May 2008
Monthly Archive
What should a person expect when purchasing a foreclosure home?
Posted by admin on 21 May 2008 11:42 pm. Filed under Renting & Real Estate.
What are the reqirements to be a real estate agent? Do you need some sort of license to sell houses?
Posted by admin on 20 May 2008 10:47 pm. Filed under Financial Services.
Do real estate agents get paid on only commission or is there a salary as well?
Posted by admin on 19 May 2008 6:59 am. Filed under Other - Careers & Employment.
Julia M asked:
I am looking into changing careers and do have an interest in real estate. Does anyone do this for a living or know if real estate agents get paid a salary at all or if everything is solely based on commissions from selling a house.
I am looking into changing careers and do have an interest in real estate. Does anyone do this for a living or know if real estate agents get paid a salary at all or if everything is solely based on commissions from selling a house.
What is the current national foreclosure rate?
Posted by admin on 18 May 2008 8:54 pm. Filed under Renting & Real Estate.
Laissez-Faire Guy asked:
I keep seeing in the news that foreclosure’s are up XX% in the last year. What they never say is what the foreclosure rate actually is. I mean if it’s up to 4% from 3%, that’s a dramatic 33% increase, but it also means that there are still 96% of people still paying their mortgages.
I keep seeing in the news that foreclosure’s are up XX% in the last year. What they never say is what the foreclosure rate actually is. I mean if it’s up to 4% from 3%, that’s a dramatic 33% increase, but it also means that there are still 96% of people still paying their mortgages.
How does foreclosure affect my credit if a divorce follows?
Posted by admin on 18 May 2008 2:05 pm. Filed under Renting & Real Estate.
jen t asked:
My husband and I are looking at a possible forclosure. He wants to give the house up. I want to keep it. We have enough money to make payments now, but he wont agree to pay the mortgage company. Our relationship is already on very shakey ground and in danger of collapse. My concern is if we split, how will a foreclosure affect my ability to find a place to live, get a job, buy a car, or just get credit? He is the one with the income, I have been a stay-at-home mom for 22 years.
My husband and I are looking at a possible forclosure. He wants to give the house up. I want to keep it. We have enough money to make payments now, but he wont agree to pay the mortgage company. Our relationship is already on very shakey ground and in danger of collapse. My concern is if we split, how will a foreclosure affect my ability to find a place to live, get a job, buy a car, or just get credit? He is the one with the income, I have been a stay-at-home mom for 22 years.
If I claim to be a real estate professional for tax purposes, is my income subject to FICA?
Posted by admin on 15 May 2008 2:55 pm. Filed under United States.
capn bob asked:
I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. If I make a profit from my investments, am I subject to FICA taxes on that income? Is there a downside to claiming real estate professional status?
I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. If I make a profit from my investments, am I subject to FICA taxes on that income? Is there a downside to claiming real estate professional status?
Whats the best way to acquire my parents home before it goes into foreclosure?
Posted by admin on 14 May 2008 6:14 pm. Filed under Renting & Real Estate.
happycamper3071 asked:
Their home is worth $200.000, they owe the bank about $200,000 . They would lose money on the sale, so they are considering walking away and foreclosure. They are spending almost $2000.00 a month in mortgage paymens, and they could only rent it for $1300 a month. Any ideas on how I could keep the house or help them without foreclosure?
Their home is worth $200.000, they owe the bank about $200,000 . They would lose money on the sale, so they are considering walking away and foreclosure. They are spending almost $2000.00 a month in mortgage paymens, and they could only rent it for $1300 a month. Any ideas on how I could keep the house or help them without foreclosure?
How does real estate get divided in case of an unmarried couple?
Posted by admin on 14 May 2008 1:18 pm. Filed under Renting & Real Estate.
How do you get a local real estate investment club to learn about your house for sale?
Posted by admin on 13 May 2008 5:07 am. Filed under Renting & Real Estate.
music zone asked:
I have a house for sale at an excellent price, no realtors involved, and want real estate investors to take note. How can I persuade the person in charge of our local real estate club to distribute my e-mail regarding my property? They get solicited all the time, I’m sure. I already e-mailed my property offer and photos to the generic property investment club e-mail address, is this enough? Will they distribute it to all of their members?
I have a house for sale at an excellent price, no realtors involved, and want real estate investors to take note. How can I persuade the person in charge of our local real estate club to distribute my e-mail regarding my property? They get solicited all the time, I’m sure. I already e-mailed my property offer and photos to the generic property investment club e-mail address, is this enough? Will they distribute it to all of their members?
What is the difference between a real estate broker and real estate agent?
Posted by admin on 11 May 2008 11:11 am. Filed under Renting & Real Estate.
gregdaman925 asked:
I was wondering what the difference was between a real estate broker and a real estate agent? How long would you have to go to school to be either one?
I pretty much got my answer to this question. Can a real estate broker act as both a broker as well as the agent? I plan on starting my own realty but want to do both jobs.
I was wondering what the difference was between a real estate broker and a real estate agent? How long would you have to go to school to be either one?
I pretty much got my answer to this question. Can a real estate broker act as both a broker as well as the agent? I plan on starting my own realty but want to do both jobs.