 Selling my house "by owner" and not through a realtor: how does closing work? |
I have never been in this situation before.
I was going to go through a realtor but then I located a highly interested private buyer. He wants to buy my property contingent on the sale of ... |
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 Rent increase not worth it.? |
| My lease just expired, and I received a notice to go into the office and, renew my lease. if I stay on a month too month basis I will be charged to going rate.My problem is that I have lived there ... |
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 What are all the things that can happen if i break a lease that still has a year left and currently and behind? |
| ive been layed off my husbands hours have been cut we can not afford this house anymore we have to move are financial state is not hte same as it was when we first move in if we leave what can happen ... |
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 I am selling my home and have a question on paying the buyer closing costs? |
| The market is horrific right now so as a small bonus I decided to pay HALF of the buyer's closing costs and I've already knocked off $25,000 for the buyer. I really think the buyer is ... |
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 How difficult is it to flip a house??? |
| My husband and I are considering purchasing fixer-upper homes, and reselling them to make a profit. However, we have no experience in doing so. I was wondering if anybody has any experience in doing ... |
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 Can a real estate agent take earnest money if your loan fell through? |
| My sister was trying to purchase a home. With the recent changes in credit scores, her loan didn't go through. Now the real estate agent has been telling her she has to sign a release of the ... |
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 (UK only) Have you slipped into negative equity yet? |
| It seems house prices are starting to tumdle in some ... |
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 I moved into my apt. 1 month ago. I haven't broken the lease, but my landlord is evicting me. What can I do? |
| In the lease it says my fiance and I can have no more than 4 kids everyother weekend. We have a total of 6. We had 4 of them over this weekend and the landlord came to our door telling us we have 2 ... |
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 A friend never signed the lease when he moved in. Does he have to give notice to move? |
| A friend of mine never signed the lease to the apartment he lives in right now. it was suppose to be a 12 month lease and month to month thereafter. it is going on the 15th month of him living there.... |
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 Even if you had a beautiful home, would you move if the schools were not that good? |
| I live in a 4,000 square feet beautiful home in a town where the schools are not that great and we are paying a whole lot of taxes. We just received a letter from the board of education that our ... |
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 Need to break lease, but it's not stated that I can't. Do I still have to pay until they find new tenants? |
I need to move out early. My lease agreement is very very brief and only 1 page. It does not mention any
"penalties" to breaking it.
It states that it's a 1yr contract,... |
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 Is sending a down payment to someone you haven't met in person safe? |
| im trying to buy land. i found some good deals for sale by owner online. i contacted him via email and he sent me info by mail. If i want the land i have to send the down payment to hold the land for ... |
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 Mortgage and home buying advice needed!? |
| Just wondering if someone could help with a couple of queries. My boyfriend and I are looking to buy our first home together. He already has his own house which we are selling. We want to change ... |
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 Mortgage company always at our house? |
| Our mortgage company is a royal pain in the a-s-s. They send a representative to our house every other month, to do a "survey"- basically a guy knocks on our door at like 8 am. (Which is a ... |
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 So I am going to build a home in Western Michigan and all the bids have come back at $125 dollars a square foo |
| t. We were told that we could definitely build a home for under 115. What would be a good number considering the economy that we are in? We are really surprised that it came in so high. Our home ... |
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 Behind on mortgage payments/House for sale? |
| I'm behind on mortgage payments three months. I have a payment due before Saturday of this week and if I don't pay I'm sure foreclosure proceedings will start. Saturday is the ... |
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 Whats the best way to choose a Real Estate Agent when Buying a Home? |
| We are looking at buying our first home and having a hard time choosing an agent. No one we know has bought or sold in recent years so there referals don't really help. We've checked ... |
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 Is it Legal and can a Housing Authority in Pa. evict a tenants pet Dog because she has more than one(1*) Dog ? |
| The lease says she can only have one(1*) Dog in her apartment but she has two(2*).. They are threatening to evict her other Pet Dog but not her, just the Dog... Can this be possible without them ... |
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fatdog | For those of you that are experienced real estate investors.? |
Is there anything you know now that you wish you knew when you started out. Please share your stories and any advice for a beginner. |
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Landlord
 |
Everything costs twice as much as you anticipate.
There is always something else wrong with the property that no one seemed to know about. |
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re4beginners
 |
Don't ever speculate on future property appreciation! Your money is made on the buy, you get paid when you sell. Only do deals that cash flow from day one.
Good Luck |
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Tony D
 |
The best decisions I ever made, investment related, were buying and holding well placed residential real estate. Start young, hang on through the ups and downs and retire wealthy. Learn all you can about the subject. Two excellent books are "Real estate investing from A to Z " by William Pivar and " Building wealth one house at a time " by John Schaub. It's not get rich quick, it's get rich slow. But at least it's get rich! |
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bob W
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rent out other peoples property.
start by looking for desperate sellers. Offer them a 5 year lease to purchase taking over the payments of the property. Advertise the property as rent to own and get 5-10k ( or more ) down payment. Renters will only stay less than a year on average so you can do this 5 times in the 5 years ( all the down payments are your profit ). If any of the renters damage the property beyond quick repair just walk away and let the original owner deal with it and move on to another property. You have all the profit and zero liability |
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glenn
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Buy properties that will rent for a positive cash flow. Have the renter pay a high enough rent that it covers your repairs, taxes, insurance and mortgage payment. If you can do that I would worry about making any other kind of profit right now- you will be gaining an asset on someone else's dime. |
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saberhilt
 |
Know your taxes.
Above and beyond knowing to have a good CPA, what can you personally to help your investments.
Once I openned my dba I started withholding all my taxes from work. Thanks to my dba I had a lot that I could write off. So I started easy and invested the money I would be paying each paycheck in taxes into safe bank options for the first year. the money that I would have just automatically paid to Uncle Sam was now making me money! I still had the money to allow me pay back uncle sam should I need to, but now I had a few more percentage points as well. This gave me some great extra starting capital. |
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C'mon Get Happy
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Don't buy a property if it does not make money! Here is a investment property analysis link: http://visulate.com/cgi-bin/invest.cgi
Screen your tenants, never 'trust your gut'. Buy the must have landlord book "Every Landlords Legal Guide" from www.nolo.com.
Do your homework before you buy your first property, read, read, read!
Join a local property investment group, networking and learning from your peers is invaluable!
Be professional and treat your rental properties as a business.
Treat your tenants like you would want to be treated.
Get familiar with your state landlord tenant law. Landlords are the most sued people in the real estate profession! |
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starshyne59
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Don't listen to ANYONE who tells you that 100% financing is the way to go! (You should never finance more than 60% of the after-repaired value, especially in this slow housing market.)
And, another one: Make sure you understand the forms and documentation required to buy and sell a home, or use a Realtor. |
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Spock (rhp)
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residential investment properties tend to be places I'd rather not live -- ever again! |
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