 Saw a house for sale I liked, how would I buy it? |
I have yet to begin saving, and me and my boyfriend make 70k a year, and its only 150k. How do I begin the process? Anything I should be on the lookout for?
Additional Details
I have ... |
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 Does wearing shorts and shirt in the pool affect the "health" of the pool? |
*The clothes are mostly cotton
*What about spas/hot tubs?
*In an apartment situation is it legal for one of the employ to kick you out of the pool just because you are not wearing a bathing ... |
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 A name for my house? |
I have just bought a new terraced cottage in a village and want to give it a name. My name is benton. any ideas?
Additional Details
I have bought a house on duke street and my name is ... |
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 Does a real estate agent really truly represent the best interests of a buyer? |
| Because usually both the seller and buyer agent get their cut from the final sell price, it seems like it's in their best interest to get the highest price so they each get a better commission. B... |
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 If my power went out while i was gone and food spoiled,should my landlord reimburse me for the food or...? |
knock the price of the food off the rent? The energy people came and fixed it temporarily but said it was my landlords problem.
Additional Details
The power company said we were still ... |
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 A house is refinance for $199,000 and the payoff is $159,750. What exactly is meant by "payoff"? |
| I was at a foreclosure training session and the speaker was speaking very fast and time was limited. He shared information on a real deal that actually took place. He gave the refinance amount, the ... |
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 Could a good Lawyer afford this price for a condominium??? |
$1,395,000=the whole price.
how much would it be a month?
and could a good lawyer afford it?
Additional Details
I want to live in a condominium Skyscraper in
San F... |
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 Landlord/Apartment issue...please help!!? |
| My boyfriend and I moved/rented a 2 bed/2bath condo for $864 a month in Tempe, AZ. His little sister had an extenuating circumstance with her roommates and needed to move in with us. Now my landlord ... |
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 Can I sublet my room without permission from my roommates? |
| I would like to move in with my boyfriend, and sublet my room for a year. The room would be a fully furnished sublet. I confronted my roommates about subletting, and initially, they were ... |
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 How far in advance do you go to the bank to begin a mortgage...? |
| I would like to know a proper or reasonable amount of time in advance of buying house that you go in and talk to a bank as to how much a person can borrow. I would not be looking to buy a house for ... |
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 Landlord Tenant Dispute? |
| I am a landlord and I am currently in the process of evicting a tenant. In a recent conversation with another tenant of the home I have been informed that the stove, the washer and dryer have ... |
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 What should I do about apartment security deposit? |
| I've been out of my apartment in upstate ny for 2 wks now, and I finally received my security deposit back, or a small part of it!! I put down $300 security deposit and only received a money ... |
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| Were to get help when we are behind 3 mortgage payments? |
| Im the main bread winner in the home and i've been out of work since febuary on sick leave my huusbands earnings are not enough to maintain all of our other bills plus the house payments so we ... |
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 I am being evicted from my apt. and my landlord is only giving me 3 days to get out.? |
| I live in Indiana. this doesn't seem like much time. Is this right? is this legal? thank you for your help.... |
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Brian K | Having difficulties keeping on top of my buy to let mortgages.rents too low payments too high.? |
I,ve got several btl mortgages,rents are miles away from the repayments,and i cant manage to pay the shortfalls.I dont know whether to carry on paying whatever comes in,or hand back the keys.If I hand in the keys,I need to know what the implications are,I,m worried about my home.Does anyone out there know any info that can help me. |
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achrimsdale
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default on the mortgage your creditors can come after your other assests.
The BTL market is, as you have noticed, going downhill, there is a glut of properties coming on to the market as people try to offload.
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Marky
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You would be better off selling some of the properties.
If you default in your mortgage, you could get a serious bad credit raiting. |
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Ozz
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Depends what similiar properties are renting for. IF you increase the rent you may find you end up with voids, which kinda defeats the object.
Personally I think house prices have peaked and will start to slide (possibly for a long time). You may want to seriously consider selling some (or all?) if you are struggling before it gets worse, as interest rates are still on the rise. |
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Former BTL
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I'm trying to sell my Buy-to-Let properties. I'm in the same situation as you: rents too low and mortgage payments too high. I considered the option of moving to an IO mortgage but the interest rate rises have prevented this being affordable. How do your rents compare with similar properties in the area? If they are similar, you can't increase the rents because then you'll lose your tennants to the other landlords (who will then be cheaper). If this is the case, the only option is to sell. You might want to do this as soon as possible, considering media reports of a slowdown in the property market. Don't miss the boat - sell while your property is still worth what you paid for it! |
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James M
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Sell the properties or get a letting agency to run them for you. |
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JS
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I would look at how much you pay in interest on the mortgages, and work out the monthly rate. Then get a value on your houses. Apply the monthly rate to the market value of the house (less 10%).
The opportunity cost of you holding on to your houses is the interest you are paying month in, month out, on the realistic value that you can raise from your house. |
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Imp
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If you sell one, would you have capital gains tax to pay? If so, you may have to sell another one to pay the capital gains tax on the first. But then you may have to pay capital gains tax on the second so then you would have to sell a third........ Can you afford to sell? |
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My name's MUD
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Sell ONE the market has peaked now and you should get some profits. |
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xenobyte72
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A lot of businesses are moving premises away from London, assuming you aren't in London, I would suggest converting your rental property to office space and boost the rent. Definitely get agents to manage it.
This will obviously require an initial outlay but you have to speculate to accumulate. Speak to a bank about a business loan. |
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mia170107
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hi you may be able to rearrange the credit and get better rates. Email me on quotes@mukconnections.co.uk and i would be able to provide you with some free no obligation quotes. |
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lucy82
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I work for a letting agent a we always try and get as much as possible for people on their buy to let properties, depending what part of the country you are in will obviously effect the amount of rent you can get - I work in Devon so rent and house prices are quite high.
Did you work out the rent for yourself? or did you get a agent in? if you did the rent yourself the best thing to do is get a agent in and get a valuation from the to see if you are charging the correct price you may be missing out a lot of money if you have priced them your self.
if you really are struggling then there is no point having lots of properties and not being able to afford them the whole point of buying to let is that the end you have a property that you didn't have to pay for!
Maybe get a rental valuation then go from there if you still can't cover your payments best sell a couple before you get you self in to debt and worst case scenario have to go bankrupt cos of it |
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rs19uk
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....it really annoys me when people answer questions and dont really know what they are on about, and never give a source for the information provided!!!
If you have your BTL mortgages on a repayment basis, then until rents start going up then you could always switch to an interest only basis. Then you are not selling assets and will gain from any property price increases in the future. |
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