 I have no proof of income and need to rent? |
Hi All,
rather than beat around the bush like other questions i thought I could just be straight forward.
I am an escort, i work for a company. However, I make cash only, and i ... |
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 Why can't I find a cheap property in London? |
The Press are full of stories about the fall in property prices, and people defaulting on their mortgages, causing the Banks to re-posses their homes and sell the properties on.
As a want-... |
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 Should i rent a house that has no central heating? |
i am house hunting at the mo and have found a really nice, 2 bed end of terrace.
the house is fairly big an has lots of character.
the only problem is....its got no central heating!!!
... |
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 I purchased a home with countrywide in august 07.we are in default of the loan.How do I know if Its a subprime? |
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 Why is this house so cheap? |
The OTHER ones in that area are about $100,000 more expensive but why is this : http://www.roseburg-prop
only $49,000??
Additional Details
http://www.... |
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 Am i able to buy a house with this salary? |
| ok so i work 2 jobs and make 20$ an hour together and i get paid bi weelke my boyfriend makes about 8 an hour and also gets paid biweekly. about 2400 a month all togehter what type of house ... |
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 My landlord keeps harrassing us, What do we do as tenants? |
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 What is the best excuse to get out of an apartment lease? |
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 What do you pay for an apartment rental or mortgage where you live? |
I've mostly been in the "weddings" category because I'm getting married this Summer. YAY!
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 Would u buy ur kid a condo if she is in college and u could afford it? |
| we think paying rent is wasting money. instead want to buy her a small condo. she can live there with at least one other friend who will pay rent. the mortgage will be offset by the renter. we can ... |
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| I found the house I want to buy. Do I need an agent? |
| I want to know if I lose any negotiating leverage by allowing the seller's agent to act as a dual agent. Will I get a better price if I cut out the real estate agent on my side?... |
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 Can a 21 year old with 30,000 dollars and good credit get a rent to own home? |
Or will they get turned down because of their age and waiting tables?
Additional Details
I had a lot of people tell me that I probably couldn't do it because of my age and job.... |
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 Does the propane left in the tank belong to us or the sellers? |
| We just bought our first home and the sellers have now (almost 2 weeks since closing) told us that they are getting a refund for the propane left in the tank and that we will have to pay the gas ... |
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 I need a realtor's advice? |
| My husband and I just bought a house for $129K. We orginally told the realtor we were going to finance 50% of it. Now, we are going to go ahead and pay all of it in cash. The realtor said we need a ... |
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 If a condo is selling (listed on MLS) for 190,000? |
can anyone out there tell me what are my realtors chances of negotiating the price down to 180,000 my loan amount. I am not finding anything I like in my price range and dont have much time.
... |
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MysteryMan | Real estate investing question? |
If I put a down payment on a house, can I immediately begin renting it out, using that rent to help pay down the mortgage? Is this feasible or am I missing some dynamic? There must be a downside. Please help if u know something i dont. If its a stupid question remember im just 23 :) |
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iz R
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I will answer this from a lenders standpoint since I do mortgage loans. If the loan program that you qualified for stipulates that you are an owner-occupant, then in theory you are supposed to live in it. However, If you are stating that the property will be an investment property then that wont be an issue but keep in mind that the requirements for an investment property are higher as will be the rate. Also, you will be ultimately responsible for the mortgage. Good luck |
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bianca
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what kind of loan are you took?
if you have investment loan - yo u can rent the house right away.
if you apply for primary residence loan- you have live in this house for 12 months, before you can rent out. |
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newmexicorealestateforms
 |
It sounds like you want to do this not that you have done it so with that in mind. You need to make an offer, subject to financing, that allows you to rent the property, sublease the property and do showings to prospective buyers as you proceed to and prior to closing. The down payment does not allow you to do anything; the controlling instrument that allows you to do what you want to do is the offer to purchase. Make sure that on the offer you address the issue of the doctrine of merger so that you are protected from errors in the closing instruments versus the original meeting of the minds on the offer. |
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Antal T
 |
Good idea, and even better that your starting early ! If you want an online chat come over and ask me.
Antal
Surefast Mortgage
AToth@SurefastMortgage.com
Copy/Paste entire link:
http://gabbly.com/http://www.surefastmortgage.com |
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kittyrogers
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No, you must first close on the house, adn then when it comes into your posession, you can begin renting it. You must close (take posession) first, and that will require you going to the closing after your finaning has been obtained for the mortgage. You must also have proof of insurance for the mortgage company and a number of other important items. Check with a real estate agent. |
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Young T
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i bought my house with a down payment, and took out a loan for the rest. my tenants are pretty much paying the mortgage with the rent. it's a good deal. in a few years the value will have skyrocketed and i'll sell. |
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doinou
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It depends on whether you got got the loan at terms for an owner occupied dwelling or investment property. Congrats for starting early. |
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Puppy Zwolle
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The house is yours if the contract says so. Usually a down-payment is just that.
When ownership has transferred you can rent it out and pay of your mortgage. |
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vrazumniy
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Yes it's possible. |
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