Plans to R2I : What to do with large equity in the house currently ?
Posted: Mon Apr 09, 2012 2:46 am
Option 1 is tough since you need to maintain the home. Do you have friends & family there who would check on your house on a weekly basis atleast? Renting the home is better and usually you can get property management companies do it for you for about a month fee for a full year rental. Storage is a bad idea especially since you will be gone for 3 years. You might as well ship everything to india and start fresh when you come back. You may want to consider taking some equity out and investing it in a FD in india for the next 3 years. Keep year's worth of mortgage payment in your us account so you can keep paying it.