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Las Vegas : Real Estate Advice

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  • Local Info237
  • Home Buying1K
  • Home Selling168
  • Market Conditions78

Activity 3,668
Tue Jan 3, 2017
Thomas Martin answered:
Yes, you can buy from a Single Family residence all the way up to a 4plex with an FHA mortgage loan. As long as the property is owner occupied. Meaning the borrower of the FHA mortgage loan has be living at the property as their Primary Residence. It can be done. You can purchase a 1-4 unit.

You will still have to qualify with your income and credit, and a portion of the rental income could possibly be used to offset the payment. As long as there are tenants already in place with long term lease agreements. You will have to put down 3.5% down payment and the seller can credit you up to 6% to cover your closing cost.

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0 votes 16 answers Share Flag
Tue Jan 3, 2017
Nigelmcgruder asked:
Nothing more than 800$, 2bedroom if possible and something that's more on the southern part of Vegas because I work at the Airport
0 votes 0 Answers Share Flag
Sat Dec 31, 2016
John Greene answered:
Yeah of course!! Retirees also have the full right to buy their dream home.
0 votes 3 answers Share Flag
Wed Dec 28, 2016
Shellsoiree answered:
what is an average Electric Bill in North Carolina for a two bedroom two bath cottage / they are charging us $240.00 a month for last month, and refuse to come out and check meter. They say that it is read from a central location. What can I do about this?? thank you ... more
0 votes 10 answers Share Flag
Wed Dec 28, 2016
Susie Kay answered:
It varies. How big is the home? How much upgrades are you planning to do? I would suggest that you contact a couple general contractors and obtain bids from them.
0 votes 1 answer Share Flag
Thu Dec 22, 2016
linda anderson answered:
can i pay my security inhree payment t
0 votes 1 answer Share Flag
Sat Dec 17, 2016
nuguid.francis asked:
We just bought a house for cash, and my insurance dont want to cover our house until all the repairs are done..it was built 1953, it needs some little repair like the cracks in floor and…
0 votes 0 Answers Share Flag
Fri Dec 16, 2016
Greentekfirst answered:
I found some very interesting and useful information in this article regarding Seller Financing and Owner Carry creative financing using Private money...

http://titleseach.blogspot.com/2016/12/using-hard-money-to-leverage-owner.html?m=1 ... more
0 votes 7 answers Share Flag
Mon Dec 12, 2016
Trisha8361 asked:
Looking for areas of foreclosed homes under $40,000
0 votes 0 Answers Share Flag
Thu Dec 8, 2016
Jackson W Stieb Jr answered:
If an agent really wants to make a great career as an agent they have to understand the franchise real estate offices top agents do 99% of the deals so new agents see this so this is what attracts agents to join. When they finally join they are paying 100-150 a month in fees. When they close their 1st deal after 15 months (1500+ ) they get their 70% of the 10,000 but still have to pay out broker, office, franchise, tc, and file fees. Comes to about 20%. Agent will net a50/50 % split then pay their 150 office desk fee again.
I offer a 90/10 split I pay EO and buy cards and 2signs. We brand the agent and the colors they want not my brokerage name. This is about making agents true business owners using their name since they are the one who brings in the business.
... more
0 votes 14 answers Share Flag
Sun Dec 4, 2016
asgj1978 answered:
Well then maybe you shouldn't be asking other people to finance your home purchase and wait until you save your own money? The reason for the verification is that it is illegal to 'launder' money in the United States, and one way to launder money is to use 'ill gotten funds' to make legitimate purchases such as real estate. You don't get to rob a bank put the money in someone else's account and the 'borrow' it to by a house--and you also are not allowed to 'borrow' a down payment, it must be a gift that does not need to be repaid, if the people claiming to 'give' you money don't really have a lot of money to give away, then the bank would suspect that you are actually borrowing it and that would increase your debt-to-loan ratio. If you don't like the rules of borrowing someone else's money(as in the banks), then don't ask them for money. ... more
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Fri Dec 2, 2016
Samariaamafa asked:
Fri Dec 2, 2016
Ashishsumputh answered:
Anyone has use the Craig proctor system recently in Canada more specifically in Toronto Area
0 votes 26 answers Share Flag
Wed Nov 30, 2016
Bradley Bellstedt answered:
In my 5 years in Las Vegas I have found that pretty much everywhere around the city is progressive. We have so many different races, sexual orientations, and backgrounds in this city that people aren't usually picked out for being different. ... more
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Tue Nov 29, 2016
Monique answered:
I WOULD LIKE TO FIND A REALTOR THAT WOULD ASSIST ME IN FINDING A 3/2 BEDROOM HOUSE WITH A 2 CAR GARAGE W/ PRIVATE POOL LIKE I LIVE IN NOW...I WILL ONLY CONSIDER LIVING SOUTH- HENDERSON or SOUTHWEST. I WILL BE TRANSITIONING TO LAS VEGAS FROM SACRAMENTO HAVE A NEW SECTION 8 VOUCHER ... more
0 votes 3 answers Share Flag
Sun Nov 27, 2016
Michael Prescott answered:
Eviction is a tricky process. First I wish to point out that ALL real estate transactions are required to be IN WRITING to be LEGAL and Binding. On that if there is someone LIVING on premises WITHOUT this contract in writing and you wish to vacate them, You are STILL required to follow eviction procedures. They MUST be put on notice and served eviction notice. I would recommend you google LOCAL eviction companies to assist you. In the future NEVER make this COSTLY mistake again. ... more
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Sun Nov 27, 2016
Michael Prescott answered:
In some circumstances YES! If the Realtor has a signed power of attorney to act on his clients behalf. This is the simplest answer without getting to legal.
0 votes 1 answer Share Flag
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