the thing in eastern europe is that rents did not increase (as income did not increase and people would not manage to rent) but property prices are up by 60% due to propery bubble (joingin EU) and easily available mortgages, a rent for studio flat is $400 and mortgage $550 plus taxes, insurance, maintenance, etc,
would u still buy a property assuming people say property prices will further increase by 30-40%, in coming years, knowing that rent will cover roughly only 50% of your mortgage and other expenses ?
I am a mortgage broker who recently signed up with Lending Tree to buy leads, but I can’t get an account rep on the phone to tell me what they cost. I know the price varies by age of the lead and a few other things. Can anyone help??? Thanks in advance.
If a tenant is in your property and refuse to leave (none payment and the lease has expired), how much day to day rent can you charge the renter until the eviction notice has been served from the court process.
I am a 24yo med student in Chicago looking to buy a condominium. As a student, I have no steady income but do have around $30,000 available for a 10% downpayment. My credit score is 760. Can I get a mortgage with a reasonable interest rate given my credit score and lack of steady income and what would that rate be? I plan on purchasing a condo and renting it out for 2-3 years and using the rent to supplement monthly mortgage until I have a consistent income high enough for me to move-in myself. What steps must I take to fulfill my plan of first time home ownership?
We are looking at purchasing an investment property for my mother to live in but are not sure what minimum rent we need to charge her to still be able to negative gear the property. Any help would be greatly appreciated.