Which areas contained by San Jose, CA is the Cheapest Rent?
Question:I just moved to San Jose and Santa Clara nouns, and I am just shocked at some of the prices for renting an apartment. I want a 1BR apartment lower than $800 if possible.Does anyone know if this is possible? If so, contained by which area should I look?
Answers:
Keep an eye on the listings at Craigslist http://sfbay.craigslist.org/ That is, by far, the best place to find rentals. You can query by price, so that's helpful. Anytime I've moved (or sold anything, or looked-for to buy furniture) I've used that website. Check the site frequently!
The odds of you finding a 1 bedroom apartment at that price are pretty slim, to impossible...but if you're going to find something contained by that range you'll feasible find it on Craigslist.
You're better off looking for a roommate (can also do that at one and the same site) if you want to keep within that price range.
Other Answers:
Not possible. Your best bet is to find a two bedroom place, get a roommate, and split the rent. Housing prices surrounded by the Bay Area suck.
Just read an article tonight sayin that San Jose is one of the top ten for individual expensive to live in.
http://biz.yahoo.com/special/luxury072006_article4.html
apposite luck in your search out.
Concerning 401ks', Can u canceal your 401k and put the money, down fee on a home & not be penalize?
Question:I have hear u can put your 401k money down as a down payment on a home purchase if it is the simply way to bring back into a home. Would u still be taxed on the money and penilized?Answers:
Keep your 401K money right where on earth it is. There are AWESOME 100% financing loans out there. A really upright real estate agent/mortgage professional will minister to you find a home with NO money down and even enjoy the seller paying the closing costs for you.
There are SO MANY tariff advantages to having a mortgage.
But alternatives is where on earth it's at--you may be able to give somebody a lift a loan out against the 401k money and pay it put money on to yourself. There are no penalties to this. Make sure you are working next to a GOOD mortgage professional before you verbs the money out and check with the company that holds your 401k to see how you can do that loan piece.
Good luck!
Other Answers:
Hello Dj,
I have be using the 401K loan strategy for myself and my clients for a long time. But pl. do not Withdraw the 401K. If you withdraw by cancel you will be subject to tax penalty. Not just that, it will be considered as a neediness withdrawal. One you hold a hardship bill you cannot continue contributing to the 401K again for atleast 2 years.
It is a great conception to just thieve a loan from 401K. If you are short of your downpayment you may want to consider taking a loan with a poorer downpayment, like a 0% down or 5% down.
As usual, you should consider your Tax Consultant, Financial Planner, Even Mortgage professionals (brokers / Agents) are typically terrifically helpful.
Source(s):
http://www.mtgprofessor.com/A%20-%20Down%20Payment/use_funds_in_401k_as_a_down_payment.htm
http://www.G00GLE.com/search?hl=en&q=401K+for+downpayment
Should I hire an unlicensed roofer?
Question:I finally found a handyman who has be great -- does a good career at a very acceptable price. However, he's unlicensed & uninsured...has his own little "business" next to little business cards and everything, but apparently not official within any way -- I doubt he would know the Florida Dept of Revenue's contact information, for example :).Anyway, he have roofing experience and I'm tempted to use him for some roofing repairs that our rental desparately requests. However, roofing is more dangerous than greatly of other repairs and couldn't I be held liable if he hurts himself? Is there anyway I could protect myself from liability within the event that he hurts someone or is negligent and someone else get hurt during the job? Perhaps a waiver or something? If you strongly recommend I steer clear of him for the roof, what exactly do I entail to see from a potential repairman (independent contractor) to be sure I won't be held liable?
Answers:
It's way too risky, you obligation permits for that type of repair and for City Inspectors to buy off the work done.
If you plan to deal in the house later, and you enjoy had work that be done without permit, you may have to own them redone, to in safe hands the sale. The buyer may hold a problem getting a mortgage to buy your house.
Then as you stated, roof repair, can be hazardous, and if he or a worker falls and gets injured, you may be up the creek.
For smaller job, he may just be the man, but for something as big as a roofing job. Go near licensed contractor, that way you at lowest have coverage and if the available job isn't done right, some recourse in court.
Other Answers:
Never use unlicensed repairmen, unless it's similar to a friend or neighbor offering a hand. If he's so dutiful at what he does, why isn't he licensed? Sounds pretty fishy to me.
I wouldn't use one that wasn't licensed and bonded. If you hire someone who's unlicensed and uninsured you run the risk of not have your roof done properly. Not only that, you will enjoy no recourse if things go wrong. IF something be to happen to him on your property he could sue you for any damages incurred. That includes loss of income if he get hurt. Pain and suffering costs. I'd be careful give or take a few hiring anyone not licensed if I were you. Lawyers don't come cheap.
I would not use him--period! If he hurts himself or your property, you are stuck with it next to a waiver or not. I would use him for simple things but nothing where on earth he can fall and hurt himself. My parents built a house a few years subsidise and their roofer fell of the roof and is now paralzed. He be insured and bonded and my parents had to do zilch but find another roofer.
NO WAY! He may be terrific but if something happens to him you could be held liable for ALL costs. Also, if in that is a problem with your roof that cause damage then on, and it is his fault, your insurance will make clear to you "No liscense? No coverage!"Source(s):
my own experience
NNOOOOOOO! Let me communicate you my experience: We don't have greatly of weather here, but we do ge a lot of high-ranking, intense winds. About 10 years ago, we have strong winds and we lost the roof of our home (it is insured). We thought we have hired the most reasonably priced individual for the labor involved. He even go so far as to give us a 25 year warranty on the roof. WELL, it's individual been 10 years, and I have to have a piece of that roof repaired, AAAANNNNDDD guess what? YUP! The man was no where on earth to be found. In trying to research him, turns out he was reported to the Better Business Bureau and to the local Police Dept. for defraud several individuals. I guess I was luckier than most, because at smallest I got the work done, although not as worthy or solid as he said that it was. I have to fork out another $3,000 to repair just a bit of that roof this year. This time, I took someone that was recommended by the Better Business Bureau. Hope you will swot up from my mistake! Good Luck! I haven't read question surrounded by detail, as far as u don't have allowed issues and if u trust the roofer, go ahead i guess
I am not in the state of Florida, but contained by California, a contractor should carry General Liability Insurance to cover a homeowner against third do bodily injury and accidental property blight. He cannot obtain this insurance if he is not a licensed contractor. As his employer, you may also be held liable for worker's compensation if he get hurt on the job.
Is this a TRUE question? Of course not!If you be criminally evicted by a innkeeper..?
Question:This landlord is bringing a legal representative to small claims' court, which I had no clue you could even do. Do you surmise I have a fortune without a attorney against him, with a attorney, if I have the proof within my hand?Answers:
An eviction is an actual lawsuit file in Superior Court, it is not a small claims grip. This is why lawyers are allowed.
Here's some common information:
There are a limited number of defenses against an Unlawful Detainer (eviction), assuming it's base on non-payment of rent:
(1) You rewarded the rent, on time, and hold a receipt or cancelled check to prove it
(2) You salaried the amount demanded in the 3 hours of daylight notice, inside the 3 day fanlight, and have a taking or cancelled check to prove it.
(3) The landlord adopt money from you, after the 3 days were up and you can prove it. This would negated the case and he would inevitability to start all over again.
(4) If the rent is unpaid due to habitability issues. For this defense, you would requirement to prove the following elements to make your suitcase:
(a) That you notified the proprietor of the problems, in writing and give them a reasonable amount of time to fix the problem. 2 Weeks should be more than ample.
(b) The problem is a serious and real threat to your condition or safety and not a simply a bind issue and that it is something the landlord is responsible for, not something broken or cause by the tenant.
(c) That you notified the proprietor, that the problem has not be fixed, after a reasonable time of year of time, and that are going to utilize the deduct & repair method to correct the condition or safety issue, giving them an additonal 48 hours to respond to your request.
(d) You must show that the work be actually done, that you in actuality did pay for it and that the amount deduct from the rent is no more than the cost of the repair.
Here is a common defense that DOES NOT WORK EVER:
(1) Excuses -- I lost my opportunity, got robbed, have family problems, etc... Your rent is due when it's due, excuses are no defense contained by a UD case.
Good Luck!
Other Answers:
Call HUD, they should hold some answers for you.
If you own the proof in your mitt you will be fine
the judge desires the facts only the facts it will not concern if it comes from a lawyer or not
if you are right consequently the lawyer is probably a terrify tactic
I dont regard the judge will be impressed too much by the legal representative.
why do you think the eviction is prohibited?
If the landlord desires you to go, why do you want to stay so impossible?
why not go live somewhere where on earth the landlord and you grasp along?
Source(s):
unbelievably bad tenant
It depends on why they evicted you , contained by NYC they have a department within the court that gives suggestion to those going to court without a advocate, check your local county court for more information. But if you have evidence it would not hurt you defence to use it.
Source(s):
Go here to read up on wronful eviction or do your own search next to your specific state and county
http://aolsearch.aol.com/aol/search?encquery=bdb2706295a499fd8606771eb7d155b36ff950bc4ee4401e&invocationType=keyword_rollover&ie=UTF-8 him disconnecting the water contained by order to get hold of you to move is called constructive eviction. if you don't retribution the rent, he can do this.
hope this helps!
Source(s):
Licensed Realtor within SC Your question is babble and gives those of us who desire to help you little surrounded by the way of legalized or relevant information. If he's taking you to small claims court, given that costs him time and money, chances are you are solitary giving your side of the story here. Since the Sheriff's Office or County Police evict people, unless he does it lawfully you can't be removed. He's doing it legally.
Cool it, and form your points without your inference. Make sure to tell us why he wishes you out without giving your inference on what he or she is doing. In this way someone can comfort you on yahoo.
California Tax Sales at auction?
Question:At a California Tax Deed Sale, how close to market worth to the properties normally turn for ( 20% under, 40% under)? Also, is it true that surrounded by california, the minimum bid starts from 50% of fair souk value or difficult?Answers:
there no due
How can I find started within buying foreclosures/hud properties in need plentifully of money save up?
Question:My husband and I would really like to get hold of into buying foreclosed, pre-foreclosed, and hud houses to flip them. The problem is- we already have a mortgage and individual have just about 10K in the edge. I've heard that you enjoy to have dosh to buy auctioned homes. Are there foreclosed homes you can carry a loan for? I'm just research about this so any proposal about how we can nouns this would be greatly appreciated.Answers:
Reality check. You can't.
You need access to funds, any your own or the bank or rugged money lenders. Houses cost money.
Your only other choice is to swing some owner financing deal, where on earth the owner is essentially your lender.
Other Answers:
I'd say be in motion to your library and check out the real estate sector. There are all kind of books on the subject. Read, Learn and go attain em!
I suggest you to flip your first house and use the profits to buy a another one and flip it again and keep doing it until you own enough to buy two houses.
You will enjoy to move from house to house for a while but eventually you will have adequate money to buy two houses (One to live and one to flip)
Obviously you need to focus on your first house for in a minute and pay adjectives the debt to the bank so you can flip it.
You cannot start a used motor business with $10,000.00 if you consider respectively car costs $2,500.00 tolerate alone a real estate business near each house costing more than $100,000.00
In some cases you will enjoy to pay more than $10,000.00 newly in legal representative fees, court fess, paperwork fees and many other expenses.
I suggest you to cut your current expenses surrounded by half and increase your current stash to $20,000.00
I also suggest you to open a brokerage commentary in Scottrade to invest within the Stock Market with the aid of a Portfolio Manager like myself or a Financial Advisor.
Top 3 Answerer contained by Business & Finance. (Vote for me)
Forget about HUD. It take all change and/or rehab work (unless you flip them). You can look at their property by following the links at www.hud.gov. Don't get me wrong, nice place to look for money, in recent times not with 10k.
As a trainee, I suggest you look into something called "assignable purchase picking contracts". Basically you locate and tie up pre-foreclosure property and then put on the market the contract for some amount of money. Depending on the negotiating, you can label anywhere from 5k to 100k per contract. I negotiate assignable purchase contracts for a 1 dollar option tax and then consent to the new buyer reimburse the owner off. You don't obligation credit or money (just a dollar to make it legal).
Once you seize around 100k (or whatever the average price to buy a loan is within your area) saved up, consequently you can use that money to get involved contained by something called "short sales" and sort even more money. This is the stage I am in. My subsequent step is to tie up commercial property and apartment buildings, but I like helping out nation, so I might just stay beside single family homes.
Good luck
Source(s):
California Licensed Real Estate Broker and Investor.
Can Landlord do credit check on potential Tenant?
Question:I'm in B.C. Canada and longing to do a Credit Check on potential tenants. They are a couple, one have never rented before (still at home) but have a responsible job, the other have rented before but cause damage contained by a previous dwelling (oil leak on carpet). The latter have just become a cadet Police Officer, so I'm assuming he is closely more responsible now. My problem is my sandbank was powerless to perform a credit check (despite recitation me they could over the phone). They stated a bureau would have to do it. The tenant presently appears unwilling to sign another form for a bureau, stating their uncomfortable near all their personal info "out there" and insisting that it isn't compulsory as they are trust worthy - "look at what we do" was a comment. Would you consider it basic to do one on this couple?Answers:
Yes, you absolutely can run a credit check on an applicant. You should charge them an application levy to cover your costs and have them sign the appropriate form, acknowledge that they are aware you are going to run a credit check.
If your applicants do not want to sign the form or have their credit run, they are probably hiding something from you.
NEVER EVER rent to someone beside a credit check.
Good Luck!
Other Answers:
If you state that it's required, yes, you can do a credit check.
Yes, I would do the check. I wonder if they are hiding something. YES, They can . They might also charge you per applicant. Ask since hand to store $$$ if you can bring a copy of a recent one
I can`t bear credit checks for housing... I can see the point if you've never rented before, but if you enjoy; I think your chronological rental history should do, it's not my prospective landlord's business whether I got my doctor bill salaried on time, adjectives that should matter to the manager is that I have salaried my rent on time and that I didn't verbs anything etc...that information can be gottten by contacting past landlords.
Also, everytime you allow a credit check to be done it have a negative effect on your credit. When you jump shopping for a new place to live, you look at several places in the past you find the one you want, then it's a dispute with whomever else have decided they want it too. It have the potential of multiple credit checks, multiple "paperwork" fees, add that to adjectives the rest. UG!
Source(s):
years of renting, years of moving.
Tax Deed Sales surrounded by California?
Question:I understand that surrounded by California, when you buy a property from a tax achievement sale, you straight own the property (unlike a tax lien sale). Now my give somebody the third degree is, I've read some places that for ONE YEAR, you can NOT get title insurance and nearby is a chance to lose the property due to an invalid Dutch auction or something. Please explain. Also, Does this mean you own to wait a year since selling the property?Answers:
This does not sound exactly right... but I'll help yourself to a stab...
You are buying a deed... so yes, you would enjoy ownership... not a claim against title like as surrounded by a lien purchase.
I can see what you are saying almost the one year period... essentially this is how liens work (although I'm not a title agent who would be capable of advise you better).
The more that I'm thinking more or less this... the reason that you will not know how to get title insurance is because you are buying an inferior creation type. You will probably have to dance through a process to cure any 'potential' defects to title. Like public relations ownership and intention to cure defects surrounded by newspapers through public distinguish.
But because other liens might be outstanding, and probably very possible, this is why you are not getting a Warantee deed. The defective creation type presents significant risk and their are to be likely other claims to title.
We live within Southbury CT. We are not handy. Do you meditate a condo is the best choice for us?
Question:Answers:
All previous answers are not without merit... But in that are two major points of consideration: 1. privacy---living contained by a condo is much like living within an apartment complex and if you have children/pets it could be a discomfort, 2. Resale value---normally condos do not command the same prices as comparable single clan homes. Single family homes within general vend for more and faster. Moreover, the money you will Be paying in care fees you can save for repairs and courtyard maintenance as needed. Besides, your kids/dog/cat will thank you for the backyard space. Invest contained by the best neighborhood you can afford...buy always thinking someday you will want to go. Good luck!
Other Answers:
A condo is really good because you do not hold to do a thing outside and at hand is less inside to step wrong.
Are you thinking roughly buying or renting?
If you are planning on buying you still have to verbs about continuation on the inside but as far as outside you are better off, trust me, I lately bought a house four years ago and the yard work alone is hell If you're buying, consequently you need to consider the running fee that you obligation to pay every month, even if you hold nothing to fix. Plus, you're not going to capture as much privacy as you want, because a condo is like an apartment; everyone lives close each other. However, if you're worried in the order of maintenance, a condo can be a well-mannered solution.
if one help out remodeling an apartment, would it be wierd to ask of lately a small % of trade price?
Question:If my guy cant pay me right very soon for my time but we work on this project, simple bbq tiled bbq island and overall small countryside work.. The area is selling for 250,000. Is one percent too much to ask for...
Answers:
Is your work worth $2,500? Did it bring the worth of the house up $2,500?
Yeah, it would be strange. I would submit a bill asking for the price you negotiated beside the stipulation is must be paid no subsequent than the close of escrow on the sale.
Other Answers:
let do the math 250,000 X 1% =$2500
i think 1 percent is a touch high.
but you can ask for return after the sale ( bring back it in writing) or a small percentage. Depending on where on earth this is, 750 to 1500 dollars sounds OK to me - but i am not anywhere close to an expert on this.
Either way, gain it in writing.
lately send him a bill and stop anyone greedy
How well do you know this personality? If it's a friend, be careful. Money isn't worth ruining a friendship. Also, how much time did you spend helping? It probably would hold been better to discuss the financial side previously you spent your time working on it. If it's a friend, I'd advise you to lurk a while and give your friend a luck to bring it up himself. If you spent a lot of time working and you deserve some compensation, conceivably your friend will realize it and offer to wages you something.
Wrong time. If you wanted to be rewarded you should have negotiate it up front.
annyone know a righteous group of ethnic group or org to return with involved within that works together buying and selling manor?
Question:Answers:
Well i know people who are specialised contained by stealing land:
USA
Israel
can't walk wrong if you join them lot
Our homeowners association is epidemic. We would close to to dismanle it. Any direction on where on earth to start?
Question:Answers:
If your HOA is being run by a outside f¨ºte check the contract and start calling the office to agree to them know that you will not be renewing with them unless they start to reshuffle immediately.
If it is democratically run, your vote is your voice. Go to respectively meeting and bring up equal points.
If they are breaching any part of their contract to be exact grounds for removal. A petition is also a good notion, but you have to enjoy all your ducks within a row and understand the authenticity of a petition because unfortunately the "what you meant" vs "what is says" go against you if the language is not legitimately binding. If you are not a lawyer the best rule of thumb is clear and short.
Other Answers:
capture every one to sign a petition
C-4?
Can I purchase a rental (investment) property beside an interest lone loan?
Question:Answers:
You sure can, I am a first time homebuyer & just bought a rental contained by the last 6 months( 2 homes). Both properties enjoy neg am loans, 20% down on each home, and I am not clearing the loan and taxes/insurance on the rental even on a neg am.
The sale price was 545K, my neg am settlement $1750, taxes $570 and insurance $75. I had 2 applicants to rent after sinking $10K to repaint and update the plumbing! I rented for $2200 a month including river, trash and gardner for about another $100 a month. The home is contained by a highly desirable Southern CA neighborhood next to custom homes with life-size yards and great curb appeal ( someday hope to exit my condo and move into the home). In hindsight I would vacate the investements to people close to DOnald Trump, prior to renting it was a full time post arranging the work to be done, 2 months to get rented ( another $5000 out of pocket loan payments) After I agreed to 2 small dogs, I found a zoo! 2 dogs, 1 cat, a small fish cistern, a turtle, and now a rabbit. Its exceptionally hard to see something you payment $500 out of pcket monthly , really get LIVED contained by by someone who isnt treating it like thier own home.
Other Answers:
Sure, and it might be enormously profitable for you, if you will be getting more rent from your tenants that you are paying on the loan. And even if you hold to fork out a little of your own money respectively month, the tax advantages will outweigh what you hold paid within. Just be sure to check the numbers very sensibly...your real estate agent should enjoy a program that will do that for you. And make sure you discuss beside a broker just what your plans are for the rental property...do you intend to hold on to it a long time and preserve etting income or do you hope to sell it shortly and profit from appreciation. (this is NOT a well brought-up time for that, unless you are able to obtain the property for way below its attraction.)
I am a commecial real estate broker near specific training in investment properties. While an accountant may recommend you to leverage as much as possible, 80% leverage is wiser than fully leveraged. The possibility is that your cash flow will not be adequate to over your taxes, insurance, common nouns maintenance, and set asides for repairs, costs of operation, debt service etc. You should put something down on it.
Most lenders, unless you are exteremely strong on your financial statement will require 15% or more as down payment, and for a basis. The lender is concerned about risk, as you should also be. The more you put down the lower the risk. Also, a down giving allows the lender charge a lower interest rate to you, because of the lower risk.
You failed to state what type of investment you are considering and why. Residential (apartments) enjoy a 25 yr cost recovery interval, commercial 39 yrs. Then there are tenant improvements and other things to be considered, resembling tax consequences and the state wherein you want to spawn the investment. States will also have assorted tax treatment. And you want an experienced broker to set your leases for max opportunity for nouns and happy tenant. Happy tenants equal no vacancies, which help your bottom line.
You involve more than the typical "real estate agent" that help you buy a house, you need somebody that concentrates on commercial investment property, and they will hold designations or will be working on designations such as CCIM, SIOR, but CCIM is recognized as THE brokers to want out. I am a candidate applicant of CCIM and working towards achieving the designation, hoping to sit for the final exam contained by the fall which is the final step.
Buying income producing property should be done next to the best qualified broker you can find. The money cost usually is built into the pricing of the investment you are The real proof of the broker of choice is contained by the fact that the broker have enough interest within their vocation to shift the extra steps and expense for the training to properly evaluate and advise you so that your purchase is a knowledgeable and profitable purchase. The cost otherwise is high risk of anticlimax.
I am happy to recommend a successful broker contained by your area if you similar to, just permit me know. Good luck and be smart!
Source(s):
Commercial real estate broker, working towards the CCIM designation and a interviewee member of CCIM.
Yes, Most investors resembling myself use negative am loans to produce the greatest return every month. If you located contained by California check out this website: http://www.firstmeridiancapital.com/content.aspx
Single mother of 5 is within serious entail!?
Question:Is there anybody out in that that can help me? I'm a mother of 5, who is individual evicted from the house that I'm currently renting and have no where on earth to go. I enjoy been eccentrically searching for Public Housing, or Subsidized Housing but I live contained by such a small area. I'm contained by Eastern Iowa, Cedar County, and everywhere I've looked there are really long waiting list for Housing. I've been actively seeking employment, but as of all the same, haven't found much. I've become so desperate and ordinarily am not one to ask for help. I own to have a modern place to move into by the end of May. I purely need SOMEONE to lend a hand me get posterior on my feet. PLEASE, someone, lend a hand me!Answers:
Other than finding a real estate attorney, I would recommend contacting the United Way of East Central Iowa.
Their phone is 8OO-332-8182, and their website is:
http://www.uweci.org/Agencies/default.asp
Other Answers:
look to see if their is a women shelter around ur nouns it should help seeing u r contained by dire need of assistance
Hi, I don't know if this will backing, but I will pray that everything will work out well for you. Prayer is the best article that I can do for you and your kids.
Have you tried to talk to your innkeeper and make some type of pocket money arrangement? Most landlords will help out if they can.Do you achieve any type of Social Assistance? If not have you contacted them to see if they can give support to you? You have five children does their dad not clear support? Try contacting a local politician they will generally steer you surrounded by the right direction to help you out somehow.If adjectives else fails ask some inherited if you can stay with them until you can carry on your feet.It must be tough have to take keeping of five children and work I really feel for you but try these suggestions and hopefully you will win some help somewhere
what are the requirements if moving a mobile home onto arrive within naches,washington(yakima county)??
Question:Answers:
The land MUST be zoned for manufactured housing.
If the landscape hasn't been developed, you will inevitability to put in access bad the road, a well, and a septic.
Also budget for the costs surrounded by moving & setting up the mobile home at the new lot.
Other Answers:
Check near the county Code inforcement. They would probably have to inspect anyway.