 Where should I live in North America? |
I'm looking for a location that's:
-Liberal
-Safe Neighborhood for kids
-Good School
-Good Health Care (Hospitals and Doctors)
-Moderate Climate (not too much snow/... |
|
 Pay down credit cards or save for a house? |
| Now that the market is out of whack, I am guessing that lenders are going to make touger requirements for giving mortgages. I want to buy a house in 6-8 months. Right now I have about $2000 a month ... |
|
 Can I ask my landlord to just use my deposit as my rent if I'm late?? |
| Moved into apt. in Feb. of '06...paid one month's security and first month's rent. From June '06 to August of '06 I had 2 evictions filed against me from them due to my mom(... |
|
 Is it difficult to sell your house with out a Realtor? |
| I really want to avoid any extra cost during selling my home. I need to learn the steps to doing it myslef! Any resources and help would be great!... |
|
 Question about a first home purchase? |
Can i roll the closing cost and lets say $10,000 into my mortage amount to pay for new furniture and moving?
Additional Details
I have heard of a 110% loan...What are these?... |
|
 How much should I ask for my house when a company wants to by it and 30 others to turn area into strip mall? |
My house is appraised at 49,700
They said they would pay house payment and taxes for a year in the house I am in now if I sale it today.
They said price is negotiable.
The area is ... |
|
 Is there a limit on how long a landlord has to cash a check? |
| I have a landlord who is not cashing my check in a timely fashion. I have already contacted them about this. Is there something I can do legally to force them to cash the check within a month?... |
|
 Buy through realtor or from owner? |
| Is it better to buy a house through a realtor or from owner directly? Why?... |
|
 Considering leaving and going to a new state...any suggestions? |
| No kids, not really any family and no deep deep relationships. Been in the same place all my life and I feel that I would do much better somewhere else. Maybe like a do over.... |
|
 Roommates? |
| i have a 1 bedroom apartment, and I'm thinking of adding a roommate in here. but I'm a afraid since we will live in same room together, we will not get along. what's your experience?? (... |
|
 If something devastating happens to a person, what rights do they have to ending their apartment lease? |
| If someone has signed a lease but losses a family member and needs to move, what legal rights are there to get out of that lease? Are people seriously forced to stay in a lease without any exceptions?... |
|
 Is it still possible to buy a house for 40,000? |
| hopefully in florida?we are a new family , in search for a home we can afford. i know how to work on homes and i am a profesional chef here in orlando.... |
|
 I want to be a real estate agent but i want to know do they really make good money .? |
| I want to be a real estate agent but i want to know do they really make good money or is it all about commission. And i also would like to know how to get started. Does anyone know?... |
|
 When looking to buy a house, do you find floor plans useful? |
| I am conducting some market research. I would like to know if a floor plan layout would help sell a house. If you have looked through estate agent websites before, did you see any with floor plan ... |
|
 Landlords, reasons for not allowing tenants to have dogs on the property? |
Without being rude, why do you not allow tenants to have dogs?
Is it because of a past bad experience? Are you worried the dog will be destructive? What are some other reasons?... |
|
 Will the council help if iwe are evicted by our new landlord? |
| will the council help me to be rehomed if my new landlord evictes due to rent arrears occured with my ex partner.I have 4 yiung children and am 4 months pregnant with my new ... |
|
|  |
steav the jail bird with glasses | Flipping houses....if i had the money and the contracters is there a good chance would make a proffit? |
flipping houses for a living? |
 |
 
Lip Service
|
If you had the money to put down at least a 50% down payment, and you know what you are doing, then you can make a living at it. The key is that your profit is made at the buy not at the sell. You need large amounts of cash to be in real estate for a continued amount of time, otherwise you end up bankrupt when the market turns on you. |
|
frankie b
 |
Very good chance, hook up with a Realtor who knows what they are doing. the key to flipping is staying on budget, and not paying too much for the properties. I do it A lot, but it is not as easy as TV makes it out to be.
Good luck
RE Agent,
Remax |
|
J.R.
 |
Unless you have experience in both the real estate market and as a general contractor, no. Flips have done well in the last few years because of the enormous growth in the real estate market. Now that there is a downturn, however, there is less room for mistakes. |
|
TheGeneral
|
I do it on the side, you need a eye for updating and what materials to use and be cost affective, and a market (Buyers ).Getting buyers is a real problem with this economy. |
|
jorod03
|
Do the work yourself where ever possible. You'll save thousands that way. The market is slow right now. There are plenty of fixer-uppers available. Remember location, location, location is the key to turning them quickly. Hire a licensed contractor to do electrical, plumbing, heating, roofing or any structural work. Do all the labor intensive work yourself such as sheet rock, paint and windows. Don't get greedy and price yourself out of the market. Work with a Real Estate agent that's been in the business at least 10 years. Get several market analysis when you're ready to sell. |
|
Sunny
|
Of course!! that is a real good business.. just try and get foreclosed properties and rundown places - as these are real cheap and can be sold for a lot higher price when fixed
good luck with the business!! |
|
Nancy Kay
|
depends entirely on the local market, and on how you purchase them. here in Southern California, the market is too stagnant to do it. look for an emerging area, also look for bargain prices as foreclosures increase when everybody's adjustable rate mortgage/low payment programs roll over 3-5 years after they purchased for 100% financing and the market floods with available homes. you make your money mostly by how low you buy, not how high you sell...the market tops you off, so you make your profit by buying way under market (way below...more than just the difference of improvements), improving smart and quick, and reselling at or above market. good luck if you venture ahead in these uncertain times... |
|
Homeslice
|
Depends on the housing market in your area. Right now, most of the country is down. You have a better chance of losing money right now. |
|
dustiiart
 |
First depends on where you live and whether that market can and will support it. Next, provided you can grab the houses cheap enough and it doesn't cost you far more to upgrade/improve the place than you anticipated...if you have quality contractors and the work is done top notch...you just may be able to make a go of it.
You would want to investigate whether it's a buyers market or a sellers market in your area. Ideally, you want there to be more clients than houses in reasonable price ranges. Many places are dealing with a buyers market right now so houses are sitting far longer than they would normally and those selling are going for less than asking. Do some research regarding your area and the housing market, whether you can float your business for awhile til the profits do start turning and if there is a contracting firm that does excellent work and won't rip you off.
Good luck if this is the way you choose to go! |
|
Jessica B
 |
Yes, Yes, 100% Yes!
BUT - BEFORE You start anything.....
Do your research!
1. Go to Amazon (or any other place you can buy books) & buy at least two different books on flipping houses & read them both cover to cover. Then you will know more about what you're actually getting yourself in to.
2. Join a local real estate group that focusus on investing/flipping houses.
3. Watch any & all remodeling, home staging and repair shows on tv, (including flip that house, flip this house & property ladder)
4. Go look at fixers. Call up the agent & request a showing. Take a notepad & make notes about what you would do. Take a camera even, & take photos. Then, let another "flipper" buy the property. When the house goes back onto the market, go look at it again. Did that person make the same repairs you would? Take more pictures. Compare them. Know your market!
Before starting on a venture like this....make sure this is what you want to and can do. You have to know your market, where your money is going to come from, have a good agent and be prepared for one hell of a ride!
I would personally suggest a minimum of 3 months of studying & getting all your ducks in a row before attempting anything.
But in the end...it will all pay off! (if done correctly) |
|
peytonbarclay
 |
I'm no expert, but....
You stand a much better chance of making a profit/living if you can do some or most of the work yourself, or actually are the contractor. The more middlemen there are, the more people there are taking a cut of your potential profit.
Obviously, you'd have to have a keen eye and knowledge about the local housing market, building codes, cost of labor & materials, job estimating, etc. to be able to accurately gauge how much money you'd have to put into a house in order to sell it for a profit. You'd also have to be a keen negotiator in buying the properties to rehab, to buy the properties for the lowest possible price to maximize your profit. |
|
evil_paul
|
You can, but it would probably be rough at first, but if you know what your doing you can make a ton of money. Of course it would also depend on the real estate market in your area too. If you don't already, watch the television show Flip That House, you can gain lots of useful tips. I'm a huge fan of the show and am thinking about trying it myself. |
|
LS
|
no. people claim they do but its so rare. don't you think everyone in the world would be doing it if it was? half the people here are lying their butts off. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 16 minutes(s) ago
| | | |
13 | 32 minutes(s) ago
| | | |
13 | 45 minutes(s) ago
| | | |
13 | 54 minutes(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
13 | 6 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
13 | 1 day(s) ago
| | | |
13 | 3 day(s) ago
| | | |
13 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
