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All Locations : Nationwide Real Estate Advice

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Activity 511,010
A few minutes ago
Eric answered:
Yes you can get a stated income loan in Georgia. In fact, they are available in many states now. I was able to finally find one recently using this resource for stated income lenders. http://www.dreamhomefinancing.com/StatedIncomeLoans.aspx ... more
0 votes 19 answers Share Flag
A few minutes ago
Cyril Jobs answered:
Personal experience and how i got to solve it with his help .....Bad credit?was it possible to buy a house with bad credit?This was the Question i keep asking myself for years before i finally came across someone who enlightened me.I didn't really get the trick of attaining minimum credit score to buy a house and getting away from bankruptcy,clearing credit card debts and buying a house which is precisely the situation I am in. I had to declare bankruptcy 3 years ago and am working to build back my credit, but it's a very slow process. I need to move for a job and therefore need to buy a new home.Y'all shouldn't pray for such of mess i'm into.The enlightenment by a friend who worked with a repair company taught me how to seek assistance from credit repair expert who knows exactly what your credit score needs and how to get collections removed,get credit card free of debts and and getting off bankruptcy.Get in touch with Hackmania_9 (outlook.com) for any hack jobs you so desire. ... more
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A few minutes ago
Mbautista2111 answered:
A few minutes ago
Mbautista2111 answered:
If you are selling in NYC, you will have lots of taxes (and closing costs to pay). Here are some of the biggest ones:

1. Commission - 6% (you can pay less if you sell FSBO)
2. NYC/NYS Transfer Taxes - 1.425% - 1.825%
3. Flip Tax from co-op, do you know if your building has one?

After closing costs, you will likely have to pay capital gains tax. You need to speak with an accountant on this matter, but this provides a pretty good general overview on capital gains taxes for NYC real estate: https://www.hauseit.com/nyc-real-estate-taxes/
... more
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A few minutes ago
Lazelljones asked:
A few minutes ago
Mabelli answered:
At about 60 I thought I needed to do something to create cash flow in my retirement. Turns out, even after spending thousands getting educated in Re investing, and buying rental properties, doing my due diligence, I still did not make money. One reason is, I started too late in life. Re investing takes years to learn by your failures until you hit it right. Some may get it right the first time, but not for me. I liquidated all Re and got into some different asset classes. ... more
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A few hours ago
Sarah Burnham answered:
Much depends on what you want from the investment. I also recommend that an investment have immediate cashflow. In other words, add up ALL the expenses and compare that to the rents. Include everything....common utilities, water, taxes, insurance, mortgage payments, maintenance, snow removal, etc. Make sure the budget includes amounts for long term items such as heating system, water heater, roof, etc. Also make sure to adequately account for vacancy and evictions (which are always a possibility, no matter how "good" an area is).

If the expenses are more than the rents, I do not recommend buying it since rental properties require a lot of energy, and working for free (or paying to work) take a toll on your moral.

Are you looking for easy rent collection and good tenants, or are you willing to work with less than perfect tenants who may have trouble paying rent? The "easier" the rental, the less cashflow the property probably has (if any). But the "harder" it is, the more likely you will need to be familiar with your state's eviction process, but once you get good at screening tenants, the investment can have awesome income.
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2 votes 1 answer Share Flag
A few hours ago
Terryplace asked:
A few hours ago
Tia Brennan answered:
I have a Reality fee an Security deposit in an Account with my landlords lawyers, Due too sale of house. In which I went too Realty Company they found me a Apt Housing is going too Inspect . If passes when does the Realty Company an Security fee get released ... more
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A few hours ago
Jgpesek asked:
A few hours ago
Laura.floyd1997 asked:
A few hours ago
Demetria Hall answered:
I have a section 8 voucher in Georgia looking for a 4 or 5 bedroom house for my family is there a way I can be assisted with some suggestions on trying to find a home
0 votes 12 answers Share Flag
A few hours ago
Kitnedoor2001 asked:
A few hours ago
Serge answered:
I had been considering moving to the Woodlands but the flooding now has me reconsidering. I wouldn't want to buy a home that has a history of being flooded or is in a former flood zone. Maybe I should consider buying a home in the Dallas area instead?

Serge
... more
0 votes 10 answers Share Flag
Earlier today
Richarrdx answered:
Do bank asist former home owner with the cost of removal after forclosure proceeding?
0 votes 91 answers Share Flag
Yesterday at 10:29pm
Jayme Mahan asked:
There are 3 people that are going to live there. I have a yorkshire terrier. I need a 2 bedroom and I make $1900 a month.
0 votes 0 Answers Share Flag
Yesterday at 9:56pm
Kathy Burgreen answered:
There is no law anywhere in the U.S. that prohibits realtors helping their buyer clients assist in pricing an offer. That is their job. What I suspect is your realtor is trying to protect his/her behind so if your offer is rejected, it's not your realtor's fault. What tricks these agents will pull so they don't look like the bad guy or better yet - protecting their rear ends.

What you CAN DO - if you want to stick with this agent, make sure you DEMAND that you look at ALL the sold listings in the neighborhood for similar homes + all homes under contract or pending + all active listed homes for sale. Make sure your agent gives you the property history for each home - even if it was sold. I know this takes some effort on your realtor's time but explain that if your realtor refuses to assist in pricing an offer, that you have the right to see all this paperwork.

Another option - speak with the Office Manager or Broker in Charge and have that person assign you to a different realtor. You are contracted with the brokerage - not the individual agent.
... more
0 votes 1 answer Share Flag
Yesterday at 9:33pm
Kenneth Ford asked:
Yesterday at 9:17pm
Rev Harold Bates Sr asked:
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