 Is a 6.3% interest rate on a home a good deal? |
| I was just approved for a loan of 6.3% 30 year fix loan. Is this good or should I wait until I can get a lower ... |
|
 Our credit is bad due to medical bills. I am looking to buy a house. My question is this...Is there anyone out |
| there that will help us with a home loan with poor credit? I need to move out by Febuary or March. And I already have a house we want to buy from a private owner. But, the owner can't help us ... |
|
 Why bail out those in foreclosure? |
| Congress is trying to pass a bill that would essentially bail out a great deal of people... but is it fair to all those people who did manage to make their payments and struggle through it? Why ... |
|
 Real estate - We are selling our home, had it on the market last summer - lots of interest... now none.? |
| We took it off the market for the fall and winter. So, last spring and summer there was alot of interest, showings about 2 a week and very positive feedback. We are in a time crunch and want to ... |
|
 I want to be a real estate agent, and eventually a broker. everyone says college isn't necessary, but...? |
| Would it be beneficial to me to get a 2-year degree in Marketing to learn some business skills? please tell me anything else you think would be beneficial to help me be a successful real estate ... |
|
 Advice on selecting Real Estate Agent...? |
| I've been told always choose Real estate agents who are GRI & CRS certified. I've been looking and recently chatted online with an agent who has only been an agent for 3 years. Should ... |
|
 When is the best time to refinance your home? |
| I live in a condo, and we have a 100% mortgage. We have to pay mortgage insurance because it is not under 80%. So now our home is worth 170,000 and we paid 140000 for it, and we bought it in ... |
|
 What exactly does "owner financing" mean? |
| The owner of a home is motivated to sell, so in the brochure it is listed ....... Motivated seller is willing to offer owner financing. How does that work?... |
|
 Should I pay off my mortgage early or use this money to invest some where? |
| I still have 25 years of mortgage,I also have 3 months of saving , 401K, IRA, Life insurance, living Trust....poeple offen said do not pay extra to your mortgage, use this money to invest, by the ... |
|
 Whats the best web site to use in order to look at house rentals in your area? |
| I live in texas and am currently looking to rent a house and im having a hard time finding good website. Please help!... |
|
 Is our Realtor doing her job? |
| She has shown it five times in the last three months, now she is telling us one thing the people are saying when she showed the house, should'nt she tell us the feed back every time, and not ... |
|
 I'm 9 days past grace period on my rent. yet my roommate is paid on time. eviction possible?? |
| we're paid for half the month and the month isn't half over. he's already telling my roomie that he might kick her out. Is that technically ... |
|
 Can i get 100% home loan for 250k with a 630 credit score and no money down ? |
| my wife will only look at new home we have looked a KB home she liked not sure if they would carry or if need to go eles ... |
|
 Buying a home for 290k. I have $100,000k to put down. Am I better to put only 20% down and invest..see remks? |
| should I only put 20% down and invest the remaining 42k in CD or some other instrument...was thinking the extra interest i'd be paying will give me a bigger break at tax time?? any financial ... |
|
|  |
garyxwx | Renting out....please help? |
How do people make money when renting out a house, flat etc when they still have to pay the mortgage at the same time?
eg. Having to pay the mortgage company lets say £350 p/m plus insurance etc.
But you decide you want to rent out and also say £350/pm, how do people make money from this or are they just letting other people pay of their own martgage?
im confused, id like to do this myself but what am i gaining? |
 |
 
J B
|
You should be charging a little more than what you were paying in rent. That way you can either pay off your mortgage faster or just pocket a little extra change. |
|
Saneia
|
You have to raise the price some. It works the same way as if you were selling something for profit. Your goal is not to break even, it is to profit something. Ex: you buy pencils in bulk, for each 1000 pencils you buy they cost .03 cents each. So you won't sell them for .03 cents, you will sell them for .10 or .20 cents each so that you get your money and profit. So if you have a house for rent (I don't understand lira) and your mortgage, and insurance equals $1100 all together then you can charge something like $1500 so that you get the overhead. |
|
hypno_toad1
 |
Well in essence they are paying your mortgage for you. All the equity in the house goes to you when you sell it. My brother did this with several houses that he bought so he would have retirement income after the homes were paid off. |
|
shawna
|
Well, you either charge more than your payment, which probably won't work. So, you look at it as an investment. You will be paying a little out of your pocket, but in the end will either have equity in the property when you sell, or have an apartment you have paid very little for. Or, wait a few years, and refinance. At this point you have equity in the property, and your paymenys will likely drop, so you won't be paying anything out of pocket, and may be making a little. Now, you could upgrade the property a bit, and up the rent a little more. Sure, you will be paying out of pocket in the beginning, but if you work the numbers, it will pay off in time. I own a house in the states, and come tax season, I get a nice chunk of change back for owning property, and using it as a rental. You can write off a lot of expenses, much like a small business. Check out your local tax laws to see if it will work for you too. |
|
Becca Baybee <3
|
well you put up the rent more than the mortgage so that way the mortgage is paid and you hav some money for yourself lol |
|
rick3800
|
Set the rental so that it covers the mortgage and any other fees that may arise. Renting a property is a good way of making some money and paying off a mortgage. If you use a lettting agent they will charge a fee,but will normally check any future tenants. |
|
mybiz
 |
How much you want to charge from them is up to you, provided that persons are agree with your package. Let's say, you want to rent out for one thousand pound per month ?
The important thing is you don't lose money... |
|
Ollie
|
Where I live for a 3 bedroom unfurnished house they ask around £550pcm |
|
shih tzu lady
|
You have to do some planning and your sums here. Obviously you cant let a property at a financial loss, so you have to charge a little more than your mortgage repayment as a rent. However, you have to look at this venture long term - as you hope the value of your property increases over the years. Your gain is at the end of your investment, i.el when you sell your property - it is hoped you have let it out and the tenant has effectively paid your mortgage for you, and then when you sell you also make a profit. Hence the idea that your property is paying for itself. You've got to do the sums right first though! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 18 minutes(s) ago
| | | |
8 | 51 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
1 | 4 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
