Zillow Advice RSS: Question-Discussion-Guide,Investing,MD http://www.zillow.com/advice/MD/home-buying-investing/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Is buying a condo to rent out a wise idea for a recent college graduate? http://www.zillow.com/advice-thread/Is-buying-a-condo-to-rent-out-a-wise-idea-for-a-recent-college-graduate/530860/ Hello all!<br/><br/>I am a 23 year old recent college graduate with a full-time job with a gross yearly income of $71,000.&nbsp; I have college student loans which amount up to payments of $500 monthly.&nbsp; My rent currently is $700 in the Baltimore area. I have no major monthly expense other than the regular credit card bills, etc. My credit score is in the 700's - I have always paid any bills I've ever had in full. <br/><br/>I have been entertaining the idea of buying a condo to rent out for quite some time now.&nbsp; How realistic is it for me to carry out this dream keeping in mind I've only started working since last October (2013)? I am thinking about somewhere in downtown Baltimore. Will the rent break even with the mortgage and all other fees eventually paying itself off? I am not looking for it to profit me right away. I am patient enough to watch it profit me in the long run. <br/><br/>All opinions are appreciated!<br/><br/>It's okay to tell me if this is a very unwise decision if you truly believe so. I can take it :)<br \><br \>16 replies Tue, 04 Mar 2014 11:25:00 GMT http://www.zillow.com/advice-thread/Is-buying-a-condo-to-rent-out-a-wise-idea-for-a-recent-college-graduate/530860/ 2014-03-04T11:25:00Z Looking to leverage $20K+ to purchase rental property in the range of $40-$70K-financing options? http://www.zillow.com/advice-thread/Looking-to-leverage-20K-to-purchase-rental-property-in-the-range-of-40-70K-financing-options/525871/ have 4 mortgages already ,yet looking purchase 2-3 add'l properties over next 18 months thru my young LLC<br \><br \>4 replies Sat, 25 Jan 2014 18:21:00 GMT http://www.zillow.com/advice-thread/Looking-to-leverage-20K-to-purchase-rental-property-in-the-range-of-40-70K-financing-options/525871/ 2014-01-25T18:21:00Z how can i buy a mortgage note http://www.zillow.com/advice-thread/how-can-i-buy-a-mortgage-note/402632/ 5 replies Fri, 10 Jun 2011 19:46:00 GMT http://www.zillow.com/advice-thread/how-can-i-buy-a-mortgage-note/402632/ 2011-06-10T19:46:00Z how can i find home comps on the lot at 12500 Haxall Court in Fort Washington, MD? http://www.zillow.com/advice-thread/how-can-i-find-home-comps-on-the-lot-at-12500-Haxall-Court-in-Fort-Washington-MD/515324/ 6 replies Tue, 15 Oct 2013 02:58:00 GMT http://www.zillow.com/advice-thread/how-can-i-find-home-comps-on-the-lot-at-12500-Haxall-Court-in-Fort-Washington-MD/515324/ 2013-10-15T02:58:00Z Can I include rental income on a loan application? http://www.zillow.com/advice-thread/Can-I-include-rental-income-on-a-loan-application/504704/ I purchased a 2nd home in 2011.&nbsp; At the time,&nbsp;I was told I could not count rental income from my first property on the loan application because I did not have 30% equity in the home. Fortunately, I qualified for the loan but it was close.<br/><br/>I am now interested in purchasing a third home.&nbsp; I own more than 30% of the 2nd home but am underwater on my first property.&nbsp; Can I include rental income from the 2nd home since I own more than 30%? Can I include rental income from both properties?<br \><br \>2 replies Thu, 01 Aug 2013 12:05:00 GMT http://www.zillow.com/advice-thread/Can-I-include-rental-income-on-a-loan-application/504704/ 2013-08-01T12:05:00Z Does Zestimates consider waterviews or ponds on properties? http://www.zillow.com/advice-thread/Does-Zestimates-consider-waterviews-or-ponds-on-properties/502437/ Im looking at a house that needs a lot of work .the home is listed for 160k but it needs 550-60k in repairs but the property has water views and is on a creek, Zestimates is&nbsp;&nbsp;100k&nbsp;&nbsp;&nbsp;, so if I offered that a put 50-60k into it am I looking at a loser?<br \><br \>1 reply Thu, 18 Jul 2013 03:40:00 GMT http://www.zillow.com/advice-thread/Does-Zestimates-consider-waterviews-or-ponds-on-properties/502437/ 2013-07-18T03:40:00Z Buying second house http://www.zillow.com/advice-thread/Buying-second-house/501645/ We plan on moving in 4-5 years when our current mortgage is paid off. We will buy a new house to use as a primary residence and rent out the 'old' house. When we look for loans will we need 10-20% like a regular loan we received when originally buying? Our goal is to buy a house in the same dollar range as our current home just with more land.<br \><br \>1 reply Sat, 13 Jul 2013 02:19:00 GMT http://www.zillow.com/advice-thread/Buying-second-house/501645/ 2013-07-13T02:19:00Z How do I filter so I can buy investment properties? http://www.zillow.com/advice-thread/How-do-I-filter-so-I-can-buy-investment-properties/477766/ 3 replies Fri, 08 Feb 2013 00:28:00 GMT http://www.zillow.com/advice-thread/How-do-I-filter-so-I-can-buy-investment-properties/477766/ 2013-02-08T00:28:00Z contractor in Baltimore city http://www.zillow.com/advice-thread/contractor-in-Baltimore-city/483464/ I am buying in investment townhouse in Baltimore city.&nbsp; It seems that most of them are in very bad shape.&nbsp; Can anyone recommend a good contractor who is very reliable?<br \><br \>1 reply Mon, 18 Mar 2013 11:41:00 GMT http://www.zillow.com/advice-thread/contractor-in-Baltimore-city/483464/ 2013-03-18T11:41:00Z Are my eyes too big for my wallet? http://www.zillow.com/advice-thread/Are-my-eyes-too-big-for-my-wallet/478854/ <p class="MsoNormal">I've put in an offer on a short sale for 419k with a VA loan. However, it must be approved by 2 banks. With a short sale it can be 3 to 6 months+ before I get an answer. Currently I am renting a townhome that is very well located for my family in a good area. The owner wants to sell it for 250k to me (no agents). The townhome is located near a university &amp; a major hospital &amp; is easily rented. I want to buy the townhouse thinking if the short sale isn't accepted then my family stays in a location we already like though a smaller than we'd prefer. If the short sale is accepted then we'd rent the townhome &amp; move to the larger home. I've checked with my bank &amp; there are no issues in terms of my VA loan &amp; salary. However, if the short sale is accepted in a couple of months I'd need a small loan to cover the closing costs on that VA loan (13k). I think in the long run it will be beneficial, but I want to know if my&nbsp;decision&nbsp;is sound. Numbers breakdown:<br/>Salary 105,000 Credit 766 +<br/>Home A: 419k (VA loan: 13k in down+closing)<br/>Home B: 250k (Conventional loan: 5% down+closing ~ 20k)<br/>Debt: None (credit cards rarely carry balance more than 30 days)<br/>Home B: can be rented for 1850 ~ 2100<br/>When I apply/accept the first loan for Home B my credit score will take a hit. Hopefully not enough to increase the interest rate on the pre-approved VA loan.&nbsp;<br/>Am I trying to take on too much here? The bank says that if the short sale is approved, &amp; I rent the townhouse only 75% of the rental will count toward my income. I think that still puts me in the good.&nbsp;Are my eyes too big for my wallet?</p><br \><br \>5 replies Sat, 16 Feb 2013 14:24:00 GMT http://www.zillow.com/advice-thread/Are-my-eyes-too-big-for-my-wallet/478854/ 2013-02-16T14:24:00Z $15k renatble properties in Baltimore, could this be true? http://www.zillow.com/advice-thread/15k-renatble-properties-in-Baltimore-could-this-be-true/444291/ I've been searching through listings for investment properties, and came across a few tenet occupied properties at around $15k with it being rented out for $800 monthly. Could this be true? Can you relay find rentable properties with little to no renovation needed in that range? Seams way to good to be true. If so are their any realtors out there with experience finding decent properties in that range, if so I have $30k cash to invest, and would mind picking up a property or two. If their are any knowledgeable realtor familiar with that market, let me know.<br \><br \>2 replies Fri, 25 May 2012 16:00:00 GMT http://www.zillow.com/advice-thread/15k-renatble-properties-in-Baltimore-could-this-be-true/444291/ 2012-05-25T16:00:00Z Invest in Baltimore http://www.zillow.com/advice-thread/Invest-in-Baltimore/417373/ I'm considering to invest a townhouse in&nbsp;&nbsp;Fells Point of&nbsp;Baltimore, MD and rent it out. Should I buy a house cost less than 50,000 that need renovation or just buy one with 200,000 that is ready to move in? How much does it cost to renovate a 2-3 level townhouse? Thank you!&nbsp;<br \><br \>2 replies Wed, 28 Sep 2011 13:56:00 GMT http://www.zillow.com/advice-thread/Invest-in-Baltimore/417373/ 2011-09-28T13:56:00Z market analysis http://www.zillow.com/advice-thread/market-analysis/399480/ need to find out what commercial building selling for in the 21215 zip code.<br \><br \>6 replies Wed, 18 May 2011 15:16:00 GMT http://www.zillow.com/advice-thread/market-analysis/399480/ 2011-05-18T15:16:00Z Could someone give a quick estimate if I had to remodel a Kitchen, 2BA, and remodel Basement with BA http://www.zillow.com/advice-thread/Could-someone-give-a-quick-estimate-if-I-had-to-remodel-a-Kitchen-2BA-and-remodel-Basement-with-BA/402369/ Could someone give a quick estimate if I had to remodel a Kitchen, 2BA, and remodel Basement with adding a bathroom. Thanks<br/><br/><a href="mailto:fginvestors@gmail.com" rel="nofollow">fginvestors@gmail.com</a><br \><br \>2 replies Wed, 08 Jun 2011 21:42:00 GMT http://www.zillow.com/advice-thread/Could-someone-give-a-quick-estimate-if-I-had-to-remodel-a-Kitchen-2BA-and-remodel-Basement-with-BA/402369/ 2011-06-08T21:42:00Z LOW cash deals forclosure http://www.zillow.com/advice-thread/LOW-cash-deals-forclosure/383713/ Investors are you looking for homes in&nbsp;&nbsp; Montgomery county GREAT deals that b<br/>bank wants to get rid of the property with little cash ! Please call me at [Contact info removed by moderator]<br/>Your friend in business<br \><br \>3 replies Sun, 30 Jan 2011 16:45:00 GMT http://www.zillow.com/advice-thread/LOW-cash-deals-forclosure/383713/ 2011-01-30T16:45:00Z I want to mask/hide specific Zillow listings in the search, pending, etc. props already sold. http://www.zillow.com/advice-thread/I-want-to-mask-hide-specific-Zillow-listings-in-the-search-pending-etc-props-already-sold/387021/ Would like to mask individually props. where I have received a note from broker that they are sold, pending.&nbsp; In other words, my own listing.&nbsp; I think I can do this by<br/>screen scraping a search, downloading to Excel, and keeping it as a master. And deleting items as I identify them.&nbsp; On the next match, perform a horizontal join (maybe use ACCESS) and display the new list???? but, I always like to avoid this busy work if possible.&nbsp; What are your thoughts?<br \><br \>0 replies Tue, 15 Feb 2011 22:47:00 GMT http://www.zillow.com/advice-thread/I-want-to-mask-hide-specific-Zillow-listings-in-the-search-pending-etc-props-already-sold/387021/ 2011-02-15T22:47:00Z First time buyer http://www.zillow.com/advice-thread/First-time-buyer/363152/ Ok i'm a Veteran and i'm looking to take advantage of my VA loan. I want to but a houes or condo the rent for a profit. This is a first for me anyone have words of wisdom?<br \><br \>9 replies Sat, 21 Aug 2010 19:15:00 GMT http://www.zillow.com/advice-thread/First-time-buyer/363152/ 2010-08-21T19:15:00Z What to consider when buying condo properties http://www.zillow.com/advice-thread/What-to-consider-when-buying-condo-properties/362556/ Hello everyone,<br/><br/>My name is Alex Pachedzhiev with Realty USA. I feel that it is very useful for many real estate investors to know and understand the most important features of a condo unit before making a decision to invest in condos.<br/><br/>I welcome any questions and opinions. Please join me for discussion of this matter!<br/><br/><br \><br \>5 replies Tue, 17 Aug 2010 18:20:00 GMT http://www.zillow.com/advice-thread/What-to-consider-when-buying-condo-properties/362556/ 2010-08-17T18:20:00Z How do you find the Zillow estimate on a home that is not listed for sale http://www.zillow.com/advice-thread/How-do-you-find-the-Zillow-estimate-on-a-home-that-is-not-listed-for-sale/355684/ How do you find a zillow zestimate on a property that is not listed for sale<br \><br \>1 reply Tue, 29 Jun 2010 14:52:00 GMT http://www.zillow.com/advice-thread/How-do-you-find-the-Zillow-estimate-on-a-home-that-is-not-listed-for-sale/355684/ 2010-06-29T14:52:00Z what are the crime statistics in capitol heights http://www.zillow.com/advice-thread/what-are-the-crime-statistics-in-capitol-heights/348392/ 2 replies Tue, 04 May 2010 04:46:00 GMT http://www.zillow.com/advice-thread/what-are-the-crime-statistics-in-capitol-heights/348392/ 2010-05-04T04:46:00Z