Is it possible to purchase a council flat, In which my grandfather have lived in/ rented for 25 years?
It's in Devon. He's cracking on a bit, and I be thinking that I could maybe rob the opportunity to buy it, and let him stay nearby rent free for the rest of his life. Can this be done? any warning is appreciated.Answers: You can only buy the flat surrounded by his name and beside his permission, the council will give him a discount on the price. You may however borrow the money to buy the flat on his behalf, the council will not worry something like that side of things.
However if you are looking at this as an investment then you will be to think of how a will may be split, and also the charge implications that this could bring.
Hope this help you?
If you move in next to him as a care taker, he can supply you on the tenants document, Once you are known to the council as a resident of the house, you may buy it. Otherwise, you stand no unsystematic to claim anything on that flat.
I would approaching to start a Property Management company, but I do not know where on earth to start, can some one minister to?
Will I need to be certified to clear a Property Management business, if so I live in Chicago where on earth should I go to find a program to draw from certified, is there any prior training I should have? where on earth do I begin!Answers: You enjoy to have a existing estate BROKERS license. You have to work as a licensed tangible estate agent for 2 years before you can pinch the test for your brokers license.
What type of Property Management will you be doing? if you will be handling rentals you will obligation to get a existing estate license. If you will just be managing properties after you don't. Have you ever worked in Property Managment in the past? I work for a property management company that purely handles Homeowners Associations. THis is simpler next handling individual homes. However most Associations will not give over their money unless you can show that you hold experience. Now if you will just be handling houses for out of town owners, afterwards I would assume that you would just entail to advertise, perchance leave flyers within the doors? get a couple of homes and try to get hold of business through word of mouth.
Mortgage company or bank, for new mortgage>?
Answers: You owe it to yourself to check with both. I would ask for a good faith estimate from multiple sources giving them the same information to work from. I wouldn't let them pull your credit at first but give them an idea of what it is like...
The idea of getting a good faith estimate is you can compare the fees attatched to different sources and use them as negotiation tools.
Good Luck!
Neither. Use a Credit Union...Their fees are much less!!