r2i forum

Gurus Recently I read an article in "Money" magazine on above conversion. Basically anybody can contribute to non-deductable IRA in 2010 (you may not get tax deduction above certain income limits ). But You can convert your nondeductable IRA into Roth IRA in 2010 there by you don't need to pay tax ...

[QUOTE=R2IB42010;322741]Hi mpandi, Thanks for the feedback. Do you know if your friend had any assets (401K/Roth/Regular IRA) and if he had any hurdles with the short sale due to those assets. Is there any possibility of getting the realtor's info please? Did he have an attorney for his negotiations ...

[QUOTE=venkat786;322581]Unless you show hardship (layoff, divorse,death) its very difficult your short sale is accepted by your lender. Since you also have a second mortgage its more difficult.[/QUOTE] Thats not true always. One of my friend recently went through short sale before he moved to India ...

Hi All
I happened to read this interesting article on OUtsourcing in India so I thought I would share it with you all
[URL]http://www.chinadaily.com.cn/business/2010-07/15/content_10109103.htm[/URL]

In which City , you are looking to buy ? I am sure you will find some decent properties in Detroit area.
With respect to your question "Can a Indian Citizen buy a property in USA ? " Yes, I have seen people buying houses while they are in H1B .

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I would suggest our friend to go with the credit union where his employer is part of . He may get better terms than dealer finance. Dealer finance is another source of profit for dealer.

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[quote=manuchabria;86468]Is there any specific problem you are expecting when you tranfer transfer this ?[/quote] Thanks for your reply. I am going to transfer this amount to our NRE accounts in my name & my wife's name. However, my FIL is going to withdraw this amount to pay for my land transaction ...

Friends, We are buying a land so i need to transfer around $100 K. If I transfer the whole amount as one chunk would it create a problem ? As all you know about the Indian real estate transactions, the seller wants us to register the land for much lesser than actually we pay ? What are the ...