All Forum Posts by: Roopesh Krishnamoorthy

Thank you both so much! Would love to connect with you all to discuss further steps on real estate business as an F1 employee. So awesome to meet people who can help out! I want to learn the ins and out of the financing process, and hoping to gain a better understanding of the market.

Hello Haresh! What do you mean by SFR? So I guess it seems that it is best for me to wait until i get my H1B in that way I know I can stay for at least 6 years before it expires. In that time, I am hoping to at least get two properties and have it maintained by a property manager even if I do have to leave after the 6 years. Does that sound like a good plan or that is a stretch? I really am trying to build side wealth wherever I can especially since I am in my mid 20s and want to start somewhere.

Any input is appreciated!

thank you so much for this Drago! So when I stop contributing to the roth and HYSA will I be able to let it still grow in compound interest? Also if I were to obtain a green card and work abroad can I contribute to the Roth IRA then or will that not be possible?

Thank you both so much for this information! I guess my biggest concern but having to sell the house if I were to leave the country. I believe I will still have to file taxes for the property is that since I will be getting rental income from it. 

And Ben Trageser, i will reach out to you regarding more on this scenario, would love to chat with you!

Hello everyone! My name is Roopesh Krishnamoorthy but I go by 'Roopy'. I am a newly graduated Physical Therapist currently located in Phoenix, Arizona. I have had a passion for real estate at the start of 2024 and I am hoping to buy my first property shortly. I am looking forward to connecting with fellow lenders, accountants, and real estate agents to get more perspective and build my knowledge on real estate so that I can start to build wealth in my mid-20s and onwards. I do have to disclose that I am on a student-based work visa at the moment called F1, I am unsure whether this will affect my ability to buy real estate so would love more guidance on that!

Nice to meet everyone!

Hello Everyone, my name is Roopy and I want to provide a quick summary of the situation that I am in. 

I am a 25-year-old Indian citizen who came to the US in 2017 and completed my bachelor's and doctorate 7 years later. Today, I am a licensed Physical Therapist here in Arizona on a temporary work visa (F1 CPT) with hopes of obtaining my H1B lottery selection in the next year or so. I have a heavy interest in wanting to start buying my first home in 2025, however, I am having some legislative inquiries that I want to get clarified before I even purchase a property. I also wanted to inform you that I also have a Roth IRA that started since 2020 and recently opened a High Yield Savings Account(HYSA) in 2024, thus I also have some questions regarding this matter as well:

Here are the following: 

1. I really want to buy my first home in the next year however with my current visa---which only lasts around 2 years---I am unsure whether I will be winning the lottery to receive my H1B visa as of now. With that said, Is it unsafe for me to buy real estate with a temporary work visa such as a CPT or even an H1B(which only lasts around 6 years)? Worst case if I have to leave the United States and work abroad, can I still have my house as a rental property after a 1-2 years and earn passive income from abroad even as a non-US citizen? 

2. In a few years, if I do decide to leave the United States and work in another country, how would my Roth IRA and High Yield Savings account be affected? Will I still be able to contribute to my Roth IRA if I am not a US citizen or have a Green card by then? Do I have to remove all the money from those accounts and start over?

3. How would the taxation policies shift if I were to keep my Roth IRA, HYSA and real estate property in the United States if I do move to another country? Again just to reiterate, this is specifically for those who are NON-US citizens.

I know my questions are very in-depth and seem complicated but no one in the Bigger pockets podcasts talks about how non US citizens or non-resident aliens deal with wanting to buy real estate and attempt to real their goals of achieving FIRE. 

Any guidance or support that you can provide regarding these legislative rules will be of much help for my career and my future here in the United States. 

Thanks, 

Roopy