Thursday, March 24, 2011
Your questions about replacement property
Michael asks…Abandoned Property Rights in California?Ok here it is. I bought a TV via Amazon. It arrived damaged. The shipper stated he would have UPS pick it up and have a replacement sent. I received the replacement in good order but the original damaged set was never picked up by the shipper or UPS. At what point in time does the item become abandoned property in California? Am I responsible to contact the shipper and tell them their product is still sitting in my home or is that the shippers responsibility? I know that when UPS
Wednesday, March 23, 2011
Your questions about like kind exchange rules
Charles asks…Are there finance forums/discussion groups on which I can ask finance questions?Are there finance forums/discussion groups on which I can ask finance questions?
Question Details:For example, I often needs to ask about various valuation techniques in corporate finance, and sometimes questions on some accounting rules, etc. I also wanted to ask about how to use what we learned from textbook to explain the real-world financial practice, etc. I would also like to ask about the relation between GDP, exchange rate, interest rate, all
Question Details:For example, I often needs to ask about various valuation techniques in corporate finance, and sometimes questions on some accounting rules, etc. I also wanted to ask about how to use what we learned from textbook to explain the real-world financial practice, etc. I would also like to ask about the relation between GDP, exchange rate, interest rate, all
Your questions about relinquished property
Nancy asks…Several properties are on the name of my grandfather in revenue records. What is my right in those?1. My great grandfather inherited the property from his father and mutated the same on his name in all revenue records in 1910's.
2. During the life time of my great grandfather, my grandfather and his brothers executed unregistered partition deed and divided the same property and mutated the share of each one in all revenue records by submitting the partition deed to Tehsildar in 1943. Note that my greatgrandfather also was given a
2. During the life time of my great grandfather, my grandfather and his brothers executed unregistered partition deed and divided the same property and mutated the share of each one in all revenue records by submitting the partition deed to Tehsildar in 1943. Note that my greatgrandfather also was given a
Tuesday, March 22, 2011
Your questions about replacement property
Donna asks…My old property manager is trying to charge me for the carpet.?My old apartment property manager in California is trying to charge me 550.00 for replacement of the carpet. I now live in Texas. When we turned in the keys we did a walk through and she found some nicks and a small hole in the wall and she said it was dirty and need to be clean. It was going to be 110 for cleaning, 25 for the hole 45 for the paint touch up. It was fair and i was fine with that so me and my wife signed the paper that had all the areas that need work. I
Your questions about investment property
Joseph asks…I own a house with 130,000 equity in it. Best way to buy an investment property without selling this one???I would like to buy an investment property using the equity in my present home,without having to sell my present house as it's in an up and coming area. Any advice would be much appreciated.admin answers:Re-mortgage your own home to raise the deposit on a buy to let place. Mind you, beware of those tenants out there. You cant tarr them all with the same brush, but loads are con artists. Struggling with one at the
Monday, March 21, 2011
Your questions about relinquished property
Carol asks…A question about children and guardians need legal knowledge?So I am writing a book and I need some help about laws regarding a parent relinquishing/ transferring custody to someone unrelated to the child. And about money left to a child when a parent dies. Here is a little information about the story.
A 13 year old girl's mother dies, and leaves her daughter around 70 thousand dollars, a house and a car. The girl's father was never married to the mom, and is currently married to someone else and living in another state. He
A 13 year old girl's mother dies, and leaves her daughter around 70 thousand dollars, a house and a car. The girl's father was never married to the mom, and is currently married to someone else and living in another state. He
Your questions about like kind exchange rules
Betty asks…Does thinking hurt????????I KNOW MANY PEOPLE WOULD RATHER NOT SPEND TIME THINKING ON A CRITICAL LEVEL SO PLEASE IF YOUR NOT INTERESTED IN BELIEFS (OR LACK THERE OF) BEYOND YOUR OWN PLEASE MOVE ON TO THE NEXT QUESTION THANX.
I'm not here to brainwash anybody..i think we're all quite brainwashed enough but in my opinion it doesn't matter what you believe because by nature the more righteous one is the happier more humble and fulfilled one is. I think despite the seemingly ceaseless ignorance, on this same planet there is stunning
I'm not here to brainwash anybody..i think we're all quite brainwashed enough but in my opinion it doesn't matter what you believe because by nature the more righteous one is the happier more humble and fulfilled one is. I think despite the seemingly ceaseless ignorance, on this same planet there is stunning
Sunday, March 20, 2011
Your questions about investment property
Lisa asks…Should my parents not buy a investment property?I work in a telemarketing job, and i try to book appointments for negative gearing, investment properties.admin answers:depends on the area they are thinking about. Not in Cal, Florida, Nevada, Arizona, Colorado, Michigan, Ohil, ILL. in fact there aren't many areas that you should be buying right now. Wait 2 to 3 years for this real estate crisis to work itself out.Mandy asks…Are there any tax breaks on selling investment property below market value?I have an investment property
Your questions about 1031 exchange
Paul asks…Capital gains and 1031 exchange?I am currently renovating a home that is NOT my primary residence. I bought the house as an investment. I wanted to fix it up and sell it right away (flip) but taxes will hurt my profit greatly. Im trying to find new and crative ways to avoid taxes.
If I were to sell the house im renovating and use a 1031 exchange to buy another property and make that house I buy my primary residence and live in that house for 2 years and sell that house, will my capital gains be tax free? Or will they look
If I were to sell the house im renovating and use a 1031 exchange to buy another property and make that house I buy my primary residence and live in that house for 2 years and sell that house, will my capital gains be tax free? Or will they look
Saturday, March 19, 2011
Your questions about investment property
John asks…Buying investment property and tax deduction?I am planning to buy an investment property, like a new condo, and to rent it out in the future when it is built.
My question is if I borrow money to pay for the down-payment for the new condo and it will not be completed at least for a couple of years, then can I deduct interest for the money I borrowed for down-payment as it is not generating any income yet?
Thank youadmin answers:The quick answer is yes it is deductible, but because it is considered a soft cost the actual cost
My question is if I borrow money to pay for the down-payment for the new condo and it will not be completed at least for a couple of years, then can I deduct interest for the money I borrowed for down-payment as it is not generating any income yet?
Thank youadmin answers:The quick answer is yes it is deductible, but because it is considered a soft cost the actual cost
Your questions about replacement property
Laura asks…Replacement of Gas Mains UK?Our gas supply is being replaced and the company responsible are making one heck of a mess. Does anyone know who is responsible for cleaning up the mess they make? They seem to have the absolute right to do anything they like to your property including digging up the vehicular access and making a patchwork quilt of the road, private drives and pavements. We've paid a lot of money to make our house look nice and these people show no respect at all.admin answers:I ran into that here (Philippines) over
Friday, March 18, 2011
Your questions about 1031 exchange
John asks…Does this qualify as a 1031 exchange?My wife and I are selling a two-family home, one unit in which we have also lived for the past seven years. We plan to purchase a one-family home. Our capital gains will be about $400,000. We plan on using this gain as the down payment for the new house. Is this considered a 1031 exchange? Will the sale of the two-family home be considered just capital gain because it is our primary residence?
Any help is greatly appreciated.
Thanksadmin answers:You do not qualify for a 1031 exchange in this
Any help is greatly appreciated.
Thanksadmin answers:You do not qualify for a 1031 exchange in this
Your questions about relinquished property
Lizzie asks…Which word would best fit in this sentence?Instead of trying to _____ the support of the student body, we must earn it be showing our sincerity and ability.
options:
admonish- caution or advise against something; to scold mildly; to remind of a duty
commandeer- to seize for military or official use
diffuse- to spread/scatter freely or widely; wordy, long winded, unfocused, scattered or widely spread
efface- to wipe out; keep oneself from being noticed
muddle-
options:
admonish- caution or advise against something; to scold mildly; to remind of a duty
commandeer- to seize for military or official use
diffuse- to spread/scatter freely or widely; wordy, long winded, unfocused, scattered or widely spread
efface- to wipe out; keep oneself from being noticed
muddle-
Thursday, March 17, 2011
Your questions about replacement property
Ken asks…I moved in to a newly renovated home and 3 weeks later the kitchen cabinet on the wall simply fell off?All the dishes, bowls, serving bowls, trays, etc broke. The cabinet missed hitting me by inches because I jumped out of the way. The property manager told me to deduct the cost of the replacement from the rent, which I did. The landlord sent a letter saying he would allow less than half of the amount since it was standard insurance practice to pay for the value at the time of loss and not replacement value. Is he responsible
Your questions about replacement property
Betty asks…Real Estate Question, Value of a Property?You are valuing a 100,000 square foot office building. The replacement cost new is $125 per square foot. The building is situated on a small site with a land value of $1,500.000. The building was constructed 10 years ago and has an effective age is six years. The remaining physical life is 59 years and the remaining economic life is 29 years.
What is the value of the property?
I think the Value is 14million$ but what do I do with the ages? Thanks in advanceadmin answers:without your
What is the value of the property?
I think the Value is 14million$ but what do I do with the ages? Thanks in advanceadmin answers:without your
Wednesday, March 16, 2011
Your questions about like kind exchange rules
Susan asks…How do I let go of an amazing girl that liked me a lot but now will not even answer me at all? ?We met over 9 months ago at a function and I was really taken by our special time but thought it was just me because I figured she was out of my league. I saw her again soon after and it seemed that there was some sort of chemistry but I could only hope that we would meet again. What happened next was like a fairy tale! I was browsing a site where I had left a 'wink' to someone who looked nice, got a reply- It was her! We exchanged lots
Your questions about 1031 exchange
William asks…If you own half of an investment property in your own name, can you do a 1031 exchange?I guess we'd technically be tenants in common...
I guess I was thinking that my partner and I would 1031 at the same time. Or that we'd sell and I would 1031 and he would do whatever he wanted with his half.admin answers:Yes, but very few people want to become partners with someone that they don't even know. Why don't you try to sell your half to your current partner, or both of you sell out?
-------------------
Yes, both you and your
I guess I was thinking that my partner and I would 1031 at the same time. Or that we'd sell and I would 1031 and he would do whatever he wanted with his half.admin answers:Yes, but very few people want to become partners with someone that they don't even know. Why don't you try to sell your half to your current partner, or both of you sell out?
-------------------
Yes, both you and your
Tuesday, March 15, 2011
Your questions about investment property
Betty asks…Investment Property?I bought an investment property somewhere in the Northeast in 2004. I took out a 80/20 loan and the interest rates on both loans is quite high. Both loans are 7 year ARMs.
Worse, I believe that because of the recent pull back in prices, I might owe more than the house is worth; maybe $30,000 more. I don't know for sure. I am also collecting rent which pays the mortgage for now but anyone who has dealt with tenants knows how painful it is sometimes.
I have been thinking about one of these options:
1. Put the
Worse, I believe that because of the recent pull back in prices, I might owe more than the house is worth; maybe $30,000 more. I don't know for sure. I am also collecting rent which pays the mortgage for now but anyone who has dealt with tenants knows how painful it is sometimes.
I have been thinking about one of these options:
1. Put the
Your questions about replacement property
Helen asks…What mountain bike would be best to buy in bulk?Want to buy 25+ bikes for a 400 acre property in BC. Its hilly but will mostly be for getting around the property so nothing too strenuous. Want something that will be cheap for replacement parts and solid enough to take wear and tear for a few years. Price is a concern but since I have no real sense of cost at this stage I'll leave it open to suggestions.
Any help would be much appreciated!admin answers:If the bikes are a part of the attraction then you really can't afford
Any help would be much appreciated!admin answers:If the bikes are a part of the attraction then you really can't afford
Your questions about like kind exchange rules
Mark asks…Prom Help ASAP!!!!!!?So alright, I've got a dilema. I met this guy last week in a store. We hit it off, exchanged IMs and hung out this weekend. He's pretty cool, but is a little weird. I'm a little off as well..so it's kind of balanced. The only thing is, he's a little loud and gets excited and I don't know if my friends will like him. I know, I know, It doesn't matter what they think but--I don't want to have a bad time at prom. The money is due tomorrow, and I need to make my decision fast. I know this isn't something I should
Monday, March 14, 2011
Your questions about replacement property
John asks…The rental problems: should I pay the replacement?I finished my rental lease two months ago.
The property manager sent me a letter one month later. The letter said I have to pay penalties a lot. As they said, the floor of kitchen and bathroom were replaced, since the floor is tort and too dirty to clean. And they also sent me one picture. In my opinion, the floor is not tort, just a little bit dirty, and could be cleaned. What should I do in this case?
I have several questions:
1. How to determine whether the floor need clean or
The property manager sent me a letter one month later. The letter said I have to pay penalties a lot. As they said, the floor of kitchen and bathroom were replaced, since the floor is tort and too dirty to clean. And they also sent me one picture. In my opinion, the floor is not tort, just a little bit dirty, and could be cleaned. What should I do in this case?
I have several questions:
1. How to determine whether the floor need clean or
Sunday, March 13, 2011
Your questions about like kind exchange rules
Susan asks…What are the J1 Visa Possiblities?Hi everyone!
I am on a J1 Exchange Visitor Program right now for 12 months and I am not subject to 2Year rule and I have Multiple Entry on my Visa. And my contract/Visa will expire on march 2009. What do you think will be my best way to extend my stay here in the US?
1. I am currently doing some research of the companies that might sponsor me. (but seems so difficult because of what's happening with economy here. Any ways you can share? Like sites to go or processes to do?)
2. Also, might take
I am on a J1 Exchange Visitor Program right now for 12 months and I am not subject to 2Year rule and I have Multiple Entry on my Visa. And my contract/Visa will expire on march 2009. What do you think will be my best way to extend my stay here in the US?
1. I am currently doing some research of the companies that might sponsor me. (but seems so difficult because of what's happening with economy here. Any ways you can share? Like sites to go or processes to do?)
2. Also, might take
Your questions about replacement property
Paul asks…Is this the type of world the Far left wants? Violent riots and destruction of private property?http://news.yahoo.com/s/ap/20070303/ap_on_re_eu/denmark_clashes;_ylt=AuPwo_55ZeoyIctBvfvV1iXMWM0F
Unbelievable... Attacking private property and demanding the government give them a replacement building for a building they had stolen in the first place?
Is that what the far left wants? Violence if you oppose them? I thought the left is about peace and understanding... Obviously that's a lie.
And obviously the far left does not study
Unbelievable... Attacking private property and demanding the government give them a replacement building for a building they had stolen in the first place?
Is that what the far left wants? Violence if you oppose them? I thought the left is about peace and understanding... Obviously that's a lie.
And obviously the far left does not study
Saturday, March 12, 2011
Your questions about investment property
Mark asks…Please advice of a HELOC lender that allows stated income documentation for an investment property?I am trying to make a deal work. It is a HELOC (or we can do a fixed second) but he is self employed and needs to go stated doc. Also it is an investment property. Any idea of lenders?
692FICO - 80% CLTV - Investment Property - Stated.admin answers:ove 680 he could go stated! both options should be considered and proced out for you
try i did my refinance thru them and they beat my best estimate!
i highly recomend them! still lots
692FICO - 80% CLTV - Investment Property - Stated.admin answers:ove 680 he could go stated! both options should be considered and proced out for you
try i did my refinance thru them and they beat my best estimate!
i highly recomend them! still lots
Your questions about relinquished property
David asks…What Great Socialist Spoke these words ?It is a moot question whether the origin of any kind of property is derived from nature at all. It is agreed by those who have seriously considered the subject that no individual has, of natural right, a separate property in an acre of land, for instance. By a universal law, indeed, whatever, whether fixed or movable, belongs to all men equally and in common is the property for the moment of him who occupies it; but when he relinquishes the occupation, the property goes with it. Stable
Friday, March 11, 2011
Your questions about replacement property
Charles asks…Where do I find a form for my neighbor to sign that he agrees to the replacement of a fence between our properHe has verbally said that he is willing to pay half of the cost, but does not have the funds right now. I just want to make sure that he does not later say that he didn't agree to the fence. I am willing to wait until he sells the property to collect paymentadmin answers:just state what is agreed upon in a printed letter. both parties can then go to a notery to witness signing of the agreement.Betty asks…Insurance
Your questions about 1031 exchange
Jenny asks…If I buy a property on a 1031 exchange, can I sell it in one year?In addition, during this year, I will have my son paying me monthly payments (principal & interest). At the end of this year, I will sell the property to my son at the new market value. Will my son be able to write-off the interest that he pays for the first 12 months on his taxes?admin answers:Why don't you get an accountant?Linda asks…How does a 1031 exchange work?I have some money in a 401K and some other investments and I would like to purchase real
Thursday, March 10, 2011
Your questions about investment property
Richard asks…cpaital gains on investment property to be demolished in 2 years?we are planning to buy an investment property, but demolish the house in the next 2 years and build a primary residence on it. Do I need to pay capital gains when we are moving in even if we donot claim negative gearing on it.admin answers:You wouldn't owe capital gains until you sell it and then the gains would be offset by any improvement you make.John asks…Where can I get a home equity line of credit (HELOC) on a condominium investment property?I own a
Your questions about replacement property
Charles asks…on renting property,has any one been not accepted because they have a lawsuit on being hurt ,in car accident?a rental agent droped us, just because i had a law suit and had a hip replacement due to the accident, and i was suieing for a broken hipadmin answers:In CA, lawsuits can affect everything from renting to employment because we are the lawsuit capital of the world. Whether or not your lawsuit is justified or not, simply is irrelevant. The thought process is that if you sued once you'll sue again, and we don't want to be
Wednesday, March 9, 2011
Your questions about like kind exchange rules
George asks…Why is she doing this? PLEASE HELP!!!?I showed in certain ways that I like her without verbal exchange. Now, I found out she is a social butterfly and most likely does not likely. We had been friends for years, and our families are friends. Now, I do my best not to hold a conversation with her because of my personal rule of not spending too much time with girls that play with emotions. She comes up to me each time she sees me and says hi. I just say hi back and walk off or small talk for a short time. I also. She seemed to be
Your questions about relinquished property
Mandy asks…Short selling our properties?Me and spouse are looking into short selling two properties we own in California in a area hit hard by the down fall of the realestate market. (Modesto and Madera)
I am currently traveling overseas so I am not able to deal with this personally. According to the spouse, a Banker suggested that I give the spouse permission to sell it on my behalf. So today I was emailed a document entitled. "Interspouse Transfer Deed". (I checked the typed portion of the document indeed the transfer would occur to my
I am currently traveling overseas so I am not able to deal with this personally. According to the spouse, a Banker suggested that I give the spouse permission to sell it on my behalf. So today I was emailed a document entitled. "Interspouse Transfer Deed". (I checked the typed portion of the document indeed the transfer would occur to my
Tuesday, March 8, 2011
Your questions about replacement property
Charles asks…what can't you do after a total hip replacement?I a 57 years old and have never had a health problem. Now due to intermittant pain when working around my property and driving my sports car, I am told my right hip needs to be replaced! I would like to hold off. Pain meds have not helped measurably. Thanks, in advance, for your replies.admin answers:There are three main precautions after a total hip replacement that remain in place for at least 3 months after surgery in order to prevent dislocation...this is provided that the
Your questions about replacement property
Daniel asks…Am I liable for the entire cost of carpet replacement?I recently moved out of my apartment. The property manager is charging me for the cost to replace the carpet. I subleased this apartment from another tenant two years ago. I was also informed I was the fourth person in a row to sublease this unit. This means the property manager has not been in for basic cleaning and maintenance in 5 years. Am I liable for the full cost to replace the carpet?admin answers:A friend of mine rented a house with old carpeting to begin with.
Monday, March 7, 2011
Your questions about investment property
Thomas asks…i have an investment property to be forclosed in California. can bank come after my primary residene?i can't pay for the investment property mortgage anymore. so it will be forclosed.
can the bank come after my primary residence in california?admin answers:Investment property is full recourse, you have to pay the money back. They can only attach a lien to your house, they can not seize it. They can seize other rentals, your bank accounts, your income tax returns and garnish your wages, but no, they can't seize your primary
can the bank come after my primary residence in california?admin answers:Investment property is full recourse, you have to pay the money back. They can only attach a lien to your house, they can not seize it. They can seize other rentals, your bank accounts, your income tax returns and garnish your wages, but no, they can't seize your primary
Your questions about investment property
Donald asks…Can you have LLC set up as a property manager for investment property?I'm curious if you own a rental investment property under your individual name, can you have your LLC set up as the property manager and hence provide the protections of the LLC. Bascially, the renters would sign a lease to the LLC, and the LLC would "pay" you the individual.
Trying to leverage the protection of an LLC but since it's difficult to purchase under an LLC, you would have the house under your own name.admin answers:Not difficult at all. Quite
Trying to leverage the protection of an LLC but since it's difficult to purchase under an LLC, you would have the house under your own name.admin answers:Not difficult at all. Quite
Sunday, March 6, 2011
Your questions about relinquished property
Charles asks…Is this a fair immigration policy?1. To immigrate to our country you must be able to speak the common national language.
2. To immigrate to our country you must be a professional or investor. No unskilled workers are allowed. Investors must invest a minimum of 40,000 times the daily minimum wage.
3. There will be no special bi-lingual government programs. No bi-lingual programs in schools, no special ballots, no government business will be conducted in any language except the common national language.
4. Immigrants will never
2. To immigrate to our country you must be a professional or investor. No unskilled workers are allowed. Investors must invest a minimum of 40,000 times the daily minimum wage.
3. There will be no special bi-lingual government programs. No bi-lingual programs in schools, no special ballots, no government business will be conducted in any language except the common national language.
4. Immigrants will never
Your questions about like kind exchange rules
Charles asks…Wow, GREAT answers for my last question, so another family Q?Hi. I just got some great answers on a question about a terrible relationship with my mother.
My question now is about my own skills. My husband and I have decided to host an exchange student for a year starting this summer. She is 16 and seems wonderful through email and phone calls.
I want to do the best job possible, but had a terrible mother as an example. I feel that I am kind and responsible, but would like advice an ways to ensure that I do the "host mom" thing
My question now is about my own skills. My husband and I have decided to host an exchange student for a year starting this summer. She is 16 and seems wonderful through email and phone calls.
I want to do the best job possible, but had a terrible mother as an example. I feel that I am kind and responsible, but would like advice an ways to ensure that I do the "host mom" thing
Saturday, March 5, 2011
Your questions about investment property
Chris asks…How can I withdraw 401K with Penalty or taxes to purchase investment property?I would like to withdraw funds to purchase and investment property from my 401k. the 401K is with an old employer. What is the best way to get the funds without being penalized or paying taxes? Someone told me to transfer to an IRA account. Is that true?
OK, I am 35 and married.admin answers:No.
There are no exceptions to paying the tax.
There are a few exceptions to paying the 10% penalty but this is not one of them.
The same goes for IRAs.Robert
OK, I am 35 and married.admin answers:No.
There are no exceptions to paying the tax.
There are a few exceptions to paying the 10% penalty but this is not one of them.
The same goes for IRAs.Robert
Your questions about replacement property
Carol asks…I am trying o close on a home that is in need of a roof replacement.?I am on a tight dead line and do not have the time to get a estimate of what a new roof would cost so I was hoping someone in the Rochester, NY area recently had a roofing job done. The property is a 1750 sq ft colonial in need of a complete tear off and an asphalt replacement. Any quotes would be gladly welcomed so that I can reach a medium and have a better idea of the cost.
Thank youadmin answers:Don't guess. Get on the phone and get an estimate in WRITING
Thank youadmin answers:Don't guess. Get on the phone and get an estimate in WRITING
Friday, March 4, 2011
Your questions about 1031 exchange
Mandy asks…Can I use the 1031 Exchange if im selling one property for a higher value property? Im buying in incriments?Like if I sell a property worth 20,000 and buy two properties with that money one for 5,000 worth 10,000 and one for 15,000 worth 30,000 can I do the 1031 exchange if im getting my assets from tax sale auctions and buying in incriments like that?admin answers:quick answer yesKen asks…Can two home owners submit a 1031 property exchange if the properties are geographically separated?I'm buying a house in New Mexico and a
Your questions about like-kind exchanges
Robert asks…I understand that it's possible to sell commercial real estate and do a 1031 Exchange investing into a REIT?What are the steps you need to undertake to effectuate such a transaction? Is this any different than any other "like-kind" exchange? Or am I misinformed about the ability to do such an exchange? Any guidance or referrals to websites would be appreciated.admin answers:Check out the site I included in the resource box and see whether it would help you. It has info on commercial real estate that might be related to your
Thursday, March 3, 2011
Your questions about replacement property
Robert asks…Is a replacement of a fence tax deductible on a rental property?I recently rented out my old house, and replaced a wire fence with a 6ft board fence. My question, is the fence a tax deduction?admin answers:It's capitalized and depreciated. It's not a repair as t replaced an old wire fence.Charles asks…Accidental damage at work - Do I have to pay for replacement / repair?If an employee accidentally damages company property, In my case a rather expensive vanity unit, Is the cost for a replacement down to the employee or
Your questions about investment property
Richard asks…What is the type of loan called that you used for investment property?For investment property you don't usually get mortgages, but you get a different type of loan. What is the name of that type of loan? Thanksadmin answers:For flipping, investors would avail themselves of a *hard money loan*.Michael asks…I own an investment property that is now inhabitable. What are my options to stop losing money?Due to the neigboring unit's overflooding, my unit flooded causing major mildew damage. The property is inhabitable and the area
Wednesday, March 2, 2011
Your questions about relinquished property
Ruth asks…In dispute over fence and property line?My neighbor came to my door and blasted me about putting things on her property. She claimed when she bought the house next to me in 2007 that the surveyor told her that her property went up to my house and I had a zero lot line. She was VERY rude. I asked to see her survey and she nodded that she would show me. The neighbor on the other side of me put a fence from the back fence to the front fence - the original fence only went to the back of his house as did mine and the neighbors on
Your questions about relinquished property
John asks…What TX law prevents private businesses from seizing personal prop. and holding it until a fine was given?Excluding the fourth Constitutional Amendment, what Texas or federal law prevents the seizure of personal property by a private organization that requires a fine to relinquish the item back to the owner?admin answers:Fines can only be imposed by courts, not by any private entity.Mandy asks…What rights do I have as an animal owner in regards to limts?The town in which I reside is trying to pass an ordinance restricting
Tuesday, March 1, 2011
Your questions about replacement property
Ken asks…Is a property owner liable for theft or damage of personal property?A property management company in my town has tenants sign a lease that prohibits tenants from storing bicycles inside an apartment building they manage. They provide outdoor bicycle racks and for tenants a secure indoor storage room monitored by video.
Aside from the lease there are no signs in, on, or near the building stating that bicycles are not allowed in the building. However, the apartment managers quickly inform you that bicycles are not allowed inside
Aside from the lease there are no signs in, on, or near the building stating that bicycles are not allowed in the building. However, the apartment managers quickly inform you that bicycles are not allowed inside
Your questions about investment property
Joseph asks…Wondering what is the best way to finance an investment property?For an investment property (not to live in) should I use a home equity line, traditional fixed rate 30 year mortgage or something else. Let's say I want to hang onto it for maybe 10 years....admin answers:I would not take out a HELCO on my residence for any reason. Do not invest unless you have 20% cash down payment then get a 30 year traditional fixed. If you hang on to it for 5 years it will be worth it.
Good luck!!!George asks…How much equity needed to
Good luck!!!George asks…How much equity needed to
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