 When buying your 1st home, do you need/recommend a down payment? |
| My fiance and I are having a discussion about buying our first home. I told him we should think about having at least a five percent down payment. He said he doesn't think it's necessary. ... |
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 We have a problem with scorpians in our apartment, and want to move out early, can we get out of the lease? |
| The complex sprayed the apartment, but i wouldn't let them spary the bedroom because of my pregnant wife, and they're basically saying it's not their problem. She was recently stung ... |
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 My wife and I have FICO scores above 760 yet our mortgage broker offered us a rate of 7%. Can we do better? |
The estimate she gave us was based on a 30 year fixed loan amount of $140,000 with zero down.
Additional Details
Thanks all. I've looked at bankrate.com and myfico.com and I'm ... |
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 Got a lowball offer on our house. Should we take it off the market and "ride it out"? |
| We're in the East Bay of the San Francisco Bay Area. We originally listed our home on 4/15 for $675,000--$20,000-$40,000 below our best comps. 2 months later we dropped the price to $649,000. A ... |
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 Is it a bad idea to buy a house with a friend? |
| Me and my mate have been looking at getting a joint mortgage and buying a property in the city closer to our jobs. Speaking with my parents though they are trying to put me off buying a house with a ... |
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 When do you think the house prices will go back up ? |
| we have seen a house that we would like to put a offer in on, if we didnt get this one would it be worth looking for another one straight away because the prices are going up , or should we wait ... |
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 How can I remove a non paying renter from my home??? |
| This person agreed to pay me by the week. We just have a verbal agreement.... |
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 I own 1/5 of my mother's house and my sister has moved in and changed the locks on the doors.? |
Can I demand a key? My mother is now deceased.
She she refuses to pay rent. What can I do?... |
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 Is it really bad to have to tell your landlord you need 4 days to pay rent? |
It sure feels like crap. Is it something most people have done? Should he sound as peeved as he sounds?
Additional Details
I've lived here a year, and we haven't had any ... |
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 How would you handle this neighbor? |
| I have lived in an apartment complex for 7 months. Have had no problems with any neighbors or management. Last week I got a visit from the police about 12:15 AM, just after midnight. They said my ... |
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 Can 1 spouse sell a jointly owned home without the other's permission? |
| Ok my friend is divorcing her husband and they own a home together. Out of anger the husband will not agree to sell the home and will not give money towards the mortgage, she cannot afford to pay the ... |
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 What do you think of purchasing a home too high for you to afford and getting room mates? |
| I make about 70K a year if I work 4 days a week. I love this house which is about 3 miles from where I currently live. It has about 2700 square ft with a basement equipped with a 2nd full kitchen ... |
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vtdamon | Apartment or Trailer? |
Opinions please? I love my apartment. I'm paying $700/month. For that amount, I could purchase a trailer with a mortgage and own it in a little over 4 years. What would you do? |
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Drew
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http://www.mytrailerpark.com/
So i would stay in the apparment. |
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Jason W
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Trailer would be the way to go :O) It's like having a house and trailers these days are really nice inside. Plus you don't have to share walls with noisy neighbors. Double wides are very nice !!! |
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enano
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Apartment wasting money cant get nothing back a trailer live in it finish paying it you own it and you can sell it and try to get yourself a house |
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White Shooting Star of HK
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Apartment! |
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Tee
 |
Depends on the area. Trailers are not happy places to stay in if there are a lot of hurricanes or tornados. Why not try a condo or townhouse. You can buy a condo and live there for a few years and later rent it out. That can get you started with investment property. |
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Aggravated
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Is it like a new modular home that you could put on a permanent foundation? If so, then I would go with that. At least then you won't have to worry about someone else burning your home down. Also, paying rent is like putting your money through a shredder, especially that amount! I don't kow where you live, but my sister has a three bedroom, 7 room house she rents and only pays $450/month. Granted, she moved in almost eight years ago, but still..$700 for an apt seems pretty ridiculous. Plus, you could pay off the trailor in four years.. save up your money and buy a house, and rent the trailor..there's your house payment (or at least part) |
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sylviavnpttn
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Something to think about--your spending $700 a month and own NOTHING. If you purchase a trailer (key work- PURCHASE) then you are doing two things. Building your credit, and OWNING. Something you may want to consider if you purchase a trailer is putting a foundation under it-it then becomes REAL PROPERTY just like a house. So, this is certainly something for you to think about. |
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angel
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well, would you rather live in an apartment or a trailor? |
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jacquie
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Trailers suck, you'll be miserable it will feel like you are living in a hallway! |
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newyork
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i say keep your home, definatly |
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martinlh
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Apartment.
Trailers are not soild structures. All you need is one bad storm and there goes your entire investment. |
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Staying Quiet
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continue to rent until you can afford a home, you will pay nearly as much for a trailer that will depreciate in value tremendously over time. |
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Kiss My Shaz
 |
apaartment. trailers offer no tax breaks and are a pain to get rid of. Save for a house. |
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Jadalina
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I've lived in both and each has it's pros and cons. Apartments you aren't responsible for maintenence or yard work or anything really beyond the actual bills. But, you're blowing your money up the chimney, because you never build equity. Trailers are inexpensive if you refrain from getting that triple wide on 20 acres, and you build up equity, but unlike a site built home, they rarely appreciate in value because they're put together so cheaply. After 4 years, unless you take VERY good care of it, it's gonna be showing a lot of wear and tear. You can have all the upgrades, and have it put on a concrete block foundation, but by the time you do all that, you might as well buy a house for the same price. They're also difficult to insure and get tax breaks on as they're not really considered a permanent home.
A lot of people I've known, however, have purchased the trailer on a bit of land, with the intention of eventually building a home on the property. Obviously that won't work if you're looking at a trailer park or trailer division.
I left my $800 a month apartment 8 years ago and bought a ranch with a run down 1920s Craftsman style home on it for $350 a month payments, paid it off in 6 years. Might look into an older home in need of remodeling, sometimes you can get a really awesome deal, and that sort of home will appreciate with the remodling and time. |
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chrishoguet
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Always buy if you can. You'll build equity, build your credit score, and be able to deduct interest paid on your taxes. Buy the trailer! |
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japhy
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A trailer in the northeast (New England, New York, Pennsylvania, New Jersey) has never been a very good investment. It might be different in other areas. |
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