Renting & Real Estate - June 2007

2007-06-30 06:02:08 · 5 answers · asked by ? 1

In a question last night, http://answers.yahoo.com/question/index;_ylt=AqLU5sEDGZDzMgs_rjyAoYvty6IX?qid=20070629234830AAyLQo0 (please also answer that one too if you can) I mentioned that I am a 22 year old college student and would like to get into real estate and renting at some point in the near future. One of the answers got me thinking. I may have a general idea of what it would be like, but there's probally alot of aspects that I'm not aware of.

So my question is simply this; what are the Pros and Cons of becoming a landlord?

2007-06-30 05:48:40 · 2 answers · asked by Joe 4

i own two homes, one in florida and the other in sc. moving to sc for good and cant sell the house in florida. if i just stop paying payment and my sc house is in a trust, whats the process or what can happen after i stop making payments??

2007-06-30 05:25:59 · 8 answers · asked by ryan s 1

Ok, we have a new baby on the way and a 16 month old son now. Our son's room is currently a pastel blue (like baby powder blue) and we know since the housing market is horrible- that our house may not sell for quite a while. So we wanted to make our new baby's nursery as cute & comfy as possible while we are there. We would actually like to paint it sage green (like a very light mint color) so when we find out the sex we can just add blues or pink accessories to the room instead of painting. The rest of our house is already whites and tans with neutral carpeting and wood and tile floors. The question is: Do you think with a powder blue room and a sage green room, our house will sell? Any opinions would be greatly appriciated. Thanks in advance.

2007-06-30 04:35:36 · 6 answers · asked by starlightstarbright 3

My wife and I are selling a two-family home, one unit in which we have also lived for the past seven years. We plan to purchase a one-family home. Our capital gains will be about $400,000. We plan on using this gain as the down payment for the new house. Is this considered a 1031 exchange? Will the sale of the two-family home be considered just capital gain because it is our primary residence?

Any help is greatly appreciated.

Thanks

2007-06-30 02:49:07 · 2 answers · asked by Flaming Mask Guy 3

when dose the summer sale for next start this yr

2007-06-29 22:29:32 · 6 answers · asked by carrie f 1

There's a growing groundswell of opposition to the substantial discounts given by builders to private investors who buy houses to let. Rightly or wrongly, first-time buyers blame them for pushing up house prices.

As in North America and Australia, most private buy-to-let investors are ordinary people who see their investment as an ideal way to create enough retirement pension to live on.

As Chancellor, Gordon Brown's record on 'improving pensions' was hardly a success, and the UK old-age pension (US: social security) is no longer enough to live on.

Can we believe that as Prime Minister he will actually help house buyers by bringing changes to the housing market? Or just stop those trying to help themselves in old age?

2007-06-29 22:05:37 · 15 answers · asked by Jifri 2

law to live on your own

2007-06-29 20:13:48 · 4 answers · asked by Anonymous

I understand you contact the Land registry but I have been told you can download them. I seem to have mislaid my deeds and urgently need to inspect them or obtain a copy as we have a dispute with our neighbour. Can anyone help?

2007-06-29 19:55:18 · 0 answers · asked by Redmonk 6

Looking at a few different areas to move to... I'm 24 and just looking for a change and was interested in what living is like in Pismo Beach.. Just curious on what the area is like? Where would be the best place to live around there? Whats the pros and cons of the area... Basically any info you have.. Thanks :)

2007-06-29 18:01:15 · 2 answers · asked by Shannon 2

i am bilingual

2007-06-29 16:29:06 · 3 answers · asked by shanice 1

Looking to set up a real estate investment trust, looking for guidelines, best practices and sample business plans. Thanks.

2007-06-29 15:19:41 · 2 answers · asked by Frank Rizzo 2

I rent out a few rooms in my house. As of late, I decided to start charging late fees because to many times roommates think that they can pay the rent based off when they get paid rather than when it's due.

Anyway, for instance rent was due on wednesday and my roommate did not pay until today. So, I charged him a late fee for thursday, but do I charge him a late fee for today even though he paid up today? How do most landlords apply late fees?

2007-06-29 15:06:59 · 4 answers · asked by axlman 3

2007-06-29 15:03:52 · 6 answers · asked by Anonymous

I supposed to stay. I have one more month left on my six month lease. I want to move now. Is there anything I can do say, I'm considering just baling they could find someone for the apartment in no time.

2007-06-29 13:46:31 · 5 answers · asked by Anonymous

Please advise how can I get the lowest possible mortgage payment for a house around the $200k price range. My income is around $30k+ and my credit score is 700+ with no debits. I am a 1st home buyer also.

2007-06-29 13:39:02 · 12 answers · asked by teedoe3 1

I am a student right now and I don't have much of an income, but the landlord of every apartment I have been to in this city asks for proof of income over 24k. Well, I don't have that of course, but I asked them if it would be good enough if I had 20k "in the bank", and they said yes. Well, I inherited about that much but it is still in a trust fund - so, how can I prove it is there, and do you think they would accept that? If not why not? REAALLY need some help here, thanks. Also, how the heck do other students get apartments???? I guess they mostly get rooms or something.

2007-06-29 12:56:26 · 5 answers · asked by Anonymous

2007-06-29 12:50:05 · 2 answers · asked by Anonymous

if you live in your house for 2 years and sell it, you get 250,000 tax free, and up to 500,000 tax free if your married. but thats for your primary house.

what if i have investment houses. how long do I have to keep them to sell them tax free?

can you use a 1031 tax exchange on investment properties? or is that only for your primary home?

everyone says, your primary home gets taxed more, but investment get taxed less, so wheres the tax benifits for investments?

2007-06-29 12:23:03 · 6 answers · asked by beach_babe971 2

How much do they usually cost?

2007-06-29 12:09:50 · 5 answers · asked by happyteacher4u 2

This guy on land my mother gave to me says he has a ninety nine year lease. However he couldn't produce the paperwork. How do i get him out.

2007-06-29 11:52:08 · 4 answers · asked by amandanumba2 1

I spoke with a mortgage broker and he stated we needed to have 2-3% for a down payment on a home or at least this money in reserves. I do not have either and doubt I will be able to save this kind of money. My family cannot help either. HELP!!! I want to own my own home but do not know where to turn. Any suggestions?

2007-06-29 10:43:14 · 9 answers · asked by LadyM 2

My sister recently passed away. In her will, she beqeathed all interest in her half of the marital home to her spouse. According to her spouse, he has consulted an attorney regarding the will and was informed that no matter what the will stated, my sister's four children retain their mother's interest in the marital home. Nonetheless, he kicked the children out of the home immediately following her passing and none have resided there since. Her spouse has recently been threatened with foreclosure by the mortgage company.

My question is, if this home is foreclosed and auctioned, can my nieces be held responsible for half of the debt? I can't seem to get a straight answer from anyone on this. If their credit will not be affected, I say let it foreclose and let my sorry brother-in-law take the hit to his credit. If they will be affected, I want to do what I can to prevent it/sell it before foreclosure, etc. Anyone with experience in this area?

2007-06-29 10:01:53 · 4 answers · asked by TKD Mom 1

My landlord is aware of serious black mold growing on our ceiling and wall in our upstairs bathroom, the green mold on the outside of our duplex, unfixed holey screens, and a dishwasher that leaks bad water and doesn't work. We have told her 100 times about these issues and she says we have to fix them and then she will reimburse us a certain percentage of what we paid. She keeps saying she will send a guy to look at the dishwasher and no one ever comes. We have to move in october but cant handle waiting any longer. What can we do?

2007-06-29 09:46:19 · 8 answers · asked by Lisa B 1

I've been working for the last 6 months through a company so i can provide a w2 now. but the last 2 years before that i cant. what can i do. besides a co-signer

2007-06-29 09:38:09 · 7 answers · asked by confused 2

should watch for on a balloon payment on a 2nd. Supposedly locked for 15 yrs. & would either sell or refi again before the balloon payment is due.

2007-06-29 09:27:25 · 9 answers · asked by COblonde 3

before we approved the people moving in and before we signed the lease. Thats the first problem. They told us they would mail the 3months paid rent and deposit to us on the 14th. No checks today 6-29 so I called. the accountant said its been busy the pass week and theres a new computer system, the check are cut but she hadnt mailed them. She said they'll go out monday july 2nd. Is this legal for them to hold money that isn't theres, when people are already living in our house since 6-12. It's almost been 1 month?

2007-06-29 09:25:22 · 6 answers · asked by GoogleMeBiotCH 1

My house is appraised at $135,00, but selling it for a little over $136,000. Is the buyer's bank going to be okay with that? Someone on here told me about appraisals, now I'm worried!!!!

2007-06-29 09:23:09 · 8 answers · asked by Anonymous

I want a loan for a rented out section 8 property for 36000. Is that possible.

2007-06-29 09:19:21 · 6 answers · asked by hayes271 1

In Pennsylvania, my landlord died and his live-in girlfriend claims she's now the landlord. I guess she's going on the whole "common-law wife" bit, but when he was alive I wasn't even allowed to give her the rent! he knew she'd spend it. Her name was and is not on anything having to do with the house, deed, bank accounts, etc. When landlord died, he was in the process of fixing some things. They still haven't been fixed so I stopped paying rent. Legally, I wonder who owns the house? He has no family that has come to claim his property and if "possession is truly 9/10 of the law" then don't I have a claim on the house? Also, if she sells it (to me) and her name isn't on the deed, if a "legal" claimant comes along, can they take the house away from me? I have an appointment with a real estate attorney next week but in the mean time was curious if anyone out there had a real clue to what my rights could be. Thanks.

2007-06-29 09:05:47 · 14 answers · asked by Brandy 6