 Tips for buying an investment property? |
Hello. I would like to buy an investment property. Either a cheap unit or cheap holiday house. Does anyone have any advice or words of wisdom?
Preferably answers from Australian people due to ... |
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 What average can you expect to pay for closing cost? |
Additional Details
This is for a 3 bedroom 2 full bath finished basement 1800 sq. feet listed at $98,000 if that matters.... |
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 Landlords: Why is it your business whether your tenants have jobs? |
| As long as you have the money in your greedy little hand each month at the same time, why is it any of your business whether your tenants are working?... |
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 Does burying a statue of St. Joseph in your yard really help sell your house? |
| You hear about all the success stories, but what about the ones where it DIDN'T work? There must be tons of those, as well...... |
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 Can a landlord not allow me to join a lease? |
| I have been subletting without the landlord's approval for a couple of months and now that the lease is coming to an end, I want to stay in the apartment. However, my subleaser is moving away ... |
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 Where can I find totally free public records for a house purhcase? |
| I put a bid in on a house, was turned down, where can I find out how much the house was actually sold for?... |
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 How long should you expect to wait to get an answer from an appraiser for buying a house? |
| Does anyone know how long it should take? We're selling our house and have waited over two weeks now for the potential home buyers to get a response. They're mad as well since they have ... |
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 Inspector told us it needs a new roof.? |
| we are going to get some bids. then, i guess, the realtor presents them to the seller? how likely are they to give us an allowance for this?... |
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 I applied for a house through the counci read on? |
but there said it would take 6 years
isnt there a quicker way
Additional Details
I applied for a house through the council
im 21 and I ll be about 26 thats just ... |
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 Buying a house-- what utilities do I need to change into our name? |
hello there,
We're buying a home in 2 weeks and someone mentioned I need to change all of the utilities into my name.
Does anyone know of all of the different companies I need to call?... |
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 My dad passed away on the 29/12/07 and we are trying to sort his estate but we can not find the property deeds |
| we are tryingto sort the estate out for my mom but can not find the property deeds we have tryed all the banks he had an account with but no luck does any one know how we can locate the deeds i know ... |
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 Mortgage Insurance...? |
| I am refinancing my house and have been told that I need mortgage insurance....$1,500 on a $105,000 loan...What is it and is it neccessary???... |
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 Renting property advice? |
| I bought my flat to live in 18 mths ago, however i am now going to move in with my girlfriend & want to rent my flat out . How will this effect my morgage ie will the interest percentage go up if ... |
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 How negotiable are realtors on their list price? |
| Is it ok to offer 80%, kind of like buying a car? If the house is in ok condition.... |
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 How do I find out who owns a property? |
| I am interested in applying for a grant to open up a former community center btu I don't know who owns the property at the moment. I'm in New York City, how do I ago about getting that ... |
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 Any landlords dealing with non-paying tenets out there? |
| Evicting is very expensive. Any other suggestions to motivate him to either pay or move out?... |
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 Is having a home inspection done a smart idea, even for a new construction home? |
| I have learned not to trust my builder since signing the initial contract back in February '07. We are going to closing in 2 weeks (June 25) and have been talking to a lot of friends who say we ... |
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 If my neighbor keyed my car, can I make the landlord pay for it? |
| We have these really rotten neighbors. They have stolen our stuff, broken our stuff and vandalized our stuff. The landlord refuses to get rid of them saying he has a "vested financial interest&... |
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thlslsborlng | If house prices are so low right now and still dropping why does my rent still keep going up? |
I live in Michigan where house values are at an all time low. You can buy a house that 6 years ago was 200,000 for about 140,000 now. I don't have the time for a house and have been living in an apartment for the past 6 years. All residents pay their own gas and electricity so the increase can't be because of that. Every year its gone up about 4%. Shouldn't it be going down? |
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smedrik
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Supply and demand, a crashing housing market is a booming rental market.
People are loosing their homes in mass right now and they are all looking for rentals! Landlords can inflate rent because the demand is there. |
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PennyLeeD2
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House values may have dropped, but unless your landlord sells the property, he is still paying the same amount for his mortgage. All his other costs are going up.
The rent is based in part on what similar apartments are renting for, and in part on all his costs. If a whole buch of people come in and buy those devalued properties, then figured out the rent to cover their costs, then those units would have cheaper rent. That means the market price would come down. The other rents would go down or the remaining landlords would have to sell. |
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doane_nut
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Why? The cost of everything else has gone up and your landlord still needs to eat or buy gas. |
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childavenue
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Maybe a lot of people are losing their homes and moving into the appts. Have you considered buying a townhouse or condo? You should be able to get one inexpensively now with all the foreclosures and never have to worry about your rent going up again. |
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chatsplas
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supply and demand
more people now want to/ have to rent
property taxes rise as do maintenance and repair costs |
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mister ed
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those folks who lost there homes are moving into apts and so there is a tight squeeze -- your manager chances are would like to see you move so they can jack the rent up even more!!! |
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alicethetitan
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I haven't heard of it going down...I've only heard of house prices and that of basically everything else going up. |
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reenzz
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Because of those people who can not afford to buy a home or have been foreclosed on need a place to live now...making it a landlords market. Also..in case you haven't noticed...everything has gone up. Gas, Oil, Electric, Water, Sewage, Trash, Cable...and especially taxes. |
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Sharon T
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No, the costs of ownership keep going up. Taxes are higher in most locales. Insurance is higher.
As long as the increases don't exceed the CPI by much, they are reasonable. |
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