Renting & Real Estate - December 2006

in the past few yrs, property prices hav gone toooo high. is it because growth in economy.
for a decent house it costs more than 70 lakh.(2 BH)
will their price come down again. is mumbai having so many people who can really afford to buy such houses. what abt the middle class people.
what if there are not many ppl to afford them . will their price come down then???

2006-12-25 14:19:36 · 4 answers · asked by G.factor 1

2006-12-25 14:14:11 · 4 answers · asked by angiebeus 1

You've all seen these shows where people flip houses and make thousands of dollars. How do they get financed for these?

I see some people get 90 day loans. What kind of loans are those, who can get them, and can you borrow enough to the purchase price and renovations?

I also see some get construction loans. Are these different than what I listed above?

Also, when I bought my house I had to wait 30 days to close the loan. How can they buy a house, sell it in two weeks, and never close?

2006-12-25 13:27:45 · 5 answers · asked by Jim C 5

Does anyone know of a source where I can find foreclosed apartments in NYC (Manhattan)? I was thinking of buying one. Can i actually get one if I have at least $25,000 saved up? Need advice.

2006-12-25 11:54:59 · 3 answers · asked by D 1

Is it possible to find a nice apartment in a safe area in Florida? I havnt lived there since the late 80s and am considering back, but acording to apartmentratings.com there are not many nice ones.

I am looking for a nice 1 bedroom under 700 a month. Safe area is a plus.

Any opinions on nice complexes?

I havnt decided where I am going to move, so I'm open to sugestions anywhere. Well except Bradenton (yeah saw a drug bust my fight night there last time I lived there), Daytona & Miami.

2006-12-25 11:45:13 · 1 answers · asked by J. 4

im in australia and coming to usa.....i just want to know if i can buy a house there with my partner over there and have my name on the paper work?i will be doing an 18 month paid internship!....i just want to protect myself because i will be paying into the homeloan as well........

2006-12-25 11:29:44 · 3 answers · asked by patricia c 2

I have been an owner of my condo for 10 years now in Los Angeles. I tend to go out of town for work for 6 months at a time and have sucessfully rented out my place for those short periods. Now, a couple of the other owners want to pass a rule about setting a minimum of 1year leases for those who are renting. To me this sounds absurd to say that someone can dictate how long you can or cannot rent your own place for. We are not a co-op and do not live in a co-op state so I am wondering if what they are proposing is even legal? I am afraid that this would set a bad precedent within the bldg. and limit potential buyers if they knew that there was such a restriction. Anyone have any thoughts or knowledge of this kind of rule or restriction on condos???

2006-12-25 09:02:39 · 7 answers · asked by radamidov 2

Land is undeveloped, approx 12 miles from town, I've thought about a motorcycle resort, but looking for a more year rounded venture. Money is a factor. We have access to most toys (heavy equipment) and willing to put our labor in. Remember, there are four seasons there. Whatcha think?

2006-12-25 08:34:55 · 2 answers · asked by Capt C 4

what is the total cost to be a real estate salesperson including classes exam and license fees

2006-12-25 08:05:53 · 7 answers · asked by Student 1

Pay a large down payment and then quickly pay off the remainder (15 or less years) or Pay a smaller down payment and slowly pay off the remainder (30 years)? Also, are fixer up houses worth it?

2006-12-25 07:24:29 · 11 answers · asked by summer98 2

Hello, I'm 23 years old and I just recently finished paying off all my credit card debt from college. I started out at a job that pays me $57,000 a year. The only debt I have now is my Stafford student loan that totals 7,000 now and the payments are like 78 bucks a month. I'm really ready to get out of my parents house but I don't really want to move into an apartment. I've been looking at some townhomes and there are some really good finds in the 80,000-90,000 range. So far, I've saved about 2,000 dollars since the beginning of December and my credit rating is 720. I was looking to save around 8,000-10,000 total by May or June and then work from there.

I'm wondering how much money will I need to move in comfortably? Is 100% (80/20) financing a good idea? How much would it cost to cheaply furnish a 2 BD/ 2 BTH around 1400 sq ft? Should I even put a down payment down if I'm planning to move into a real house when I'm around 30? BTW, Merry Christmas.

2006-12-25 06:08:53 · 6 answers · asked by Mr. F 2

Any place like this exist in the US?

2006-12-25 05:23:51 · 4 answers · asked by HomeSweetSiliconValley 4

The apartment i will be moving into will not be ready for at least 3 more weeks. If the my current landlord will not grant me an extention how much time do I have before they will force me out.
My lease expires on 12/31/06.

2006-12-25 04:15:02 · 9 answers · asked by respadatcill 2

2006-12-25 04:03:12 · 3 answers · asked by Patricia S 3

2006-12-25 02:46:53 · 6 answers · asked by haritanusan2002 1

I'm looking to start buying real estate. I'm looking for a good web site or any advice to start goal setting.

2006-12-25 00:56:02 · 8 answers · asked by David R 2

I just pulled up my credit score and found it to be 701.Is this high enough to get pre-approval for a mortgage loan.I am a first time buyer

2006-12-25 00:40:52 · 10 answers · asked by Anonymous

for investment.. most cities are growing, but which is most investment friendly??

2006-12-24 23:21:04 · 9 answers · asked by Black Gold 1

There are several reasons for wanting to move:
1)mangment- these are some of the most horrible people I have ever ahd to deal with. they treat me like a child, are very rude, and simply do not care about my needs.
2)my roof leaked- during a rainstorm the entire corner of my room began dripping with water. they waited a over a week for it to be fixed, only doing something when I came into the office demanding it be fixed immidiatly.
3) no pets. I live by myself, its lonely. I would love to adopt a dog, or even have a bird...a hampster? but NO PETS....
4)At night I have to sleep with a humidifier becuase I can here the tenent upstialrs trounce around and watch tv.
Now: Once I spoke to the office about moving out and breaking lease they said I could do so if I paid the remainder of the lease, or found someone else. However everyperson I have offered to take over my lease is, they have found ways to reject them. I don't know what to do. I have to get out of there...I'm going nuts!

2006-12-24 18:44:37 · 7 answers · asked by birdygirl226 2

Is it possible to be a real estate agent in your part time? I'm talking as a second job, second income. I'm looking for people who've done this or are doing this now. What are your experiences?

2006-12-24 18:00:19 · 6 answers · asked by emcphx 2

2006-12-24 16:14:46 · 1 answers · asked by vermaashokant 1

2006-12-24 16:12:13 · 5 answers · asked by dog 1

My boyfriend and I would like to buy a house. We have no money down. We are looking between 130k-190k. We want to roll this into obviously a 100% financing mortgage, including closing costs. I am not sure for this finance amount how much PMI would be. I would like to avoid PMI and maybe get an 80/20 loan. The thing is...in 3 years my boyfriend will have his bosses job, which ups his salary quite a bit. I was thinking if we took the 80/20, once he got that job we could pay the 20% part off rather quickly, then be left with the 80%. Is this a good idea? Or is the PMI a much simpler way? How much does doing the 80/20 up the rate? I need some suggestions!

2006-12-24 16:08:40 · 11 answers · asked by sleep_chic 3

Can someone tell me the steps to purchasing a house then selling it? It would help alot!!! And where should i start?

2006-12-24 15:09:00 · 6 answers · asked by bboyballer112 2

My friend and his family moved into a house here in our small town in missouri,but maybe getting evicted because the landlord does not allow visitors of anykind,ever. No family,no friends, no nothing? Its in there lease and they only accepted it because they were going to be homeless. If this happens they will stay with me for a while but can the landlord legally put somthing like that in a lease? It seems a tad bit ridiculous.

2006-12-24 15:01:29 · 10 answers · asked by Borg_MonkeyDrone 3

I know that a lot of people say that a 40-yr mortgage is not a good deal because you end up paying a lot of interest and the monthly payments are only slightly lower. But if that option was chosen anyway, would it be possible to refinance to a 30 year loan within the first five years so more equity can be paid in the house faster. In other words, is it necessary to keep the loan period to the 40 years even after refinancing? I would appreciate any help. Thanks

2006-12-24 14:55:38 · 7 answers · asked by aToTheZ 1

APR?
APY?
Escrow
Escrow balance
Amoritization
Negative amoritization
What's a brokers Job
Closing Costs
Forecloure-and how to make big money on it
If you can give examples on these it would help ALOT thanks and define thank you

2006-12-24 14:16:24 · 3 answers · asked by bboyballer112 2

I'm 18 and i've learned some secrets of real estates. I want to know is it wise to start young? also i got it from carleton sheets program is this a valid source? and do you know of any bad properties in good neighborhoods in southern cali? Any help is good help at my point. Thanks!

2006-12-24 14:02:06 · 3 answers · asked by bboyballer112 2

I currently rent in San Diego, CA and I am thinking about moving. Without just driving all over California, how can I find out about areas, rental prices, housing prices, etc? Especially if I don't know the names of the areas - Say, I am interested in moving north east of San Diego? Or, do I just have to go and look on a map and do a search for each and every city? Isn't there a mega real estate web site that lists things for all of CA? Thanks!

2006-12-24 14:00:15 · 2 answers · asked by AnnaB 2

I currently rent and am tired of "throwing my money away" every month on my crappy little apartment. I'm looking to buy my first home and am trying to weigh all of my options. I have great credit and do not have any debts whatsoever (no car payment, credit card bills, etc), however I only make around $40k annually.

I've looked at regular condos and townhouses, but they all seem out of my price range at the moment. A decent one in my area sells for at least $200k. I've noticed that co-ops are much cheaper, but I don't know if I'm sold on the whole idea that I would own stock as opposed to an actual piece of property.

So my questions is: Is a co-op a good option for me or would you recommend that I stick with my crappy apartment a few more years, continue to save, and then try to BUY a condo/townhouse?

2006-12-24 12:26:20 · 7 answers · asked by kloffolk 2