Renting Real Estate Questions and Answers

How much money is enough for a deposit on a house?




Answers: It depends on what the deposit is for.

As a real estate investor I only put 1% down on the house. But, I'm talking about a cash sale that I can close on in 14 days.

If your talking about a deposit on a home your going to rent that is different.

If your talking about a deposit on a home your are going to rent to someone else then that as well is different.
Depending on where you are, it is anywhere from 5 to 20%. If you are a first time buyer, then it is really hard to come up with a downpayment on a house. You need to check into some programs for first time homebuyers to help you out.

Where can I find a list of prices for modular homes for TX? I am looking into buying one for San Antonio area.




Answers: Usually with the manufactured home it is easy to get a list price. With modular it more difficult. They are alot more issues to take into consideration. If you are looking at homes on a lot they are probably manufactured (aka trailers, mobile homes). Modulars have to sit on a full foundation and therefore more expensive to display, A manufactured home is a trailer so all they have to do is park it, un hitch it, and put a few blocks underneath it.

Another issue is prep work, a modular needs a foundation and requires more finishing work than a manufactured. A modular also will requires a crane to lift the pieces of the home onto a foundation. A manufactured can be parked, jacked up and placed on blocks, the retailers usually have that figured into the price. You can also have a permanent foundation under a manufactured, and than the manufactured home will be rolled onto the foundation.

Sorry this is long but this is why it isn't as easy to get a "list price" on a modular.
You can't, at least I never could. You have to go visit the retailers and they tell you how much they are, it would be much simpler just to be able to know how much before they suckered you into falling in love with something you cannot afford. I know that Palm Harbor homes are really expensive I have went there and looked, I have actually went to about every dealer and looked. Hope you find what you are looking for.

Are commercial lease usually compensated monthly or per annum?

some friends and i are looking in melbourne for a warehouse to rent, a creative space, and own started looking at commercial leases. however, we don't know anything roughly it. is rent usually paid monthly, like peas in a pod as any residential lease, or is it completely different for commercial leases?


Answers: Monthly. Nobody would rent anything if they have to make a hulking payment every year.

Good luck.
The lease can be structured any mode you want as long as the lessor agrees to it. Monthly rents are usual. You would want to negotiate a much lower price if you pay annually, because as soon as you sign the lease you would own to pay a full year's rent

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