Hello, here is my plan, looking for some info or some unforseen problems.
I just sold my house and used some of the profit as a 20% down payment on my new house. I plan to put the remaining profit into renovations and modernization of my new property and then rent it out. before i rent it out i plan to get a home equity line of credit on the new value of the home and use that line of credit for a down payment and renovations on a second home. once the second home is completed renovations i plan to once again get a home equity line of credit on the new value of the second home and put it towards a down payment and renovation of a third house and so on and so on for a 3rd and 4th ect….untill the property market in my area booms ( i am positive that it is coming ) and at that point sell all the properties i own at the height of the realestate boom. Before you answer please take into account that the rental price for the properties will be sufficent to pay for the mortage and pay off the line of credit i have borrowed against the house.
any comments, advice, concerns ect. would be appreciated
thanks
February 20, 2010
Renting Out My House?
I Need A Contract Between A Realestate Office And Myself To Do Property Management. A Partnership Contract?
What percentage should the realestate office get and should I charge for my time working on any property. I need help puting a contract together to start my property mamagement division of this new realestate office and I know very little about property managment.
Experts Say The Us Dollar Is Going To Go Bankrupt In 5-15 Years. Is This True?
If this is true, then how will this effect realestate investing , or stock investing? Should we put our money in oversees company`s?
February 19, 2010
What Is The Difference Between A “cottage” And A “bungalow”?
I’m looking for the current, popular meanings of the words as they are used in North America, Great Britain, and in the Repuplic of Ireland. In architecture and in realestate there seems to be some distinction. For examples: an architecural photographer has two seperate books; 500 Cottages , and 500 Bungalows; and IOL realestate has “cottages” and “bungalows” under seperate listings. What is a modest one family home… a cottage, a bungalow or something different ….???
fl first time home buyer – Weber 721001 smokey mountain – Diet Lose 10 Pounds – Sony HT-SS2300 – tropical fish tank – Website Promotion – landscaping chandler – Reduce Blood Pressure – Moonshine Recipe – cheap all inclusive holidays
February 17, 2010
Now That The President Has Caved On The Bailout Bill For The Realestate Speculators And Banks Whats Next?
do the dems smell blood in the water will they try to ram more welfare down Bushes throat with very little force like they did this time. will DC get state hood now! how about stemcell research. Man this guys going left real fast.
February 11, 2010
So For How Much Will The American Political Realestate Be Going For?
Now that corporations have unlimited access to influencing government, how long before china, Saudi Arabia, Russia, and EU pipeline their agendas through the corporations, of their prospective countries.
a) 1 years (congress)
b) 3 years (presidency and congress)
c) 5 years (congress )
d) 8 years (presidency and congress)
e) ?
By the way, you can thank republicans for putting America up for sale to the international community. America will now be expected to tap dance to the tone of the highest bitter. Now it is officially a whore.
Get ready people, because the New World Order is upon us. And republicans have put them on the drivers seat.
We used to have statesmen,
then they became politicians,
now they will become prostitutes.
February 8, 2010
Realestate Lng Island Ny And Upstate Ny?
Is it cheaper to find land in Eastern Suffolk County Long Island Newyork and have a builder build a small $150,000 house for me?Because i can not afford an expensive house.Can this be done in UpState Newyork as well?.Is the land very expensive?How can i find land prices?
What Cities Give The Best Return On Realestate Investment?
I know right now is a bad time for the price of a house, but does anybody know what city (cities) give the best return when buying a house in a normal market?
February 5, 2010
Do You Think We Are Given To Much To Keep Us Dumb?
I look around this little chunk of realestate called North America, and I see that “we the people” have been given everything we need to keep us from becoming inovative. It seems that no one has a real need to make things that could make the easy life we live in, even easier. If you want to realise why society wasnt obese in the old old days , then just picture this world without fossil fuels and electricity….imagine the world if it went through a magnetic pulse where every mechanical and solid state, man made invention, that was dependant on electricity to operate, right down to a simple digital wrist watch or solar powered calculator,was no longer of any use……we would be free….., then I think about that statement for a second and grin. We would still be owned by our governments like always. Peace
February 2, 2010
How Do You Become A Realestate Investor?
I would like to know how do you get a list of forcloseures and tax lein properties available. i would also like to know what is the best way to work with finances through a bank or a mortgage company.
What Is A Realestate Website For Malibu, California?
I am from Sydney, Australia so I have no idea about real estate sites for Malibu.
I eventually want to save enough for a beach-front or near-enough-to-the-beach house.
Can anyone give me a price range (PLEASE STATE IF AU OR US DOLLAR, like : U$ or A$)
Or a website.
Thanks!
Bless
Ichiban.
February 1, 2010
What Do You Think About The 5 Best, Cheap Places To Live?
Spokane, Washington, liberal
Modestro, California, liberal
Ogden-Clearfield, Utah conservative
Fort Collins-Loveland, Colorado, liberal
Greeley, Colorado, liberal
http://finance.yahoo.com/real-estate/article/107357/where-to-Live-cheaply.html?mod=realestate-buy
Can I Write Off Closing Costs On Investment Realestate?
If I purchase realestate, (residential duplex) to rent out for investment purposes, can I write off the closing costs?