 First time mortgage - chances of getting approved? no down payment? |
| ok so i have a few questions. my husband and i are looking into buying our own home, after ive been renting for 3 yrs, hes been renting for 2. we have an opportunity to buy a great house from a ... |
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 Are there ANY mortgage companies out there that will finance someone with at 475 beacon??? |
| I already have a mortgage on my home. I recently went through some bad money problems with a repo and my mortgage payment went 2 payments past due. I do NOT have the extra money to catch up these 2 ... |
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 My wife is driving me crazy! We are looking at houses in New Jersey and she says no to everything we look @ |
| Here is the thing. We are on a budget here in NJ. The housing is rediculously expensive here, and the taxes are too high. We are looking to only spend a max of 300K on a house, and we are looking ... |
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 Any creative ideas for selling a house? I know the market is tough, but I'm surprised it's THIS hard! |
Additional Details
This home is well maintained, in a good neighborhood and priced right - but getting no interest. Maybe someone out there knows something we don't know. Serious ... |
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 How do I get rent assistance? |
| Any ideas of places that will provide rent assistance? For example, vouchers, money, checks, and such. The Housing rent assistance, where they base your rent on 30% of your income takes forever to ... |
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 Have you ever flipped a house?? |
I am really thinking about flipping a house.
I was just wandering if anyone had any advise to give to me. Also where do you get the money to do all of the construction and buy all of the things ... |
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 I just signed a lease in November but I want to move. I don't want to affect my credit so what should I do? |
| I have had mice problems since I have moved in here last year. The complex would send out pest control who would set out traps but this wouldn't take care of the problems. Finally after I had ... |
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 Paying off my mortgage? |
| I came into some $ via an inheretence recently...and it is enough to pay off my 30 year mortgage at 8.1% completely.....I want to pay myself back this money monthly, and it would only take 15 years ... |
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 What happens to my good faith deposit if the seller doesn't respond to my offer and we opt out of buying? |
| We made an offer on a short sale house, it is in escrow and we put a good faith deposit down on it. The sellers lender hasn't responded to our offer. We are thinking of not waiting around. Do ... |
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 I was curious how a house value is based upon it's market value? (See below)? |
| My wife and I bought our first house in september of last year at that time we paid 174K the valation according to the State of Maryland was only 86K. State of Maryland values it's properties ... |
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 Who pays for the home warranty and the survey? The buyer or seller? |
Have yet to make first offer, just got approved @ 5.875% for 30 years. Any Advice Please!
Additional Details
Got approved through FHA... |
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 Any Good Real Estate Sites sites to list my home for FREE ? |
| Does anyone know of any Real Estate websites where we can list our home either free or inexpensively ?... |
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 Who would I report this problem too? Too many people in 2 bedroom apartments? |
| I live in an apartment complex, all are 2 bedroom apartments. Many of these have 10-15 people living in them and are way overcrowded, I know this is against the state laws, but who would I call to ... |
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 What good is an open house? |
| I am FSBO selling my home. When I first began marketing the home I was getting about 3 showing per week. This until I quickly realized that everyone was likely window shopping, or nosy neighbors. So I... |
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| Is this a legal eviction in NYC when a landlord gives 7 day notice but no valid reason? |
| I rent a room in a brownstone in NYC on a week to week basis. Any time in the past that I've asked the landlord to fix something, he always says that he doesn't have the money to make any ... |
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saintpatric | I'm moving with no plans to return in the near future. Is it financially smarter to rent or sell my house? |
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Ben L
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It depends on your financial situation. But my opinion is to rent if your rental income exceeds the monthly expenses (e.g. mortgage + taxes + HOA + possible property management fees)
If you are in a good financial position (not heavily leveraged), then as long as you are recouping maybe 80% of your monthly expenses, it could still be profitable for you. This requires more number crunching on your part though.
Here is an article that covers some of the more critical aspects:
http://www.smartmoney.com/home/selling/index.cfm?story=rentorsell |
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Julie
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2 things to consider renting u still have to maintain it, selling the house its gone. Depending on what u can get for the home and what u owe. Renting your home can make u money if you have the right people in the home. |
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Dos
 |
I'm about half in the same boat, for me it depends on the bottom line, can you rent for profit and or brake even on the monthly along with vacancies and maintenance? Can you sell and make capital gains without paying taxes? Are you sure you will not come back and if you did would it be difficult to get back in? These are the questions I'm facing. The capital gain tax issues is the biggest concern if in fact you stand to cash in, right now all across the country (USA) the market is down, the real question is: Can you sell? if you can and make some tax free bucks and don't care about coming back then do it! Buy some good Champagne and have some fun. |
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the_fatmanwalksalone
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I would rent it until you have settled in, in your new location. Secure yourself a job, a great place to live, settle down and make sure you're going to be happy there, before you sell your old place. As it stands, it's your safety net, incase anything doesnt go to plan...
And i think having a rental property is a smart move. People are always going to need a roof over there heads, so you'll probably never be short of tenants, provided the house is in a good location. If you have the option of waiting, why not bide your time until property values are at a high and then sell. |
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lee t
 |
financialy speaking it all depends on:
capital gains
how much is your payment
how much will it rent for
what is the anticipated rate of apreciation or depreciation on
on your home
what type of financing do you have
do you need any money you may get from the sale
what is your monthly equity gain
what improvments if any will need to be done in the time your
gone
how will the income and deductions affect you if you rent
In addition to financial questions you must ask yourself :
how will you handle any repairs
who wiil rent it and over see it while your gone
how will you know if tenant is doing damage or illegal
activeities, many state laws allow the state to take
the property if tenant is convicted of dealing drugs
etc.
what will you do if tenant just doesnt pay you
who will do yard work, snow if applicale etc. what if they
don't
how familiar are you with housing laws, discrimination
laws, landlord tenant law, lead based paint if home
is pre 1978 housing
etc. |
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Chrissy
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passing you a calculator .....do the math buddy, do the math |
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satixus
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There are consideration you should look unto... If you want it rented, then monthly you have at least money to spend but you will always need to maintain that house...
if you want to sell it, ask yourself if where will you put the money?
if its a good business oyu putting your money... then go sell it!
VISIT ME PLEASE: http://www.geocities.com/satixus/SatixusEstate.html |
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satarnag
 |
As others have stated, it all depends on the math and your holding power. If it makes sense and you can afford to do so, it's better to keep property (I bet you never heard of a real estate agent telling you not to sell!). If any part of your issue is in Southern California, contact me and I'll help you out.
Regards |
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atlanta
 |
Sell... |
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manabovetime
 |
Unload it NOW, before the Housing Bubble bursts and you lose 40-50% of its value. |
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