Belmont : Advice

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USMortgageRa…, Real Estate Pro in Austin, TX
USMortgageRanger answered:
Home loan after a few months of unemployment
Hi Ma2fam,

Yes you can qualify for a home with being unemployed for a relatively short period. As for your rental property the Lender will used 75% of the gross and also look at your ... more
0 votes Share Flag Sun Jan 25, 2015 Financing in Belmont
Jaloos, Home Buyer in Cambridge, MA
Jaloos asked:
What is the monthly rental rate for 3.5 bd/2 bath apartment in Belmont in the Payson Park area? 2nd/3rd floor of 2 family, ~ 1900 square feet, 2 parking spaces tandem
rear heated porch on second floor, master with walk in closet, in unit washer/dryer on 3rd floor.
0 votes Share Flag Fri Jul 25, 2014 Rentals in 02478
Jordan Staig…, Real Estate Pro in Newton, MA
Jordan Staiger answered:
When pricing a condo, what value does access to a yard give to the property?
Having a yard does not directly correlate to a higher price per square foot because it is not included in the total square footage of the property. Having a private yard can increase t ... more
0 votes Share Flag Sun Jul 13, 2014 Home Buying in Belmont
Stephen Fitz…, Real Estate Pro in Portland, OR
Stephen FitzMaurice, Realtor answered:
How many people use their garage for parking or storage? or both?
In the Portland area I would say less than 50% of clients use their garages for their cars!
1 vote Share Flag Tue Jun 17, 2014 Home Ownership in 02478
Mark Carey, Real Estate Pro in Belmont, MA
Mark Carey answered:
When would be the best time for traveling to find a place (rental) in Belmont if I want to move in the end of June?
MIOOK23 - I have two rental listings in Belmont that are 1+bedroom apartments. One is available now (June) and the other is available for a July 1 lease start. Please contact me if you ... more
0 votes Share Flag Tue Jun 3, 2014 Rentals in Belmont
Bill Niland, Real Estate Pro in Waltham, MA
Bill Niland answered:
Only verifiable income is soc. security. 401k and cash assets are triple loan amt.. Which lenders offer "no income verification" loans in MA
At Washington Trust we offer asset depletion loans which will allow you to treat your assets as income. You can contact me at wcniland@washtrust.com. Bill Niland
0 votes Share Flag Tue May 13, 2014 Home Buying in 02478
Arlene Ktona, Real Estate Pro in Belmont, MA
Arlene Ktona answered:
Are Belmont properties overpriced?
Belmont is very desirable place to live. Relatively small town close to Boston, with a highly regarded school system. Belmont has very good resale value.
1 vote Share Flag Thu Jan 30, 2014 Home Buying in 02478
Kevin Sheehan, Real Estate Pro in Belmont, MA
Kevin Sheehan answered:
How much does it cost to convert attic space?
Quality of the finishes you choose will also drive your budget. Make sure to spend in proportion to what the property can sell for later with the addition. Sometimes--of course--an owne ... more
0 votes Share Flag Thu Jan 30, 2014 Home Buying in 02478
Kevin Sheehan, Real Estate Pro in Belmont, MA
Kevin Sheehan answered:
Is anyone aware of a foreclosed home in Belmont area that is available for a 4-6 week rental??
Try AirBNB.com. There are usually terrific short term rentals in Belmont there!
0 votes Share Flag Wed Jan 29, 2014 Foreclosure in Belmont
Kevin Sheehan, Real Estate Pro in Belmont, MA
Kevin Sheehan answered:
I'm selling my condo, but will need a 6d. I'm in a 2 unit condo and we don't have a formal condo association. How do I create a 6d?
Any of the other owners who are trustees can sign the 6D. Your real estate attorney should have a blank form. Make sure you provide the closing attorney an original with an original sig ... more
0 votes Share Flag Wed Jan 29, 2014 Home Selling in Belmont
Greg Bleyl, Real Estate Pro in Cleveland, OH
Greg Bleyl answered:
Types of financing for expensive multi-family (owner occupied)
We offer portfolio jumbo loans for multi family property.

Greg Bleyl
216-496-0211
greg.bleyl@charteronebank.com
NMLS 117969
1 vote Share Flag Tue Aug 20, 2013 Financing in 02478
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
Can I possibly get my deposit back?
If the mortgage contingency expired prior to your loan application getting rejected from the bank or prior to you or your attorney formally exercising the mortgage contingency your depo ... more
0 votes Share Flag Tue Jul 9, 2013 Home Buying in 02478
Bill Scott, Real Estate Pro in Cambridge, MA
Bill Scott answered:
I own a 2 family in Belmont are you selling these type of homes subject to 1-3 year leases? What is the CAP rate for such properties?
I am looking to buy 2 family in Belmont for myself. Pls call me at (617)595-1917 or email me at suelai0408@gmail.com. Thanks, Sue
0 votes Share Flag Sat Mar 30, 2013 Market Conditions in 02478
Mikel Defran…, Real Estate Pro in Milton, MA
Mikel Defrancesco answered:
Can you convert a two-family into a three-family in Belmont, MA?
MA -

Go see your local building and zoning dept.... you will find them very helpful. With the proper approvals ( or variance if needed ) in hand and making the building safe and co ... more
0 votes Share Flag Sun Dec 25, 2011 Remodel & Renovate in 02478
United Inspe…, Real Estate Pro in Framingham, MA
United Inspection answered:
How common is termite damage in Belmont? What counts as extensive damage?
Termites are common in areas with excessive moisture and close ground contact. Of course there are several other conducive conditions that may be attractive to the wood destroying inse ... more
0 votes Share Flag Mon Apr 18, 2011 Home Buying in Belmont
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
We'd like to buy the 2nd unit of our converted 2-family condo. Can we finance without putting 20% down commonly required for rental purchases?
All these answers are very interesting. As an exclusive buyer broker these unique scenarios arise all the time and this info was insightful.
0 votes Share Flag Wed Mar 23, 2011 Home Buying in Belmont
Louis Wolfson, Real Estate Pro in 02030
Louis Wolfson answered:
I am looking for a ballpark estimate to install heating system; foced-water. Water lines are in place
Just installed the top of the line Buderus 5 section boiler with a superstore 60 gallons. Total cost was 5750 less the energy credit from nstar. Not sure on the baseboard cost as it ... more
0 votes Share Flag Tue Mar 22, 2011 Home Buying in 02478
Voices Member,  in
Voices Member answered:
FHA refinancing for 2-unit condo
2 units are fine. I just had a 4-unit condominium project approved in Belmont and know the process. It took 5 weeks from submission to FHA, not counting the time to assimilate the doc ... more
0 votes Share Flag Thu Dec 30, 2010 Financing in 02478
MDM REALTY H…, Real Estate Pro in 01701
MDM REALTY Heidi Zizza answered:
I'm 1 owner in a 2 unit condo that was converted into a condo when we purchased in 2006. Now that I"m selling, where can I find the condo
In a 2 unit building they probably only have the Master Deed. Go to Masslandrecords.com and you can look it up by the address.
1 vote Share Flag Tue Mar 9, 2010 Home Selling in Belmont
Scott A. Nel…, Real Estate Pro in 02155
Scott A. Nelson answered:
How much is a parking space in Belmont, MA worth?
Alot would depend on anothers need & it's location and ability to fullfill that need. Why would a person need your spot X where it is when spot Y may be free? Unless parking is at a pre ... more
0 votes Share Flag Tue Jun 30, 2009 Home Buying in Belmont
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