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91103 : Real Estate Advice

  • All15
  • Local Info0
  • Home Buying9
  • Home Selling1
  • Market Conditions1

Activity 127
Wed May 9, 2012
Kawain Payne answered:
Hello Gerardo,

Just how bad is your credit? Are the things on your credit report correct?

You may want to get a current copy of your credit report and go over it. If you find anything which is not correct, contact the credit reporting agencies and adrress the incorrect items.

To secure a FHA loan a buyer needs a min FICO score of 640. If your score is below 640 you will have a very hard time getting a mortgage loan.

Since you have been on your job for so long and are making a good income, try and get your credt in order. Start paying down your debt, and avoid taking out any type of new credit.

Best of Luck to You,

Kawain Payne, Realtor
... more
0 votes 2 answers Share Flag
Sat Jun 9, 2012
Ron Thomas answered:
Unfortunately, a credit rating is very important.
Make a two year plan to build your credit.
Talk to people who know what you have to do; check a book out of the library;
It's like going on a diet, but it hurts less. ... more
0 votes 2 answers Share Flag
Tue Apr 10, 2012
Tammy Hunt answered:
Hello Orchid,

Yes, there are 4 homes within 1 mile of the high school. Call or email me and I can give you the details.
Best regards,
Tammy Hunt
Nelson Shelton & Associates
310-990-9005
www.tammyhunt.com
tammyagnt@aol.com
Lic# 01275416
... more
0 votes 7 answers Share Flag
Tue Sep 4, 2012
Richard Schulman answered:
Hi Ash,

I would be happy to help you out with this. I work with a large number of investors, and especially recommend condos as an investment. I have helped many investors with this exact scenario, and they are now making excellent returns on their properties. It is important to analyze the properties for their expected ROI (return on investment) as you mentioned, taking into consideration all projected expenses and potential rental income. You can see several sample scenarios where I have done this, by visiting some of the properties listed here: http://richardschulman.com/category/foreclosures-of-the-week/ And this is something I do on a regular basis for my clients in analyzing investment properties. I would be happy to talk with you further and help you analyze your situation and get you started in the right direction.

Feel free to contact me at any time.

Richard Schulman
Keller Williams Realty
(310) 482-0173
schulmanrd@yahoo.com
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0 votes 17 answers Share Flag
Fri Nov 16, 2012
Mack McCoy answered:
Tue Feb 28, 2012
The Emamian Team answered:
Hi Lisa,

I would be happy to help you with your search. Do you want a single family home or would you consider a townhome with a small outdoor area, as well? There are many options in the Pasadena area, you can reach me at (626)487-3678 to discuss the matter in more detail.

Best,
Jan
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0 votes 2 answers Share Flag
Wed Feb 1, 2012
Deena Willis answered:
Did the lien holder supply her with a letter that she was free and clear from the all her debt? Not all lenders supply a letter releasing the home owner from everything. I would start there and dble check what the bank agreed to release her from and check with a lawyer. ... more
0 votes 7 answers Share Flag
Tue Dec 13, 2011
Dot Chance answered:
Are you SURE you will not qualify for a refi? I can refer you to a couple of lenders who may be able to help you. With so much equity in your home there may be a way. Contact me and we will brainstorm to get you some help!

Dot Chance, Realtor®
Certified Distressed Property Expert – CDPE®
DRE License #01494182
Keller Williams Realty World Media Center
www.DotChance.com
818.339.7712

WHEN YOU THINK OF REAL ESTATE...Think DotChance.com! My business thrives from your referrals!
... more
0 votes 11 answers Share Flag
Sun Mar 4, 2012
Laura Twors answered:
Are you looking to purchase a condo or rent one? On the purchase side you are looking at an average price of approximately $300,000 for a standard condo. If you are looking to rent you will be looking at anywhere from $1600 - 2500 per month depending on the quality of the condo. If you want further assistance feel free to contact me, I'd be happy to help.

Laura Twors
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0 votes 10 answers Share Flag
Tue Feb 7, 2012
DJ Bonner answered:
Hi Blomme,

I'm sorry, but the lowest price condo in that area is $180,000. Please send me an email and I will be more then happy to search other areas for you and send you a list of available homes.
Best,

DJ Bonner
Keller Williams Realty
562-572-4203
djbonner@kw.com
... more
0 votes 4 answers Share Flag
Thu Oct 20, 2011
Alain Picard answered:
Rockwell institute was pretty good for me and a lot of people use them.
0 votes 5 answers Share Flag
Sun Oct 16, 2011
Lee Bothast answered:
The tax code is mostly interpreted along these lines:

If you or your spouse that resides with you are age 55 or older, you may buy or construct a new home of equal or lesser value than your existing home and transfer the trended base value to your new property.

If you require additional detailed information, please contact your tax consultant, or the Los Angeles County Assessor at:

http://assessor.lacounty.gov/extranet/guides/prop6090.aspx

The appraiser will be required to represent the best interest of the lending bank and cannot be instructed by the buyer to appraise a property at a chosen price. You can certainly hire an independent appraiser to perform an appraisal on the property.

I hope that helps! Good luck!
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0 votes 5 answers Share Flag
Wed Sep 12, 2012
Georgia Seid and John W. Lawler answered:
Yes, there are many rentals in Pasadena that are pet friendly at $1,500 and below. What area of Pasadena would you like to live?
0 votes 5 answers Share Flag
Sat May 12, 2012
Georgia Seid and John W. Lawler answered:
You can go on line to the attached web site and find exactly what you are looking for also a realtor can have their Title representative run a property profile to obtain this information.

http://zimas.lacity.org
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0 votes 2 answers Share Flag
Sun May 17, 2015
Donna Baker answered:
Lease to own has fallen out of favor for many years for several reasons. Most importantly, when a seller agrees to a lease option, they agree on a sale price and a monthly "rent" that is inflated so that some portion of the rent goes into an account that accumulates a down payment. So if the normal rent would be $2,500 a month, an owner will charge $3,500 and put the extra $1,000 into an interest bearing account for the renter, who is virtually saving for a down payment. That all sounds good, except let's say the owner agrees to sell the tenant the house for $500,000 when the option is exercised. So maybe in two years the renter is ready to do that, but home values have increased, and now the house is worth $600,000. The seller still has to honor the original sale price, so he loses $100,000 in that scenario. On the other side of the coin, let's say that two years goes by and now the value has decreased, so that the house is now only worth $400,000. In that case, the buyer is committed to going forward at the agreed to price, thereby overpaying for the house by $100,000.

That's why they're not popular. In my ten years of real estate, I've never seen one offered at all.
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0 votes 2 answers Share Flag
Mon Apr 4, 2011
Terri Vellios answered:
That is a legal nature. Talk with an attorney.

All the best to you.
0 votes 11 answers Share Flag
Mon Dec 12, 2011
Curt Schultz, REALTOR and Architect answered:
Each method has it's positives, personally I like that is is a natural chemical which is known and safe. With any method you use you will need to followup and retreat as needed. If it kills the termites when used it has done it's job!

Curt V. Schultz, REALTOR-Architect
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0 votes 8 answers Share Flag
Fri Feb 18, 2011
Marilyn Rich answered:
Wed Feb 16, 2011
Jonathan Katz answered:
It really depends on every deal. FHA/VA Buyers MUST have their closing costs paid by the Seller. If you have a solid offer you can always negotiate with the seller to the terms that best fit your needs. We process hundreds of short sales and on many of them they actually pay the seller's closing costs for them.

In regards to what you were asking about "how much are closing costs approximately" that too can be answered on case by case situation. In most cases as I mentioned above in the short sale business the banks will typically cover up to 3% of the closing costs. Many time our buyers don't use that whole 3% but it depends greatly as well on what the purchase price is...

There are a lot of great deals out there and still many to come.

All the best in your searches and if you have any questions please don't hesitate to ask.
Regards,
Jonathan Katz -- Absolute Consultant Group
... more
0 votes 2 answers Share Flag
Fri May 18, 2012
Melissa Krchnak answered:
My partner and I work with many different kinds of Buyers and together we've worked on many Short Sales. If you'd like to schedule some time to sit down and chat with us about what you expect and let us give you an idea of what to expect in this market, let me know. We're always happy to work with new Buyers! ... more
0 votes 8 answers Share Flag
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