I am intersted in purchasing some apartments. The Price is 355000 for eight units. I have a credit rating of 654. The property is multi zoned commercial and residential. The property is appraised at 455000 (according to seller). For a 15 year loan the payments would be around $3000. The rent at full ocuupancy is 6200. I only have around 10000 for a down payment. Is it possible to get a loan? maybe a SBA secured loan.

Rent Back

Do you have to pay council tax (Edinburgh) if you live in a flat but don’t actually pay any rent? And if you don’t have to pay, is there a max time you can do this for?

Real Estate Professionals

can we have addresses of letting agencies that will accept people in our case.give us ideas and opinions. thanks

Rent Back

I live in an apartment building and the air conditioning unit leaks every time the a/c is turned on. The pan is fine and the repair man can’t figure out where it’s leaking from. What seems to be the cause of the leak?

Sell House Quick

ive just agreed to rent out an apartment that is currently being renovated, it is having everything re-done includuding the kitchen. We needed somewhere right away and agreed to take before it was done (risky i know) but now we are worried that we wont get anything at in as they said it was unfurnished.

We know it will have an oven, but should we expect a fridge and washing machine? is that a minimum requiremen? is there any legal minium?

Quick Property Sale

they buy your property about 10-15% cheaper than the market value,with the option of you renting it back- do you think these companies are dodgy. I am in the process of selling my flat to one of these people, not to rent back, just because i want to get rid quick, but i am worried i am going to get stung- has anyone got any stories to share?

Real Estate Professionals

I’ve been approached by a trades person who did some work on the flat for me, asking if he could rent the property. As the property is my principal property (and the only one I own) would I be liable for income tax and are there any other changes I need to make like insurance, mortgage etc And is it really all worth it, as the maximum rental income I could make would only just cover mortgage, but as I live rent in my work’s accommodation anything towards paying the mortgage would be great. Any help or suggestions would be great. Rupert Scotland.

Sell House Quick

I am moving out of my apartment. No deposit was required when I moved in but I hear that the company charges greatly for the smallest of problems left behind. I’ve kept my apartment in good shape and plan to steam clean the carpets, repair nail holes, etc. However, I’m worried about being charged for things beyond my control such as aging, peeling wallpaper, and old grout that needs to be recaulked. Any tips to avoid charges after I move out?

Repossession

You know how some credit cards have cashback bonuses for purchases? I want to find a way to do that for my rent… But writing cash advance checks don’t count towards this, and my landlord doesn’t accept credit cards. Does anybody know of a checking account program or billpay system that would give cashback rewards on paying my rent?

Passive Income