Posts Tagged ‘Mortgage’
Tuesday, December 30th, 2008
P. D. asked: What does it take to qualify to buy investment property? At a discounted rate (because of the times). What kind of credit/assets/day job income/present mortgage does the bank look for? Will my main home be in trouble?
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Tags: Assets, Investment Property, Mortgage, Rental Property
Posted in Renting Real Estate | 7 Comments »
Wednesday, December 24th, 2008
kim m asked: I have always wanted to invest in real estate, and now I’m thinking about using my house as leverage to purchase another property. I don’t have a mortgage now, so I thought that if I could get a good rate, I could use the money to purchase another property.
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Tags: House Purchase, Leverage, Mortgage, Real Estate
Posted in Renting Real Estate | 11 Comments »
Wednesday, December 24th, 2008
xoxohthdotcom asked: Hello,
I’m interested in buying a 2 BR and renting out one or two of the bedrooms. I have 50K saved up but I don’t make any real income currently. However, I can easily get a job that makes 50K if I have to (but would rather not).
I would like to buy some real estate and just rent it out to pay for the place. Is this possible?
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Tags: Mortgage, Real Income, Rent, Renting
Posted in Renting Real Estate | 4 Comments »
Tuesday, December 23rd, 2008
freedom watch asked: Why would Obama choose someone like Franklin Raines to be an economic, one played a huge part in the mortgage crisis that we’re currently in, two, allegedly pushed false earnings report which could have indicated trouble a while ago, three, allegedly did so to earn huge bonuses. This is change we can believe in!
http://www.politicalcrossfire.com/forum/viewtopic.php?t=111465
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Tags: Earnings Report, Economic Plan, Franklin Raines, Mortgage
Posted in Politics | 4 Comments »
Wednesday, December 10th, 2008
treyprice04 asked: My wife and I are looking at putting an offer down on a house. To break our lease on our apartment it is about $2,500. Is it possible to get this to be included in the mortgage?
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Tags: Apartment Lease, Break Lease, Lease Apartment, Mortgage
Posted in Renting Real Estate | 1 Comment »
Saturday, November 22nd, 2008
mcmayonaise asked: I was several months behind on my mortgage. I am not sure of the foreclosure date, but I know that Welles Fargo sold my house out from under me on July 4th. Is there any way for me to keep my home? Will the Texas Homestead Act help me?
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Tags: Avoid Foreclosure, Homestead Protection, July 4th, Mortgage, Texas Foreclosure
Posted in Renting Real Estate | 2 Comments »
Wednesday, August 20th, 2008
ericfrompa asked: Market is too tough to sell it right now. There is a 1-year lease agreement on it. What’s the best way to handle this? Could a property manager be hired to collect rent and disburse it to both parties (50/50 split)? Would a prop mgr also be able to pay the mortgage from the rental income collected? Is this ever done? Thank you!
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Tags: Getting A Divorce, Lease Agreement, Mortgage, Rental Property
Posted in Renting Real Estate | 3 Comments »
Monday, June 2nd, 2008
Josh R asked: My wife still owns her townhome and just rents it out to a family friend for about what we pay on it each month. This is fine for the most part, except that it prevents us from buying a new house together, since she’s on the mortgage of her townhome still. How can we change the status of the property to rental? We’re in MN.
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Tags: Family Friend, Mortgage, Rental Property, Townhome, Townhouse Rental
Posted in Renting Real Estate | No Comments »
Saturday, February 9th, 2008
Dialo A asked: Due to the neigboring unit’s overflooding, my unit flooded causing major mildew damage. The property is inhabitable and the area has rundown. I do not want to pay mortgage every month for a property I can not sell and can not rent.
I need to find the best option to cut this problem without losing anymore money or taking a big credit hit. I don’t know whether to let it foreclose or pursue a deed in lieu of foreclosure because I can’t keep paying for a dead investment.
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Tags: Mildew Damage, Money, Mortgage, Options
Posted in Renting Real Estate | 5 Comments »
Tuesday, February 5th, 2008
albert asked: the bank has been sending nasty letters to them at this address,what ,if any are our rights in this matter?do we have any legal recourse ? they havent paid the mortgage in 3 months but we pay on time every month!
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Tags: Foreclosure, Landlords, Legal Recourse, Mortgage, Nasty Letters
Posted in Renting Real Estate | 3 Comments »
