Renting & Real Estate - March 2007

What is you Best Real Estate Investing Tip?
You are more than welcome to post it on Your Creative Real Estate Investing Forum:

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Thanks!

2007-03-04 07:17:01 · 5 answers · asked by Anonymous

I am 23 and living at home working full time and started a small business over a year ago. I am an entrepreneur and I am looking to take my life to the next step by investing in Real Estate. I feel like renting wont ever get me anywhere so I want to avoid it if I can. I live in NY about 2 hours from NYC. Houses up here are 200k +, o r300k for something nice. I have looked into area's down south like SC where i have visited several times... Myrtle beach, Charleston...etc Seems more doable, but I am still single and only make about 40k a year at my job and maybe another 10k with my business in it's first year. I have about 5k in saving's. Will I even be able to make the mortgage payments? Seems kinda close to me taking in car insurance and gas, and groceries. I have Mentioned to my father about an investment together, where we split everything in half and also split the profits when we sell. Where should I start and how much should I save first?

2007-03-04 07:04:16 · 7 answers · asked by Jeremy F 1

We have a child who has ADHD and SPD. He is wonderful during the day because he is on med's.
However at night he will not settle down, We had tried sleeping medicine and at first that worked but he got use to it and he is already on the highest dose that he can SAFELY get.
I feel very bad for our neighbors because he will keep them up most nights and they just had a new baby so I understand that they would HATE us and want to see us leave.
However now because our landlord won't kick us out due to his disability they are making things up. and we would love to find a new place but we have not found a rental home in our price range and currently we are trying to get a loan to buy a home.
Every time I try to talk to our neighbors about this they walk away.

Does anyone know of any programs that will help people caring for someone with a disability get into there own home?
Or just any company's that will get anyone into a home?

Also any tips on this matter would be helpful...Thanks

2007-03-04 07:02:44 · 4 answers · asked by Anonymous

We have been approved for an FHA loan. We found a doublewide trailer on 4 acres that we like. Does anyone know if fha will approve the loan on a trailer-house? I know FHA has certain restrictions for buying. Dont wanna make an offer and get our hopes up, if the mortage company is going to deny the place. Like I said we Really like it alot....Its a 2005 Solitaire Double-wide. In a very nice neighborhood, and its in the country...

2007-03-04 07:01:45 · 3 answers · asked by SweetP 2

House has been empty 6 months. My house is sold and all loans and inspections are finished on both houses. The new owners are moving from 20 hours away, and have 2 kids. They want to take possession immediately after our back-to-back closings next Fri. Since the house we are moving into is empty anyway, what is the rule of thumb on this?

2007-03-04 06:48:36 · 5 answers · asked by mel s 6

nice old house w/acreage is not selling..its been 7 months..understand the market is soft...is it better to rent it out for a year or 2..or keep trying to sell?

2007-03-04 06:44:52 · 5 answers · asked by maine is home 1

2007-03-04 06:42:16 · 5 answers · asked by rvrnlutt@verizon.net 1

I have just became a landlord any advise from exsisting ones about potential problems and how they were resolved

2007-03-04 06:17:36 · 10 answers · asked by Anonymous

anyone ever do this? what's the good things about a lease to purchase-

2007-03-04 06:00:17 · 5 answers · asked by amiilee28 1

I live on the 2nd floor and my landlord lives on the third floor of private house. His two kids are 5 and 7 and they make too much noise. They run around and wake me up from my sleep. I have told him to take care of this, but nothing has happened. Is there anything I can do. Specifically legally? Thanks

2007-03-04 06:00:07 · 4 answers · asked by Ahmed B 1

My husband and I signed a lease agreement that the owner's real estate agent presented to us after seeing a place we love. I have never met the owner, nor I am privy to the owner's name, or contact info. We didn't fork over any money yet(deposit) but after all this, the owner asked (through the agent) for a background check which revealed a battery charge against my husband from 8 yrs ago when we were having marital disputes. Now (10 days later) the owner has still not signed the lease. We live in Illinois. Are we liable for rent even though the owner never signed the lease and is continuing to show the property? Can we force the owner to sign and stop showing the place to others?

2007-03-04 05:44:59 · 4 answers · asked by Anonymous

i live with my wife only (married 40 years) the price of the house is less than half of present day prices The offer we have is from the local council which is £55.000

2007-03-04 05:43:06 · 4 answers · asked by Anonymous

2007-03-04 05:38:36 · 4 answers · asked by Anonymous

My new pymt will be over $1500.00. My credit is not too good to refi, I've tried that and the deals are no better than what I have now. With the new pymt, my husband and I will only have $300.00 per month to live off of. We still have to grocery shop, gas up our cars and take care of our children. This appears to be the only option. I bought the house before I got married and have refinanced several times. I now owe too much to sell in our area. If I foreclose will it go on his credit? I don't know what else to do.

2007-03-04 04:36:32 · 6 answers · asked by Danita A 1

I live in NYC. I can rent a 2BR for 1200. Buying a 2BR would cost at least 0.5 Million. It seems MUCH cheaper. Can anyone prove me wrong?

2007-03-04 04:08:42 · 3 answers · asked by chemcook 4

utilities,gas,house,autos,everthing we pay for now

what would happen?

2007-03-04 04:07:28 · 10 answers · asked by BAMA G 1

Option 1:
Condo on 2nd floor, built in 1984. $310,000.
2 bedroom, 2 bath, 2 covered parking spaces downstairs.
895 sq ft. No lot. Share pool facilities with other 67 units.
Located in an average neighborhood.
HOA fees $225/month.
Commute to work 25 mile one way.


Option 2:
An attached single family house, built in 1925. $302,000.
1 bedroom, 1bath, 1 covered garage next to building.
480 sq ft plus a covered patio (120 sq ft)
Lot size 1400 sq ft (can not be utilized for an 'add-on')
Located in a Good neighborhood.
HOA fees $40/month.
Commute to work 16 mile one way.

2007-03-04 03:24:35 · 5 answers · asked by Anonymous

2007-03-04 03:16:52 · 7 answers · asked by frivolouscrimesquad 1

I am selling a DVD player on eBay and a potential buyer wrote and said she only wants to deal with payment by escrow. Its just a small item, about $450USD I thought escrow accounts were mostly for lending and big purchases. I only use paypal and it works fine. Can someone explain what she is talking about.
Thanks!

2007-03-04 02:07:35 · 5 answers · asked by Kevin 2

I am getting married in 3 weeks and my new husband and I are looking to start some investments together. We have the talents and resources to do most of the work in home improvement stuff ourselves. With the housing market so down in Michigan I am just wondering if fixing up and re-selling is a good idea. We could also try purchasing a couple homes to rent. Is this a good idea or would other investments be better?

2007-03-04 02:06:07 · 3 answers · asked by Pavement Princess 1

Carlton Sheets "No Money Down", John Beck "Free and Clear", Russ Dalby "Find it, list it, make money" and John Alexander "Richer in 14 days" have infomercials on late night TV about their courses. Has anyone ever done any of these and are they for real?

2007-03-04 01:26:05 · 3 answers · asked by rixter 1

2007-03-04 01:09:28 · 9 answers · asked by RUNINTLKT 5

its ready for rib down and respray is there anybody out there qualified and would let me help help ie just the labour things this would not afect the payment just want to be part of it liveing in south west england

2007-03-04 00:56:49 · 3 answers · asked by Anonymous

Is it worth buying home and land in Dubai at a value of US $ 1,000,000? Is it safe?

2007-03-03 21:05:51 · 1 answers · asked by bhatian 2

Who do you feel are more sleep deprived, people who live in apartmemts (co-ops and condominiums included) or those who live in houses (trailers, town houses and mobile homes included)?

2007-03-03 20:24:07 · 11 answers · asked by DARMADAKO 4

2007-03-03 19:09:06 · 4 answers · asked by Naz 1

Give up everything (except keepsakes)even your home, to move to a place where its warm year around( but much more costly,and housing prices are higher) and live in a much down sized home for the nice weather? I am considering this and need some opions.

2007-03-03 18:58:56 · 7 answers · asked by seven-11 4

I'm 19 years old and I want to get an appartment. I have no credit in my name what so ever from what I know of. Was just curious if it's bad to not have any credit at all...

2007-03-03 18:42:56 · 7 answers · asked by _bucko 1

Can a company that placed a lien on real property still charge late fees and intrest?

2007-03-03 18:32:41 · 2 answers · asked by patty120499 1

Someone told me that I am NOT legally obligated to tell property management that I not going to renew my lease for one more year and that I can just turn in my keys on my last day. Is that true? I hate the place I am living at because they don't care about their tenants after they get them to sign the lease so I don't want to give them any notice that I am moving out. Please let me know if you know for sure. I have fulfilled my one year lease and will move out at the end of the month. Thanks!

2007-03-03 18:22:21 · 10 answers · asked by sws 1