 Landlord legal question? |
| I moved out of my old apartment. I gave the landlord $1200 for security deposit. We walked through the apartment on my move out date & she said nothing about the condition of the apartment, ... |
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 Can I qualify for a mortgage loan? |
| My husband and I are wanting to buy a home (after many years of renting). We have a good monthly gross income ($11,500). However, we have a lot of credit card debt (61K) and a small balance on a ... |
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 Are first time sellers usually trustworthy? |
| I know that usually i should buy from only sellers with good feedback, been ebayer for long time etc etc....however theres this really good deal, but its the first sale for that person, or he has no ... |
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 Is there a age limit at whice u can purchase a home..? |
| my aunt been abroad most of her life, and now decided to come back to usa, she is 50 years old, she was tryin to finance a new home but the bank give her a hard time they say due to her age, ... |
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 Purchasing house....how to make an offer? |
| My husband and I are purchasing our first home. It is 1 story, slab-not basement, 3 bedroom, kitchen, living room, attached garage, and medium sized fenced yard with shed. It is siding with some ... |
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 Does anyone know where you can get a loan of 25000 dollars to fix a house without hassle?? |
| we have tried 2 mortgage companies to get home equity and in both places we talked to two different people and the information for the loan was completely different. We are looking for a loan where ... |
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 Why are prices still so high? |
| If gas has went down, why are food and airline tickets still so high and unaffordable? Do you think gas will go back to $4.00 a gallon after the election tomorrow, and if so how soon?... |
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 Rent or sell my house? |
| I own a old fixer upper on a large lot in Modesto. It is paid off. I am thinking of selling it and buying a house in Sacramento area. Is this a good idea... or should I fix it and rent and wait for ... |
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| Where do you think this horrible housing market is headed? |
| How long do you think it will be so hard to sell a home? We live on the East Coast -- thousands are houses are up for sale around here and they don't sell. What is there so much building by ... |
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 Morgages - why has the world gone mad....? |
| It crap - why is it that my partner and i work bloody hard and yet we cant live together (with our son).... i have to live with my parents (and my child who is 3) and my partner lives with his ... |
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 What is the lowest Percent that a realtor can do? |
| I have a realtor that said they could sale my home for 5% and then another for 4%. Is there anything else that I can get a realtor to come down on, that will benefit me on my return?... |
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 Do we give the deposit back? The person renting our house is moving out early, and has 4 mo. left on contract? |
| In the state of TN I cannot find and information on what we should do if the person brakes rental contract? Also, in contract it was to be rented to a NON_smoker, yet the woman smoked inside our ... |
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 What does this recession mean to us for our everyday lives? |
| I am curious, I have been watching the news about the econonmy and the "recession" we are in, and I have a question: What does this mean for our everyday lives? If I am understanding ... |
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 Can he do that?? |
hey,, i wanted to move in to this plave i saw online, so i called them and i sent them a deposit.
when i came in i was talkin to this front desk guy and he said that i have to at least sign for ... |
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 How to I go about buying a house with a lien held by mortgage companies that are now out of business? |
| Found a vacant house in our town. Neighbors say owners moved, been vacant 3-5 yrs. Found a mechanics lien on house. Lienholder (home improvement company) has no knowledge of lien (lien is 12 yrs old ... |
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 Anyone know anything about apartment searching? |
| I will be moving by the end of the month to another state and of course I will need to find a place to live. Does anyone know of any sites that give good information on renting apartments? Also, I do ... |
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 Roughly how much would we pay for a mortgage each month? |
Me and my boyfriend are looking to move out next year, but we want to be prepared before we do. We're going to get financial advice in september and look around for a fixed rate mortgage.
<... |
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 I don't want my house anymore...? |
| I was awarded our home in a divorce settlement, but I don't live there and I don't want it. I can afford the payments so the bank won't do anything, but I just want to get rid of the ... |
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cj | Where do you think the housing market is going to be in 5 years? |
I live in Huntington Beach about 2 blocks from the beach amnad main street, I bought my property for $500,000 9 months ago and have an oppurtunity to buy another 1 for $375,000 and I could rent it out for $2,000 a month, so wondering if this is a good move?
Additional Details
of course I will be financing this, thats why I ask if this is a good deal |
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good guy
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you have to crunch the numbers, but a 375k purchase with an assumed 20% down (75k) leaves you with about a 300k mortgage at about 6% and around a 1700/mo mortgage payment...plus your taxes& insurance, you are looking at bit over 2000/mo obligation, maybe 2100, around there, so...(deep breath), if you can rent it for 2000 you should be ok if you keep it at least 5 years...no one knows what the prices will be in 5 years, but typically the market goes through periodic downturns (like we are seeing today), some steeper than others, but over time (minimum 5 years) the property SHOULD increase in price....good luck, you remind me of me thirty years ago, buying property (my friends told me i was crazy), but twenty years later, my friends (same ones) told me i was a genius for buying when i did--so be prepared to go from idiot (now) to genius (in 5, 10, 20 years)....all the best to you, mr einstein! |
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VirtueOfIntolerance
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I think it will take longer than 5 years for this mess to straighten out and the increases in value will be slower from now on. If you can pay cash for it, then it may be a very good deal.
Hopefully you're not thinking of using an ARM, because that would be the riskiest gamble
Now you can believe what you want, I'm just telling you what I think. |
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KStar
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Sounds too good to be true, Make sure you can rent it first,
or else your stuck with the payments... |
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Adam B
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sounds like a bad idea. if you can rent it for the cost of mortgage + 10% (maintenance, taxes, etc.) it might work, but then you'd be out a massive down payment.
if you are planning on making money off of the housing appreciating, you will have a very long wait. |
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lets dance
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wow u r rich..!! |
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SunLover
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I've heard its a buyers market for vacation or 2nd homes, I would do it. Nobody can say where the market will be in 5 years but I think 5 years is far enough away that it will be better then now. |
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The What should I do Retard
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I think that it will be more and more expensive |
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taylor
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as long as you can hold onto it for atleast 5 years, you should be fine. make sure your cash flow is profitable, because appreciation may take +5 years. |
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AeroHollisterAerie
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Hopefully seller's market. |
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