Renting & Real Estate - January 2007

I would like to make some money from this investment, but the market is not good to sellers in this market. I can get either one for less than what it was worth a year ago. If I buy an older home for roughly 130k, I'd need to put about 15-20k to get it into top shape but the max it could sell for would be around 155-160k, so not much $ to be made. On the other hand I could build brand new for around 150-170k and when this new devolpment is completed, the neighborhood will be very nice and could possibley (key word there because there is no way to know exactly what a comp would go for yet) get 200k. I'm looking to buy now and sell in 2-5 years. If anyone has any sort of first hand info or expirience with flipping an older house, buying and selling a new house, making or losing money on real estate, It would be nice to hear. Thanks.

2007-01-01 07:37:31 · 5 answers · asked by maas25 2

I am buying a home that will be finished in june. On the purchase aggreement it says subject to receiving under 7 on a first and under 8 on a second mortgage at the time of purchase. Well, I can understand receiving under7 on my first but under 8 percent on a second going stated income is going to be nearly impossible. Currently thats a quarter under prime and I am looking in the 9.5 range. If the housing market crashes more by then can I get out of my contract and receive my 5k that I put down on the home? I really do not think I will be able to get under 8 percent on a second going stated income. thanks

2007-01-01 07:20:18 · 1 answers · asked by Anonymous

Extra expenses? Can you renovate? Who pays insurance? Do I pay renters insurance basically to cover my items inside? What about the actual structure? Im from the South and down here we mostly have houses so any advice is appreciated!

2007-01-01 06:48:45 · 9 answers · asked by hopes2graduate 1

if we loos our home in a foreclosure, and it goes to auction, and they do not get the amount owed on the house through the auction, are we liable to pay the difference? or is it settled?

2007-01-01 06:46:36 · 4 answers · asked by lonijean 3

I like to know if there is a house to buy on Bank Ave In St Vital in Canada

2007-01-01 06:38:56 · 1 answers · asked by pattibcacl 6

looking to buy a guest house/b+b just wondered if anyone can explain what lease/free hold means? do you make any money when you sell the lease? thanks

2007-01-01 06:29:25 · 6 answers · asked by tractortribe@btinternet.com 2

Why is it so hard to find financing in Califonia with not so perfect credit. I have a home I assumed and now I need to find the financing to keep it a float. What is the best route to go for refi if I was given a property that has a 1st in default and a private 2nd (prom note) also in default? Any help out there or advice. Willing to add investor to title if necessary.

2007-01-01 06:11:45 · 1 answers · asked by Million C 2

I am in college and live in a house with 3 other girls. As the year has gone on, constant partying and disrespect for other peoples property and sleeping time has gotten to be too much. We had a dinner to get things out in the open, which only made things worse... to the point they don't even acknowledge me in the house and yet continue to party like slobs. I want to move out. I can't be in this hostile environment in my last, very important year in college. This is my landlord's first and only house- he just fixed this one up this summer. He is shady like they all seem to be. It takes him weeks to fix things, and the walls between rooms are super thin and I can hear my roommates having sex in the livingroom. Our house is zoned for only three people to live in it, but there are four. One of us didn't sign a lease, unfortunately I did sign. Is it possible for me to get out without paying for the rest of the years rent? considering it is illegal the four of us to be living here

2007-01-01 05:59:37 · 6 answers · asked by Janet R 1

It seems to me like people's number one financial stressor is the mortgage. Doesn't it seem like one would have a significantly less stressful life if he/he moved into a trailer? Are trailers as bad as everyone says they are? Couldn't someone buy a used model and place it on his/her own land to save money? Sincerely, Ken M

2007-01-01 05:59:08 · 4 answers · asked by kmm4864990 1

hi, if you're looking for new homes (never lived in before) in Florida, (at extremely affordable prices) to purchase contact me at: shekerias@yahoo.com...great especially for people up North. usually 3-4 bedrooms, 3-3.5 baths, and some two storys.

2007-01-01 05:49:25 · 2 answers · asked by broken heart 2

MY GIRLFREIND HAD AN EVICTION NOTICE PUT ON HER DOOR SATURDAY. THIS IS A HOUSE SHE AND HER SOON TO BE EXHUSBAND OWNED. I CALLED THE SHERIFF AND HE SAID THEBANK TOOK HER HOUSE. HER EX GOT ALL THE MAIL ABOUT THE HOUSE BEING FORCLOSED ON AND NEVER NOTIFIED HER. IS THIS ILLEGAL SINCE THE HOUSE IS IN BOTH OF THEIR NAMES AND DOES ANYONE KNOW WHERE WE COULD GET ANY HELP TO SAVE HER HOUSE. WE ARE LOCATED IN SUPERIOR WISCONSIN. THANKS.

2007-01-01 05:47:02 · 3 answers · asked by ashland69 1

I rent the house from my landlord(my x used to be my bf & he WAS on my disability check til a few days ago) I have asked him repeatedly to go apply for welfare & move out he refuses to & has threatened me.. I have tried calling the police but he has destroyed all my phones when I try....

2007-01-01 05:25:26 · 8 answers · asked by cathycullipher 1

i should have rights we are looking in too a company too save our home it is lewis migation has any body heard of these people/they work with your mortage company when they wont listen too you. we would of never got behind if we wouldnt of had too fix all these problems at once gaslines /furnace waterheater

2007-01-01 05:02:42 · 3 answers · asked by opiesmother1550 1

i'm looking for a flat for me and my boyfriend around the Hayes or Hillingdon area

2007-01-01 04:47:10 · 4 answers · asked by Claire D 1

a good time to buy real estate for 50% of current value, or should a person wait until prices fall even lower?

2007-01-01 04:24:49 · 1 answers · asked by victorschool1 5

How do landlords with several buildings manage each tenant? Is it just a simple property management company or is there something else to it?
Thanks.

2007-01-01 04:18:56 · 6 answers · asked by Anonymous

2007-01-01 03:52:25 · 5 answers · asked by Anonymous

i live in pa and want to sell but i want to make sure i at least make 15,000 on it. what estimated number do they receive? is it better to do a sale by owner?

2007-01-01 03:19:12 · 9 answers · asked by toolate 3

for example 3 months, is this true?

2007-01-01 03:14:52 · 5 answers · asked by toolate 3

do i have to continue paying rent if i found out that the home is under foreclosure and the landlords didnt tell me i have been living here for 9 months.i'm also in rental subsidy program who have also help paid a portion of my rent to .the landlords filed abankrupycy on november 13,2006 they haven't paid the taxes on either side of the duplex i'm renting.can i get my deposit back from these landlords

2007-01-01 03:09:20 · 6 answers · asked by tasha1973@sbcglobal.net 1

On a regular basis.

2007-01-01 02:53:22 · 11 answers · asked by Anonymous

2007-01-01 02:53:07 · 14 answers · asked by unknown 1

I have heard this term used in terms of fees associated with a brand new home (as in "taxes, insurance, and mello roos fees"). What does that mean?

2007-01-01 02:50:18 · 3 answers · asked by chris_in_columbia 2

I currently live with my grandmother, with intentions to move into an efficiency within the next year. At $35k a year, in southern NJ, is this possible?

2007-01-01 02:37:40 · 10 answers · asked by Anonymous

2007-01-01 01:56:41 · 2 answers · asked by Jazz tone28 1

2007-01-01 01:47:36 · 4 answers · asked by Jazz tone28 1