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 Can anybody help me... I moved into a student house two months ago and signed a contract until the end of?
July. problem is i have come into money problems and can no longer pay my rent. i told my landlord this and she basically said... u need to find someone to take over your lease... if you dont then u ...


 Should I pay it off?
I have a mortgage left of 60k which I pay 6.125% . should I pay it off if I could. If I do ,I won't have much to fall back on if I need an emergency fund.My wife is barely working so I am very ...


 Submitted a 60 day notice and 8 days later told them that I did not want to move out.?
I gave them the 60 day notice on the 10th and called them back on the 19th and told them that I didn't want to move b/c I accepted a permanent position at my current job. They said that they ...


 Do you think it's a bit unfair that real estate agencies, buy bargain properties?
... before others have had a chance to even see them. Wouldn't it be better if they went to needy families, or something? Especially when there is so much high cost housing and rent now.
...


 Can you purchase a home that has a tax lien on it?
...


 Need help with letter to landlord to get waive monthly lease due to business is extreamly slow.?

Additional Details
I have a general retail store. We sell almost everything except for food. I don't know why our sale redeced almost 50 % for two months. It is getting worse and ...


 I'm looking to rent an apartment with a friend she's requested the bigger room, how much more should she pay?
...


 Would you live in a caravan to save money?
me and my boyfriend are living in a house at the moment that is costing us about ÂŁ1000 a month to live n including bills, we are trying to save money so we can get our own place. But becuase we have ...


 Do landlords talk to ur previous landlord?
When applying for a new apartment will a landlord contact ur previous landlord? And if so, what kind of information can they tell em?...


 So I got a letter from my apartment that my lease was going up by $100...?
and that I need to go and resign my lease because that is up as well. If I don't go to resign the lease what would happen. Can I continue paying what I'm paying now since I haven't ...


 Buyers Agent Says offer was Rejected?
I know this might sound weird, I feel the agent really didn’t even send the offer over to the Sellers agent. My agent called me back today after 3 days saying the sellers agent said no to the ...


 Can some who has a mortgage and an equity loan apply for another mortgage?
I currently own a two family house with a mortgage and equity loan up to it's current market value. Can I qualify for another mortgage because I want to buy another house. And how much would I ...


 Real estate agent, doing her job or above and beyond?
We're selling my mother's second house and it's hard for us to get there. The real estate agent has helped a lot, referred contractors, let them in to work, alerted us when the heat ...


 When do you think realestate in california will boom again??
in about how many years? its at a low right now....


 Empty house or decorated house is sold quiker?
...


 If I make a double payment on my morgage one month, may I skip the next month without damaging my credit?
...


 Where is the best place in the UK to live?
After posting yesterday about the best place to find rentals in Manchester a few of the replies came back saying Manchester was an awful place to live. If this is the case, then where is the best ...


 Can anyone tell me how to get out of foreclosure?
...


 How good must my credit score be to get approved for a major loan? I'm looking to buy a house...?
...


 Can i rent to own a million dollar's house?
...



thelilred_whocould
Advice on taking on a 100 year old house?
My husband and I may have a chance to take on my former marital home from my ex-husband since he stopped paying the mortgage and my name is legally still on it. It is not in a great area, and he has let it fall into serious disrepair. The choices are to either take it on and repair it to make it liveable for us and our kids, or to let it go into foreclosure and still be liable for the balance financially. Taking on the mortgage would save us money in rent (about $500 per month), but we have little liquid money to work with in a repair capacity. What additional concerns should we look out for and what would make this a smart thing to take on?
                     
 




m2
Make certain the ex's are out of the picture and you have the title..
after all your hard work you do not need a questionable title..
if that is clear..go for it
you save $500
better you get the home and make a profit..


sexylatinguy23
Rating
Be prepared for the unexpected. How is the foundation? Are the mechanical all in working order? Is the house structurally sound? How are the windows? What shape is the roof in? These are all very critical things and you will need to take into account. And for the person above me who said "you will be surprised how cheep it can be" you obviously know nothing of construction because upkeep on 100 year old home is quite a lot. Especially if the previous owner neglected its upkeep.


wofford1257
shure take it on i grew up in a hows thats goig on about 150 years old in texas just slowly fix it dont get to much projects going at once


tom_nearhood
Rating
Use the money you are going to save on rent to slowly repair the house, start with the essential repairs first.


teran_realtor
Rating
Get a heavy hammer. 100 year old wood is HARD!!!


physandchemteach
My home is 106 years old now. It needed a lot of TLC since the former owners did nothing to repair it for 11 years. I have slowly been repairing it for 6 years. It looks great now. New flooring on front porch, new windows, siding, doors, insulation, painting all room, updated bathroom and kitchen. I put about $22,000 in the house after paying only $35,000 for it. It's value has gone up even more for resale.


mdmechenstien
Rating
even if its a crappy house, you have 500 extra per month, that could go towards fixing things. stay in the house a while fixing things as you go.sell it later once you have some equity. and if you choose to do nothing, at least youll have property ownership. or just keep giving your paycheck to somone eles each month and have nothing to show for it. seems like a no brainer to me


David74
Probably the best thing to do is to take the house and do a general clean-up. Don't go to extremes in restoring, just make it look nice, then put it on the market.
It will probably take a year or two but if you can put up with living in the neighbourhood for that long you should come out with a reasonable sum to get you on the way to a better property.
We did that and were satisfied with the result.


Gabby_Gabby_Purrsalot
My first apartment was on the top floor of a 100 year old mansion. It was really cool, and would've been nicer had they kept up with the maintenece.

Put the $500/month that you save in rent into an account that you dedicate towards home repairs, prioritize what needs to be done, and chip away at it.

I'd say go for it. If the schools in the not-so-nice area aren't the quality that you want to send your kids to, you could look at open enrollment options or charter schools.


ottoman
Paint and paper do wonders to a property ...if you or your husband..are prepared to roll your sleeves up and get stuck in ..you be very surprised how cheap it will be


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