Archive for the ‘Renting & Real Estate’ Category.

What is the average electricity bill for a family living in a single residence in Texas?

Family
collie_brawny asked:


I realize this number varies depending upon many factors, like whether you have central air conditioning and all that, but I just wanted to know some rough numbers. My family is considering moving over to Texas (near Houston area) and wanted a idea of what to expect for a single family.

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What banks can finance a single family residence under 600 square feet?

Family
maganda asked:


Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the bank already accepted my offer. Thanks.

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How do you make the conversion from single family residences to multi or apartments?

Family
alex G asked:


I have single family homes and condos that hopefully in the future will give me a good chunk of capital gains. But what do I do next? Do I buy a duplex or fourplex? Or do I purchase an apartment building? What is the fastest way to become financially free. Which investment duplex or fourplex or an apartment building? What is the blueprint.

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How do you get a loan on a converted four family to a single family home?

Family
curious K asked:


I am trying to buy a single family home that was once a four unit building. The zoning was never changed. How can I get a loan on this since the owner seems at a loss?

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Family Property ?: Can lot be offered to different parties with different conditions?

Family
CheapTravel Admin asked:


A piece of property in our family has been offered up to a buyer outside the family at an unknown price. The family has been told they can offer on the property as well, but only if they also buy the owner out of their share of a different property as well. Is this legal and can anyone point me to any references?

Thank you!

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What are the pros and cons for buying a 2 family house with another family member?

Family
sunflower asked:


My sister and I each own our own places and she has asked me to buy a 2 family home with her as an investment. The house needs some work but it is in a nice neighborhood near a train station and stores. Would you do it? Should we start a corporation before we buy it? What are the pros and cons? We can claim a lot of expenses we have with the house on our taxes? Thanks

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What is the best family friendly neighborhood in Maryland to own a home?

Family
mintylove asked:


My husband and I live in New York with our 3 year old son. Living costs are expensive in NY and was considering looking for affordable homes in Maryland next Summer 2008. Trusting real estate agents are tough because they are not fully honest. By other people’s experience, please let us know of any city/neighborhood in Maryland that is family friendly (schools, parks, shopping centers, best home locations near families w/ children). We didn’t want to visit a location with high crime rates as we are experiencing that now in New York City. Thanks for any help you can give us! : )

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What’s the best way to buy a 3 family home for investment property?

Family
James H asked:


I’m 19yrs old second year in college, I have a income of $48,000 a year and I want to purchase a 3 family home for investment property. I have approximately $5,000 dollars with a credit card debt and $10,000 in savings and I’m living in the state of New Jersey. If not a 3 family, what is the best real estate investment for me at this time?

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