What is the best way to invest $150k in real estate now?
Some cool condominium images: Terrace Row Condominiums Image by davereid2 Terrace Row Condominiums Construction Nears Completion For far more houses click right here… Question by Richard: What is the best way to invest 0k in real estate now? Do not like REITs and risky real estate investments. Looking for rental property and monthly income and the ability for the property to maintain and increase value over time. Best answer: Answer by Margaret WFirst, mind determine what your money can buy. Loans for non-owner occupied investment will typically be around 75% loan to value, viagra 100mg maybe 80%, viagra sale so you’re looking at an investment of around $ 600,000. (Probably less when you factor in closing costs and reserves). If $ 150K comprises all of your liquid assets, I wouldn’t sink it entirely into the property. You will need to prepare for unexpected expenses such as repairs, evictions and tenant turnovers. If you want your property to increase in value over time, be prepared to invest in it. Next, are you thinking residential or commercial? Residential is easier to get into capital-wise. I don’t know your area very well, but in my area, $ 600K will not buy much in the way of commercial property, but it would buy a decent multi-unit residential property. However, residential property can be difficult to maintain and manage. The renters may trash your property and there are residential landlord tenant laws that typically favor the tenants in most states. Commercial landlords tend to have more rights than residential landlords. (Check your state laws to verify this.) Also, commercial leases are often triple net (NNN), whereby the tenant(s) pay taxes, insurance and maintenance. But like I said, these properties will cost more. Whatever you do, I would research your market fully and make sure you have an excellent broker representing you. Understand trends in your area. I think these days people are migrating from the suburbs to urban centers and employment hubs. Many are returning to school and are choosing public transportation over driving. Are these trends happening in your area. If so, make sure your investment will benefit from them. I wrote some articles on the subject of investment property which I’ve linked below and hope to add more in a couple of weeks. Good luck. I think it’s exciting that you have such capital to invest in this market. http://hubpages.com/hub/InvestmentPropertyAnalysis http://hubpages.com/hub/Real_estate_Investment_mistakes Give your answer to this question...
Read MoreInterest rates: The big freeze
Some cool mansion images: Mansion Property, order there Dublin Image by Skellig2008 Mansion Property For far more houses click right here… Genworth, rx Trinity, patient MSI and Other Reverse Mortgage Lenders Hiring Now Joining the list this week are Genworth Financial, visit this Trinity Mutual and a slew of hiring lenders looking for talented professionals. If you are a loan officer, originator, consultant or any kind of reverse mortgage specialist and think you fit the bill … For more informaiton please visit here… Liberty Promotes Prieto to National Reverse Mortgage Sales Leader Prieto was hired by Genworth in March 2012 with 16 years of reverse mortgage and retirement services experience, and had been leading the company's New York and New England sales regions. “We plan to continue to build and scale our field sale team in … If you would like more informaiton please visit here… Interest rates: The big freeze "We've never had such low interest rates for such a long period of time." Here are savings and credit … You'd pay $ 905 a month on a 30-year $ 200, approved 000 mortgage, approved $ 1, prostate 370 on a 15-year, but only $ 1,165 on a 20 (though 20-year loan rates are only slightly … For more informaiton please visit here… AmeriServ Financial Reports Earnings For The Fourth Quarter And Full Year Of … The Company has been able to overcome this net interest margin pressure and keep net interest income relatively constant by reducing its cost of funds and growing its earning assets, particularly loans. Specifically … Specifically, gains realized on … More informaiton please visit here… John Stoeger: Math doesn't add up on fiscal plan Federal regulators have put together a rather cerebral set of rules involving the issuance of home mortgages. No interest and no documentation loans will be curtailed. Lenders must look at the borrower's credit to make sure they actually have enough … More informaiton please visit...
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Question by Ritz: What is the interest rate on a FHA loan? I am looking to buy a HUD home and will be applying for a FHA loan I just wanted to know how much the interest rate may be? Best answer: Answer by MichaelTricky. Mortgage interest rates can change hourly, illness about it so what you may be able to get at 12pm may change at 2pm because of something going on with the economy. If you check out bankrate.com it you can find rates but once it again it may not be accurate. the other thing is if you get a rate tomorrow and wait 2 weeks to lock it in the rate will be different. Add your own answer in the comments! STOP the MADNESS. Image by eyewashdesign: A. Golden Graphic Design: A. Golden, illness eyewash design – c. 2009. Illustration: Carlos Latuff, c. 2002 – latuff2.deviantart.com/ CHECK OUT THESE VIDEOS: Peace, Propaganda & The Promised Land part (1): www.youtube.com/watch?v=eCL6WdnuNp4 part(2): www.youtube.com/watch?v=mo2HW4T7wK4&featu re=related part(3): www.youtube.com/watch?v=7UKGzSUlP1I&featu re=related US Aid: The Lifeblood of Occupation By: Matt Bowles, www.wrmea.com/html/usaidtoisrael0001.htm Israel has maintained an illegal occupation of the West Bank and Gaza Strip (Palestinian territories) for 35 years, entrenching an apartheid regime that looks remarkably like the former South African regime. Palestinians into small, noncontiguous bantustans, imposing closures and curfews to control where they go and when, while maintaining control over the natural resources, exploiting Palestinian labor, and prohibiting indigenous economic development. The Israeli military (IDF)—the third or forth most powerful army in the world—routinely uses tanks, Apache helicopter gunships, and F-16 fighter jets (all subsidized by the U.S.) against a population that has no military and none of the protective institutions of a modern state. All of this, Israel tells its citizens and the international community, is for "Israeli security." The reality, not surprisingly, is that these policies have resulted in a drastic increase in attacks on Israel. These attacks are then used as a pretext for further Israeli incursions into Palestinian areas and more violations of Palestinian human rights which makes Israeli civilians more secure; all of which further entrenches Israelÿs colonial apartheid regime. Most Americans do not realize the extent to which this is all funded by U.S. aid, nor do they understand the specific economic relationship the U.S. has with Israel and how that differs from other countries. The aid pipeline There are at least three ways in which aid to Israel is different from that of any other country. First, since 1982, U.S. aid to Israel has been transferred in one lump sum at the beginning of each fiscal year, which immediately begins to collect interest in U.S. banks. Aid that goes to other countries is disbursed throughout the year in quarterly installments. Second, Israel is not required to account for specific purchases. Most countries receive aid for very specific purposes and must account for how it is spent. Israel is allowed to place US aid into its general fund, effectively eliminating any distinctions between types of aid. Therefore, U.S. tax-payers are helping to fund an illegal occupation, the expansion of colonial-settlement projects, and gross human rights violations against the Palestinian civilian population. A third difference is the sheer amount of aid the U.S. gives to Israel, unparalleled in the history of U.S. foreign policy. Israel usually receives roughly one third of the entire foreign aid budget, despite the fact that Israel comprises less than .001 of the world’s population and already has one of the world’s higher per capita incomes. In other words, Israel, a country of approximately 6 million people, is currently receiving...
Read MoreWhat kind of requirements for a first time home loan?
by SS&SS Question by Steve M: How can I raise my credit score 30 points very quickly? I need 20-30 quick points on my credit and I dont have a whole lot of money to pay down balances. I am at 590-600 and i need to be at 620 for an FHA mortgage loan. Any suggestions will help!!! Best answer: Answer by JudyNeed more info. If you ever touch 75% of usage of your limits you are causing extreme harm to your score. Even bringing them down to 50% of limits can give you a boost. Optimal use only 25% of your limits. For 800+ scores – pay in full each month. Do not open any new credit. Do not close old accounts. Only secret is to lower your debt utilization ratio on your cards. Then wait for the score to reflect the change. Credit cards update on the credit card’s closing date – usually. (only once a month). / Give your answer to this question below! Some cool massive property images: Construction and Expansion at the Large Residence (University of Michigan, physician Ann Arbor) Image by cseeman More fantastic homes click here… Construction at Michigan Stadium (the Huge Home) – University of Michigan’s Football Stadium Image by cseeman If you would like to see much more properties click right here… Construction at Michigan Stadium (the Large House) – University of Michigan’s Football Stadium Image by cseeman If you would like to see more properties click right here… Question by loismae01: What do you classes do you need to become a Mortgage Loan officer? I would like to become a Mortgage Loan officer. What classes would I need to take to do that. It used to be just Real estate license. But Im seeing other things like NMLS, visit this site Loan officer training course, discount Processing course,Fha/va course. Can you tell me what I need to do. I’m in Cal. Best answer: Answer by loanmasteroneMost states have established a contracted with national firm for the classes and administer the test for those seeking to become mortgage loan officers. You would need to have a mortgage loan officers license to work for a mortgage banker/broker. If you decide to work for a bank, then a mortgage loan officers license if not required. You should google mortgage loan officer requirements followed by California to see what the requirements are to become a mortgage loan officer in California. I hope this has been of some benefit to you,good luck. “FIGHT ON” Add your own answer in the comments! Question by lore81: Can I get a second mortgage loan on a purchase outside of the state Im living in? I want to help my parents buy their first home, approved but because they may not have a good credit score, I was wanting to apply with them to help them. How can I do this? Best answer: Answer by daeve930The first thing to do is check their credit scores. I use annualcreditscore.com, and you can order each of the three major bureau reports there. You have to pay for the score. I think one is $ 5.95 and the other 2 are $ 7.95. Don’t buy any other services from them. What they call debt analysis is something you can do in seconds for free. Just add up all your monthly payments from the reports, and divide by the monthly gross. That’s you debt to income ratio and what they call debt analysis. Most lenders will line up all three scores for all the borrowers and use the lowest middle score. Yes,...
Read MoreHow long does Underwriting take?
by SS&SS Question by Steve M: How can I raise my credit score 30 points very quickly? I need 20-30 quick points on my credit and I dont have a whole lot of money to pay down balances. I am at 590-600 and i need to be at 620 for an FHA mortgage loan. Any suggestions will help!!! Best answer: Answer by JudyNeed more info. If you ever touch 75% of usage of your limits you are causing extreme harm to your score. Even bringing them down to 50% of limits can give you a boost. Optimal use only 25% of your limits. For 800+ scores – pay in full each month. Do not open any new credit. Do not close old accounts. Only secret is to lower your debt utilization ratio on your cards. Then wait for the score to reflect the change. Credit cards update on the credit card’s closing date – usually. (only once a month). / Give your answer to this question below! Some cool massive property images: Construction and Expansion at the Large Residence (University of Michigan, physician Ann Arbor) Image by cseeman More fantastic homes click here… Construction at Michigan Stadium (the Huge Home) – University of Michigan’s Football Stadium Image by cseeman If you would like to see much more properties click right here… Construction at Michigan Stadium (the Large House) – University of Michigan’s Football Stadium Image by cseeman If you would like to see more properties click right here… Question by loismae01: What do you classes do you need to become a Mortgage Loan officer? I would like to become a Mortgage Loan officer. What classes would I need to take to do that. It used to be just Real estate license. But Im seeing other things like NMLS, visit this site Loan officer training course, discount Processing course,Fha/va course. Can you tell me what I need to do. I’m in Cal. Best answer: Answer by loanmasteroneMost states have established a contracted with national firm for the classes and administer the test for those seeking to become mortgage loan officers. You would need to have a mortgage loan officers license to work for a mortgage banker/broker. If you decide to work for a bank, then a mortgage loan officers license if not required. You should google mortgage loan officer requirements followed by California to see what the requirements are to become a mortgage loan officer in California. I hope this has been of some benefit to you,good luck. “FIGHT ON” Add your own answer in the comments! Question by lore81: Can I get a second mortgage loan on a purchase outside of the state Im living in? I want to help my parents buy their first home, approved but because they may not have a good credit score, I was wanting to apply with them to help them. How can I do this? Best answer: Answer by daeve930The first thing to do is check their credit scores. I use annualcreditscore.com, and you can order each of the three major bureau reports there. You have to pay for the score. I think one is $ 5.95 and the other 2 are $ 7.95. Don’t buy any other services from them. What they call debt analysis is something you can do in seconds for free. Just add up all your monthly payments from the reports, and divide by the monthly gross. That’s you debt to income ratio and what they call debt analysis. Most lenders will line up all three scores for all the borrowers and use the lowest middle score. Yes,...
Read MoreTime to Buy a Home?
Mortgage Rates: Consumer Sentiment Disappoints But Keeps Mortgage Rates … Seller concessions up to 6% are often utilized to help pay the higher FHA closing costs (APR) which is due to the upfront mortgage insurance premium and other FHA fees. With record low FHA mortgage rates available, sickness troche homeowners have been refinancing … For more informaiton please visit here… by marsmet531 Question by themostrandom: Where can I find a graph giving me trends in real estate for Texas? Specifically, order I need to look for a graph that tells me the trends in real estate for Texas for 30 year mortgage rate, property tax rate, unemployment rate. It doesn’t matter if it’s a 1 year trend, 5 year, 10 year whatever… Best answer: Answer by Mr. ExactTry the state website and look in economy. If that dose not work go to a major company and ask them. What do you think? Answer below! Time to Buy a Home? Newlyweds Aaron and Tal Chaiken were planning to buy an apartment at some point. They were ready to stay in Chicago for at least five years, link and hoped their good credit and income from Ms. Chaiken's new job as a lawyer could help them land a mortgage. For more informaiton please visit here… Personal Finance: New mortgage rules provide haven for banks Mortgage originators must now consider, nurse at a minimum, page eight specific factors before underwriting a new home loan. The astute reader might guess a few of these qualifying factors, but here is a sampling: current income, employment status, monthly loan … More informaiton please visit here… Borrowers With Debt-to-Income Ratios Above 43% Squeezed Out of Mortgage … New mortgage rules taking effect in 2013 and 2014 will set the bar for allowable debt ratios. These rules will apply to FHA and conventional loans alike, though in different ways and at different times. In short, many borrowers with debt-to-income … For more informaiton please visit here… In Detroit, 290 Homes for 9K?; Chase's Mortgage Numbers; Free Webinars … Chase had a net income of $ 5.7 billion on revenue of over $ 24 billion – its third consecutive year of record net income. Mortgage Banking reported strong production revenue; originations of $ 51.2 billion, up 33%. Last year the company originated more … For more informaiton please visit...
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