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Newark : Real Estate Advice

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  • Local Info32
  • Home Buying126
  • Home Selling15
  • Market Conditions10

Activity 428
Tue Jun 14, 2016
Nshannon asked:
1225 Raymond Blvd in Newark NJ is the location. I want to know if I can list more than one apartment in one ad
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Wed Jun 8, 2016
annette mullins asked:
I started in Oct 2015 and my mentor is not so good. I asked to go on listing appointments, or ouT w buyers, etc anything to learn more about the business. I want to know what I'm doing…
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Fri May 27, 2016
Kyro_9 asked:
Mon May 23, 2016
MCM_STL answered:
You don't necessarily have to be debt-free. Lenders are looking at a combination of credit score, income, how much credit you have access to and how much debt you have relative to available credit among other things.

One of the things that really hurts people is credit card debt particularly if you continually carry a balance near the top of your credit limit. If that's your case, then I 100% understand why your lender is telling you this. I'd personally never buy a house if I had any amount of credit card debt. It's just such a huge waste of money to pay double-digit interest that I'd make getting rid of that a priority over buying a home. If you have the cash to pay it off, I'd say do it by all means.
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Wed May 18, 2016
Sherly Adams answered:
I know a 3 bdrm 1 bath for rent for $1300 by the owner in the Roseville section of Newark. Not sure how far that is from Orange but there is no broker fee. moving cost shouldn't cost more than $500. After giving the owner rent and security deposit ($2,600), everything would be less than $3,500.
Hope it is helpful, don't know Jersey too well.
call 646-842-9380 for more info.
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Wed May 4, 2016
Karen Peyton answered:
Yes, you can qualify for FHA with income from Social Security. And just like everyone and anyone else, you will have to meet the minimum qualifying criteria set forth by FHA and mortgage lender.

Good luck!
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Mon Feb 29, 2016
thinz answered:
Thanks - I would not let credit score be a driving force for buying a home! If you can qualify, the score is irrelevant other than HOW would it impact your interest rate?? You may likely pay a higher rate for a lower score, but that could be changed rather quickly if you make your payments on time and take some other steps for credit repair. Tom Hinz www.shortsaletosell.com ... more
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Thu Feb 25, 2016
thinz answered:
You should be able to get an estimate without paying a fee. There is no reason to pay anyone a fee for an estimate for this type of work. Schedule 2-3 contractors to come out and ask for a copy of their liability policy/coverage for their business and employees, license, and 5-10 referrals of other homes where they have done similar renovations. Good luck. Tom Hinz www.shortsaletosell.com ... more
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Wed Feb 24, 2016
thinz answered:
For anyone asking this type of question, please be more specific - BAD is a relative term...be more specific with your FICO score to get a better response.
Tom Hinz www.shortsaletosell.com ... more
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Wed Feb 24, 2016
thinz answered:
Without knowing WHERE in NJ you are referring to, I would focus on South Jersey locations or Eastern PA north of Levittown. Tom Hinz www.shortsaletosell.com
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Wed Feb 24, 2016
thinz answered:
On a conventional mortgage, expect to wait to qualify for 5-7 years depending on the removal of the record from your credit profile. Of course, the best scenario would be an owner financed method for purchase...this could happen at anytime if you find the right seller who is motivated enough to sell, doesn't need the lump sum cash, and is looking for a good passive income stream. These are my favorite kind of deals for many reasons. Good luck!
Tom Hinz www.shortsaletosell.com
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Tue Feb 23, 2016
thinz answered:
Seller would typically be responsible, but anything is negotiable and can be changed depending on each parties interest and motivation. Tom Hinz www.shortsaletosell.com
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Fri Feb 5, 2016
00dmb5 asked:
3 tall stories, building is 50x100, in Northern NJ. Whats the cost/squarefoot?
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Wed Oct 28, 2015
Scott Godzyk answered:
If you have are listed and not yet undrer contract, ask for a full release in writing, if you are under contract, check with a lawyer to review your contracts
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Sat Oct 10, 2015
thinz answered:
Yes there is a way...the biggest obstacle for most folks is their own commitment to staying on course with improving their credit vs going back to past spending habits that got you into trouble.
FICO is a predictive score based on your past credit history that helps creditors understand how good a credit risk you would be. Low score/high risk 300 to high score low/risk 850. A good score would be 700 or higher....although credit could be extended with a score below 700. Where is your FICO currently? That will determine how aggressive to be with your credit restoration... If you want specific steps to try to take email me direct at thinz @apexgroupus.com and put CREDIT HELP in the subject line. Tom Hinz www.shortsaletosell.com
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Wed Aug 26, 2015
thinz answered:
Most likely yes if you are selling homes you do not own....and if you are buying/selling homes you own, then you fall into the "dealer" category which could have IRS implications.
Tom HInz www.shortsaletosell.com ... more
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Sun Jul 19, 2015
Tinkerbellonthebeach asked:
My wife is a us citizen and i have an ead and valid ssn. We are looking to buy our first home, however my wife doesn't work. My income is good enough to afford a home. Both our credits…
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Thu Jul 16, 2015
thinz answered:
As long as you will put the time in to make sure everything is being done on schedule with inspections and renovation work, you won't need a consultant. Problem is most folks underestimate what the work involves. Need to monitor at least 2x per week minimum to keep the momentum going.
Keep focused! Tom Hinz www.shortsaletosell.com
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Thu Jul 16, 2015
thinz answered:
If you have questions regarding these Guidelines, please contact Jerry Anderson, by email at Jerry.R.Anderson@hud.gov, or by phone at 202-402-3198, or contact the respective Project Manager at the Multifamily Hub/Program Center.

Good luck. Tom Hinz www.shortsaletosell.com
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