R2I Club Member Hangout

I have been in the US for 32 years now. One interesting thing for me was that the retirement/r2i goal post kept moving as I reached previously set goals. Somewhere along the way r2i stopped being practical and especially now since both children have graduated from college and are working. I have eno...

@Social, My children are older now and are out of college. We considered r2i when they were in elementary school. The main obstacle was since the kids were born in the US they would eventually return to live in the US. Your children especially the older one is in high school and adjustment to the CB...

@wd40, here is some unsolicited advice : Don't focus on returning to India now unless a job loss forces you to do so Unless parents or in-laws are in poor health, you can get them over to Singapore for a few weeks every year and your daughter can get to spend quality time with them Congratulations o...

Hope it works out for you. Based on my experience on the 2 condos I own: On a pre-tax basis, the yield is 6%-7% on a Manhattan condo (assuming no mortgage and after paying property taxes and maintenance) The added benefit of ownership is that your kid will not have to pay rent increases or move out ...

There are two types of apartments in NYC - Coops and Condos Coops can be restrictive in terms of application approval, future renting and may carry highet maintenance and taxes. Condos give more flexibility bit are genray more expensive as compared to a coop of the sane size. For $1M - $1.5M range f...

My children also live and work in NYC. We have a couple of apartments (condos) in Manhattan. Residential Real Estate is unique in NYC where the purchase price has not gone up in the last 3-4 years, however the rents have soared up in the last 2 years. For young adults : Manhattan, Brooklyn, Hoboken,...