 Buying a house at 24 and $30,000 a year? |
| Hi, everyone. I am expecting to stay in this area for atleast 5 years and I want to purchase a home instead of renting. I am a single 24 year old female, bringing home about 1700/month. I owe 1100... |
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 Does the government in the UK provide any kind of support for young people to buy their first house??? |
| I know in some countries (like Netherlands), the government provide cheap houses for young buyers. Is this the case in the UK??? If not, is there any other kind of support that government provides ... |
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 Mortgage payment? |
If I bought a 200K home and the seller agrees to
sell it for say 180K and put 70K down payment(70K
is cash on hand) could I get a total mortgage payment for under $700.00 per month.Also My<... |
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 Ever heard of a grant to fix up your house? |
I bought a fixer upper and want to know if there are any programs out there that help
with fixing them up. I heard that there were
but I dont remember the exacts....Any info would be ... |
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 I have 6 months left on my lease but I want to get out of it. Any advice as to how I can do this? |
| I also want to be sure that I dont encounter any legal issues and Im hoping to get my last month deposit back....... |
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 Tenants rights? Do I have any? |
| We live in a ground floor flat of an old house which is all single glazed. We are spending £40 a week in Gas (which we simply cannot afford) and we have 2 small children (1 & 2 yrs) who shiver ... |
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 How do you get into rental properties with no money down? |
| I'm trying to get into real estate as a landlord in the Houston area. I have no down payment, but excellent credit. Thanks in advance for your help.... |
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 Landlord wants us out? |
IN NY state.
About 8/7/07, we made a deposit for a rental home with the remaining to be paid Sept 1/07 at which time we would have drawn up the lease . LL give us the keys and told us that we ... |
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 Who do you blame for the sub-prime mortgage crisis? |
| Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with ... |
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 Own 2 houses and need to walk away from 2nd one.? |
| Buyer for my 1st house backed out and i cannot do both mortgages. if I move back to 1st house and forclose on 2nd will i lose both even if i have homestead protection on 1st when i move back in. F... |
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 Whens the best time to sell? |
| I bought my home last year for 95,000 for a 3 bed terraced. It needs a bit of work such as double glazing, ect but was still a bargain.The area isnt the best. Is it best to wait, are prices coming ... |
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 How could I find out if I my neighborhood allows me to rent out my house? |
| Hi all - I am considering moving out of my house and renting it out so I can buy another place. However, my house is in an upper class, somewhat exclusive area and I am worried that rentals may be ... |
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 Does a house go up in value faster and higher than a condo? |
| I am considering buying a triplex or a condo. Which is a better investment? From my perspective, the condo is simpler and easier to maintain, but is small. The house is bigger and has more ... |
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 Can I lose my home if my renters do not pay? |
| I have a home which was occupied with renters. They have stopped making payments to me so I fell behind $10K on my mortgage. I've evicted them and now I am facing foreclosure. I have not ... |
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 Is it really too presumptious for me to think I'm going to qualify for a home loan? |
| We recently moved into our dream home and the owner was willing to lease to us until we were ready to buy. Things have changed however; and he's pushing us to buy NOW. My husband and I have both ... |
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blackbuttafly12 | Is it necessary....? |
My husband and I plan on starting business in real estate investments. Is it completly necessary for us to have a professional business plan written up in order to receive funding? |
 |
 
Brian G
|
Real estate investing may be viewed differently by lenders than a regular storefront business because the collateral is there for them to take if you don't repay your loan(s). Some may require a business plan, others may not. But a sound business plan is always a good idea when starting a business whether the lender requires one or not. It will help keep you on track and remember what you started out to do when things start getting sidetracked. |
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QandA
|
It depends on where you will get funding from. If you will apply for a business loan from a bank then they will require a business plan. If you plan to start the business with your own money then it isn't completely necessary but it is a good idea to have one. If you are serious about the business then you should develop a clear plan and understand all the risks involved, and know how much profit you need to keep afloat. good luck |
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lvillejj
 |
Yes if you want a bank loan. |
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Push
 |
Have a plan or a back up just in case it doesnt work out. Its better to be safe then sorry. |
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evilkidstevey
|
It helps to have some sort of business plan. There are many websites that will help you write out the basics of a business plan.
ie
Where the loan money will be allocated. |
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Joker
 |
No. It's completely necessary to have the financial backing is all. They don't care what you're going to do, just as long as you'll be a low risk and have some kind of way to recoup some losses if you fail.
Start small and build up your equity. If you dive in, you're asking for disaster. |
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♥♥ I _Love_Love ♥ ♥
 |
yes its a fundamental part |
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politicallyincorrectfromtexas
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Probably...but a better question is : Why would you try to start a business without one? Most small business' fail because of lack of planning. Take the time to do it right. Even if a family member offered to loan you the money you have GOT to have a real plan. Good Luck! |
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chris 2k
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Depend on the actual type of real estate investment. Large properties, or expensive properties would require it. Houses that are under foreclosure would not have any funds given, and residential dwellings selling for less than market value would not require a big proposal. Good luck. |
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Joseph H
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Yes
You should always cover ever base before you enter into a business. That goes for all businesses big or small. When you are a asking for money from some one and if they have any doubt that you might not have your ducks in a row they will pull out in a heart beat. Your business plan is your time to show them you know what you are doing |
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Mucho
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That's up to from whomever you are trying to borrow money. If a lending institution, yes, and you will need collateral. If a relative/friend - their choice. GL. |
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