Renting & Real Estate - March 2007

I have a condo that I lease out, I want to sell this condo but want to sell it by means of "lease to own" can this be done?...

Example...

I lease this condo that I still have a mortgage on, I DO NOT own it outright, I want to sell it to Jim thou "lease to own" terms, meaning I will still retain the title/deed and the orginal mortgage. Say Jim decideds after a year he needs to move, can he then in turn "lease" or "rent" the condo out even thou he is still in a "lease to own" contract with me?

I think it equates to "sub leasing" but want to make sure there are not legal issues at stake here when MY mortgage company can come back and bite me in the butt..

2007-03-10 02:05:55 · 4 answers · asked by Anonymous

Trying to name my residential rental property business:
Ambassadors M&J Rental Properties or
Almighty M&J Rental Properties

2007-03-10 01:56:05 · 3 answers · asked by easterwright 1

Question is, can I work for a broker in Pennsylvania while continuing my working relationship with the company in Maryland? They don't have their PA license yet and aren't real sure if they will pursue it. I am new to this line of work (I was previously an appraiser) I enjoy working with real estate and would like to pursue this in both states. Also if I can do this I am looking for a broker/lender in PA who would take me on. Thanks for reading all this, looking forward to the replies, you can email me through here if you like.

2007-03-10 01:30:19 · 2 answers · asked by Dusty 7

I just received my real estate salespersons licence in WI. I am now starting the process of finding a broker-employer to sell for. What would be some good questions to ask the potential employer? Also, what would be some good things to look for in a potential employer (i.e. use of companies fax or not, use of a company car)?

2007-03-10 01:30:01 · 5 answers · asked by nhart24 2

my girlfriend is to move in with me, and we cant work out whether to sell or rent her house. is she exempt from cgt if she sells (she's lived there for over three years)? is the tax on renting punitive (she's higher rate)?

2007-03-10 01:24:35 · 15 answers · asked by rob b 1

what is your description of the ideal house? e.g driveway.

2007-03-10 00:51:46 · 9 answers · asked by Anonymous

i want to buy my council house,i have recieved a letter back saying the right to buy the following property has been admitted what does this mean?

2007-03-09 19:48:54 · 4 answers · asked by PAULA H 1

We have been shopping for a new small home. We met a guy today that had 3 houses for sale, but told us personally that we shouldn't buy them bc of their condition.. but that we should buy his friends house. His friends mother recently passed away and it was her home.

The house has a few minor problems. The assessor appraisal is 36k, which is 60% of the market appraisal.

He said there are 3 other ppl looking to buy it, including himself. What gives? Why so cheap and why did he show us his friends house?

2007-03-09 19:48:07 · 11 answers · asked by PlasticTrees 2

I'm 21 years old and I'm looking to move out on my own, I was looking into two lofts, but I dont think its rent to own. And even if it was Rent to own, the rent is $5500 for one and the other one is $8500 a month, the two lofts are AMAZING,.here's the two loft, you can view it to get the idea:

http://newyork.craigslist.org/brk/fee/290473427.html

http://newyork.craigslist.org/brk/nfb/278616712.html

Question 1:Is it worth the money if it is Rent to own?

Question 2: Am I too young to purchase a house? I'm a Full time Hair Stylist/Makeup Artist and a part-time Student, I always thought when I'm ready to purchase a house, it will be around the time when I'm ready to start a family. I'm in a 2 year relationship, but this is not about US, it's for ME, I will be the only one living here at 21 yrs old, I'm not ready to live with my BF. I can always get a basic 1 or 2 bdrms apt, but I have 2 puppies and I'm also into the hobby of Koi Keeping, which eventually I plan to build an pond

2007-03-09 17:30:57 · 9 answers · asked by JamaicanVixen 3

My fiancee is currently having problem with his legal status..hes talking to a lawyer but he does not have a social security number. We need to get an apartment but i do not make enough to sign for one. Will i be able to get a cosigner and still get an apartment. Between me and my fiancee we can afford an apartment but the problem is he cant sign for one because of his legal status. He is working and gets paid about 2,000 a month and i work part time and get paid 10 and hour. I get paid every two weeks and i earn about $450 each paycheck. Can he still live with me because i know alot of apartment want to know who lives with u. Will it matter that he doesnt have a social security number? What are my chances of getting an apartment?? I am really worried

2007-03-09 16:38:20 · 4 answers · asked by **AnGeL DuSt** 2

I have land and need to get money from different sources to develop the projects. If you know of sources kindly let me know.or other development ideas. Thank you.

2007-03-09 15:11:51 · 7 answers · asked by EarthRover 2

there is a apartment building that i want info . i beleve it is haunted and i want to know ? where can i get this info ?

2007-03-09 15:06:02 · 2 answers · asked by JenN 2

I will be moving to Singapore and am deciding on which neighborhood to settle in. Thanks.

2007-03-09 15:05:24 · 1 answers · asked by Paul 2

2007-03-09 15:03:03 · 10 answers · asked by the cuban 1

I am purchasing my first home from a seller who never lived in it, only rented. If the renters had an outstanding balance with the electric or utility company, would they be able to place a lien on the property and delay my closing? My real estate agent mentioned this but it doesn't make sense that a third party's outstanding debt would effect my purchase of the property.

2007-03-09 14:43:14 · 8 answers · asked by Matt and Diane 2

Looking into possibly purchasing a condo or townhouse. The condo fees are approximately 2 to 3 times more than the HOA fees for a townhouse, between the ones I was looking at.

The condo fees include water/sewage and also hazard insurance in which the HOA fees do not include.

If I purchased the condo, does that mean that I won't have to pay the "I" (insurance) part of the Principle, Interest, Tax, Insurance (PITI) because it is already included in the condo fees?

2007-03-09 14:16:28 · 6 answers · asked by Anonymous

2007-03-09 13:35:02 · 8 answers · asked by Vernon U 1

2007-03-09 13:29:41 · 5 answers · asked by t_boost_junkie 2

2007-03-09 13:13:55 · 7 answers · asked by Demicheon D 1

here is the link http://realestate.yahoo.com/Florida/North_Miami_Beach/Homes_for_sale/4949d9f206c5680594ddd0bfa094beb6;_ylt=AiGLqQJDjqYtcREM9y0H7E_nMrQs?cc=realestate&p=33160&priceHigh=300000&priceLow=200000&nodeId=750007014&sortBy=price%202&radius=&bedrooms=2&bedrooms=3&bedrooms=4&bedrooms=5&bathrooms=2.0&bathrooms=2.5&bathrooms=3.0&bathrooms=3.5&bathrooms=4.0&type=classified&b=11

2007-03-09 13:13:05 · 3 answers · asked by Anonymous

Why are real estate sales so SLOW now here in Miami?
I want to know because i've been trying to sell my condo and it has been already a month and half and only one person had come and seen it. and obviously that person did not have any money because they never came back to make a deal

2007-03-09 12:52:11 · 11 answers · asked by Anonymous

Given the following scenerio, will this person be able to rent another apartment?

They are searching for an apartment and they are four thousand and five hundred dollars in debt. They gross thirty-nine thousand dollars a year. They have lived in their current apartment for almost twelve years. They have never been evicted. They are worried about whether or not they will be able to afford a new apartment, considering that they are deeply in debt. With their high debt and not so cool credit score, do you feel that they will be able to find an apartment to rent.

2007-03-09 12:31:40 · 7 answers · asked by DARMADAKO 4

"Imagine you want to arrange a mortgage on your first house purchase. You need $200,000.00 Find the best rates and terms available from three different type of lenders such as a mortgage broker a major bank and a banking company such as president choice. Describe the advantages and disadvantages of each and choose the best one."

2007-03-09 12:17:35 · 4 answers · asked by sweet 1

and the payment is less than $300 a month. Do you think it's a good idea? because over there is not develop yet, and I am young I don't know when i will be able to build on it. What do you think?

2007-03-09 12:06:46 · 7 answers · asked by Diamond C. 3

In Missouri, when can you move out without your parents controlling you. and not able to make you stay home.

2007-03-09 11:50:13 · 5 answers · asked by kornfrk2727 2

Thinking of maybe buying a home in the south bay over the next 6 months or so. Does any of this talk about softness in the housing market apply to the bay area? (San Francisco/San Jose Bay Area). Historically there seems to be little correlation, in fact there was huge appreciation even through the relatively bleak post 9/11 period.

2007-03-09 11:21:11 · 6 answers · asked by Nick N 5

when i calculated on mortgae calculator i find out the difference
between having a down payment and zero down a few dollars.

2007-03-09 11:08:46 · 8 answers · asked by HAPPY 65 1

There's a luxury apt close to work, but it's a studio and it is $1495 a month. The apts in west la is so expensive but my work and school is there. I know it is going to be so convenient to live close by work. It's approximately only a mile from work so i can even go home for lunch. Do you think it's worth paying that much for convenience?

2007-03-09 10:56:31 · 4 answers · asked by ladyinblue 1

2007-03-09 10:49:44 · 4 answers · asked by Anonymous

I am applying to rent an apartment and I don't have the best credit and I have only lived with my parents. I am 24 years old with a steady job. Would I have problems renting?

2007-03-09 10:45:10 · 3 answers · asked by jessica g 2