Archive for March, 2009



Under Socialism there is no private ownership of land, how does tax increases for the rich equate to this? ?

Published on March 31, 2009

stripedtomatoe asked: Under socialism there is no private ownership of land or houses. People regardless of their job get relatively the same income. How does tax increases for the rich equate to socialism?
They government is not seizing homes.Carmel Valley Real Estate


Why do people say real estate is a good investment but how about interest, property taxes and maintenance?

Published on March 29, 2009

Yeah09 asked: I’m in my early 20s and it’s not like i need a house @ this point in my life. I read and article and it stated that it will take a very long time for realty to recover. i am thinking of getting a combo because you have to think about it you [...]


How do I get a mobile/manufactured home put only in my name?

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Bonsylar asked: My auntie is “helping” me take possession of a mobile home I inherited from my uncle (her brother).
She said it had to be put in her name as well as my name to avoid an inheritance tax and/or a gift tax. Why?
She said that in time (she didn’t say how [...]


How much Capital Gains Tax when selling Rental Property?

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ThompsonKnight asked: Okay, so the actual property belongs to my grandmother and she would like to know how much tax she will have to pay if she sells it. The people from real estate say she can get $450,000. I dont know if it matters or not, but she has owned this property [...]


Does anyone know how to get a job in the Commercial Real Estate industry?

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chitownj12 asked: I am interested in getting into commercial real estate, not sure what area….leasing, property management, lending, loan officer, I know it sounds cliche, but I basically just want to go where some big money can be made. I have a background in residential real estate as a loan officer and Account Executive for [...]


Real estate question marriage question in the state of Georgia?

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shoe sistah asked: My ex boyfriend who I am still married to (long story). Is buying a house in Georgia. I am not familiar with the real estate laws in GA. My question is am I legally bound to this house? Is Georgia a marriage state like FL? Meaning that even though its his house [...]


Things to consider when going from renting an apartment to purchasing a home ?

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psucunningham asked: I’m a recent college grad (2 years out) with a pretty great job. I live in NJ and never really considered purchasing a home… at least not for a few years. Over the holidays, I realized that I qualify for a VA loan… which would mean that I could get a home loan [...]


Looking for article from Yahoo news this a.m. about five best cities to buy real estate/condo in. Disappeared?

Published on March 28, 2009

abbfan00 asked: There was an article on Yahoo news this morning that seemed to disappear. Cannot find it anywhere. About condos for sale in Florida, Vegas, San Diego etc. Can anyone help with URL? Thanks.Chicago Real Estate


can i buy a rental property using my RRSP (under the 1st time buyers plan)?

Published on March 27, 2009

marc51000r asked: I’m looking to purchase a fourplex or sixplex.
is a rental property eligible real estate under the first time home buyers plan?Missoula Montana Commercial Real estate


how can I have a contract dissolution with a real estate broker?

Published on March 26, 2009

juan a asked: My real estate agent had me sign a contract for 3 months so he could be my agent while I made an offer in a house I was trying to buy. She never asked me if I wanted her to be my agent, I found out I had a contract with him [...]


Does a rental property have to be in the name of an LLC in order to claim income and expenses under the LLC?

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thaiger72 asked: I recently set up the real estate LLC, but haven’t transferred the mortgage or deed of the property to the LLC. It is still under my name. I’m wondering if I have to report income and expenses of the property in my income tax filing or if I can report it [...]


If I buy I home and get the rebate from the commisions my real estate agent get, how would it be taxed?

Published on March 25, 2009

Ekaterina K asked: I.e would it be taxed as my income and my regular tax rate would apply to it?Arlington Heights homes


Can you feel at home in a rental house?

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sugarplum1922 asked: My husband and I used to have an apartment, and I loved it there. We got annoyed with certain things..like not being able to sit outside or let our dogs out in the yard…since we didn’t have one. We own a townhome now and love being able to pull into the garage, and [...]


Now that the Real Estate boom bubble burst! What is the new hype in Real Estate that people may need help?

Published on March 24, 2009

tony e asked: I recently took a job as a loan officer, now with high interest rate; it is hard to find people to buy houses. I need to find a niche in the real estates industry besides doing loan for first time homebuyers. I am looking forward to read other people input.Dallas equipment rental


buy a 1 bedroom condo alone or split ownership with my folks on a 2 bedroom?

Published on March 23, 2009

SomeRandomGuy asked: my parents live in Georgia, I reside in NJ. I’m about to move towards home ownership and found really nice NEW condos in a great town for a price I can afford. I can only afford (and need) a 1BR unit, which I’ve looked at and love, though its a bit small. My [...]


Who said that the american dream was to own a home?

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Bob asked: We have all heard that the american dream is to own a home. With home ownership comes responsibility to pay property taxes, care for the building, etc. We have all seen the financial mess that this dream has caused.
Banks lending money, by force of the government in the Community [...]


I signed a contract with a real estate agency which said I pay 4%when they sell my property & now they want 6%

Published on March 22, 2009

jumjum asked: They said I have to pay 6 % now because the sale was from another real estate agency and they want a cut. They said I could have prevented this by muli- listing but I thought I was doing them a favor by only listing with them. Should I to pay the [...]


Is it better to specialize in commercial property management rather than residential?

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GOODAH asked: I am new in the real estate industry and is planning to specialize in the field of property management.Oakland commercial real estate


Is there any way to downloand California real estate forms (offers, contract, assigning contract) for free?

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LynnD asked: I’ve checked out legalforms.com and usalegal . Am willing to pay but want the most accurate, etc. I’m not an agent but am a fledgling real estate investor, looking to buy distressed properties and assign the contract.Oakland office space


What documents do I get at a home purchase real estate closing?

Published on March 20, 2009

Michael asked: Assuming no mortgage is involved, what documents am I supposed to get at a real estate home / condo purchase closing?
What documents do I sign?
Which ones prove that I now own the property?
And if a wire transfer is involved, does the fact that the title / escrow company has disbursed funds to seller [...]


Advice/suggestions for buying a second home?

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VerdeOjos asked: having already bought my first house two years ago (right before the market crashed or the bubble burst or whatever you want to say) i went through the whole lender experience and I know they are not completely truthful. I wasn’t the idiot that got into a subprime mortgage loan or anything, [...]


what is the ohio law concerning useage of property belived to be owners but actually it belongs to neighbors?

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yack asked: my real estate law is long forgotten. However I know there is a law that stipulates that if a property owner unknowingly uses adjacent property belived to be his it does become that persons property after a number of years.Buffalo Grove property


What are the hurdles to real estate ownership in Italy?

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hold_co asked: I am considering purchasing real estate in Italy as a second, holiday home. I would like any information on the potential pitfalls. Also, can someone advise as to the tax implications as a U.S. resident (i.e., can I take advantage of the mortgage interest deduction)?
Thanks.Orlando Florida Private Investigator


What is the average home price in the USA; and what is the minimum income necessary?

Published on March 19, 2009

towwwdothello asked: to afford the ‘American Dream’; owning your own house, etc., on one salary?
What options have been made available for individual ownership, based on individual earning capabilities?Missoula mt Commercial Real estate


What steps do I need to take to own my first house?

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jorgie95961 asked: Thinking of purchasing a home. Looking to buy a fixer that is structurally sound ,( foundation, roof etc.) I am single so I plan to live in a part of the house while i fix the rest. This would be my first purchase but I have no clue about what to look [...]


My Roof Is Leaking After ownership of One Year?

Published on March 17, 2009

Clean H asked: I purchased my home in 2007. My roof is now leaking and which passed inspection. Who is responsible if I have only been in the house a year?Buffalo Grove homes


How hard is it to evict tenant buyers that have a option to buy a property and default on the monthly rent?

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Jron asked: I am a real estate investor and I was looking into getting a property under contract and setting up a lease option with a tenant buyer. Is it true that if the tenant buyer, fails to make the monthly payment, that I would not be able to evict them and I (Or the [...]


How do I prove sole ownership of a pet against a roommate’s ownership claim?

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goodbyebridge asked: I live with my boyfriend and his sister. She brought a cat home. She is never home to care for the cat, but we are and we love doing it. We buy his food and litter 98% of the time, but i usually throw out my receipts. She paid for his vaccinations, but [...]


property statue of limitations in New Hampshire?

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foursymbols75 asked: what is the statue of limitations for property/real estate issues in New Hampshire:
Issues that were supposed to be resolved at our closing of the purchase of our house, seemed to be resolved at that time. However, several of these issues have re-emerged (apprx. 8 mos. later): they were not fixed correctly. I was [...]


What does the tax assessed value have to do with the actual value of a property?

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Austin S asked: I am looking to invest in real estate. This would be my first ever purchase of a property for such reason. I have been told to always look at the assessed value of a property before buying to see if the property is priced well or not. How does this value compare [...]


Will foreign ownership force out the homegrown owners in the premier league?

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andy bitches asked: I support Middlesbrough and our chairman is a home grown heroe who saved us from liquidation and has seen us become a top flight constant in a small town. With so much foreign investment coming in the premier league how long can small clubs and home grown chairmans last before being [...]


Looking to buy a house and could use some help with estimating montly costs?

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Amie O asked: I was wondering if you all could help me with estimating some monthly costs that comes with home ownership. I am looking to buy a 2 bedroom 2 bath home in the Baltimore, MD area and was wondering how much Electric, Gas, and Water bills are? ALso cable, phone and [...]


Is an economy that generates growth while leaving most families behind a broken economy?

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Incarcerated Bert asked: Despite years of growth before the recent downturn, the real income of middle-class working-age families fell $2,000. Poverty rose. The share of the population without health coverage went up. For the first time in years, the rate of home ownership declined.
Is the new GOP mantra “You are on your own, we are [...]


what credit score you need to be approved for an American Express Platinum card?

Published on March 16, 2009

Luis R asked: will home ownership help to a positive decision?Sacramento office space


real estate?

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SonuB asked: please explain to me what an escrow is? what do u mean by middle men? who are they exactly? a bank representative?
what else should i know, before i buy a house?Vancouver WA Real Estate


Tell me Danville Real Estate Agent, CA?

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Kathleen P asked: Hi,
Could you please tell me Real Estate Agent in Danville, CA, I need to buy a Real Estate in Danville, CA.
Need the experience agent or agency.Truck Chrome


How do you make money in real estate without flipping?

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Rachel T. asked: I’m new at this…but it just seems so impossible to make any money in real estate. You have to pay for loan of the down payment, the property tax, insurance and mortgage……renting it out is not enough to cover the entire cost of all these components. The only way I can see [...]


buy real estate and forclosed homes to flip them?

Published on March 14, 2009

raymond131ll asked: me and my dad are thinking about flipping foreclosed homes. I went to the courthouse looked up the houses found abour 50 of them or so. i went to a few there are still people living in them and there are no signs up i looked up the ones that were posted within [...]


Looking to buy an apartment in Boston. How does the ongoing real estate crisis affect what I should do?

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mcslain asked: Will interest rates go down soon? Does this crisis mean it is a good time to buy? Would waiting longer to buy be a good idea to see if rates & prices go down?Boston homes for sale


Re $500k exemption on sale of home, does period of occupancy after sale count toward 2 yr. “use” requirement?

Published on March 13, 2009

DJ asked: My wife and I have owned our home for well over 2 of the past 5 years. At the time of the upcoming close of escrow (we have agreed to sell the property), we will have lived in it for just a shade more than the past two years. (We are [...]


Real estate investment information?

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The Big Man asked: I’m 20 years old and I’m looking for sources of information for buying real estate properties and renting them out. I’ve read many books and purchased many programs on the subject, but am looking for the complete deal. With subjects such as insurance, property management companies, loans, etc… I need a [...]


Does my sister have a right to the home?

Published on March 12, 2009

sunshine asked: I have a house that my sister and I are on title. She has not made a mortgage or tax payment for the length of ownership. My name is on the loan alone. Now she is claiming that it is her house because her name is on title. Does [...]


When do people usually settle on the house they’re selling and the house they’re buying?

Published on March 11, 2009

Y? asked: Next year, we are planning on selling a condo and buying a house. We can’t move our things into the new house until we settle, but we don’t want to pay two mortgages. Also, the house is owned by a relative, so there may be some leeway as to when we can move [...]


How to protect my parents from Real Estate Dissaster?

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dflkjaw n asked: My mother is planning on buying real estate with my grandmother and aunt. All three provides capital for down payment, grandmother provides the loan, and my aunt and grandmother live in it since the’ve only lived in apartments for the longest time.
This time they think they will just pick up a [...]


Where can you find information on the property taxes of a certain neighborhood?

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marguarita asked: For example, if i see a listing on your real estate website how can i find out how much the yearly property tax would be for that particular home?merchant cash advance


Is it possible to purchase investment property with no money down?

Published on March 10, 2009

kerry f asked: I have recently moved and was a victum to an adj rate mortgage. Now I am renting for the first time in 14 yrs. My family has agreed to purchase a home for myself with it in their name. We have been checking and for them to purchase the home it is [...]


Is there a conspiracy at the highest levels to get Obama elected?

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Matthew R asked: Lurking behind the scenes of the American taxpayer, is a force of elitists hellbent on changing the course of history: a conspiracy to elect a President.
A bad economy is bad news for Mccain and Republicans.
In 2004 this elitist group met behind closed doors. They decided that the only way to [...]


What would be good conditions when looking for an investment property?

Published on March 9, 2009

Brian G asked: I want to start off with a four unit apartment building and use that as leverage to attain more properties. What statistics should I look for that will shoot out a red flag of interest to make them the most appealing, cap rate, operating expenses, taxes, etc…? I want to [...]


Is it possible to buy an organic, hobby farm in Texas without going through a real estate agent?

Published on March 7, 2009

Gogo asked: I am a Health Coach, interested in teaching young people the benefits of eating, growing and preserving organically grown food. Since my organisation is non-profit and still in infancy stage, I can’t afford agents’ commission, or profiteer’s prices. Someone out there knows who I can contact.Simi Valley Real Estate


I’m interested in purchasing a home and was wondering what programs exist for a first time home buyer?

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runninggirl1979 asked: …i dont have much money to work with but would like something small and in a descent neighborhood. i already pay 1700 a month in rent and think i could get a comparable mortgage. I live in staten island, new york. Im very middle income and feel that home ownership [...]


Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans?

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mission_viejo_california asked: Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans? I believe you are responsible for your own choices and you should pay the price for your decisions
Last Friday the U.S. Federal Reserve cut the rate at which it makes direct loans to [...]


My company is in Oklahoma, we want to advertise real estate we are selling in California. what works in Cali ?

Published on March 6, 2009

Todd H asked: We sell real estate all over the country and we have lots of property in California. What’s the best way to advertise in California? We want to try and get away from traditional signage.Carmel Valley Real Estate


what percentage of homes will the gov’t own or be ownership with the buyers by 2009?

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Durbs asked: with the house pushing a new bill making the gov’t partial owners, plus the fannie may being pushed up to 600k, and the denial of loans even though people qualify for them, what percentage of homes will the gov’t own by 2009?Chicago Real Estate


How does rental property affect your income to debt ratio?

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Jessica C asked: We have made an offer on a new house. We are considering turning our current house into a rental property and are extremely confident it would rent quickly.
I guess my real question is this: will the rental income “wash out” the debt owed on the house, or when [...]


How do I initiate a divorce in Alameda County & should I change title of ownership of my house?

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muneka3615 asked: I’m looking into divorcing my husband but don’t know where to start. Are there any resources that can give you advise on the do’s and dont’s so that I don’t get screwed in the process?
Before our marriage I bought a house under my name only, in California how can I avoid it [...]


Do you think real estate investment in Vietnam is a good choice?

Published on March 5, 2009

adward asked: I’m vietnamese and living in korea. My best friend advised me to invest the money to real estate in VungTau and BinhDuong because he has good relationship with the government people there. He know where should I need to buy.
I don’t think it’s a bad idea. Anyway, I want to know the risk [...]


My husband’s name is on the home loan but both our names are on the title. Is this possible?

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Mo36 asked: I need to find out if I have any ownership of the home even though my name is not on the loan.Huntsville homes for sale


How is the real estate market in Naples?

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Danuta asked: My husband and I are from Toronto, and are interested in purchasing a townhouse in Naples as a family vacation home and rental property. The townhouse is new and is being sold by the builder. How is the real estate market in Naples? Is it less affected by the sub prime problems? Have [...]


How can my company buy a rental property?

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rykookyr asked: I want to diversify my business (it is no way related to real estate at all). I am looking at the possibility of buying a rental property or possibly a vacation rental property (i.e. a condo at a ski resort or something along that line). Which mortgage companies specialize in this? [...]


Brokers License for Real Estate investor?

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dodhelp asked: I called a real estate lawyer to review contracts because I wanted to be a real estate investor, but he said I needed a brokers License to buy and sell real estate, get properties under contract, assign them and lease options. So he pretty much crushed my dream, Im not sure what to [...]


What real estate websites can I submit my link to?

Published on March 4, 2009

goa_g_u_y asked: Do you know of any websites that have decent traffic where I can submit my link to it so that I can get some traffic of people who are looking to buy a residential home from the owner (i.e. I’m not a real estate agent)?
There MUST be something that gets alot of views [...]


what can you sue an s corporation for if they have no real assets such as property or equipment?

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jack b asked: this question portains to the fact that i own a s corp . it is a small auto shop . 2 employees total . in the state in which i live you dont have to have workers comp insurance unless you have more that 3 employees. last week one of my emplyees [...]


What is the process in writing an offer for a commercial property?

Published on March 3, 2009

tzimi asked: I am a residential realtor. I have a client that wants to purchase a $8 million property that is listed by another broker. Do I send the listing broker a “Letter of Intent” or a commercial contract to sign? When a letter of intent is signed by the seller and [...]


Are there any options to avoid capitol gains taxes on a rental without having to reinvest in more real estate?

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Rachael F asked: I moved to a new state and have two house in my former state, a primary residence and a duplex. I’ve already purchased a new home via an 80/20 mortgage. I would love to use the proceeds from the sale of my old houses to (a) pay off the 20% [...]


How to invest in real estate with no money down?

Published on March 2, 2009

mommad asked: I am looking to get a little more infomation on investing in real estate. I have talked to people who buy houses with no money down and end up getting cash at closing? Is it legall ? Are there websites to get solid concrete advise? I want to verify everything these people [...]


What product or service should I sell my future real estate clients to gain their trust & be their agent?

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Real-Estate-Agent asked: As a new real estate agent: I want to sell a low cost product or service to my real estate prospects (ordinary people). So these prospects can be happy with my product and service. I will gain their trust and they will like doing business with me. So I can build a business [...]