Gina Chirico

Phyllis,


This is a real estate question and answer forum. I would strongly suggest that you contact the school directly to inquire as to tuition costs, etc. Their telephone number is (856) 697-3456.

Good luck.

Gina Chirico, Sales Associate
Prudential New Jersey Properties
973-715-1158 cell
973-992-6363 ext 116
GinaChirico@PruNewJersey.com - Mon Nov 17 2008, 03:09

Ronnesha,

You posted your question in Livingston, NJ. Try reposting in Livingston, Texas and I'm sure someone will be able to answer your question.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158
973-992-6363 ext 116
GinaChirico@PruNewJersey.com - Sat Nov 15 2008, 08:03

R,

Referencing Jeff, this is not a short sale because you will bring money to the closing table and you do not have to notify the bank as long as you are putting in the difference. However that leads me to my next question, I understand that you have equity in your second home but have you spoken to anyone about cashing out the equity? Unless you already have an open line of credit of some sort that it wouldn't matter, I certainly would not wait until the last minute.

Getting back to your original question...it's not a short sale, you do not need permission and yes, you will have to cover the difference.

Good luck.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158 cell
973-992-6363 ext 116
GinaChirico@PruNewJersey.com - Wed Nov 12 2008, 13:50

Cissy,

Please clarify which school in Newark you are speaking of and perhaps someone may be able to help you.

Thanks.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158 cell
973-992-6363 ext 116
GinaChirico@PruNewJersey.com - Tue Nov 11 2008, 18:45

Debbie,

In Booton Town, the current rentals for a 1 bedroom apartment in the $800's up to around $1500 for a 3 bedroom. Things to consider when buying an investment property is if the rental income is enough to cover your costs. Are the utilities separate and paid by the tenants or by the owner? Are you looking to buy a property that is already occupied by tenants and if so, are they covered under a lease and if yes, is that amount still sufficient to carry the cost of the mortgage. I'm not certain about Boonton but I can tell you that in Caldwell, even if the tenant is on a month to month, if the owner did not occupy the property, you as the new owner cannot give the standard 30 days notice to vacate but must proceed to evict in a different manner. You should call the town or go to the town in person to verify this type of information directly.

Your agent should be able to provide you with the rent and expenses and security deposits, if applicable for homes that are occupied. Again, if unoccupied, you can pretty much estimate the rent roll and expenses (especially if the tenants are responsible for their own utilities).

If the units are not rented, I stress again to make sure the final numbers at the end of the day determine that its worth the investment.

Good luck and if you are in need of a buyer's agent, feel free to contact me directly.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158 cell
973-992-6363 ext 116
GinaChirico@PruNewJersey.com - Mon Nov 10 2008, 16:30