Go To
http://losangeles.craigslist.org
you will find something good
2006-10-17 08:11:58
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answer #1
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answered by Anonymous
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Rent it if at all possible. Get the new house and a fixed-rate mortgage on it. If your finances makes this make sense later and particularly if rents go up in the area a little at a time, refinance the townhouse to get some of the equity out; put a chunk of that money on the house you've living (refinance). This would reduce your payments and increase the equity in your primary home, leave the townhouse with the rental income paying all of most of the mortgage on that property (provided your timing and terms etc. were aimed at this goal). Your month mortgage would be lower, leaving you with more of your money for additional investing (or at least leaving open the chance that that situation would arise later). Set aside money as a cushion in the event the renter doesn't pay for a couple of month or in the event the property goes without a tenant for a little while. It seems to me that by using the townhouse as a source of equity for your primary property you can accomplish your aim of increased equity while at the same time keeping the townhouse and leaving open the chance that it may later not only pay for itself but provide an income. Of course, all the numbers and timing of what gets done when would have to be worked out with consideration of whatever your financial situation is - but above is what I'd aim for. I think any time you have property you should keep it if possible as long as it doesn't cost you money; and even if it is never does anything but break even you (and your kids) will have the security of the option of living in it or selling it when it is clear that selling it would make sense. Even if the rent doesn't give you an immediate income, property values do go up; so letting it sit and appreciate in value makes keeping it worth it regardless of anything else. With the refinancing of the properties you get to keep both but increase how secure your primary property in a relatively short period of time (couple of years maybe). The price of real estate may be dropping some right now, but it probably isn't going to drop to "zero" in the near future. If you could work out the numbers with the idea that housing prices will most likely rise again (and with the idea that if they just drop and drop "forever", which is unlikely, you'll re-think your plan); you should be able to figure out some wise plan. You have to be ready to be flexible and make wise choices if/when any big changes seem to be occurring in the market, but I think I'd aim for this type of thing first and re-think if necessary later. Just my opinion and what I'd do if I had to choose..... My reasoning is: Aim for the thing that would give you the potential of most growth and security first and adjust later if it appears that the plan is going in the wrong direction. It may involve more risk than selling the townhouse would in the short-term, but the likely long-term benefits, in my mind, far outweigh the risk. Can you lose in some way? Yes, but I don't think its likely; and by the time it were to become evident that you may lose you would probably have the time to do something to head off any big loss.
2016-03-28 13:11:17
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answer #2
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answered by Anonymous
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just type on any search engine, example yahoo>>type houses for rent, and you are going to see few options OK good luck...
2006-10-17 08:48:27
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answer #3
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answered by letloret 1
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Craigslist.com is AWESOME and Californians love the site....I also use rentclicks.com (I am a landlord).
GOOD LUCK
2006-10-17 14:49:24
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answer #4
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answered by blondee_n_az 2
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I used rent.com when I was looking, and I found my roommate on Roommates.com
2006-10-17 08:17:34
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answer #5
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answered by lazydazy 4
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you can also try www.realtor.com
you can put in what state/town etc.
2006-10-17 08:28:14
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answer #6
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answered by Tina 1
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craigslist
2006-10-17 08:27:52
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answer #7
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answered by Anonymous
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pennysaver.com
2006-10-17 08:17:59
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answer #8
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answered by Ms.Budonkadonk 4
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craigslist.com.
2006-10-17 16:14:38
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answer #9
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answered by Answers Nickname 2
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