 Can my landlord still charge me rent? |
| I moved into a house renting, with the option to buy in June. I had noticed black mold in the bathroom 3 weeks before I moved in and mentioned it to the landlord. I was told it'd be taken care ... |
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 Can I transfer my home into someone elses name? |
| My boyfriend and I are living in a home that is in my name. We agreed that if I can transfer into his name than I can move out. How can we do that?... |
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 I have recently bought a house,when i moved in the bath had a hole in it.? |
| the dishwasher did not work and the shower dont get hot,none of this was mentioned when i veiwed the property,can i get the vendors to put this right.... |
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 I'm thinking of moving to nearby Manchester (UK), can anyone tell me the areas I should avoid moving to? |
| I currently live in Halifax, an hour away... thinking of buying my first house in Manchester because there's more going on! Although I'm familiar with the centre I don't know which ... |
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 Is this a reasonabe offer on a house? |
There's a house that is listed at $179,900 that we want to put in an offer on, is this too much to ask for?
-$169,900 offer
-Closing Costs Included
-All appliances included (... |
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 Can renter not pay rent for buying things for the house? |
| So my renter contacted me about some things she wanted for the house, new carpet in bedrooms, heating, etc...and I was out of town on business but told her I would have a contractor come over when I ... |
|
 How much should I charge someone to park their RV on my property? |
They will be parking overnight every day, will use electrcity every now and then, but will not have access to the house.
I live in Orange County, OC.
Please give advice on the price I... |
|
 Landlord verses tenant..who would win in court? |
| We moved into a place, we never got a lease to sign after asking quite a few times to sign one. We verbally agreed to stay a year. Very noisey people moved in below us a couple weeks later and we ... |
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 I'm renting a home & the owner wants to sell? |
I'm renting a house & the owner wants to sell it.
He wants to show it this weekend, I only have 1 day to get it together but my question is do I have to let people in my home when my ... |
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 I'm losing my home..? |
| i bought my 1st home as a single mom in 1995. 8 years later sold it and bought my 2nd home alone. well, i fell in love with a soldier, left my 60k/yr job to relocate with him. now unemployed, we are ... |
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 How do low income people afford buying a house? |
| I literaly do not have any capital to put down a significant down payment. For those who are working poor, how can they seek and afford to purchase a home?... |
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 My wife and i are interested in purchasing an investment property in Florida.? |
| We are thinking of the Orlando area but don't know where to start as we live in Ireland. We see ourselves using the property for 2 weeks a year and would like it rented out for the rest of the ... |
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 Will I be penalized for moving 4 mths early on my lease? |
| I was recently told my job was laying me off permanently. I plan on taking my unemployment but I can't pay my rent with it, so I have to leave my apartment.... |
|
 Estate agent is forcing me to pay a month's rent because i forgot to give a month's notice!? |
it was in the contract that i needed to give a month's notice if i wanted to leave after 6 months, otherwise it would roll on month after month until i gave further notice.
but I have ... |
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Larita B | How does one buy real estate without any money? |
I've heard many gurus talk about buying real estate with no money out of pocket. Is this really possible? I want to hear of a strategy that really works not something theoretical. |
 |
 
dvskv
 |
The gurus have at least enough $$ to make the deposit and handle the settlement closing costs.
What they do is apply for the maximum loan based on the value of the property in addition to taking into consideration what they expect rental of the property will cover the monthly mortgage loan pymts, taxes and insurance which the finance books refer to as utilizing LEVERAGE (someone's else money <= the banks) while tenants are covering the monthly payments etc.
There are risks like if the property is vacant as well as maintaining good receipts of the cash flow bec one has to pay taxes...though an invesor will often depreciate what is allowable to bring down their taxable income more.
In real life, it's not as easy as they claim and real estate is also not liquid meaning if the market changed & got worse, to sell real estate takes time and requires the Seller to pay selling costs etc |
|
What's Up?
 |
You should read some books on this, Go to a book store like Barnes N Noble and see what you can find in the real estate section. There are ways of doing this but it is some what of a gamble on your own finances, That does not mean that it can't be done though. |
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C. Niall Oldman
|
You have to sell your flying pigs before hell freezes over. |
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john g
 |
you go and borrow the money. |
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Jasmine G
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U can Get a loan!!! |
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Princess LovAngel
|
u need money to buy anything these days but if u dont have it in your pocket then pull some out of the bank or write a check or use credit but make sure u dont over do it u need that money to live on |
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CABICE
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Don't fall for any of that infomercial stuff - YOU NEED MONEY TO BUY THINGS |
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sflrealtor
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Start out with good credit and being able to qualify for 100% financing. Identify the property. It the seller is sufficiently desperate then they will agree to pay all your closing costs. You may have to still come out of pocket with money for the inspection or the appraisal, and some kind of earnest money deposit, but all this you can recover at closing if the seller agrees. Net out of pocket will then be $0. I've heard of (never seen), buyers actually leaving the closing table with money. |
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Shauny Boiii
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lol |
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joe a
|
Some lenders will lend you up to 80% of the After Repair Value of a property. It works like a construction loan - mainly local banks make these loans. I just closed on a HUD property. ARV was $159,000 based on an appraisal the bank had done. Purchase price was $117,000. My loan was for $127,200. This amount covered all my closing costs and I got a check at closing for $7,234 for repairs. |
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Mr. God
|
If what those "gurus" are trying to sell you was true, why are they trying to make money from that instead of real estate?
However, if you buy those books quickly, they will throw in a set of Gensu knifes. |
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drdebate
|
One of two ways. First and foremost, you need a good credit score. In some areas, like California, you can get 110% financing. That will cover the home, taxes and closing costs. The other way is to buy a home for less then it's worth. If you buy a house for 80% of what it's worth, you can finance the whole thing because you are instantly aquiring 20% of its equity. |
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burghgirl
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You can buy a home with an 80/20 mortgage, but you'll probably still need to have some "hand money". The 80/20 mortgage is actuall a mortgage for 80% of the cost of the house and then you take out a loan for the other 20%. You don't pay PMI, but you have to be careful not to get burned on the terms of the loan. |
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Wize Guy
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Sure you need money but not necessarily yours,you borrow from a bank or other sources,but don't come looking to borrow from me. |
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