 Refinancing after owning property 2 months.? |
| I purchased a 2 unit building in Aug. 2006. The purchase price was 379000.00. I had to do a 80/20. One loan for 303200.00 w/ a int. rate of 9.25 and the other for 74000.00. w/ int. rate of 12.25. At ... |
|
 Can i have 2 seperate realtors? one for selling my current home and one for buying another? |
| i already have one for buying another but shes way too high for selling mine..she would want 10%! i never even heard of that! i know someone who will do it for 8% can I go with him?... |
|
 Landlord help!? |
Can my landlord get an emergancy court order to evict me and my partner before our tenancy ends?
Additional Details
in the uk!... |
|
 How much is your monthly mortgage? |
| I put zero down. Bought house for 155,OOO in NC. 1160/mo. How much is yours?... |
|
 I need advice. I have an adjustable rate mortgage. My home has no equity. What can I do to lower the pmt? |
| Like many people i was one of the many that got stuck with an adjustable rate mortgage. My pmt is about to adjust, is increasing by $400. I don't know what to do because the housing market is ... |
|
 Should we sell or rent our second home? |
| We have a second home which our parents plan to live in when they retire. The dilema is whether we should sell them the property outright or rent it to them. What makes more sense for both parties ... |
|
 How do i get out of my lease? |
| just moved into ground floor apartment that we pay top dollar for (in our neck of the woods). My husband and i enjoy a smoke on the patio after dinner and i enjoy sitting out there with a book and a ... |
|
 Home rental security deposit: who owns the interests? |
| Hi. I've just moved out of the flat I've been renting for 2.5 years and I was wondering whether I am entitled to get the interests earned on my deposit for this time or if the landlord can ... |
|
 I live with boyfriend. He owns house. I pay "rent" monthly. Should I be required to pay part utilities? |
| He owns the large expensive DC house with no mortgage. I just got first full time job in DC making a decent salary. We are domestic partners - cannot legally get married. Some people argue I ... |
|
 If i am asked to move into a household w/no lease, then told 2 leave how long do i got? |
| a little over a mo. ago i was asked by my fiances family to give up my career and move to new mexico to live w/them his mother has mental issues as the whole family knows and she now says i have to ... |
|
 Tenants beware did you know this? |
| I rented a house for three years, the landlord and myself had a dispute, in which I had to call the police to have him removed and for the last six-month of the tenancy we did not speak, after ... |
|
 Can a landlord charge per day for not returning the key? |
| I recently moved out of my apt in NYC but did not return the key until 12 days later. Can the landlord charge me per day for holding the key?... |
|
 What do i do if my landlord is breaching the tenancy agreement? |
My landlord/agents are not giving me the required 24 hours notice to enter my property to to maintenace work. I would like to know where i stand and what i can do to stop this happening?
T... |
|
 Ca i use my credit card to make a down payment for a house? |
can i use my credit card to make a down payment for a house?
credit line $15k max and no balance on CC. can i use it for a down payment?... |
|
 If you are showing your house to buyers and a rat comes out dragging a rattrap because it didnt quite kill him |
| what is the best way to laugh it off?... What is the appropriate thing to say to potential buyers? It ruined my last deal... I just want to make sure it doesn't happen again...... |
|
|  |
marci f | I have some property to sell asap, but I need to get what I have in it, any ideas? |
I have 3 investment properties that haven't turned out to be so easy to sell. Any ideas on how to sell them asap, and get at least what I owe on them?
Additional Details
The problem is I owe the money to my parents and can't just take a big hit on the lose. I am pretty sure I got taken when I bought the properties from someone else and am now suffering the consequences! Thanks for all your advice. |
 |
 
Drew R
|
The only info I can offer is to list them near the price that you need. If you are not using a broker or Realtor do so, this will target a much bigger population of potential buyers then if you are trying to sell it by yourself. Maybe work a deal to sell them together. Also if you are using a Realtor have them look up comparable properties and what they have sold for, and what prices they are listed at. If you are way above the market then you will not sell even though that is the price that you need, you can either cut your losses and sell for a lower price or play the waiting game for the right buyer to come along. |
|
acermill
 |
The market determines what you can and will get for these properties. Apparently you have tried thus far to sell at a certain price without success. If you have more invested that the current market will bear at sale, you either take the loss or hold on to the properties.
Right now the real estate market is a lot like being in the stock market. When the market goes down, so does your investment vehicle, which is in this case, your rental properties. |
|
debraalbagli
 |
Get a agent that specializing successful in those areas. |
|
CommonCents
 |
Forget about what you owe on them, You cannot get a refund for what you paid, and nobody cares what you paid except you.
They are worth what they are worth.
You gambled when you bought them, and you lost.
Figure out a way to sell them now before they are worth less, or figure out a way to keep them if you want to.
It's the reality of getting involved with big money. Markets don't go up forever. We were in a bubble which has burst.
In some areas property will be going much, much lower. |
|
NWA Ray
|
It depends on the market. What is the supply like? What are your average Days on Market?
Is renting an option?
How long have you owned them?
Basically, if you can't afford a realtor, you need to market the heck out of these properties like there is no tomorrow! Flyers, Videos, Internet Listings, Door to Door in Apartments complexes, postings everywhere you can, contact friends & family, etc.. Market the crap out of them.
If you are an investor & got the properties 20% below market value (as suggested by most investors), then you should be able to hire a realtor & get your cash back.
Check out the book: FLIP - use it as a guide in your future investments.
Here is a link.
http://www.amazon.com/dp/0071486100?tag=cruhogs-20&camp=0&creative=0&linkCode=as1&creativeASIN=0071486100&adid=0JBXHGHK3P1DRAXSX6FK& |
|
nobleinvestments
|
You may want to offer holding a second mortgage, you may be able to attract more investors. We are always looking to reduce the amount of money out of pocket when buying rentals. Using creative financing investors are more willing pay the asking price or close to it. Offering a lease purchase may be an answer. Do your research with the lease purchase and create a win win situation. Hold steady and be patient the market will turn back in our favor. Don't let all these negative people bring you down. |
|
shiprepairwoman
|
You can only get what they are worth to a buyer, buyers don't care what you owe. Maybe a cash back refi on one that isn't upside down to pay down one that is so you owe less when you sell it. |
|
Kathy D
 |
If you could sell on a lease with option to buy, or a land contract you would probably get the price you are asking. Or take back a note and then resell the note. |
|
bigoilman
 |
I think we talked before. If you have to have cash now, you're gonna have to make them attractive to buyers (price and appearance).
My suggestion, if you don't have to have the cash right now, is to sell them with owner financing or rent-to-own. That way, your notes are covered every month (with a little cash flow if done properly) and with the R2O you can wait for the market to "come to you" with higher house values. If your market's already good, you could still turn a nice profit.
E-mail me if you'd like to discuss it further. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 36 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 3 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
