 Is selling a house as a short-sale bad idea when it's already a foreclose? |
| We own a rental duplex that we are about to loose because it was hard to keep with payments due to not being able to rent.I'm thinking of putting it for short sale.But how bad is this on credit ... |
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 Closed on new Duplex, leftover tenant lease question? |
| I just closed on a property where the previous owners told me the leftover tenants lease expired July 1, 2010. Saw this lease at closing, today I told tenant I expected them out by July 1 and they ... |
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 Security deposit from the landlord...? |
| The landlord guy is wish washy....he said that he will return the security deposit after he finds a new tenant...July is the last month...he seems to have used my security deposit for whatever reason.... |
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 Can a timeshare company ask you to pay for the gifts they gave you at the time of sale if you request to cance? |
Can a timeshare company ask you to pay for the gifts they gave you at the time of sale if you request to cancel your contract due to misrepresentation?
We purchased a timeshare and were ... |
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 Do you think this is rent scam? |
| I met somebody yesterday regardinng renting an apartment. The place was great and bigger than most. I found the number on craigslist, but at least she gave a number and did NOT give any weird stories ... |
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 I am buying a house on contract from a friend...have a question? |
Hi,
I am buying a house on contract from a friend....In the near future, when I have the full down payment, I will get financing through a bank.
We have talked to several local ... |
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 If i have a rent to own home do i get a home loan form the bank when the lease is over? |
| If I rent to own for two years and the option to buy comes up do i get a home loan to pay off the remaining balance or do continue to pay off the lease? I am really confused about this whole process.... |
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 What rent should I charge per week? |
| for a lodger on full board including food, clothes washed, use of phone, electricity, the whole lot, as if I was their mum in fact. What do you reckon is the going rate? In Norfolk?... |
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 What other expenses do you have when you own a house? |
| I know you have the house payment, home insurance, and utilities. Any other hidden expenses? I've never had a house and don't know what all you need. No rude comments please. I just want to ... |
|
 When you own a property and decided to do the refinance, does that mean you will be getting? |
| a lower rate from the same lender or a different loan from a different lender with lower interest rate?... |
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 (Chicago, Il.) Has anyone ever used A & N Mortgage Company? |
| I just read up on this company based out of Chicago. Just trying to see if anyone had more info on them. T... |
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 Applying for housing benefits for private rented home. How can council pay for deposit? And how much approx? |
Basically, me and my fiance are getting housing benefits, £450 a month.
The deposit on most houses we have seen is: £700 upfront and one, £500 months rent.
The council said the H... |
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 How can I politely ask my roommate to pay back her loan? |
| So I live in a small two-bedroom with my boyfriend and his older sister. She has been with us for 8 months now, but two months ago she wasn't able to pay rent ($300) because she is on employment ... |
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 If I do a voluntary foreclosure will I owe money? |
| If I do a voluntary foreclosure will I owe money? What exactly is a 1099-a or 1099-c form? Can someone please explain the form in detail? Can I qualify for the mortgage forgiveness act? If I ... |
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 What type of loan should I apply for? |
I own land, with a tax value of 35k. I cash purchased a single wide manufactured home, and installed a septic.
I've been renting for 5 years and doing this slowly. Recently was laid off ... |
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 I'm a Realtor and I put in a offer for my clients.? |
| My clients put down half and went over asking. The other agent is within my company and does not return my emails or phone calls. He meet with the owners last night to go over the offers and I'm ... |
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 Finding it difficult to get a Guarantor for private let UK, what should I do? |
I can afford the privet rent, I work part-time and will be getting housing benefit when I move in. Because of this though, I have to provide a Guarantor.
My brother-in-law is and was ... |
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 I need some help with a sheriff sale? |
| okay so there is this sheriff sale going on july 23rd in my town. there is a house that im really interested in and would like to buy before the sheriff sale is that possible?? i live in ohio and a ... |
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♥♥♥i will always love you♥♥♥ | is $2,400 a month good enough to live comfortably in an apartment? |
FIRST LIVING CONDITIONS:
apartment would be $800 dollars 2 bed room apartment
Three people living there- wife husband and new born
wife and husband have their own jobs that bring $2,400 a month of income total.
Enough to live simply but comfortably?
SECOND LIVING CONDITIONS:
Same thing but with no baby/child. |
 |
 
Rawr!
|
Is that including utilities? Do you have free babysitting or are you paying for daycare? I don't know that it would be worth it for both parents to work and pay for daycare if you're making such low wages.
It depends on the cost of living in your area. In some places you would not get by on that. In others, you'd be fine.
Why are there 2 scenarios? Thinking of selling the baby? |
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Butters leopold S
|
your rent shouldn't exceed 1/4 of your net income. if you can get a place around 600 total, do that. |
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Doctor Deth
 |
you are the only one that knows all your monthly/qtrly/annual expenses - write them down on paper and compare to teh $2400 (if that is the take home pay)
rent
utilities
cable TV
internet
food & household items (baby costs as much per week with formula, baby food and diapers) as an adult does)
car payment
gas
car insurance
doctor bills, prescriptions - parents and baby
entertainment, eating out
emergency savings
regular savings (house down payment, next car down payment
retirement savings
child educational savings
if Mom is going to work after baby born, then you have child care expenses and less income when she is out on maternity leave - better save as much as possible to make up for that lost income ahead of time |
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Bostonian In MO
 |
In Carthage or Neosho, MO, it would be plenty. In San Francisco, you'd be well below the local poverty level.
$800 a month on a $2,400 income is on the high side but might be OK if you have no outstanding debt. That said, with a newborn in the mix you'll be picking up a fair chunk from the Earned Income Credit and Additional Child Tax Credit at tax time and that will go a long way to taking the financial pressure off as long as you don't get stupid and blow it on something unnecessary.
Contrary to what some uninformed responses claim, your income tax bill even before the credits will be nearly zero with a married couple and a child. (I've been doing taxation for over 43 years, they obviously know little about taxation.)
Without the child the tax credits go away and the taxes go up a bit, but the cost of raising a baby is gone too. The tax benefits are nowhere near enough to defray the cost of raising a child though, so you'd be under slightly less financial pressure even with the lower total available cash. |
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Jeff
|
Well is this 2400 a month before or after taxes. Take the taxes out and you probably are going to be left with 1800 a month then after that you got the rent which is 800 then we are at 1000. Then you have got food which is about 300. That leaves you 700. Gas ins, in my opinion no. But you know what is right for you. |
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Kristopher
 |
With additional bills and food cost and transportation cost that would be tight but doable I think. |
|
Bre
|
you will make due, if you spend wisely. Don't forget about Electric, gas, food, phone, cable & internet (optional) emergencies (like flat tire, doctor visit) oil change, beauty supplies (soap, toothpaste, medicine)
I rec. you save when possible in case of emergenies (and believe me, emergencies will come when you least expect it!) |
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Scott Evil
|
Simply, yes. That's pushing it. |
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Simpson G
|
As I told you in your last question, it depends what the person considers "comfortably". I don't find apartment living "comfortable" in just about any situation.
It's also going to depend on if the $2400/month is take home or salary. If it's salary, it's going to seriously be pushing it, assuming they pay taxes. It's the 15% tax bracket and such a family would be paying about $3500 in taxes a year, placing their take home at about $25,000.
Making $25k, they may not be approved for an $800 apartment. An apartment $700 or under is their MAX.
For a 3 person family, the Federal Poverty Threshold is $18,310. |
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