Zillow Advice RSS: Discussion,All Real Estate Advice Topics,Vacaville- CA http://www.zillow.com/advice/Vacaville-CA/all/discussion/ Zillow Advice search results | Zillow Real Estate Options for buying a 2nd rental income property. http://www.zillow.com/advice-thread/Options-for-buying-a-2nd-rental-income-property/475048/ &nbsp;I am looking to buy a property for rental purposes. I currently own a house in another state that I rent out, it is a FHA loan and due to the drop in house values I owe about the market value of that residence, so I'm not underwater. Also own my primary residence here in CA. I have about 15% equity in my primary residence and it is a VA loan. The rental I'm looking to buy here in Vacaville, CA, is a condo and only about 40k, the rental income would be about 1k, more than covering the cost of the mortgage. I have a FICO of 700, but no money to put down on this new rental. I would really appreciate any help on finding a lender that would work with me. Thanks<br/>John<br \><br \>2 replies Sat, 19 Jan 2013 21:01:00 GMT http://www.zillow.com/advice-thread/Options-for-buying-a-2nd-rental-income-property/475048/ 2013-01-19T21:01:00Z underwater home - what to do? short sale, foreclosure, keep? http://www.zillow.com/advice-thread/underwater-home-what-to-do-short-sale-foreclosure-keep/458430/ After viewing and re-viewing 60 minutes story JUST WALK AWAY I have to admit that my eyes were opened to the fact that even though I love my home (purchased 8/08) it has gone down drastically in value/price.&nbsp; I need to make a decision based on a few new facts: in search of employment - current job ended however I am 55 and could feasibly retire&nbsp;., Why should I stay in my home which I really can't afford any longer or at least not right now plus I have HOA payments.&nbsp; I really love my home. I've read not to get too attached to a home...that it is better to make a good financial decision for myself and my future.&nbsp; I am going to apply for ther HARDEST HIT STATES funds which can help the unemployed for up to 1 year until a new job is found but what if that doesn't work out?&nbsp; Wouldn't I be better off going for a short sale at least 120 days before foreclosure is set to occur and doing a deed in lieu of foreclosure and perhaps receiving some monies that I've heard many mortgage (and or banks...I'm not sure) are offering sellers to opt for a short sale.&nbsp; I'm confused and mixed with that is a little fear.&nbsp; Even though I feel I can find another job, I'm not sure I want to.&nbsp; It might be nice to live with a little less and not have so many financial burdons.&nbsp; I'm wondering if there are any other non-real estate folks out there experiencing my issues AND of course I'd love to hear from the pros as well.&nbsp; Life might feel a little sweeter even if living meant living in a nice rental home or apartment considering I am at retirement age (barely) and I probably won't be able to make any money off my home in my lifetime.&nbsp; It is a sad commentary on life today.&nbsp; The American Dream has become an albatross around the American publics' neck.<br \><br \>10 replies Mon, 03 Sep 2012 20:16:00 GMT http://www.zillow.com/advice-thread/underwater-home-what-to-do-short-sale-foreclosure-keep/458430/ 2012-09-03T20:16:00Z How home sales are going http://www.zillow.com/advice-thread/How-home-sales-are-going/36686/ <p>Right now REO and Short Sales are selling well.&nbsp; The banks are listing their properties( REOs)&nbsp;at very low prices.&nbsp; These are actually getting multiple offers for them and some are selling over their listing prices.&nbsp; This may start a new trend&nbsp;with&nbsp;either stabilized prices or&nbsp;actually start prices to increase slightly over the next couple of months.&nbsp; Short Sales (people who need to sell their homes at less than what is owed) are&nbsp;being listed with prices comparable to the REO prices so these are also good to buy into.</p><p>amartin.prudentialrealestate@comcast.net</p><br \><br \>0 replies Mon, 07 Jul 2008 17:50:00 GMT http://www.zillow.com/advice-thread/How-home-sales-are-going/36686/ 2008-07-07T17:50:00Z