Archive for April, 2009
We purchased a new home, moved out of the old house, rented the old house and then put it on the market. We also rented it for 380 less than our mortgage payment. It sold 6 months later. How will this affect our taxes if we add it as an invvestment property. Should we even bother having it as an investment property?
Im interested in trying to get a house though I dont know anything about property, mortgages & everything else. Truth is I dont know where to start so my question is how do I begin on the property ladder. I dont have any major savings & I do agency work most of the time so my income varies all the time.
Would I need to get a full-time job? Im finding it difficult to pursue my creative work without working part-time. Is there some good reading on this subject that can help? Im 40 so I need to get out of this renting situation. I live in London alone & it’s costing me a fortune for very little. Many thanks.
I was just wondering, approximately how large is the Property Service Connection that leads out of the house? The Property Service Connection is the pipe that goes from your house (it’s essentially the main drainage pipe that leads out of the house, from the sinks, bathtubs, toilets, etc.)
So does anyone have an approximation of how large the diameter is?
I want to buy a house in a couple of year so I want to research it now. If I were to buy a house today I want to know what Connecticut towns offer a better property tax rate then others especially in south eastern Connecticut. Also do certain things raise or lower the tax? Or even if anyone knows where I can find this information.
I own a 4-plex with a friend of mine in Minnesota, in an area that is still in “transition”, but is starting to be developed. We don’t live in Minnesota, and have had a LOT of challenges keeping the property going, due to excessive inspections (lead based paint, fire, etc.), problems with tenants, etc. If we sold the property outright, right now, we would not be able to recoup our losses. We would like to attract a developer to the property, which is slated for redevelopment which has already begun, in order to be able to break even on our “investment”. We have lots of ideas ourselves for what a developer could do. Should we start our own website for the property, and then place an ad in the local finance and commerce magazine, to attract developers? Would it help to share our ideas with developers? The county and city were going to send out a joint “request for proposal” to developers for the property on either side of us, but have decided to wait.
What financial obligation does property Tax lien investors have during the 1 year redemption period?
I am a real estate investor, but need to use property managers because of my primary job. They charge a standard 10% of all rents collected plus 1/2 of the first month’s rent for leasing. One charges 10% of money expended for repairs and rehabs, unless I call them myself. Another has stated that this is illegal in FL.
If it is illegal, can you reference which FL Statute covers this? Thanx.















