 Temperature in house to avoid pipes from freezing? |
| I live alone and travel often. I live outside Philly, so it's fairly cold right now. When I travel, I turn down the heat to lower the bills......but does anyone know the safe temperature I need ... |
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 My landlord is going to keep my deposit, is this legal in my circumstances? |
| My landlord is the most unreliable person. I asked numerous times for her to bring me a new lease to sign. I asked three times and still nothing. she was excited that I wanted to stay for another ... |
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 My neighbor is playing high bass music... why are people so rude?? (I live in an apt)? |
| I don't get it. This guy has a newborn infant and about 5 other people living his apartment, yet he plays his loud bass filled music all the time. I like loud music too, but I realize I live ... |
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 What do I need to buy a house? |
| My husband and I are wanting to save up for a year and put the money we save together with our taxes and buy a house. Our credit isnt that good right now but we're going to spend the next year ... |
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 Neighbors downstairs complaining about my walking - what can I do? |
| I live in a seven year old apartment. I am on the top floor. I can normally hear my neighbor below me pounding the bass when they play video games. Anyhow, suprisingly enough, they complained to ... |
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 Should I rent the condo or buy it from the seller since he has offered me owner financing? |
| I was recently looking for a place to rent with a friend of mine. We chose a new construction condo to rent, and they are not finished yet. As we are waiting for them to finish up so we can move ... |
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 Do you need to be in full time employment for a period of time PRIOR to applying for a mortgage? |
I want to apply for a mortgage when I graduate in June with my boyfriend.
He is on around £18,000 and I hope to be on the same.
I was wondering if I can apply as soon as i get my first ... |
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 How long do i have to keep my house before i sell? |
| My husband and i just bought our second home back in sept. 06. We were in a rush to get a home near a good school for our daugther. Well we didnt have much to choose from in our area at a price we ... |
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 Flipping HOUSES?? Good Investment? |
| For those who don't know, the term "Flipping Houses" is when you purchase a house, fix it up and sell it for more money to make a significant amount of profit. Does anyone know if this ... |
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 I had a shop for 9 mths without signing the lease, am i still liable for anything? |
the landlord says im liable for the lease even though i didnt sign anything
Additional Details
im not stiffing anyone he's trying to wangle money out of me, i didnt make any profit ... |
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 Real Estate licenses? |
| Do you need to take a real estate license course again to be license somewhere when you already license in your own state? OR can you just go and take the state exam in that state to be licensed. ... |
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 Are There Any Free Appraisal Sites ? |
| I am looking at a property and just wanted to get an estimate on what the home is worth but not pay 300-500 for an appraisal on a property I may not want.... |
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 Foreclosure? |
| Before everyone goes "holier than thou" on me, I already know I messed up and I'm trying to fix my problem so please save the semons and offer at least some kind word, honest opinon ... |
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health1_au | Buy a house now, or wait - unusual circumstances!? |
I have $40,000 down, can afford $3000 per month and have good credit. The thing is, I won't be living in the USA until 2017! Should I buy now and rent the house out, or wait? By 2017, I won't need a loan to buy a house (I'll have saved $800K), and I will be retiring - to live in New England (NH or Vermont). Should I pay 2007 prices with a loan at 6% (or 2008 by the time I locate what I want) or pay cash in 2017, at those prices, whatever they may be? Another option is wait 2 years for prices to bottom, then buy and rent it out. If I buy in 2009-10, I may be able to swing 50% down. The longer I hold it, however, the longer I have to pay property taxes and all other fees/expenses. My details: 41yo, married, zero kids (CF) ~$100K tax-free pay, total monthly expenses <$1000, $145K equity in foreign condo (we own it - paid off), other investments (Stocks/bonds, etc) = ~$80K. Zero debt; zero expensive habits. I really want to retire/move home to the USA in 10 years. Thanks in advance! |
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misty m
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Buy now, forget what the media says, real estate rarley goes down, and when it does its usually confined to really small areas for a short period of time. Real estate in the USA doubles about every 12 years, that means if you want a $400k house now it will be about $700-$750 by the time you retire and take all your savings.
With your down payment you should be able to buy the property do a 15 yr mortgage and the rent will cover all your expenses, in 10 yrs you would only owe about $150k then use your $800k or so to pay that off, and enjoy life. |
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MR BIG
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as you pointed out, buying a property now will result in many transaction and holding fees. If you think the "real price" (price minus inflation) of housing will increase then you will better off buying now because you will be able to buy more with your money now than you will be later on. If you can receive close to your monthy repayment in rent for the house then i would say it would be worthwhile buying it. However i suggest you see a financial advisor to setup an investment strategy that will allow you to earn how much you do now once you hit retirement, that way you will not have to comprimise lifestyle and stil have retirment. Generally takes around the 7-12 year mark so might be something you can look at so that you can retire on your current yearly income and expect that after you retire. Once you do retire then you always rent or buy a home and because you have no children who want a slice of your equity renting is always a good option. However, if ya like the homliness you can start a mortagage 10 yrs down the track.
best of luck |
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David L
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I would think if you can do it now you should. By 2017, the equity build in the first property could be used to put you in something newer, larger, etc!!! |
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Bush Part 3
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buy now ---prices already went down ----no more decrease ---only going up ---also consider that rates are good now ------2 years from now ---8% will be the best rate |
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Dilbert
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Wait till you're ready. You can't know for sure now where you will really want your house. Maybe you will decide to move to Guam or some such place.
Besides, for all you know, houses might actually be cheaper then. |
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dicey047
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Buy and rent only if you can get a reliable local property manager who will screen tenants carefully and look after your property. The going rate in some areas for property management is 1/2 of first month's rent to find and screen a tenant plus 10-15% of the montly rental charge. Realtors will do this but have bigger fish to fry and won't put much time and effort into managing your property. If you are a hands on type and don't mind managing people who are in transition and you don't mind paying for frequent repairs and chasing rent payments, then go for it. It's a trade-off. The property will appreciate and rents will come in, but you'll have your share of headaches. It's an personal preference decision as much as a financial one. |
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Gasom
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waite un tell house become cheeper, to avoide looding of interst |
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RE-AGENT
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Buy a residential lot then build the house of your dream when you are ready. If you don't want to stay in the state where you bought your lot then you can re-sell it. Within ten years before you move back to the states your house might be in neglect and you need to build it back again. On a lot, it can not be burn down or destroyed. Also, you don't have to worry about management, only the taxes which is much lower that a complete residential house. Invest your money on mutual funds, stocks. When you are ready to retire it could be in millions and you can always afford to buy a house. |
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Jo
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I think you should be buy now and rent the house out, at least you have some money coming in which you can save. |
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