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All Locations : Nationwide Real Estate Advice

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  • Home Buying267K
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Activity 511,015
A few minutes ago
Susan Streisel answered:
I have excellent credit but very little to put down on a house. What options do I have?
0 votes 18 answers Share Flag
A few minutes ago
Cargopsu answered:
Call your local school district and STOP POSTING YOUR ADDRESSES ON THE INTERNET IF YOU HAVE CHILDREN!!!
0 votes 31 answers Share Flag
A few minutes ago
Lalalola7279 asked:
Seller's agent made it impossible to close by refusing to present addendum to seller for an extension and MLS showed contract was canceled 2 days before either party signed the release.
0 votes 0 Answers Share Flag
A few minutes ago
Uberwoman91 answered:
If you have a low credit score, renting would be difficult, but still possible.

First of all, you can co-sign your rental agreement, meaning another person will also be legally and financially responsible for the property. In this way you will give your landlord an extra reassurance that you will be a reliable tenant.

Good idea would be to make your landlord a custom offer, you can use this platform: https://rentberry.com/custom-offers. Some extra money can make your offer more attractive to landlord even notwithstanding a low credit score

As an option, you can offer higher security deposit, it will show the landlord you're financially stable. And you can also provide a positive reference from your previous landlord. Or, you can allow an automatic deduction from your bank account, in this way landlord will be certain he will be paid the full amount and on time.
... more
0 votes 3 answers Share Flag
A few minutes ago
Uberwoman91 answered:
If you have a low credit score, renting would be difficult, but still possible.

First of all, you can co-sign your rental agreement, meaning another person will also be legally and financially responsible for the property. In this way you will give your landlord an extra reassurance that you will be a reliable tenant.

Good idea would be to make your landlord a custom offer, you can use this platform: https://rentberry.com/custom-offers. Some extra money can make your offer more attractive to landlord even notwithstanding a low credit score

As an option, you can offer higher security deposit, it will show the landlord you're financially stable. And you can also provide a positive reference from your previous landlord. Or, you can allow an automatic deduction from your bank account, in this way landlord will be certain he will be paid the full amount and on time.
... more
0 votes 1 answer Share Flag
A few minutes ago
Adulinnyc asked:
A few minutes ago
Rita Kohms asked:
I'm trying to decide whether to stay with a half bath or go with a full bath depending on what the return on investment is likely to be in this market in SE Mesa. Many of the homes…
0 votes 0 Answers Share Flag
A few hours ago
Susie Kay answered:
It depends on when their contract expires. I would suggest that you discuss this with your realtor.
0 votes 2 answers Share Flag
A few hours ago
Susie Kay answered:
I would suggest that you pick up the phone and work with a local realtor to assist you.
0 votes 1 answer Share Flag
A few hours ago
Uberwoman91 answered:
Check out this link: https://rentberry.com/apartments/s/las-vegas-nv

Via Rentberry you can rent properties for the long term straight from homeowners through an interface, without any emails, calls or paperwork. ... more
0 votes 2 answers Share Flag
A few hours 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 hours 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
0 votes 2 answers Share Flag
A few hours ago
Lazell Jones asked:
A few hours 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
0 votes 1 answer Share Flag
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.
... more
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
0 votes 3 answers Share Flag
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