 Problem with my landlord!!!? |
| I have lived in my apartments for 6 months. My house was broken into in Octber they came out and fixed my door that same day. Now 4 months late my house has been broken into again. This time my door ... |
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 How can we sell the house very quickly??? |
| Our house has been on the market for a month now, which is not long, but as we are moving to Japan at the beggining of January, I am starting to panick...so, how can I make my house more "... |
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 Need to break my 1 year lease immediatley. I really really need help? |
| Lease was effective July 1, 2007. Me and my fiance need out of there immediatley due to us getting sick from the foul odor of the place and the hell on earth neighbor upstairs. I'm going to my ... |
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 Is there law that states I do not have to allow my landlord to show my apartment? |
| My landlord and I got along great I moved in 6 months ago( lease for 6 months) he allowed my to pay extra rent to pay the security deposit as well and I did. I have been very gracious in letting him ... |
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 What do i need in order to get a mortgage? |
| i'm thinking about getting a mortgage next year, but interested to find out how much money i need in order to be eligable for a mortgage, if anyone can help me with this i'd be most ... |
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 My house went to foreclosure and then to sale. I have now been contacted by the bank that purchased the house? |
| The bank that purchased the house has sent me a letter saying I have to vacate the property in 6 days. Is there anything I can do to get more time to vacate or save the house or is it to late for ... |
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 I bonced my rent check, what will happen? |
| My February rent check bounced. So my question is, will the rental agency deduct it from my security deposit, or will they come after me for the money? I have lived in this apartment for a year and a ... |
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 Buying a forclosed home? |
| What are the drawbacks?... |
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 Trying to buy house. listed price 99900 offered 97000 w/seller paying closing w/cap of 2500 what do you think? |
House has been on the market since last november but their realtor is trying to tell us they arent in a hurry to sell...although they already have their eye on a new house.
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 Can i refinance my ballon loan into a fixed loan? |
| my 1st loan 280,000 is a fixed rate 6.65. my second loan 74,000 (15 years fixed with balooon payment of 54,000 at the end). can i just refinance the second loan. or combine the two into one loan. ... |
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| Realtor question.? |
| When selling a home, and one has to go down on price because of the market value....do you pay the realtor their percentage of the price you sold it at? Or do you have to pay the price you put down ... |
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 When is contract invalid? |
Additional Details
I am renting a property and the landlord advertised and agree that the property would have a backyard. Now he says he is not sure what the final outcome will be. A... |
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 Can I get a loan for a home/ mortgage payment before I pick a specific home? |
I am interested in purchasing a home and have a price range in mind. Can I get a loan for a home in my price range before I choose a specific house??
Additional Details
Thank you all so ... |
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 Can you buy a house with no down payment? |
| is it possible to buy a house or condo with no down payment?would it help if you have good credit and your credit score is 758?... |
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 When young should you bue or rent a house? |
| dont know what to do buy or rent for the first time its not time yet but some friends are moving into there own place should a couple of young pepole buy a house or rent a ... |
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 Should my landlord have warned me about a roach problem before I moved in? What can I do about it? |
Obviously I AM REALLY GROSSED OUT.
I noticed one roach in the sink on my first day. There were a couple the second day. On the 4th night, I opened my dishwasher and it was FILLED with ... |
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 We are looking to buy our first home ......? |
and we only have a couple hundred dollars for down payment but have heard about grants helping you with a down payment and closing cost does any one have any info about them ??
or a website that ... |
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 Y or N please: Are realtors more motivated to work with ...? |
| Are realtors more motivated to present to their seller an offer from a buyer who has no realtor they are working with and make the double commission vs. presenting an offer from another realtor where ... |
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KRAYZE KOOLiE | I was wondering, what do you call a person whose a house flipper? |
And I was also wondering if that is a career also and if its a good one. |
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prarthitv
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The house flipper would be called a Real Estate Investor. A career in House Flipping can bring you plenty of rewards if you are willing to be on top of the game. The key to this Industry is staying on top of great Agents and Finding Houses that you are able to work with it. If you are new to this, first thing you need to do is to figure out your Financial Investment Perspective, Get Group of Contractors (Electrical, General, Plumbing) that you can work with and are willing to assist you. Also you need to find genuine Real Estate Agent with great experience who can give you a great perspectives and shed what if-scenarios.
Bottom line, If you are motivated, Go for this, but remember results are not as easy as seen on TV. If you are willing to put in efforts and work smartly, you can make tons of $$$$$$$ |
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Anne
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I think a house flipper is a good name for them! It can be a good career, but you assume a lot of real estate market risk... |
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Gingersnap
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good question!
house flipping is a really new thing so i don't think they have a name for it yet.
i've heard you can make a living at it if you know what you're doing, but in Canada, the government has caught on and will only allow you to "flip" two houses per year or $100 000 per investement before you have to declare income on the benefits.
another way for "them" to get you for your hard earned dollars!
eh?.
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sandimasmom
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If it makes you money. It's a great thing. |
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CF
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One who buys homes for cheap because they are run down, not updated, and not to inspection standards. They fix em up and sell them for usually a lot more than what they paid for it without having to put too much money into it therefore making a pretty good profit.. You can make really good money but at the same time, you need to be careful too. Some do make it a career and do very well, some don't. It is a gamble, so many things depend on the re-sale of the home, i.e. housing market in the area, what type of area it is, schools and so on. And not to mention it's a lot of work! The home we bought was totally re-ferbished. They paid 40,000 for it, and tuned around and sold it to us for 160,000. Good Luck! |
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Don E
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To make money in California now you would have to be a real Magician. In certain times of the real estate market cycle you can make a lot of money. |
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lervy19
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a home-roller? i don't know |
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A_Kansan
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The name for such a person is "speculator." This is because they are speculating that they can purchase, rehabilitate and sell the property for a profit within an extremely short period of time. This period can be a week or two, but usually doesn't extend much beyond a couple of months. Though if they are living in the property, it can extend longer.
An investor may do all three, but purchases a property with the intent of holding it for a longer duration.
I have purchased houses below market value, generally rehabbed them and rented them out. I have invested for the future.
Flipping speculation is hyped if you ask me. Everyone loves a risk taker, and we get to live vicariously through their experiences.
You can do it with the right house, in the right place, at the right price and at the right time.
If you think you can pull all four of these together and make a profit, then . . .
Good Luck |
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batwanda
 |
We call them flippers, but most lenders see this as a tabou word. I would call them a contract wholesaler or a bird dog. |
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satarnag
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usually called an "investor". If they specialize in fixing or modifying homes to improve their value, they usually are called a "rehabber". If they find under valued homes, put them under contract and sell their contracts, they're usually called "bird dogs". However, the term "investor" encompasses all these terms.
It's hard work, but if you're gifted in determining value and have the social and negotiating skills to make deals go through, then you'll be fine.
Regards |
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Francis D
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This is not new..I have friends who do this....its not difficult, but you have to be willing to work. Certain houses are profitable if you can do the math. Just dont play with the ones that depend on the real estate market for profit...this is where it gets tricky and risky... |
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melissa h
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Another word for a "House Flipper" is an 'Investor'. Being an Investor is a very good so-called "career" if you know what you are doing and have smart people representing you. Typically you would buy a property that is priced below market value, fix it up, and then sell it or flip it at the market value and make back the money you spent on upgrades plus some and use that money to "flip" another property, etc. etc. The idea is to always have a net return and build your bank account. |
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