $1200. Let me simple Math.
- 5 Years of Rent = $72,000
That money is gone. You are not getting it back
Instead of Paying the Rent, I paid the Mortgage (with interest and equity).
Valur Appreciated as well.
I would get that money back when I sell the Home.
Are you thinking yet?
Let me give detailed math and comparison in this Live Webinar.
I'm sure, you have a ton of questions about buying a home or risks of buying a home.
Maybe not a home, but a Condo or a Town Home. Let's talk about those question you have on your mind in this Live Webinar.
3 Days Money Back Guarantee. Attend the Live Event. If You Are Not Satisfied, send request Refund within 3 Days After the Event.