Anyone that gives you advice without viewing the property should be disregarded. I would be happy to view the property and discuss renting/management of the property going forward.
It's really a whole package consideration when an offer comes in. As a buyer, you would be financially better off with 20% down, no mortgage insurance and a stronger equity position. However this may limit the options available to you in your next home. If you find a home that you love, plan to be in for at least 3-5 years or more and can afford with conventional financing, you may be better off in the long run.
Now, to confuse things a bit you do have other options. Conventional financing with 5% or more down exists in many markets and the Mortgage Insurance is less expensive than FHA and will go away when you have enough equity.
Discuss your full situation with your lender. They have all your facts, will better know your market and your goals. Our answers here are subject to our limited understanding of your situation. Best of luck.... more
As of last year we ALL are called Brokers, per rule changes. Before a Broker had, in theory, more background/education/experience than agents, but that was not really true which is why they changed it. They are basicly the same. Find one that has been in business longer than shorter and preferably been in business before all the 'bubble' BS that started in 2002ish.... more
It's a great place but always get an inspection done and make sure the inspector reviews the common elements of the building. The reserves are also a good indicator of possible future increase in assessments due to lack of maintenance. Good luck!... more
Visit, interview and watch. Visit some offices and meet with some brokers. See what they have to offer and see how you might fit in. Each office will lure you with a different package of benefits. Figure out what you need most, training, leads, commission splits, etc and try to get a sense of who provides the best package for you. Don't be lured with a high split, but minimal supervision or training as a new agent. You can't spend 100% of $0.00. On the other hand, if the office requires thousands of dollars in training expenses just to start and has you in a classroom all the time, you won't make any money either.
There is no Perfect place for everyone, find your best fit based on your needs.... more
I know the Aqua building (I think it's 225 N Columbus), has charging stations in it's garage for residents. They do condo sales and rental in that building. I know of a few other rental high rises that have charging as well, but I am sure there are a few (but only a few) other condo buildings that have it in place.
What most have to do, is work with the condo board and come up with an install cost and a surcharge (usually since the wiring has to be hooked to the building meter, not yours). It can be a bit expensive and difficult to get done, but I know many that have done it. Myself, it cost me about $2,500 to wire up high amperage charging in my condo building, and they were able to get it on my own meter.
If you find any other buildings in you inquiry, I would love to hear about it. I am committed to green tech in my real estate business, and want to continue to learn as much as I can to provide for my clients needs.... more
Not impossible. You might have to put up an extra security deposit or pre-pay a couple months rent to make the landlord feel comfortable. Be upfront with the landlord about it though and explain your situation instead of him finding out by pulling your credit... more
I ran an office for five years. Get a quote from the following. Remember your premium is going to be based on your volume so do not over estimate next years commissions. For instance if set your realistic goal. If it is 40 Million than it is 40 million. Also remember you can initially set it up at let's say 20 Million and let's say you hit that goal by June you can increase your policy at that time with no problem.... more
I think you should buy a house because what it adds to ones lifestyle, stability, being part of a community. Buying a house with economic upside is what got us in trouble. People started using their equity to buy cars, pay for college and the market dropped and people were under water. My opinion is don't buy a house strictly for investment... more
The first thing you need to do is contact a professional that can assist you with the searching process. This will save you a LOT of time and headache searching for properties. They will be able to let you know what is available in your price range and in those areas.... more