Economic Finance news

finance and economics






Buying A Property In Europe ?

Thursday 2 September 2010 @ 6:16 pm

I’m a youth in middle twenties, and thinking to invest my little savings in a small property. I’ve never owned one but I can only buy one room with the savings I have in some countries, and maybe nothing in other countries.
As I dont have any experience I’m asking which websites are a good start point to know where the prices are good to buy, or even to rent the property I buy when I return to live with parents as I dont have any income.




Is This Property A Good Deal?

Sunday 15 August 2010 @ 8:16 pm

I want to buy a 3 plex.
-Asking on MLS is $119,500.
-Property Taxes $4985 yr.
-It has 2 units rented for $600 a piece. The empty unit
which also rents for $600, I want to move into.
-I want to put $5000 down and finance the rest at around 6%.
I’m not necessary looking for a DEAL; I mostly want a stable
place to live while I gain some experience. What do you
recommend I offer? Property has been on MLS for over 6
months and price has dropped $19,500.
I realize there are a million variables, but assume this
place has low maintenance costs and everything is in pretty
good shape.
I would love to see your thought process.
Thanks,
Brian…




Against The Law For Parents To Take Away Property?

Thursday 5 August 2010 @ 9:20 am

I have a full time job during the summers and part time during the school year.
I have put approximately $4000 into my computer and they take it away from me for punishment. Is there a certain amount of money that something has to be worth before they cant take it away legally?
The only thing that I believe that they can legally take away from me is the power.(Which I even offered to pitch in on some of the bills)
Yes, I know that they have taken care of me over all of the years but they are legally obligated to do so, correct?
If they can legally do own my computer could I say that it belongs to my brother(19) and then they cant take it away?
Also, a couple months back my dad stole around $1000 out of my bank account… It’s under my mom’s name though. Legal or not?




What Should I Say If My Brother-in-law Requests To Stop Paying The Property Taxes?

Tuesday 27 July 2010 @ 5:17 am

My sisters and my brother in law are very sweet people and we’d like to avoid arguments and misunderstandings. My brother in law is always worried about how our finances are because we earn very little, but he gets a bit paranoid when we buy anything. We have to buy cloths, sometimes, but without asking us how much we’ve spent he gets a funny look on his face and starts talking about saving money.
My sister and I own a duplex (two houses in one). When our other sister and husband started to get older they wanted to live closer to us, so we decided to let them live with us. We let them live in one of the houses on their own. They pay their electricity, water and their personal bills; and, we ours. They offered to property taxes which is about $450 per month. They gave us the gift of fixing our roof and because they were used to having central air, they had central air installed in the front house. After three years, my sister’s husband is starting to insinuate things like: things are expensive, he bought a new car and that taxes are about to go up. When the sold their home, they had more than enough to buy a home like ours, we think he’s just trying to get his way to stop paying for the taxes. In other words, he can pay it, but his personality is economical by nature. He’s always arguing with my sister about using too much toilet paper and refuses to buy her a working television set. In reality, it’s her money too for more than the obvious reasons, her work earnings and his are together. Their retirement earnings are a bit higher than what my sister and I earn put together. I love my them all very much. They are my family and I’d like to be fair to everyone.
What a great way attitude to have about this living situation?




Is Now A Good Time To Buy Property?

Friday 23 July 2010 @ 9:16 pm

There’s a lot of good homes available incredibly cheaply in my area.
Do you think it’s a good idea to invest in them or should I avoid this at all costs?
One house is now half the asking price, is this good or bad?
Thank you for your help :)




What To Do When Seller Doesn’t Want To Lower Property Price?

Thursday 15 July 2010 @ 9:18 am

Hi All. I’m sure this is a common question when it comes to real estate. We’ve recently found a house we wanted to put an offer in for. We were originally looking for 3 bed semi or end of terrace. This one however is 4 bed and rather close to a descent school (we have 2 kinds, aged 1 and 3).
House asking price was £250k. Some of the 3 beds in the area have an average estimated valuation of £265k - according to for example mouseprice. This house was reduced from approx £265k. The only problem with it is it’s a real mess at the moment - it needs everything redone - kitchen, bathroom and separate toilet, floors, even the walls. It’s been a buy–to-let, ex-council. Which explains why it’s been left in such a mess. I’ve even found roaches in the kitchen due to tenant neglect. I know how to deal with those, however it’s a nuisance and you don’t know how spread the infestation is.
Firstly we put an offer in for £225k, which is how much I believe the house is worth - because of size and location. That of course has been rejected. After some consideration we put an offer in for £240k - again just because of the location. OK, it needs A LOT of work but we were prepared to invest next few years to refurbish it.
Even this was rejected. It seems like the seller is dead set on £250k. But since the price was lowered once already I can safely assume it was greedy-priced the first time already. I’ve told the agent we’re not prepared to bid any more and we’ll be looking at other house.
People say: you should pay as much as you think it’s worth to you personally. I think it’s worth around £225k because of all the work it needs done. We can comfortably afford £250k but I don’t want to fork out on something not worth it.
Can I expect the seller to come to his senses and eventually agree on the offer? I’m sure loads of people had this kind of experience. Can you offer any advice? Besides “be patient” :)
We’ve had a sale fall through recently so all this is becoming very frustrating. Is it true that there is a surplus of homes on sale at the moment - EAs are supposed to have increased levels of stock and not many sales overall. One would expect this would slam some sense into sellers …




What Would You Do If Your Investment Property Had Criminals Living In It?

Friday 9 July 2010 @ 7:16 pm

This happened a few years ago with my parents. My dad noticed the windows had been covered up on one of our properties and other fishy things when he went to check on our houses. He called the police, and they blocked off the whole block and had drug dogs and everything there. Police went in and found knives and drugs and guns and the thugs. What would you suggest us to do after this incident? We live in D.C and tend to invest in Southeast neighborhoods for higher profit margins. I’m practicing doing real estate along with my parents, and there’s risks of having baddies pop out while checking on houses because it’s not always obvious whether they are there . Would you suggest getting guns and training, or investing in safer places? And would it be legal to bring guns to a property? And I know you shouldn’t go in guns blazing, but police aren’t actually there if a thug pops out, and we can’t outrun bullets.




Questions About Getting A Loan For Investment Property?

Friday 9 July 2010 @ 10:15 am

A friend and I are going to try to get a loan for investment property. The properties that we are looking at are all under 20,000. They are condo’s, and townhouses. We are going to rent them out.
My question is:
1. How much will the bank require us to put down?
2. How long will they finance it for?
3. Will they do 30 years of financing/
4. Is buying investment property any different from buying a regular home.
5. Does anyone recommend any bank? Especially in NC




Could A Uni Degree Relating To Property Economics And Slightly Finance Courses Get Me A Job In Finance At All?

Sunday 13 June 2010 @ 9:18 pm

http://www.handbook.uts.edu.au/courses/c… for example




Options For Upside Down Property With Equity… Go Figure?

Monday 7 June 2010 @ 1:16 am

I have over $40K invested in my small acreage, in good, clean shape with $115K mortgage. Need to sell & move out of state, NOW. Have priced at rock bottom & will loose everything at this price anyway. Been on market with realtor over 600 days, nobody will even look, ready to walk away… any options?




«« Previous Posts

Increase rankings