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Personally, I think the time is awesome to purchase investment property in the U.S. with a time horizon of 10-15 years. Im looking at chicago and my guts are telling me its a screaming buy. Appreciation not the compelling factor, its the insanely low rates combined with inflation hedge...

Likely the realtor is just covering his own ass. Re assessing the property at this time can only cause problems for him, i.e. you find something else that jeopardizes the sale. I guess he is advising you so that if indeed there is some problem down the line, you cannot come back to blame him and...

Hi, I"ll give my advice but please take it with a grain of salt. I am a licensed to conduct real estate transactions, but only in common law countries, so if you are in the U.S. it may not apply. It depends whether or not you put these fix or six repairs into writing or its just a verbal...

Your plan sounds strange. First, I doubt very much you can net zero on the primary residence if your family is occupying a part of it. Secondly, a building with multiple separate entrances is an atypical unit, and will turn off many potential renters. Duplexes and such attract starter families...

If this is the case, you can finance more of the purchase. The fact you are living in half the property means you can treat the other portion as "renting a room", which means periodic non essential income. If you account for the full value of the monthly payment in your finances and do not rely...

I would say getting positive cash flow with your suggested setup is difficult if not impossible. General rule of thumb with SFH purchase is to put at least 20% down, and this is if you are very experienced in managing property, tenant selection, etc. I would recommend 25% to 30% down to first...

Caring about area/size/fixtures etc. is all fine and dandy, but like I said these are functions of price. You want better, you pay more. There are plenty of crappy homes I would never live in that make terrific investments. tag along right means if the other party tries to find a buyer for...

If you are viewing this as an investment, the salient points should not be "buying something in a nice area" or "getting what you are looking for". These features are functions of price. Strictly speaking, as an investment one thing I feel you are discounting is liquidity, and going 50/50 in...

There is no way to "take your equity out" without either having the other party buy you out, or finding a buyer for your half of the property (unlikely unless family since its difficult to transfer half interest in a property). One option is to put the property into a company name, and then...

that sounds like a pretty bad idea unless you are very skilled in constructing houses, which it doesnt sound like from your email. The fact that you need someone to come inspect it and tell you the problems is not a good sign. if you can afford to do a full renovation on the house (25-40k...

I never understand why anyone takes a girl to a movie on the first or second date. its a weak fallback of a lazy coward. The entire point is to engage the girl socially, impress her with your boyish charm and rugged good looks. Spending two hours in a darkened room not looking at each other or...

i myself only nail girls who are at least a 7.3 on the Piven scale. I mean...we all have our standards!

why was your loan over 240k if you paid 8.5k down? shouldnt the loan have been around 236K? did you borrow the insurance and they lumped it in?

im not really sure what you are asking. If you are talking about the monthly cash flow only, it should be fairly simple arithmetic. add up the various costs like bills, mortgage, insurance, tax, estimated repairs per annum, cutting the grass etc. if you are assuming your salary will only remain...

for anyone who cares, the real estate market in Hong Kong is rising fast, especially in the luxury sector. there was a record breaking transaction at 9,120 USD per square foot for a 5,000 sqft apartment for 44 million USD (normal homes cost between 900 usd to 2500 usd per square foot). the...

Im not sure what your sale and purchase says about moving out after closing, but normally it contains stiff penalties if the previous owner does not turn the property over to you on the specified date in the condition you viewed it. (i.e. they did not remove fixtures or fittings). At the very...

it costs the bank time and money to approve someone, so it makes sense to reduce the number of approvals/person. if you find a property at 100k, then one at 150k, then one at 200k that would require 3 approvals if you only asked for the valuation. if you know exactly the amount you want to...

banks have formulas that dictate how they approve loans, whether it be pre approval in the US, or after the fact like where i live in asia (you cant even talk to a bank until you show them a sale and purchase agreement for a property). mostly it revolves around financial figures like net...

why would a bank not approve you up to the maximum allowed according to their policy? it seems inefficient to give a yes/no answer to an arbitrary number, instead of saying you are approved up to and including X.

a couple of concerns/red flags about this: are you getting any financial help from mom or dad? it seems like you got approved for 160k, and you set out to spend the max of 160k. additionally, its a really low downpayment you are making. if the valuation of the house is closer to 200k...

huh?

Hong Kong girls are nowhere near as shy as korean. there are quite a lot that have a taste for western guys and cruise LKF, they are more than willing to do anything from the first date onwards if they like you enough. you just need to be willing to spend and buy them drinks, which can run...

this has happened to me as well. i take strange comfort that this is more common than i thought..

for one, there is a security issues showing your house to someone. the agent provides a security aspect to the transaction, in which you are essentially letting complete strangers into your house. all it would take is a single case of robbery or god forbit rape, and your do it yourself...

it depends on which country you are buying. in most western countries the buyer pays nothing. in most asian countries and some others, the buyer does pay a fee, ranging from 1-3%. the fee amount is determined normally by the size of the transaction (the higher real estate prices, the lower %...

well, the house is "really worth" only what someone is willing to pay for it. and if they owe more mortgage on it than what people are willing to pay, its really worth less than zero. if those people have the cash for a downpayment, they can always buy the new house and rent out the old one...

ive never heard of closing costs being included in the price. there really isnt any advantage to paying cash, but if your intent is to lowball and pressure the seller into accepting the deal you can show up with a check to let the seller know you are a serious bidder and put a deadline on it.

i completely disagree. what you are suggesting is that late 20 somethings take around 200k of their future savings over the next 5 years and slap it into their home. that 200k invested over the course of the average mortgage(25-30 years) at a reasonable return of 8%(the last 100 years of stock...

this is a completely silly argument and view of how mortgages and lending work. on top of the obvious fact that you will live in a crappier place than you can reasonably afford, all you are saying is: pay your mortgage fast and early and you wont pay interest. using your logic why not take...