aimhigh1184 asked:


When I turn 23 I am going to be making about 80-90k in a health care profession. I want to save about 140k in 2 years so that I could buy a 2 family house and rent it all out so that I could buy the mortgage more efficiently without having much of a loss. But the two family houses around my current is about 500k. I don’t want to buy a new 2 family house far away from my old one, I actually want to buy a new house in the same neighborhood near my old house. I already have a house which my parents are going to give me so I would rent this out also and get a profit of about 1.5k. Do you think I would be able to buy my new two family house when I am about 25? Please give me any advice. Thanks.

aimhigh1184 asked:


I got accepted into a Physician Assistant Program for Undergraduate. I know that they make about 80-100k if I go into surgery. I would be 23 when I get my BS and Masters in Physician Assistant. I am thinking of saving money for two years and buy a two family house in my area for about 500-600k, since two family houses are expensive and get money off the rent when I am 25. Then I would use my previous house which my parents would give to me and convert this to a two family house and make a profit since the rent income would be higher than the mortgage(this is for the first house). But I am actually wondering more about buying my second house. I want to gain lots of money off the rent from my two houses so that I could buy a luxurious one family house when I turn about 32 after saving lots of money and then living a nice life. What do you think? Please give me any advice. Remember, I really want to use real estate as a big asset to me. Thanks.

richard_lee_boyd asked:


I want to move to TN (Smokeys) but my support (family and friends) are in the Piedmont of NC.
I would like to build houses or fix them up
The Tax rate is extremly high in NC and the property is extremly high too.
and I am just starting out with little capital to work with
OH what to do……………………………

REEMPIRE888 asked:


To make long story short, I’m facing a possible foreclosure on my first primary residential property in California. It’s a money purchase loan and it has never been refinanced. Due to the current California laws, I’m protected under what is called “anti-deficiency” law meaning once the bank foreclosed the property; they are not allowed to come after me for the balance that didn’t satisfy the loan balance after the sale of the auction. I want to be sure that my small personal assets are shielded from other unseen circumstances so here’s my question: I purchased a small residential parcel lot back in 2003 at a fairly cheap price in California using an owner financing agreement and it will be paid off next month. The grant deed will then be transferred onto my name and gets recorded with the county. What are the best strategic ways to transfer the title to me without the possibility of losing this property in case I get sue. The current value of this parcel lot is at around $45k. I don’t

sfrazier31 asked:


The Dun & Bradstreet paydex score is above 80, and company has been in business for 5 years. Personal credit is strong (700+) but thats what we’re trying to stay away from. I know about LLC and personally guaranteeing it that way. Just wanted to know if it was possible under a corporation. A lot of companies out there brag and boast about being able to do it but in the end never come through. I know how the game works for Trade credit and cash credit and was able to obtain the financing, just need to know the real estate side now. Any answers/help would be greatly appreciated

heather_chavous asked:


I’m 30 years old and I make a decent salary. I’ve been renting forever, and everyone keeps telling me I’d be better off to buy a house. So, I’m considering it.

But when I sit down and calculate what my monthly expenses will be with a mortgage, it seems I’ll have NO “free” money left. All of my money will go to bills!

How do you single homeowners do it? Are you broke all the time? Did you take in a roommate? Do you work 2 jobs?

I know other single homeowners who make less money than I do, and they seem to be doing OK. But I don’t want to seem nosey and ask them about their personal finances.

Ideas? Suggestions? Thanks!
I’m looking in the $100-$125K price range for a home…nothing fancy by any means! There’s not much around here for less than that, unless it’s a complete dump that would be better off bulldozed to the ground.

It’s not that I can’t afford the mortgage, but I just don’t want to be totally covered up in debt and have nothing left after paying the bills. I know people do it all the time, and they’re just fine. It just seems like it doesn’t look good on paper…?? I don’t know, I think I’m confusing myself now LOL.

LTC asked:


My lender disclosed a personal financial matter with my realtor without my approval. I don’t mind my realtor knowing the matter, but the fact the lender discussed it with her before she discussed with me really ticked me off. Is it normal for them to discuss a buyers’ finance matters?

Happy day asked:


This is just a simple personal finance survey. If you add up all the points from each of the following 20 questions you get, what is your score?

1. Do you own a house? Yes 2 No 0

2. If you are not owing a house, do you pay rent? Yes 0 No 2

3. Do you have a job? Yes 3 No 0

4. Have you been working over 10 years? Yes 1 No 0

5. Do you have savings? Yes 3 No 0

6. Do you have loans (Student/Car/other….)? Yes 0 No 2

7. Do you pay off credit card bill every month? Yes 1 No 0

8. Do you have kids? Yes 0 No 2

9. Are you retired? Yes 0 No 1

10. Do you have good credit score (over 740)? Yes 1 No 0

11. Do you have a medical insurance coverage? Yes 1 No 0

12. Do you have vacation at least once a year? Yes 0 No 1

13. Are you receiving any kind of government financial aid/ welfare? Yes 1 No 2

14. Do you have a retirement fund (IRA/401K)? Yes 1 No 0

15. Do you have more than one income source? Yes 2 No 0

16. Do you have any kind of investments (Store, fund, jewelry, gold….etc). Yes 2 No 0

17. Do you invest in stock market? Yes 1 No 2

19. Do you have a college degree? Yes 1 No 0

20. Do you receive any kind of financial support from you family member? Yes 2 No 0

Kier asked:


I do NOT need listing services like craigslist. I need information about insurance requirements, setting up personal finances to account for rental income, tax implications, etc.

randy asked:


Relative has home I’d like to purchase . Credit is bad. Lived with for 2 yr