 Any LANDLORDS out there. i need advice ???? |
| i am a new landlord looking to rent out an apartment. i am looking for tenants. what is the best way to advertise? how have you been able to find tenants. also, are there any good websites to ... |
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 What are the best areas to move to if im looking for a home under $75000 but in an appreciating area? |
| I am currently in central NC and cant afford housing in this area, what would be a closer place i could move with affordable housing $50-$70,000 in an appreciaing area with good job growth??... |
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 I want to buy a new home before I sell my old home. how? |
| I know the housing market is bad. Houses in my area aren't selling. Prices are going lower. I've found my perfect home and I want to buy it. I think I should be able to just pay ... |
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 Is it against the law to rent a house or apartment to an illegal alien in USA? |
| I see more and more illegal aliens living in apartments near my house in Sullivan County, NY. Sometimes, they come to ask if I want to rent an apartment on top of my garage that I have for guests. T... |
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 What is the real reason people are not paying their mortgages? Why such an increase in delinquency & forclose? |
| Is it because people were not making enough money at the time of purchase to make future payments on the mortgage when rates adjust up? In essence expecting to make more money in the future to be ... |
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 Put extra money on the mortgage or into uprgrades in the house? |
| We have a good chunk of money in a savings account and may need to sell our house within a year. What will get a better return on our money? Putting the money down on the principle of the mortgage ... |
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 Do buyers have to pay their realtor a commission or only the seller? |
| We are working with a realtor right now who has been showing us alot of houses. When we buy the house, do we have to pay him anything, or is he getting paid from the seller?... |
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 Can a landlord change the price of the rent with only giving a weeks notice? |
| My roommate's boyfriend moved in with us, however we did not add him to our lease. Our landlord's live next door to us and knew that he was living there. At the beginning of the month we ... |
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 Is it a good time to purchase a home? |
| I'm 24 years old, single, and no children. I am looking to purchase because I am tired of being in an apartment. Should I wait till the market gets better or is now a good time since it is a ... |
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 Does anyone have any unique closing gift ideas for realtors? |
Looking for ideas $25 and under
Additional Details
I am referring to giving a closing gift to my ... |
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 Tenancy agreement ?what does this mean to you? |
I have just recieved a bill for water rates but from what I understood in my tenacy agreement my landlord is liable,what does this section mean to you:-
Additional rent in respect of ... |
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 Contract was sign to sell our house. Photos were taken. After 1 week, it is not in the market. Please advice.? |
| It was signed August 7, 2007. By August 14, we tried to call the estate agents 3 times and they said, they will send somebody. Then, they called and sent a couple to view the house (Mr. & Mrs. R... |
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 Can i refuse to take work home with me? |
| if i work a 30hour week7.00am-13.00pm (contracted) can work get me to be on standby (this means taking a mobile home and work from home)from 6-11pm this means 11hours and then i still have to go to ... |
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 Should i have the home I'm purchasing inspected before I make my first offer? |
| I'm buying a new home and need to know if I should have it appraised before I make my first offer.... |
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 If a dead tree falls over from the property next door, are they liable? |
| Ok so I am a college student subleasing a room in a house for the summer from a company. There is a parking lot behind the houses which all the tenants use. There is an adjacent property next door ... |
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 If you rent...........? |
what is the rent on your home? how many bedrooms and what area do you live in?? do you think its to much or cheap?
Additional Details
i live in a 3 bed cottage (south england) ÂŁ600 per ... |
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 What does it mean when the company that you pay your home mortgage files for bankruptcy? |
| I pay my home mortgage to American Home Mortgage and I just saw online today that they are filing for bankruptcy.... |
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KiNG⋆LATiNO | Is it possible to buy a $250K apartment with only $15K down payment? |
I make 85K a year and i want to purchase a rental property for cash flow. Thanks!
Additional Details
I'm not buying in the state that I live in. And that x2 salary myth is a load of crap. thanks everyone! |
 |
 
iceman
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Most likely someone will finanace you.
You will be paying higher interest rates. Normally the banks want 20% down. So if you can only get 5-7% down you will be paying higher amounts on that % you cant get down.
As long as your credit score is ok ---Your income is more then suffiencent , so you will not have trouble finding someone to work with you. |
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Monstblitz
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Yes. You can buy a 250 K apartment with no money down if you wanted. But you pay higher interest rates. Make sure you crunch the numbers and make sure you can turn a profit before purchasing rental. If it's out of state, you would most likely need to hire a management company and they take a large chunk. |
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TRP198
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It is possible.
It's even possible for 100% financing for 1-4 units since it's considered to be residential mortgage. Most mortgage brokers and banks only deal with residentail, so it is very easy to find a high LTV mortgage for 1-4 units.
Multifamily with 5+ units will be considered to be commercail, you need to have 20% down for commercail mortgage. |
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Sane
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Your in the US so if your credit is intact and you meet the debt ratio requirements, there should be no reason you cannot get financed. You will most likely have to go HFA if you qualify, and you will pay a slightly higher rate. |
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♫Rock'n'Rob♫
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yes you can you can also buy an apartment with no money down the typical down payment is 20% but the lenders will loan you 100% you will just have to pay PMI insurance which isn't much until you reach 20% |
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porno
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youll probly need some of that for paper work and yeah i think u can.. i bought my home (410k) 100 finance and paid like 7k in paper work! |
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Mike
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It is never a good idea to have rental property out of state.
It is never a good idea to FINANCE rental property. If you dont own it outright, you are going to pay a fortune in interest. A $235,000 mortgage will have a payment of about $1400... plus insurance and tax, which is more for a rental property in many states. So to profit, you need to rent it for about $2,000.00 per month.... which is a lot for rent, depending on location.
Rental property is great, but if it is out of state and you have to depend on a management company, and you have to finance a mortgage for it, it is a vert BAD investment, especially in the current market.
On top of all this, I assume this is a apartment-->condo conversion. Those are historically the biggest hit in a housing slump.
You need to save up and but something outright if you want to have rental property. At least then you wont have to worry about trying to make payments if it is sitting empty. |
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regenetech123
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yes but interest will be high |
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universalwaters
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that depends on where you live i would think. please tell us more information. thank you |
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cats4ever2k1
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well if you make 85k then you shouldnt go over twice that amount when buying anything. Even with the downpayment. |
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