 Should I run if my realtor wants the down payment, first and last mo. rent in cash? |
They won't take personal, bank or cashier checks. They haven't told us we need cash until now... What should I do?!
Additional Details
They did offer to give us a receipt but I... |
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 "Utilities included" question? |
So I sublet an apartment for a month from someone. The ad for this apartment said "utilities included." She moved out, I moved in, things were peachy.
Yesterday, I found a post ... |
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 Hi I live in private accomodation, London UK, i have a baby 1.5 yrs old? |
and theres no heating in the bathroom which is sooo cold, and theres mould growing everywhere and a smell of damp.
are there legally bound to any civil statues here, do I or my child have a ... |
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 Real Estate help?!?!? |
Can anyone give me a link to a few sites or one good one that has listings of Fixer-upper type homes for sale? Basically a site that can give me specific options (acreage, woods, condition, etc)
... |
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 Is it legal for apartment places to charge different rent to different people in the same apartments? |
| We have 5 girls living here and we each pay $300 per month, the people below us are paying $275 each per month for the EXACT same apartment... we moved in on the same date and it really just doesn... |
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 I am a co-signer for a house how do i remove my name off of the house?? |
| my step father is way behind on the payments im in the military so i don't live there or in the area where the house is in. its messing up my credit really bad what should i do or what can i do ... |
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 HAs anyone heard about the "we buy your house for cash" companies? |
| I want to get rid of my house fast. I cant afford it and I cant get it refinanced. I have good credit but I dont make enough money for the mortgage companies to want to refinance me. I am ... |
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 I thought someone cant cash a post dated check? |
| I gave my landlord my check for rent the day before Thanksgiving because I knew I wouldnt be back until today (Dec. 1st) and my rent is due before the 1st of the month. Well, I had not put my ... |
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 Buying a house? |
| Me and my husband are looking to buy a brand new home, asking 182,000 for it...now this is not our dream home..our dream home is worth about 192,000..still not a bad deal...but... with a bank ... |
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 I rent a house in San Diego. We had a home invasion robbery and don't feel safe. Can we break our lease? |
Is a home invasion robbery reasonable grounds to break a residential lease? It was very real with masked gun men, a full police response and report.
Thanks.... |
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 How Do I get my house sold F.A.S. T? I need to sell this house soon so my family can be settled? ? |
| I am so tempted to buy another house before selling this one just so we can be settled. I realize that is the wrong thing to do, but what can a person do when you are so frustrated over people ... |
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 There is a foreclosed house on my street. How can I find out more about this house and how much it is? |
| I live in a nice neighborhood in Austin, TX. A couple of years ago our neighbors 3 houses down the street moved and a large family moved in. I never saw that the house was "for sale" (no ... |
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 My neighbor damaged my property...and she's kinda scary. What can I do? |
| I have a gate that I put by her unit to keep my dogs out. It’s @ 20 ft from her front door and only impedes her from walking to our laundry area-she has direct access from her back door but walks ... |
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 My boyfriend is selling our home do I have any rights? |
| We live in the UK, my boyfriend has decided he wants to sell the flat we live in, my name is not on the deeds, do I have any rights?... |
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 Are there nonprofits that will accept donation of a house? |
| I own an elderly family members house and want to donate it to a nonprofit. There is some equity, but there is also a mortgage. Are there any nonprofit organizations that will accept donation of a ... |
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 Should the Feds really be bailing out all of the people going into foreclosure? |
| I work in mortgage, and I have a few issues with this. One, ultimately that customer signs on the dotted line... and if you have ever seen loan docs it is spelled out as CLEAR AS DAY what these ... |
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 Would rent be considered late if I mail check on the 3rd and the receive on 6th, if my due date is 5th? |
| I will be mailing the check on this Friday the 3rd, and the receiver has a PO Box in the same post office i will be mailing from, so they should receive it on saturday the 4th. But lets say something ... |
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sunny02 | Should I sell or rent my townhome? |
I have just recently married. Both my husband and I have townhomes. His is larger than mine so I will be moving in with him. We are currently trying to decide if I should rent or sell my townhome. We want to move into a single family in another year so if I sold mine, we were going to put that money towards a new home. However, some people have told me that renting would be a good idea as well. Now I am just confused. Any suggestions? |
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niwriffej
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you should always hang onto property if you can possibly afford it. Renting is a great idea if you don't absolutely need the cash that the place represents to buy your next home.
Property = Wealth it sounds like you have a good thing! Congratulations! |
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cjkloanguy@yahoo.com
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if you have a positive cash flow keep it! 5-10 years, you will thank us!
National average equity, 3% of value, not loan size, so that can be quite good leverage.
Course we are not even looking at possible tax breaks |
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B T
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If you still owe money to the bank it's better to sell it. Otherwise rent it out let it make you money. There can also be tax benefits to using the other property as an investment property. |
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area51base
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Rent it out. Take your time looking for good tenants by checking their background. Property is always a good investment. |
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Price is what you pay for value.
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As the housing market continues to slump, you don't need to hang onto the property to get appreciation. Because properties aren't appreciating and you already have another townhouse.
Should the market eventually recover after one year, you would have put the money into another property. Now, let's compare the potential return of investment.
If your townhouse has equity of $300K and if you sell it, you can put that $300K into a CD, which is returning almost 5.75%, which is $17190.00/year.
If you rent it out, how much rent can you get? Let's assume your mortgage payment and HOA is $1200/month total. You can rent out the townhouse for $1500/month, which means you net $300/month, which is $3600/year.
If this is the case, I would sell the townhouse and reinvest the money elsewhere. You can use 1 year CD, the yield is lower, but you can get your money out for downpayment next year.
Good luck! |
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Patrick L
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It depends on the personal (total) situation of you and your husband. From first glance I would say rent it out at least until next year, but for any good advice you would need a broader financial plan. Visit www.quarantz.com to get yourself a (free) personal financial plan. |
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Mohammad
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Own asset is always good. If money is needed to making development of other fixed asset then no harm.
If repayment covers by the rental return, keeping the asset is meaningful, because fixed asset always carrying great weight. |
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jib4746
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Hi Sunny02,
First of all: congratulations on your marriage!
Second: where are you located? If you happen to be in the Inland Empire California, email me, because I am looking.
If not, ask around your neighboring areas to see what a property like yours would rent for.
Then go to craigslist.org, your area, and post it: 'for sale', 'for rent' and to 'lease option'.
There are also numerous sites where you can offer your townhome 'for sale by owner'.
Then, see what offers you get and take it from there.
Good luck. |
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Chellebelle78
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Right now we are in a buyer's market...so rent it out! It's better to keep the property as a rental (so long as the rent covers your mortgage payment). When the time comes to purchase your house, you could always refinance your property to take the equity out of your townhome so you can apply it to your new purchase. (This could be beneficial if your husband does the same with his home, as you could get enough from both townhouses to make a bigger downpayment!)
I am advising my clients to hold on to their properties for a while unless they absolutely have to sell because there are so many properties on the market at the moment, and not only are they taking a long time to sell, buyers have so many more to choose from so they have more purchasing power.
Just make sure that you have a POSITIVE CASH FLOW from your rental, and set aside some of that in a savings account for repairs.
I would advise you to speak with a financial advisor in your area so that they may advise you of options and the feasability of keeping your properties. |
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eldora lord attivor
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i would like to take consult my bankers in order make |
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