In Los Angeles (rent controlled building) can I lift the rent if tenant own month-to-month lease?
Question:
Answers:
Under RSO (Rent Stabilization Ordinance) you are allowed to increase rents once a year, at the rates below:
From the official website of the city of Los Angeles, here is the connect under RSO publications and forms: http://www.lacity.org/lahd/rsopubs.htm...
LANDLORDS HAVE THE RIGHT TO:
Raise rent once every twelve months by the annual allowable increase. (As of 7/1/06-6/30/07, the allowable increase is 4%, as of 7/1/07-6/30/07 the allowable increase will be 5%)
With what materials can i build a piano nouns smaller number contained by an apartment or house?
Question:
I m a pianist who may be moving to a new a house. I m interested contained by buying a baby pompous piano, but im concerned with the nouns, that the neighbors might complain.
Answers:
Talk to a music store about the nouns and what you can do about it. Or hail as a piano tuner. I love music, particularly classical music, but I want to hear it at my own convenience, not from my neighbor. If the houses are close together, you might consider getting an electronic piano. I know this is not what you want, but my son bought a worthy one that has true piano switch action and the nouns is adjustable. Good luck!
Where can i look for rent to own apartments within north carolina?
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Answers:
You can always look on the internet.
www.apartmentguide.com
www.apartments.com
Get a referral to a Real Estate Agent, they know how to find that. Don't they print the Fourth Estate with classifieds out nearby? There has to be a few advertise in near...
www.WeichertRents.com
www.ApartmentRatings.com
Best of luck
We don't have rent to own apartments. There are occasionally townhouses that a property owner may be of a mind to sell, however, not an apartment.
Your nouns also will bridge on where you want to live. You choices may be more set in some rural settings, so, desire first how far away from your major diversion (work, school, church) you are feeling like to drive on a daily starting place.
What be or is the most expensive house on the Real Estate?
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Answers:
Bill Gates' house.
try realtor.com
Real Estate Mogul Plans World's Most Expensive House, at $155 Million
NEW YORK — If you're looking for a new home and hold $155 million to spare, you could be the proud owner of the world's most expensive abodes.
Forbes.com, the online site of Forbes magazine, on Thursday said timber and real estate baron Tim Blixseth have just upped the ante within the price of the world's most expensive home, planning to build and sell a home for $155 million.
The 53,000-square-foot stone and wood mansion will be built at the Yellowstone Club, a members-only, residential ski and golf resort in close proximity Bozeman, Montana developed by Blixseth.
That tops the $139 million asking price for Updown Court in Windlesham, England, which be listed No. 1 surrounded by the Forbes.com list of the world's most expensive homes within 2006.
It also exceeds the $125 million that U.S. media mogul and sincerity TV star Donald Trump is asking for the renovated estate he owns in Palm Beach, Florida.
Blixseth, who ranks No. 322 within the 2006 Forbes 400 list near a $1.2 billion fortune, said he had already received interest within the home.
135 million... Its in Aspen Co.
http://www.forbes.com/2007/02/21/homes-e...
*** UPDATE ****
I disagree next to the above answer because that is a home that hasnt be built. He plans to build it. Read the question again. What is the most expensive house on the Real Estate.
Hell I could say-so 2 trillion dollars. Read the question up to that time you answer it.
The mansion in Miami that some of the movie Scarface be filmed at fetch an enormous amount finishing time it sold. I couldn't find the info on line, but I want to voice it was close to 9 digits.
How much do you recompense respectively month on a lb160000 morgage?
Question:
this would be over 25 years with no deposit
Answers:
More information. Its impossible to answer.
Whats your interest rate? I can ammortize it for you but I want to know. Is the loan interest only or principal and interest reimbursement. Your question is impossible to answer.
*** UPDATE ***
Call 3 different companies within your country that do mortgages, dont take the first those answer. Youre question is much to complex to own somebody answer on this site.
Immediate, at initial closing, flip?
Question:
Can I immediately verbs a title to a L.L.C. at closing from my personal name to my L.L.C.?
Answers:
Ask you title company. Some states require that your work be recorded back you can quit claim it to your LLC. Some states will allow a "double recording".
yeah you can do anything you want. The mortgage company might not like that and start to instantly foreclose. In your documents you sign a form that says you wont verbs title without authority of the lender. If you transfer title they will foreclose. If that be your intention all along its loan fraud.
If they jump after you, its a 1 million dollar fine in utah and up to 25 years surrounded by jail. Just dictum is it worth it? An LLC can take out the loan. Why not only do that in the first place? thats is what the court will ask. You are doing something that is to say very undemocratic. (not an attorney but I just have an idea that you are)
But technically you can do it.
Can non-US residents apply for a mortgage?
Question:
I will be at school surrounded by California for 4 years and would like to purchase fairly than pay rent. I don't know though if I can capture a mortgage as a non-resident.
Answers:
Yes you can apply for a mortgage which are going to have to show an income and the means to repay this mortgage for more than four years. I'm not sure that's going to be very flowing to do on a student visa, kind of a take in for questioning 22 if you're working here it's only going to be for four years if you're working where on earth you're from or where you're a citizen you're going to be away from that for four years
Sure-these companies love money, and don't really perfectionism who they are getting it from.
Sure they can, I know people that are not citizens of the US and they own houses. Best wishes!
It is call a foreign national loan unless a non-permanent resident alien with an adequate visa type or you can be a permanent resident alien near a green card. You will also need to qualify beside 29/36 debt to income ratios, a 2 year residence and employment history, established credit history, stable monthy income, and established assets.
Typical down payments array from 20-25% of the sales price. Here is a website that might be capable of give added information. hope it helps
Some mortgage companies adopt a Tax ID number in exchange for a Social Security number.
YOU BET----Bank Of America provides loans to illegals...so i am sure they could aid you.
good luck
unsurprisingly you can. As long as you have a valid passport and almost 20% downpayment there are seriously of lenders who can do a mortgage for you
If someone signed a lease near you for a year are they resonable for that yr. if they moved out up to that time a year?
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Answers:
Yes, try to find someone to take over the lease. The innkeeper wants to product sure that he has tenant for the time he agreed to let you rent it from him.
Sounds neutral, right
yep, that's the purpose of a lease
yes
yes, also they are responsible for cleaning, fee's court cost fee's and the judge could hold up the remaining stability of the contract/lease.
It is a legal contract, yes they are responsible as ably.
it depends on what it says within your lease. Most places (mine included) charge to the end of the lease or until the section is rented
Yes, unless there is a sublet clause contained by the contract that allows you to rent it to someone else who will assume the lease.
Talk to your landlord. I own an apartment and my agreement with my tenant is that if they will retribution for an ad within the paper, I will find a untried tenant. I would want to find my own person anyway. Good luck!
Yes!
Found that out a couple years ago, when we bought our house. Our hotelier wouldn't let us out of our lease 1 month precipitate, and we got stuck paying for module it. Crappy, cause he could own let us out, lucky he found a tenant in a 2 weeks after we left. Or we would enjoy had to money it all. Landlord cannot collect rent twice.
it depends on the state your contained by and it's laws. Typically yes unless they rent that section out before your lease is up next you should only be responsible for the rent during the perforation period.
Who give the appraisal, the attorney or the lender?
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The function of the appraisal in most loans is to protect the guard.
The appraisal is there to represent whoever is hiring them. Could be a relocation company, or the buyer within a cash treaty or someone else.
But in most cases the lender is the one requiring the appraisal and so they instruct it. They also require that it is an appraiser that is on their approved document.
I thought the bank did it, but I'm aint but 14, so I really don't know. Sorry.
None of the above. The lender hires an appraiser and bills the borrower any at closing or as part of the application excise.
The lender wants to create sure that the collateral is really worth at least the amount of the loan.
Getting an appraisal is any requested by the lender in the travel case of a loan and in most cases when a buyer is not sure of the attraction, by the buyer who then make the offer subject to consistent parameters of appeal to be found out by the appraisal. As to who pays for that appraisal should be reflected by the hold out to purchase.
Best of luck to you
I agree, the lender orders an appraisal from an appraiser they trust (theoretically) to substantiate the amount that they are loaning surrounded by the correct percentage of the value of the property. Any of the other party have a vested interest to inflate the efficacy so it has to be requested by the lender, even though it's remunerated for by the buyer (borrower).
The lender orders the appraisal, if within is a loan involved, and gives it to the borrower.
However, honourable attorneys will make sure that near is a copy available at closing.
What do I do??
Question:
Please help me amount out what to do... I bought a house 1 year 7 months ago. Im having soo abundant problems with it my insurance wont take-home pay and I have no money to get repairs. Would it be smart to stop paying on my house? I feel close to just giveing up Im simply 23 years old I cant handel the stress! My parents speak come back home and free some money and get a apartment but what should i do? I tryed getting a loan DENIED!! I enjoy tryed everything. please help me.
Answers:
O.K. is the repair problems, problems you know about when you bought the home?
Are they problems you should enjoy known nearly?
Did you use an agent?
IF THEY WERE veiled, you may have recourse against the former owner, and or the agent you used to purchased the home from.
IF THEY WERE accident and your insurance company is denying the claim unrightfully call the Insurance Commission beside your state Department of Commerce.
DO NOT ABANDON THE HOME!
ASK you parents, family, friends, co-workers, even church associations to come sustain you get higher than this.
sell it and obtain out from under. Do not only stop paying on it, it will ruin your credit. Is getting roommates a possiblity to help beside the expense?
Let this be a learning experience for you. Take your parents' suggestion and move back home until you can afford an apartment.
Call a Realtor...ask what it is worth...at lease I don`t know they can do a fast public sale and clear you of your mortgage.
Hi ,
Move back home and rent the house. You should be capable of
repair it from the rent that you get .
Rgds.....
If in attendance is any chance you can go it and either break even or build a little money than you must do that. Don't endow with up!
Stop making payments and letting it foreclose would haunt your credit for at least possible 7 years. So everytime you want to buy a car. buy another house, buy furniture on credit or even apply for a dutiful job it will hide you.
The only time you should stop making payments on your house is if you enjoy no income and absolutely no road to make the payments. Then you hold no choice.
SO sell it youself, but if you are stressed it might be better to bring a real estate agent to marketplace it for you.
Sell it! Sell it ! Sell it! If you do not have equity, next you can create it by selling it on a short sale. The edge will take smaller amount than what is owed if you can show that you truly have a financial difficulty.
Whatever you do, do not stop paying on it. A foreclosure is one of the worst things you can do to your credit. I like the notion of renting it out and moving home.
There are few things . 1st of all If you are competent to pay the mortgage and if you do not want to ove rear home.
Play the mortgage.. As time goes on a moment ago fix what you can.take your time and don't permit it overwhelm you .
If you are unable to play the house clearance. Call the place you got the loan from and detail them of your problems .If they are not willing to assistance you . You will have to lose the house. I see you can't procure another loan for repairs. But pay the write down and it will get better. My thoughts are beside you as you struggle. take aid
Do not quit making payments as it will ruin you credit. Sell it for as much as you can get. Pay the loss (if here is one) while living at your parents to keep your credit. Credit may come across to be just a word but it can affect your vivacity later.
Sometimes it is so straightforward to get within a house but not realize the cost of keeping the house up. And it sounds like you get a lemon. You have stated your solution. If you can't fix it, after you need to trade it and you will probably get cleaned because if it's contained by a state of disrepair, the price plummets. You may not get satisfactory to pay your loan. The other solution is swot how to repair it yourself. At one point, I went into definite estate or at least get my license and bought the Time Life series on home repairs. I intended to buy house and fix them up. I learned profoundly from the books and from friends and immediately can fix many, heaps things. It is so much cheaper to fix things yourself but you still have to hold $ for tools and parts and some ability. Or you can carry a second job for awhile. It's concrete to do but your investment in your house will pay cheque off for you within the long run. Don't just stride out. If you decide you enjoy to get out, see if you can bring back some equity out of the house by selling it before you lose it. Check out what you can to see who will submit the most for it. Some loans are assumable so that someone else can walk within and take over your loan so your credit doesn't go and get fried. They can offer you $ for some of your equity. Check out everything you can. Where adjectives these things bad when you bought the house and none of it disclosed to you. You may hold recourse against the realtor and the seller. In this state in attendance is no such thing as As Is regardless of what relatives try to tell you. Did something come to pass that the insurance denied? Your insurance agent is not your friend. He works for the company. Sometimes you gotta push. Whatever happens, legitimate estate is an excellent way to work toward your adjectives. Try again but with a nest egg and a short time more handyman knowledge. You enjoy the right idea.
On a month to month lease near rentals, does provide 30 light of day distinguish still apply ?
Question:
We have apt rentals,surrounded by which we have 6 month lease. If after the 6 months are up, and our rules are, that the tenant has to donate a 30 day observe of vacating, or they forfeit their deposit. Now the tenant is on a month to month, he would still own to give the 30 light of day notice within order to take his deposit back, right ? Just as we would own to give him 30 daytime notice to vacate. Please pass me answers on this. My tenant thinks he can move out on the 6th, he merely told me about moving, and he think he should get his full deposit hindmost.
Answers:
he has to hand over a 30 day become aware of, and pay the final months rent. But he dont have to stay the 30 days, purely be out.on or before the 30 days is up....You enjoy it pretty much right.
Thirty day notice are required of tenants within any rental situation, unless the lease dictates a longer time period of awareness. Your tenant should be paying rent for the full month of August in charge to get any deposit returned.
That is when the 30 hours of daylight notice applies - otherwise you're stuck near the term of the lease. The surety deposit is for actual damages, You would have to sue him for prorated rent.
yes 30 days become aware of does apply.usually the tenant wont pay the finishing month and by the time you get the eviction process up to speed they are gone,hopefully they don't do any incapacitate.you have to payment them interest for their deposit.and if you go to court next to them you got to prove you put that deposit within an account for them and not a soul else.if you do last months rent instead of a deposit deposit then you do not hold to do an escrow account and interest.only because they leave untimely and don't give you 30 days awareness doesn't mean it will be glib to get a further month out of them.courts usually rule on the tenants side.once they are gone its better to of late let them jump.
Doesn't a buyer's broker hold equal aim as a seller's broker: to hold a home's selling price elevated?
Question:
My logic: a buyer's brokers is paid by commission as a percent of the home's selling price--just close to a seller's agent. Therefore, in practice, most buyer's agents won't really conduct yourself in the buyer's interest any more than a seller's agent would.
If I enjoy accurately assessed the situation, what practical solutions have buyers found (that a buyer's agent might accept) to circumvent that paradox, which (if unresolved) would definitely work against the buyer's interests?
Are different strategies workable in an FSBO setting versus a setting surrounded by which the home's seller have professional represention?
FYI: Your replies would be of greatest help to me if they be at least potentially applicable inwardly the state of Indiana.
Answers:
Actually, a buyer's broker has indistinguishable goal as a seller's broker: to supply a house quickly - the appropriate price is only lesser.
The logic of why a seller's broker isn't necessarily working in the best interest of the retailer goes approaching this: the broker is making only a percentage of the selling price, so an extra $1000 on the price really one and only nets the broker an extra $10 - $100. It if truth be told is to their advantage to trade the house quickly, even if it ability knocking a couple of hundred dollars past its sell-by date of their commission, so that they can get their money surrounded by hand and verbs to selling another home.
Not really much in the track of providing you with practical solutions, but I thought you might find that interesting.
Ok to a certain extent true that indeed a conflict of interest, using that logic, can arise. However the solution to that problem has historically be to create a fiduciary obligation between the buyer and the buyer broker surrounded by where the decree states that the buyer's best interest are paramount even to the broker. You can do this by creating an exclusive right to purchase agreement with a innkeeper. To research further those issues you might want to visit: http://www.realestateformnm.com/research...
Although contained by theory you logic holds muster, it doesn't work contained by the real world. As a buyer's agent, I want to gain buyer and seller to the closing table. The couple hundred dollars difference surrounded by commission isn't worth the aggravation of trying to get the buyer to bid high.
In FSBO, it is a different set of challenges. Typically, they want too much for their property and don't want to retribution for any inspections, appraisals or closing costs. They want a clean grant without contingencies. Penny perceptive, pound foolish. They want to make the most amount of money possible, next to complete disregard of how much it is costing them to do it. And when a Realtor represents one end of the transaction, the FSBO wholesaler typically expects the Realtor to handle the entire transaction and are incredibly difficult to work with. Challenging, suspicious, of late a PITA.
Realtors want properties sold- Period. Especially in a buyers bazaar when they have more listings than they know what to do next to. If anything the agent will work harder for the buyer than the seller of late to get a closing lower than their belt.
The Buyers Agent goal is to achieve the Buyer the best deal, the difference within your offering price and asking would only denote a few hundred dollars less surrounded by commission MAYBE.
I don't know what state your in, but within Florida I offer my customers, Buyer Rebate programs. If Buyer rebate are legal surrounded by your state, I recommend you find an agent that offers this, because these agents are usually not as money hungry. Normally you can receive atleast 50% of the Buyer Agent commission received on a purchase rebated spinal column to you at the closing table.
hope this helps,
SELL2K
I want to buy a foreclosed home but stipulation to select a lender?
Question:
do you know of a lender who is more lenient on the commission history, credit, etc? I would be more than willing to provide more than the asking down gift
Answers:
Good luck. If you're buying a foreclosed property then the sandbank (or whoever took it over) wants to gross sure you are 100% qualified. Unless you have a substantial down compensation, like at lowest 25%, then they probably won't approve the public sale.
Beware of Advance fee Loan scam.
DO NOT take any offer or click any links from people that post on this board... 99.8% of them are SCAMS.
my Advice: Don't operate with anyone from a foreign country and never use telecommunication transfer services..
http://www.ftc.gov/bcp/conline/pubs/tmar...
I agree 100% beside above be aware of scams. Try ditech.com the interest is elevated but they should work with you.
I would check beside local banks and check their mortgage programs. With so frequent lenders closing shop due to the sub prime loan crisis, banks enjoy some great programs and you can deal beside them directly instead of over the internet. Banks will typically look for 2 years in same procession of work, the mininum fico to do a mortage w/ a bank is 620, and they will look for at lowest possible 2 months reserves-(2months of mortgage payments) in your guard accounts or assets that you may have.
I found interesting information & option here. Good luck!
http://all-foreclosure-listings.blogspot...
This site has a Private Lender Directory that list over 800 Sources of Money:
http://www.order.wes-state.com/bs_shopda...
Free Articles:
http://mpoweryourself.com/finance/index.
http://mpoweryourself.com/mortgage/index...
How do I return with lolly rear when buying a house?
Question:
I'm first time buyer, the owner is asking $300k. My question is how do I attain cash rear legs from buying the house. Is it as easy as signing a serious newspaper which stipulates that they would pay me a unquestionable amount of money after the sale of the house? I would similar to to get at lowest $10k.
Also, I do have a concrete estate agent, but do I get him involved or not inform him about this house THAT I FOUND and work next to the owners real estate agent.I expect does it make a difference?
Thanks so much!!
Answers:
First rotten use your agent, because if you go directly to the Selles agent the just thing that does usually is give the Sellers agent a FULL commission instead of have to split it with your agent. You also want your best interests represented, not the Sellers.
Secondly I'm not sure what you exactly show by cash rear legs, but your closing costs will most likely be more consequently $10,000 anyway. But any money you want to receive from the Seller needs to be disclosed to the Lender generally.
So my suggestion to receive cash final from the Seller would be to ask for what's called a "Seller Concession" of 6% to give a hand cover closing costs, and any repairs needed in the purchase present. Some lenders will allow up to a 6% MAX "Seller Concession", other Lenders are more strict and will allow less, typically only 3%.
Keep contained by mind the house will need to appraise also.
hope this help,
SELL2K
Seller can't take funds at closing. watch out. Don't get into a bind. Some of these situations might give a hand.
work out a "decorating alowance"next to the seller
Rework the paperwork near an option
Have another being put in contract later assign to you for different amount
First, stick with your own agent if they hold done a good duty for you and you feel comfortable next to them. Second, instead of having them afford you 10k back after the closing why don't you own them pay 10k towards closing cost and preserve the money you were going to spend on that. Having a wholesaler give you money for buying a house could achieve really sticky not to mention it is considered an illegal inducement. If you plan on doing something shady conspicuously use their agent so they can keep it within house, having them work both side allows for a better unsystematic for you to bend the rules. (if that is what you really want to do.) Good luck
Bear within mind that the seller's agent has to work for the seller's best interest first and foremost. You won't carry a better deal this method.
You can't get dosh back at closing. But you can get hold of the seller to contribute to your closing costs.
What is the salesperson's total compensation?
Question:
salepeerson based on total comm. rewarded to broker. S/P receives 30%first 2500, 40%between 2500&7500, &50%any amount exceeding 7500. If the property sell for 234,500.00and the broker comm rate is 6.5 % what is the salesperson's compensation total .
Answers:
the broker recieves $15,242.50 commission the sales personality would recieve $6621.25 commission