Home Buying in 92648 : Real Estate Advice

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John Burke, Real Estate Pro in Austin, TX
John Burke answered:
I purchased with my spouse a house in 1997 in LB for $224K. We made $126K of improvement since we purchased the house.
Hi Frenchx2,

If you lived in the home for 2 out of the last 5 years you may be able to exclude up to $500,00 of your gain if you file jointly with your spouse.

https://www.irs.gov ... more
0 votes Share Flag Mon Apr 18, 2016 Home Buying in 92648
Null,  in Illiopolis, IL
Null asked:
how can I delete my rental? I need to delete my rental because it is rented - how do I do it? I tried to follow the directions - to click on my profile pic but it doesn't let me do that so I can access my listings.
0 votes Share Flag Wed Feb 24, 2016 Home Buying in 92648
Richard Litt…, Real Estate Pro in Orange, CA
Richard Littlefield answered:
Can I operate a senior group home in R1 zoning/?
You have to check with the city, as they all define their own definitions of these zonings.
0 votes Share Flag Mon Aug 10, 2015 Home Buying in 92648
Karen McEniry, Real Estate Pro in Huntington Beach, CA
Karen McEniry answered:
I'm currently trying to sell an income property in which I'm also an owner occupant . I want to take some of the proceeds and use it to buy
Hi Bill,
I also endorse John Davis as an excellent resource, as recommended by some of the other responses you received. As another option, if you are not able to get approved for a ... more
0 votes Share Flag Sun Feb 22, 2015 Home Buying in 92648
Nicole Fedor…, Real Estate Pro in Santa Ana, CA
Nicole Fedorchek answered:
I want to purchase a residential vacant lot. No home or structure on lot.
Hi, Mason!
Its not a matter of the seller getting their money at closing, its a matter of whether or not you will be ABLE to close!
Vacant lots are hard to loan on, as there is no h ... more
0 votes Share Flag Tue Feb 10, 2015 Home Buying in 92648
Cheryl Colem…, Real Estate Pro in Huntington Beach, CA
Cheryl Coleman answered:
Just a follow up... I'm a little disappointed when my building was for sale I was checking out a Downtown HB house to purchase and I based my
Hi Bill,

Are you currently working with an agent or on your own? Your agent should know these things and should be showing you property every day until you find and excange property. ... more
0 votes Share Flag Mon Aug 11, 2014 Home Buying in 92648
Don Maclary, Real Estate Pro in Virginia Beach, VA
Don Maclary answered:
Does it make sense to buy a mobile home on some land even tho I know they don't have good resale value?
If it is where you want to live and the land is able to hold a future home when you can afford to build, Go for it.
1 vote Share Flag Fri Jan 10, 2014 Home Buying in 92648
Rich Littlef…,  in Huntington Beach, CA
Rich Littlefield answered:
what is the current mortage rate on a triplex, fourplex?
If this is owner Occ then my rate on this today is 4.99% with 1 point cost. 5.21 APR

If it is an inverstor home I need 25% down and the rate today is 5.375% and 1 point 5.47APR

I ... more
0 votes Share Flag Tue Sep 29, 2009 Home Buying in 92648
Emily Knell, Real Estate Pro in Huntington Beach, CA
Emily Knell answered:
I am wondering if there is a seperate listing service for homes in which the owner will finance in a
It sounds like you have a Realtor that you trust already to list your income property after your trip to Asia. If you can, email me the property address before it hits the market, I ha ... more
0 votes Share Flag Wed Jul 29, 2009 Home Buying in 92648
Rich Littlef…,  in Huntington Beach, CA
Rich Littlefield answered:
Why does the cost of owning exceed the cost of renting by 2 to 3 times?
Yes this is an old question, because it is no longer true. With the prices where they are and the rates as low as they are it is less expensive for most people to buy a home. The catch ... more
0 votes Share Flag Tue Jun 16, 2009 Home Buying in 92648
Sky Minor,  in Los Angeles, CA
Sky Minor answered:
My offer was accepted on a REO property. Can the bank back out of the offer?
Positively, at any time. The bank is not a non-profit organization and they are going to protect their own interests to a fault. I have seen counter offers from banks that are simply lu ... more
0 votes Share Flag Fri Aug 15, 2008 Home Buying in 92648
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