Archive for the 'Renting & Real Estate' Category



Mexican real estate?

Published on April 9, 2009

avaheli asked: I am interested in buying some real estate in Mexico and I have a couple questions:
1. Does anyone think that Hurricane Dean will affect real estate values on the Mayan Riviera?
2. Is the 99 year lease issued to foreigners who want land usage in Mexico fairly secure or are there issues about eminent [...]


Home loan with very poor credit?

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P Y asked: Both my spouse and I have worked over 2 years in our current positions and make a good salary. We have to opportunity to get a home for 200,000 in an area of San Diego, Ca where the homes are valued at 300-400 (yes this one needs a little work [...]


I need to know what the property sales taxes are in the borough Queens, New York. Any resources?

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Miss Dee asked: I’ve been told that the percentage on property sales tax varies depending on the selling price of the property. I’m doing my homework before considering investing into real estate. Is there some sort of online database with simplified terms (since I’m not in the real estate industry) that can pinpoint [...]


Do a real estate consultant has to have a license?

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howaboutit99@sbcglobal.net asked: One that don’t sell or buy,he help people in the community that iare not knowlegbal of real estateSacramento office space


What steps do I take to conduct MY OWN title search for a property I am interested in buying?

Published on April 8, 2009

LADIRE asked: I live in NC. I am looking into buying a forclosed property. I intend on paying a professional (real estate attorney) to search title prior to making any purchase. But I wanted to know if I can search for titles on my own while I am trying to find the [...]


When will the real estate market crash and cause the next great depression from all the dangerous loans made?

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Davetrader asked: If the stock market crashed in 1929 because people were buying stocks on 10 to 1 margin, then according to what I saw in the last 3 years, 40% of the people had no ‘right’ to buy any houses with putting basically NO MONEY DOWN. When real estate down ticks and people [...]


Does anyone know a good program I can buy to teach me how to make money in real estate?

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mine asked: Is there a program like Carlton sheets that can actually teach me how to purchase houses and then resell for a
profit? I’ve heard his program isn’t very good.Paper Shredding


I’m helping a friend buy a home. I’m a real estate agent?

Published on April 7, 2009

Chacie asked: He met up with an old high school friend who showed him a home even though my friend said he already had a real estate agent. He wants to buy it but the other real estate agent now wants half of the commission. What’s the rule on this?keyless remote


Is a real estate agent entitled to a fee even though the house did not close?

Published on April 6, 2009

Claude T asked: I was buying a house when I got transferred. The builder agreed to keep my deposit of $21,000. In addition, I got a bill from my real estate agent for $12,000. She says, even though the house did not close, she was my representative and is entitiled to the fee for [...]


Is it worth it to buy a house? Or is renting the way to go?

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T boog asked: I want to own a home so bad!! I hear people talk about how great it is to own a home I also hear others say it is good to just pay rent and let mgmt companies take care of the home ownership woes. what do you think [...]


Why does my real estate agent want a Proof of Funds Letter?

Published on April 5, 2009

Katie M asked: My real-estate agent (whom also is representing the seller on this particular property) is asking us for a Proof Of Funds letter. Is this unusual? Why should we let the representative of the seller know how much money we have in the bank, as I think that would impact our [...]


What is the $7500 home buyer tax credit program?

Published on April 3, 2009

Vic asked: I am looking at buying a house and have read quite a bit into this federal housing tax credit program, including on the website federalhousingtaxcredit.com, but I still don’t quite understand what a tax “credit” is…probably because I’m not too savvy on taxes and I don’t pay in at the end of the [...]


Can I sell properties from outside the US in California without a real estate license?

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moneyman asked: I am planning to sell real estate from other countries in Asia to customers in california. Do I need to have a california real estate license?
Also, can i open a office in california and hire sales people here who do not have real estate licenses.
If not real estate license. Do you need [...]


Why You’ll Never Own a Home?

Published on April 1, 2009

dreamkaztle asked: Well I just read an article on Msn about home ownership. I have worked on getting a home since I was 21. Now being much older I have never dropped that dream. My dream has become more realistic, but nonetheless I had belief I would own a home sometime [...]


What are the costs associated with owning a home in Florida?

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Tanai asked: When I contacted a seller in Naples, the reason to sell was insurance costs. The sellers mentioned insurance costs, if you could even obtain a policy, were about the same as a monthly mortgage payment (P&I). Along with taxes, HOA fees, the monthly amount going to equity out of the total monthly payments [...]


Any info on Tanner Bryce Co re: real estate offer to buy homes?

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debleelar asked: Does anyone know anything about Tanner Bryce Co and their unsolicited offers to buy homes? Is this some kind of scam?Thermage


We are thinking of buying a home?

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Brett asked: My wife and I are considering home ownership. We are sick of throwing money away on rent and living on someone else’s terms.
This would be our first home, we are both fairly young (I’m 25 and she is 21) and I am wondering if financially we can do this.
We make about $46,000 [...]


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

Published on March 29, 2009

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 [...]


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 [...]


Can you feel at home in a rental house?

Published on March 25, 2009

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 [...]


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

Published on March 19, 2009

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 [...]


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

Published on March 17, 2009

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 [...]


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 [...]


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 [...]


Tell me Danville Real Estate Agent, CA?

Published on March 16, 2009

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 [...]


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

Published on March 14, 2009

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


Real estate investment information?

Published on March 13, 2009

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 [...]


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 [...]


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 [...]


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 [...]


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

Published on March 5, 2009

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 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 [...]


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 [...]


Am I liable to pay tax for rental income on my house even if I am not making any money out of it?

Published on March 1, 2009

AC asked: The house in under my name but somebody is paying the mortgage and getting the rental income.. Since the house was bought I did not claim any tax deductibles for home ownership.merchant cash advance


Question for real-estate smarties: I am looking into buying a small vacation?

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Mei asked: cabin located bout an hour from where i live.
I dont want to actually live there, but I want to use it like every weekend and maybe some weekdays. –kind of like a weekend getaway.
Currently i live on campus housing (year round) cause im in full-time school (i workalso )
.
My question is –is [...]


What doews it mean when it says “real estate Owned”?

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B asked: Does it mean that the real estate office sells it for the price it has on there. I found a house in california and its for sale at $11436. And it also says real estate owned. Does that mean I buy the house from the real estate at $11436. [...]


Want to buy parents house, how to cancel real estate agent contract?

Published on February 28, 2009

ak98gtguy1984 asked: My parents listed their home for sale about a week before i found out that I qualify to buy their house. Im not represented by a agent nor have i signed anything with anyone. My questions is can my parents cancel their contract with the agent? Im sure it was a 6 month [...]


what site can I view properties with out having to sign up for real estate contacting?

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Elizabeth B asked: I am looking to view and vitual tour properties in the coastal areas of texas but I want to do that with out having to sign up for a real estate contact or contract. Are there any sites online that allow you to view the properties ,sizes,and cost with out the help [...]