 Is my landlord legally permitted to enter my apartment when I am not there? |
| I sent a note with my rent requesting several repairs to be made. I know they need to give me 24 hours notice before entering. I will not be home all day on Wednesday. I was told by the building ... |
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 Rent free living? |
| How can someone, on a low income, live alone without paying rent, or paying a 'peppercorn' rent. How many ways can you think of to do this.Can be basic caravan, shed,tent, or palatial I'... |
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 If a tenant is on a month to month rental agreement, and wants to move out before next months rent,? |
| If a tenant is on a month to month rental agreement, and wants to move out before next months rent is due, can the tenant legally do this without legal repercussion? Is there any law saying there has ... |
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 Why no offers on our house? |
| House has been on the market since Aug in the Chicagoland area. We have dropped the price and have been matching comps. We havent even gotten a low-ball offer. Painting could have been better which ... |
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 What is First and Last when it comes down to renting? |
| I always thought it was the first months rent and a deposit to move in but what is first and last? I am assuming that it means the same thing as first month's rent and deposit, correct?... |
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 How do I sell property, that I own, in a different state than where I live? |
A relative passed away and willed me some property. The details with the deed are being squared away currently. How do I find out how much the property is worth and how would I sell it?
A... |
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 How can my step daughter rent a property if she doesn't have a job? |
| My stepdaughter has been given notice on her rental house because the landlord wants to sell it. When she has been to look at other properties she has been told she must have a job paying at least ... |
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 My apartment complex is in neglect - how can I get the landlord to do his job?? |
| I recently moved into an apartment complex in Arlington County that is privately owned (landlord, not a leasing company) and have found the building in disrepair (roach infestation, maintenance ... |
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 Should i refi or take equity out? i own a home alone but my bro. pays 1/2 my apr is 5.3 fixed? |
| i dont wanna take out money but he does cus of his high debt, what should i do? our payment is 1250.00 monthly and have owned the home for 3yrs, i bought it for 170 and its worth about 300 now please ... |
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 Does the landlord have to give notice PRIOR to entering your apartment? |
| . We moved in 6weeks ago and we feel like were being harassed .The maintenance people have been in here twice while we were not home..once to change the air filter and once for pest control, ("... |
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 What are the consequences to backing out of a purchase agreement on a house? |
| If I decide to back out of the purchase agreement for no reason other then I don't think I want the house anymore, what are my consequences. I have already made a deposit on the house, had a ... |
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 Recently married and interested in buying a house. is 50% of our take home pay too much for a mortgage? |
| my wife and i take home 7400 a month. is 3700 a month too high for a mortgage? we want a new house.... |
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 Why loan rates are much higher in the US compare to france? |
When you buy a house
In the US, you have 7% for 15 years and 5,5% for 30 years
In france, you have 3,8% for 15 years and 4,1 for 20 ... |
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Minnimouse | Is it possible to own your own home on a single income? |
I don't want to rent forever, or even more than a couple of years. I am finishing study this year and plan on renting next year. However, I would really really like to own my own home. Unless I find a husband or partner in that time I will only have one income. I know I would need to talk to my bank about it, but do you think it's possible in this day and age to own your own home so young? Also, does it make it easier to have a boarder?
Additional Details
couple of things
a) I'd save for a deposit
b) I would be earning a steady, middle of the range type salary nothing massive. |
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Thanasi
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I believe it's very possible... depending on your location. That was one of my driving factors for leaving New York/Long Island. I myself moved to Dallas which has a huge range of homes, from 25k @ mortgages priced less then most car payments to well, mansions. You just have to make sure that your income will be steady and you have enough saved to cover your bases in case your income ceases to continue for at least a few months. Also factor in the utilities for the area, taxes, and what percentage of your pay will be dedicated to living. You can always have a home regardless of your age, but just make absolutely sure you can afford it. Never ever count on boarders either, I have had more then my fair share of renters that either don't pay the rent on time, trash the place, or generally annoy you as you get to know them, save that for a last resort or a really good friend is my advice. Good luck! |
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I Believe In Harvey Dent
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yeah, if it's a relatively cheap home, and you have a good enough line of credit that you can take out a loan. |
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Justin H
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Many banks and communities have programs to help first time home buyers get into their own homes for little or no down payment. You should research what options might be available in your community.
You certainly can buy a home with a single income, but what you can afford will largely be dictated by your annual income.
One of the things you really need to keep in mind is what you can afford for a monthly payment. A 30 year loan at 7% on $100,000 will give you monthly payments in the ballpark of $675 per month. But you will also have monthly costs for property taxes and insurance. And you will be responsible for many of the expenses covered with rent: cable, water, garbage, pest control, and home repairs. |
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AMM
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yes of course
im 20 and own my own home on one income
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Steve from PA
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YES!!! The most important thing u can do is build and establish good credit, decrease ur debt to income ratio (get rid of or lower as many bills as u can) ..I dont know how much u earn in a year but thats the 2 major things loan institutions look at..A smart plan would be 2 get in a home thats not 2 expensive, build equity and mortgage credit and then move on 2 a better home..5years ago anybody that had a pulse could get a mortgage but things have tuffined up, until the housing market turns around, just establish and build credit so ull br ready when the rates and the banks are more friendlier and by that time ull probably be earning more 2. |
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Joseph C
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Find something that you can afford.
Because of advantage taking opportunism and sky high taxes, most of the world is geared toward a two-person family income. It never used to be like that. |
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temphousingguy
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I bought my first house at 19, on my own income. I would find a big house, and rent out rooms. I bought a 3 bedroom, rented out 2 rooms to friends and only had to pay like 1/5 of the mortgage and 1/3 of the utilities. Plus, you get all the tax benefits.
On the flip side, my realtor had a handful of rental properties which he made money from, and he rented a cheap studio apartment to keep his costs down. Another way to go to make some cash.
Good luck. Don't forget to try and get the first time home owner benefits. |
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hoping for our little miracle
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i honestly don't think you can buy a house with a single middle range income. even if you can afford the monthly mortgage, you might have trouble with the property taxes.
good luck anyway! |
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spirus40
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You need to figure in the cost of disability insurance as well as a possible job loss. Have at least 3-5 months of house payments in reserve. |
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dinky eagle
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It greatly depends on where you live. I am from Washington DC and live in San Francisco...in those two places it is very difficult to own a home on two incomes none the less one. However, I can rent in San Francisco and could buy a home in Chatanooga, TN...find a place that is conducive to the life you want to live, the job you want to work and the house you would like to own - if you have patience and do research you should be able to find some combination of the three that suits your wants...hopefully you can have it all.
Some cheap places to live with Universities nearby (i.e. small towns that contain good jobs with benefits and staying power) - Buffalo, NY, Knoxville, TN, Charleston, SC....you'll find that there are more places that are affordable than that aren't. Good luck. |
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David C
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Yes I've been a home owner for a year and half now and I am a single income |
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IWIU
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It's possible if you buy where there aren't any jobs, but then you won't have a job to pay for it.
so what you need is an internet job, then you can live where ever you want.
otherwise to buy in the area you live, is impossible, even with 2 people working. |
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