 I have this tenant who has always been 1 day later on the rent since she has been here. |
Should I say something to her? I know that it is one day, but I already spoke to her twice and I do not appreciate that one bit. Any suggestions?
Additional Details
I know it is not a ... |
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 What do you do if a tenant moves out and doesn't return their keys? |
How long does a landlord typically wait before changing the lock and charging it to their deposit?
Additional Details
gafpromise, Is it really 30 days from the time they actually walk ... |
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 Daughters apt. burglarized can she terminate lease agreement? |
| My daughter walked into her apt. and found two young burglars there. She confronted them and they took her friends stuff not my daughters. She was threatened by one of the burglars that they would ... |
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 How do I buy an abandoned building? |
| There are a few properties around here that are extreamly old. There are buildings on it that obviously havn't seen human care in years. There is no for sale sign or anything like that. But I am ... |
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 Is it my or my landlords' responsibility to take care of a major weed problem? |
I'M RENTING A HOUSE THAT'S ON THE MARKET FOR SALE. THERE IS A MAINTENANCE AND REPAIR CLAUSE WHICH STATES:
"LESSEE WILL, AT LESSEE'S SOLE EXPENSE, KEEP AND MAINTAIN THE LEASED... |
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 How to deal with tenant who does not pay the rent? |
| I recently leased a house (I do not live in the same city) to a family on 6-month lease term. They just moved in. But they are not paying even the 1st month rent and I found they are telling many ... |
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 If you have 7 mileon what do you want to buy ? |
| if you have 7 mil $ what do you want to buy for it and is it a good question or not ?... |
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 A couple take out a joint mortgage. Can a second charge be taken out on the property without joint consent? |
| The husband built up a huge debt, which the wife knew nothing about. The first she knows about it is when she opens a letter from the company who has taken out a second charge on her jointly owned ... |
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 I would like to buy a house any tips? |
| I live in illinois ,right outside of chicago and I want to buy a house. I dont have the best credit but i also dont have the worst. I just want to buy a house near where i live now for my children. ... |
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 Is it descrimination to say no to a renter becouse of someone in their family is a tuck driver.? |
| i know the rentee has the right to rent to anyone they wish, but if they say this is the only reason why they will not rent to the person, is that legally wrong? its like saying no i wont rent to u ... |
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 Is it too soon to start looking for houses if I'm moving in 2009? |
| My husband and I are planning on moving out of state in 2009, is it too soon to get information from an agent? Will they just laugh? I know there's a lot of paperwork and stuff, how long does it ... |
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 I live in nj, can my landlord decide he wants only cash or money order instead of a check? |
he says he ONLY wants CASH or MONEY ORDER, NO CHECKS
Additional Details
i havent bounced a check and im the only tenant, but i do like the answers about pennies. i think he just got a ... |
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 If i give my notice to day is it a full 30 days? |
if i give my landlord the letter that i will be moving on the 1st of septmeber is it a full thirty days or will i have to pay next months rent?
Additional Details
i thought you had to ... |
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 Evection question? |
| My uncle got arrested last February and my aunt (a drunk, drugged up, gambling you know what) stopped paying there house payment. Now they had only lived in this house for three months before all ... |
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 Is it illegal to destroy my previous house owners mail? |
It's been a year and a half since our home's previous owners moved out and we are still receiving a lot of their mail. Can I just throw it in the bin? What are my legal obligations?
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LaLaLaBamba | No money down home loan in SoCal? |
Me and my husband have been renting for about 4 years. With house prices that have risen so high it seems almost impossible for us ever to be able to buy a home! My husband and I make "okay" money, but not enough to put a down of 10% on $700,000 (average home for 3 or 4 bedroom in our area). I've heard of "no money down" home loans, but what exactly does that mean? How screwed would we actually be?? |
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tokes
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Get a first time buyers loan. That's what we did. 100% financing. You only get screwed for a year or so by paying a lot of interest, but you can refinance after a year without getting too penalized. Usually your house is worth more then too so you can use that extra money for some repairs or something. |
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mighty_whitey
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Can you afford the monthly payments on a $700,000 loan? Let's say for the sake of argument that you have enough cash to pay your closing costs and good enough credit to get a 100% deal. In SoCal your best bet is an 80/20 loan, that's an 80% first and 20% second. This way you pay no PMI (mortgage insurance). A best case scenario would look like this: your first is going to be around 7%, your second around 9.25% (and adjustable, at that). 700K x 80%= 560K @ 7%= $3726. 700K x 20%= 140K @ 9.25 = $1179 (at interest only, which would be available for the first ten years of the loan). Property taxes in L.A. county are 1.25% of the purchase price, or $729 monthly. Figure another $100 or so for homeowner's insurance. So, can you afford a monthly bite of $5734.00? To qualify for this, your gross annual income would have to be at least $140,000, assuming you have no other debt (car payments, credit cards, etc.). So whattaya say, are you ready to move? |
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Ryeroe
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You would have a very high mortgage payment and a high interest rate. But you could still take out the loan and then refi in a year or so to bring the rate and payments down. Also I know a guy who can do amazing things with loans. If your interested. |
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vince
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What most companies are not telling you is that behind the "no money down" is a higher interest rate which will make your monthly payments boom. You'll have a moment of ackward silence on closing.Watch out for the variable rate or ARM rate. For exmaple, it will lock in a rate of 5.6 for the first year, then the second year it will go up to 6.8, and the third it will rise up to 7.8 or something similiar. Most families are enticed with the lower rate. They become convinced that their financial situation or income will be become better during the first year so they don't anticipate having problems making the future payments. But for many it doesn't change. Then they get in trouble. |
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interlude
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No money down is an introductory rate that the government gives out for first time buyers. They typically reel you in with a low interest rate as well. Your payment will also be significantly higher.
I looked into it myself, being in california |
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tumbleweed1954
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Your best bet it to leave Kalifornia. Try Nevada or Arizona. |
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Tazmaniac
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I am a Real Estate Appraiser. Move. You can buy a Huge house almost anywhere else in the U.S. ... You're crazy to pay inflated prices just because of location. Find somewhere else to live and live well, get 2 or 3 new cars BMW, Mercedes, Hummer.
As for the no money down. Not just for first time buyers, anyone can get them at any time. But it is typically an ARM Adjustable rate mortgage. It will rise in 2-3 years. Not always though. Depends on credit score. Anyone over a 650 should be able to get a good fixed rate. |
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satarnag
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I am a mortgage broker in SoCal and Mighty is absolutely correct. The numbers he gave look right as well.
It sounds like you're in Orange County and maybe in Irvine. Shoot me an e-mail and I'll see if I can find a property and the means in which you can afford.
Regards |
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Razor
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No money down means you don't have to put a down payment.
The down side to this of course means you will have a larger mortgage, and of course this is subject to more interest over the term of the loan.
Maybe you should consider a 10-year interest only loan, which means much cheaper monthly payments, and perhaps you will have much more money to refiance somewhere down the road.
Don't always look for permanent fix... Life is a chess game. |
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NYC_Since_the_90s
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Just ignore the idiots that try and tell you to move. Of course you can go to nebraska and make $5/hour. Hate to break it to them, but a BMW costs almost the same anywhere you go in the country and some people are not able to move.
with that said, if you do not have the down payment, then it is best to wait. No money down mortagages are just that. You buy a house and do not have to put money down. You still have closing costs and such. The problem with these are that you have to pay a higher interest rate, on more money (since you have to borrow $700K, instead of $560K) and more insurance (since you do not own 20% of the house). Is there any reason that you want to own a house besides you think you are wasting your money on rent? Well if you buy with no money down you will be waste MORE money on extra interest, extra insurance, extra a lot of things. |
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Tim H
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Well, you can forget about a no money down in California - In short here's the deal, if a property is worth $700,000 and the seller needs out quick and is willing to sell for $650,000 then you basically have $50k in instant equity, that makes it much more attractive to a bank, unfortunatly in CA where you must bid over and above the asking price this situation does not exist.
Unless there is a big downturn, as in the fall of the dot commers in SF those prices are not going to go down. Also you better have PERFECT credit, but I can not imagine how you could find a no money down deal in CA unless it was a serious fixer upper.
Good luck |
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Big Will
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Very screwed prob a variable rate or worse int rest only. Its a trap. Try AZ or 1000 miles east its almost totally ridiculous to buy in CA. But if its home and must have CA try Bakersfield or Visalia other than that good luck. Watch out for those traps they are everywhere. |
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