On fixed income and disabled.  would be using the proceeds from the sale of my home to purchase.  Would be interested in a fixer up.
204985
Go to http://www.realtor.com and search for condos and townhomes in Orlando and St. Petersburg
288246
I think with any rental situation you are pretty much looking to break even.  Considering mortgage, taxes, maintenance, etc.;  I would hope my rental income would cover all these expenses.\n\nI would expect some tax breaks and hopefully, home appreciation of 5-10% a year.\n\nJust my opinion.
152710
There is a house for sale at 507 E 7TH ST in Erie for less than $15,000. You could get a 100% loan with a payment of about $100/month. I would try calling the agent to see if the seller would be interested in some kind of creative financing. You may be able to trade labor for a reduction in price. I have nothing to do with this listing, I found it on Realtor.com, but here is the phone number of the agency it is listed with 814-459-3887. They may be able to help. Good luck!
67984
This is a tough one, but here is a suggestion.\n\nFirst I assume the owner has a loan that has a due on sale clause and cannot be assumed. Try these first if possible.\n\nNext thing if you work at it you can do this. It might be a long shot with each person, but you will eventually find someone willing. You need an investor. This isn’t something like finding one in a thousand like it might seem. A lot of people, at least 1 in 10 or 20 invest in real estate. So every community has a lot of investors. You are going to set up a deal that is too good for them to pass up and then show it to 25 people and one of them will go for it. Put an ad in the paper in the investor section something like invest in this lucrative real estate deal and you will have your phone ringing off the hook of people to try it out on.\n\nHere is what you want to happen. They will buy the house from the current owner, and they will lease option the house to you. Since the market is poor in that area you should be able to get a good deal. Keep in mind the reason they offered it to you first is so they can sell it for more than it is worth and avoid a commission on top of that. So any price they offer you will likely be way more than they need. Unless you are dealing with abnormally nice and fair people. \n\nSo lets assume the house is worth 90k to 100k for the illustration here. The range is if you want to sell it quick or let it sit a while on the market. Although the range might be larger the way you describe the area. My guess is the 18 months on the market is one house with a problem that the stubborn owner denies.\n\nFirst you need to be able to negotiate with the current owner. They can sell the house fast with an agent for 90k, of which 82k is what they get, 5400 commission plus 2600 taxes and closing fees. So you can offer 90k-5400 and it will be the same for them. They have to realize this is true so take time to explain it. If they agree that they would sell it for that then you would do best to put an offer in writing and write in the buyer as “your name and/or assigns”. The “and/or assigns” means you can assign the contract to someone else. The investor you will now search for. \n\nYou will need more time than average to close, which might trouble them(might need to raise the price a bit). Or, you may need to add something in the contract like this contract is void if the owner happens to find another buyer willing to pay at least $90k. This way they can still try to sell it while you put the deal together. They will get to keep your earnest money as well if you fail to buy the house, so put as little as they will take, but it does need to be at least $100 or so to be considered a legal contract. You might also add something like more earnest money, to the tune of $100 will be handed over each month to keep the contract good for up to 90 or even 120 days if they will go for it.\n\nNow you will try and find an investor. It has to be a good deal for them and of course you would like it to be a good one for you. Part of your pitch will be that you are trying to split the good fortune and that since you “found” the deal you want some of it. So they are going to buy the house for the contract price you negotiated of 84600. Then simultaneously lease option it to you to buy it for 100000 in three years, or however long you think it will take you to save up enough money and build up your good credit to buy a house. Presumably the house will be worth more than 100000 or you need to lower your price. Be sure this option contract gets recorded along with the other papers.\n\nThe lease part of a lease option works like this. You rent it for say 800 a month now, assuming this is market rent you will start renting it for 900 a month and 300 of that goes towards your down payment (all negotiable of course). So if you end up buying it you only pay 600 a month rent. If not then you paid 900. Good for both sides. You will also agree to handle all rep
635230
It's way too risky, you need permits for that kind of repair and for City Inspectors to buy off the work done.\nIf you plan to sell the house later, and you have had work that was done without  permits, you may have to have them redone, to secure the sale. The buyer may have a problem getting a mortgage to buy your house.\nThen as you stated, roof repair, can be hazardous, and if he or a worker falls and gets injured, you may be up the creek.\nFor smaller jobs, he may just be the man, but for something as large as a roofing job. Go with licensed    contractor, that way you at least have coverage and if the job isn't done right, some recourse in court.
289236
About USD 3,000 to 4,000 depending on condition
220334
If your looking to refinance your home, I'm sure I can help you with that...I'm a mortgage consultant for Aapex Mortgage and we work with over 250 lenders, so I feel that we can find a solution to your issue. I'd like to discuss this further to see what you can qualify for? My e-mail is Alisosa83@yahoo.com
396134
Couldn't find any for taxes, but there's a HUD house at 224 Lawton for $35,000.  That's pretty cheap.  Bid deadline is tomorrow.
12746
Should have posted this in the Finance area. LOL\n- I found this. Check this out: http://www.reversemortgage.org/
51223
you'll have to prove the whole story. i hope you did a move-in written walk through inspection and took a few pictures as a prudent person would do when renting a house.  otherwise, it's his money.
3302
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.
677296
You could try to get the owners of the property to sell to you on a lease option for say 2 years, and lets say that you pay 500 a month, with 500 down, then you would have control of the property and you could do your fix-ups or rent it out and collect the rent.( Be sure and include that in the offer that you can rent the property out) You should be able to get a 2nd mortgage to do your rehabs, (most banks would want to be in 1st position and the owner would hold the 2nd mortgage) If you have control of the property it makes thing alot easier, check out a mortgage broker they can usually find something. I currently use GMAC mortgage and they found a place that we only need 5% down on investment property. Good luck!
570599
You have a few options:\n\n1. Do a lease purchase option. This tennant will pay a higher rent because part of his rent goes towards the purchase of the home. Since he has an option to buy, he/she will fix up the place for free. You can also negotiate (if need be) the cost of the fixup with the option fee.\n\n2. Make a deal with a rehab specialist. They will fix the damage and make improvements to the place to make it sell at a higher price. Once the rehab is complete and the house is sold, you split the profits with him at escrow 50/50. This option, you need to be careful on how you negotiate this. It can bite you if you don't look out.\n\n3. Find someone who will assume the mortgage. If the loan is not assumable, then transfer the home to a trust and sell the trust. You could also sell the property "subject to" an existing mortgage to someone who you can trust. Again, you have to be careful how you do this to protect yourself. \n\nIf the property is in Southern California, let me know and I will help you out. Otherwise, contact me if you have any questions.\n\nRegards...
120020
I purchased a 1970 home in a park last fall. I had to do a little work to it but it was livable when I bought it. The nice thing is: I paid 300$ for it, put about 250$ into it and now can probably sell it for about 1000$.
115993
If you are non a schedule A you can take all of the mortgage interest. You can take property tax that you pd. Any donations you gave (cash and non cash)Sales tax that you pd on any big purchases(use the table for the rest)I don't know what your filing status is so I don't know if you would even be close.
401943
Sorry, but no.  You would have to have mortgage insurance on your home that includes disability.  If you are concerned that you may become disabled you need to contact your mortgage company and/or your insurance agent for information.  If you are currently disabled purchasing this coverage now  would not cover you after the fact.  \n\nIt would be a good idea to contact your mortgage company to find out what coverages you currently have.  Sometimes we forget what we do have.  I purchased my home about 8 years ago and I had to check my loan paperwork to double check coverages.  Good luck.
515162
That's hard to say.  You haven't indicated if they are fixers or just distressed sellers.\n\nIf this is a rehab, I would probably pass.  People at that level have an expectation of what they will get when they spend that much money.  There isn't alot of room in there for error and when you are doing a rehab, you just never know what you are going to uncover.\n\nYou also have to keep in mind the holding and marketing/closing costs (typically 15%), so you can see the risk reward isn't really there.  Are you having to get a new mortgage for this?  That is going to cut into that equity a bit if you are 100% NOO financing.\n\nAs a real estate investor on homes like that, I always look at the "great deals" comment and know that if it were truly a great deal, it wouldn't be on the market for as long as it probably has been.\n\nHomes at that price level have alot of swing price wise, so at the end of the day you may be paying retail.  But since there is some play in the price, come at it $150K under that.  That is approximately 70% of retail and then you have a deal that you have many options in how to make money from the transaction from.\n\nKnow your criteria when you are doing real estate investing:  know what is a deal and what isn't.  Study your neighborhoods and pricing.  \n\nBottom line, you can make that much on lesser priced houses without as great a risk.