 Is it agood time to buy now or is it better to wait? |
| i have 2 mid-600 scores and a high 600 score and i wanna buy a house around $70,000 in houston and i wanted to know if i should buy now or wait.... |
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 We have $360,000, (live in San Diego) not enough to buy a house don't want a condo. Advise.? |
| We have $360,000 it is not enough for a house and we do not want a condo. What advise would you give to us in getting into a house. We just got the money last week and very disappointed in no houses.... |
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 If two people have good jobs, bad credit, & no $ how can I buy a house.? |
| I keep looking all over ........... isn't there a way they can just take our mortgage payment like a direct deposit??????????... |
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 I want to buy a house? |
im 24 and work as a nursery asst i want to buy a house whats the best way and is there any useful websites that can help me.
im a first time ... |
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 My father pass away and left the house to my brother and me but he doesn't want to sell and i do? |
| he left a will that it says that the house is 50-50 but we haven't change it to our name. We have alot of troubles he now lives in the house and i live in the gest house but i want to sell so i ... |
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 Does my landlord have the right to go to my work? |
| my landlord came to my job already 3 times. One time to serve me a 3 day notice in witch he served to me already the day before that on my apartmemt door. What are my rights, or do I have any?... |
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 We have a renter who's lease agreement is up August 31st.? |
| We will not be renewing his lease at that time. We have a feeling that he is going to drag his feet about moving out. If he is still living on the premises after that date, would he be considered ... |
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 Mortgage question...help!? |
| Hi i have put in an offer on a house which was accepted but the owners of the house have a family friend who is trying to buy the property they have until tomorrow to get there things together ... |
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 My landlord is selling the house we rent from him...Do i have any right's, this feels so wrong!? |
| Me my husband and our two kid's moved to this home 12 months ago. My oldest child had to change schools to move here..10 months later we where told that our landlord was going to put this place ... |
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 How do you sell your house when your neighbour's looks unsightly.? |
| I live in a close, of well cared detached houses,apart from one, my next door neighbour and about six weeks ago their front door glass was smashed by accident .Instead of replacing the glass, a piece ... |
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 Can I leave items in a house when I sell It? |
| I have an old house that still has furniture in it that I don't want to have to dispose of. Can I leave it when I sell the house? As soon as the house is sold (to a utility company), it will be ... |
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 The House I'm renting is being foreclosed. What are my rights? |
| I just found out that my landlord has not been paying the mortgage on the house I rent. I've paid all my rent and it's been on time. What are my rights? Do I have to keep paying my landlord ... |
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 In the UK, if a property does "not include bills", how much should i expect to pay for those bills? |
E.g. for electricity, gas, water. (estimate)
Additional Details
Without council tax (i am a student). Also, i wont need telephone because i will use my mobile.... |
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 Buyer makes an offer on a house. Seller makes a counter offer. Now...? |
| Now At this break, we decided we REALLY don't want this property anymore. We want to just reject the counter offer the Seller made and say "We're done." Our real estate agent ... |
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epul (RHH`s Fresh Air) | How do you profit from Real Estate? |
i all ways wanted how do you get rich from doing it |
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xXxI love NarutoxXx
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You buy a house, piece of land, condo, ect. Then, you trick it out! then, once the worth of the home has been raised, you sell it.
Lets say, for example, that you buy an unfinished condo for $10,000. then, you spend $5,000 adding furniture, remodeling, ect. the total cost of ownership is now $15,000. then, you sell the condo for 20,000 or more. Wala! You have earned.
It's usually good to start out with pieces of land, because they are cheaper than actual homes or buildings, and more versatile. then, once you have made enough to purchase a building or two or three, then you can REALLY start earning.
It really does work, to! My uncle did it. He owns a stinkin' three story mansion with like, eight bedrooms, five bathrooms, three living rooms, two kitchens, bleh, you see my point. Hope I helped! |
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Sheki Shabazz
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you buy a house, you fixed it up. and you sell it for more. |
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Kev
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You buy houses in a low price and then re-sell when the real estate value goes up. Or you can buy broken down house, fix it, and sell it for a higher price since it is remodeled. |
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Stinkybum
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Buy a house and sell it at a higher price. Over and over and over and over. Etc. |
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carrie n
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Obviously house flipping is a great way to make a profit, but I wouldn't even chance it in this economic hardship!! People can't even sell their property for what it is actually worth because times are so hard! If you want to make money on real estate, I'd certainly wait until the market is alot better!!! |
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General Custer
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Values tend to go up in sync with inflation. Great location, like waterfront or downtown in vibrant cities, tends to go up more as population increases. Tax issues may be advantageous. Cheap mortgage money allows for great leverage to be used. |
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A Texas Tycoon
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As a real estate investor I use five ways to make money on real estate.
1) Equity Capture -- Any time you buy a house for investment purposes, you should buy the property below market value. An example of a deal I will buy is:
Purchase price: $55,000
Rehab cost: 10.000
Closing Costs: 5,000
Total purchase price: $70,000
After repaired value: 90,000
Equity capture:$90,000(value) - $70,000(cost) = $20,000 equity capture
2) Appreciation: I do not rely on apreciation. In todays market a house may not appreciate at all but in Houston it averages 3% a year.
Example: Value $90,000 * 3% = $2,700 appreciation
3)Principal buydown - each time a tenant pays rent and you make a payment on the house a portion of that rent pays down the principal balance of the mortgage. On a typical fixed rate mortgage for a house in this price range you will get about $30/month in principal buydown.
Example: $30 * 12 months = $360
4) Cash Flow - Never buy a property that will not cash flow. The rent must always bbe more than the mortgage payment.
Example: Rent = $900 a month -Payment of $700 / month = $200 a month in cash flow for a total cash flow of $200 * 12 = $2400
5) Derpeciation - The government allows you to depreciate the value of the house. On a house this size the depreciation expense should be about $2,000 a year.
Example: $2,000 depreciation expense * 25% tax bracket = tax savings of $500.
If you put 20% down and pay for the closing costs and rehab out of pocket you total cah in will be $11,000 + 5,000 + 10,000 = $26,000.
Your tatoal year one return will be $20,000 equity capture + 2,700 appreciation + 360 principal buy down + 2,400 cash flow + 500 tax savings = $25,960.
This is a year one return of almost 100%.
This example is realistic of deals that are done in Houston. This example is alos based on 20% down payment. There are still programs out there with 10% down or less. The returns are amazing.
Real estate, however is not a get rich program. It takes work and time. It is a great way to build wealth.
Find and join a real estete investment club in your area. They will be able to help you a lot. |
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HouAnswerGuy
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2 way:
Buy low sell high : buy at a low price...do inexpensive cosmetic upgrades...sell.
buy and rent:let tenants pay for the property. |
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WDOUI
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It is harder than you think. buying a house and reselling it at a profit is easily said but hard to do epically in these times of extremely tight credit.The idea is to buy and resell as fast as possible with as little expenditures as possible. First of all you need the capital or a bank willing to make a loan. then a contractor to do the work or if you can do it the better.Now fix it and resell but you then need a realtor which takes 6% of the sale cost.As you can see it is hard to make a profit as you are making everyone else a profit.In the past I have made money as much as $85,000 in one day. My last house I paid cash for $175.000 spent $35,000 and have had it up for sale for 1 year and no one is looking to buy. That hurts to be out $210,000 and have no interest.The county reappraised the entire county and now the value is set at $199,000. Hope this helps |
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Helena
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you buy a condo and have someone rent it for more than the amount your mortgage is worth. eventually it will be paid off- then you have a profit. Do this many times and you will be rich. |
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Anonymous
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you purchase a home/property for a very low price, fix it up to where it catches the eyes of a new buyer, and then charge them to going price for it. Basically, you buy low and sell higher. The profit is what you make from point A to point B. Just make sure that the area where you buy it isn't a slum area and that the houses are actually selling there. Otherwise, you're stuck with it for a very long time and you'll probably lose out on some money invested. Location, location, location! GL |
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knightrider2007
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There are lots of ways.
1.) You buy a big block of land with or without buildings on it and subdivide up into smaller blocks to sell for a profit.
2.) You rent your properties out.
3.) Capital gain.
4.) You buy, you renovate, and you flog off for a profit.
5.) You landbank for the future. |
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luzerlarry1
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Buy a house, sell it for more than you paid. Do this a few times, and there is your answer. And with the houses you can get cheap now, it would be a good time to start. |
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Jackson K
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it all depends on luck if the person buys the house 1 week in for high price at that your bound to become a billionare |
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