Home Buying in Orange County : Real Estate Advice

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Vi-tran, Home Owner in Denver, CO
Vi-tran asked:
Is it still possible to buy cash flow SFH in Orlando or metro? I live in another state and would like to find a SFH between 150-$200k either as vacation home or long term rental. I'm not sure yet which one depending on what I can find. It will also…
0 votes Share Flag Earlier today Investment Properties in Orlando
Diane Christ…, Real Estate Pro in Sarasota, FL
Diane Christner answered:
can I use a cashier check for closing in Fl.?
It will depend on the preference of the closing agent/title company. That being said, I do not know of a single title company or real estate attorney in my area of FL (Sarasota - Brade ... more
0 votes Share Flag Wed Sep 21, 2016 Home Buying in 34787
Manuela, Home Buyer in 10065
Manuela answered:
Is there anyway to get pictures of foreclosures or short sale homes?? I've noticed that not all of these homes have pictures. Secondly should I
I had the same issue when I was looking into purchasing foreclosed homes especially properties that were out of state. I decided to focus on that problem and created ScoutSnaps where yo ... more
0 votes Share Flag Wed Sep 21, 2016 Home Buying in Orlando
Erica Muller, Real Estate Pro in Winter Garden, FL
Erica Muller answered:
I'm interested in purchasing short term rental in Orlando. Any success?
Hi Vincent, congrats on this decision. I wrote a guide for investors investing in vacation rentals here. That might be a good place for you to start. You can download it here: http://ww ... more
0 votes Share Flag Tue Sep 20, 2016 Investment Properties in Orlando
Mark LeMenag…, Real Estate Pro in Lake Nona Orlando, FL
Mark LeMenager answered:
How much of a down payment is needed to show in a savings for a pre-approval letter?
A pre-approval letter is a lot more rigorous than a pre-qualification letter. Pre-approval does involve verification of your information, so yes it is reasonable for them to want to se ... more
0 votes Share Flag Tue Sep 20, 2016 Home Buying in Orlando
Stephen McRo…, Real Estate Pro in Tampa, FL
Stephen McRory answered:
How long after foreclosure will a bank approve for buying a home in the future? What type of loan would I qualify for and down payment?
One day after FC an otherwise qualified borrower could purchase a home.
0 votes Share Flag Thu Sep 15, 2016 Foreclosure in Orlando
Erica Muller, Real Estate Pro in Winter Garden, FL
Erica Muller answered:
What if I am not American and do not have a social security number?
Hi Dawn,

One of my client's was recently in this situation. They were able to obtain a loan against the equity in their house. I also put them in touch with a hard money lender I us ... more
0 votes Share Flag Thu Sep 15, 2016 Investment Properties in Orlando
Gale_hill, Home Buyer in Orlando, FL
Gale_hill answered:
Property survey shows my neighbor's fence is located on my property...
neighbor took down a fence between our property its about 6 feet between our buildings they put a gate up with it latching by my building I put a lock on it since its on my property and ... more
0 votes Share Flag Wed Sep 14, 2016 Home Buying in 32801
Mark LeMenag…, Real Estate Pro in Lake Nona Orlando, FL
Mark LeMenager answered:
is this property available for sale?
NO, it is not for sale. What is posted is information from the courts.
0 votes Share Flag Tue Sep 13, 2016 Home Buying in 32835
Alan May, Real Estate Pro in Evanston, IL
Alan May answered:
Aluminum wiring not found during inspection but inspect reported copper wiring.
I don't know what's common in your area. While aluminum wiring isn't common in our area, it does exist, and while copper wiring is generally considered to be better... I'm not sure the ... more
0 votes Share Flag Sun Sep 11, 2016 Home Insurance in Orlando
John Burke, Real Estate Pro in Austin, TX
John Burke answered:
how can I get help with a down payment on a house? Is there any grant money?
Hi Ge.logan1965,

If you can go a little west of your zip code to the other side of the 429 in the Winter Garden area you can use the No Money Down USDA mortgage to buy a home.

One ... more
0 votes Share Flag Fri Sep 9, 2016 Home Buying in 34761
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Does anyone know if you sign the loan application again at closing? I'm feeling a little confused by what you actual sign when you get to closing.
It is common for you to review and re-sign a mortgage application at closing. Your loan officer and buyer broker should both offer you an insight of what will happen at closing. You wil ... more
0 votes Share Flag Wed Sep 7, 2016 Home Buying in Orlando
Julie, Real Estate Pro in Cupertino, CA
Julie answered:
can I a foreign national get a loan from and american bank and if so which should I choose?
Hi,
Our bank is a great lender to help lots of Foreign National (B1, B2, H1B, F1..) to get a loan.
Requirements:
1. WVOE from your current employer.
2. 35% down payment shows in you ... more
0 votes Share Flag Tue Sep 6, 2016 Home Buying in Florida Center
Jimmyfallon, Real Estate Pro in Daytona Beach, FL
Jimmyfallon answered:
Hi all, which is more profitable on rate on return, to buy a house for short rental on vacations or long term rents?
Yes you rent a good Vacation Rental .It is not so expensive if you rent Vacation Rentals in Daytona.
0 votes Share Flag Wed Aug 31, 2016 Home Buying in Orlando
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
What are the pros and cons of foreclosure?
If you are asking if there are pros to getting foreclosed on. NONE. It will stick with you for 10 years and they can go after balance of what is owed anyway. A short sale or deed in lie ... more
0 votes Share Flag Tue Aug 30, 2016 Foreclosure in 32833
Mark LeMenag…, Real Estate Pro in Lake Nona Orlando, FL
Mark LeMenager answered:
In the FLORIDA AS IS Residential Contract, , I am understanding that a CASH BUYER pays no Settlement Closing Cost
Very good question. I can't give legal advice, but I have done a lot of cash transactions on the As-Is contract and one everyone of them my buyer's did pay the title company a settleme ... more
0 votes Share Flag Mon Aug 29, 2016 Home Buying in Central Business District
Dgwalker, Home Buyer in Winter Park, FL
Dgwalker asked:
IHow can I obtain loan to buy out siblings on home we inherited. I am co-owner of a Florida home with my two siblings. We share equal ownership. The property is appraised at $200,000. There is only a $15,000 LOC attached to the house. I have CA State…
0 votes Share Flag Fri Aug 26, 2016 Home Buying in Orlando
Prince, Home Buyer in New York, NY
Prince asked:
First time home buying program I am looking at some information on the first time home buying program in Metro Orlando area.
0 votes Share Flag Thu Aug 25, 2016 Home Buying in Orlando
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