Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Union City- NJ http://www.zillow.com/advice/Union-City-NJ/home-buying/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate I am a first time home buyer. I plan to pay it it off as fast as I can. Is this smart? http://www.zillow.com/advice-thread/I-am-a-first-time-home-buyer-I-plan-to-pay-it-it-off-as-fast-as-I-can-Is-this-smart/515592/ I need advice on how to do it. Down payment how much is recommended? Should I buy points? Is it smart to pay it off sooner ? Please help.<br \><br \>12 replies Thu, 17 Oct 2013 00:39:00 GMT http://www.zillow.com/advice-thread/I-am-a-first-time-home-buyer-I-plan-to-pay-it-it-off-as-fast-as-I-can-Is-this-smart/515592/ 2013-10-17T00:39:00Z Pricing of Two Family Homes http://www.zillow.com/advice-thread/Pricing-of-Two-Family-Homes/510710/ What is reasonable regarding the amount of rent that a two family home should generate relative to mortgage payments and expenses.I'm looking at a house that I am assuming will sell for $290,000. It has $14,921 in expenses (insurance, taxes, water, heat) and if I put 20% I will have annual mortgage payments of $14,520, so it will cost me $29,441 not including the cost of capital (or the investment return that the 20% down payment may generate if I invested it in another type of investment).<br/><br/>The home currently generates $24,441 in rent, so I would have a negative cash flow of nearly $5,000. My thinking is that I should be able to generate a positive cash flow. Is that correct and if so, what kind of cash flow as a percentage of a down payment do most investors seek?<br \><br \>7 replies Tue, 10 Sep 2013 13:38:00 GMT http://www.zillow.com/advice-thread/Pricing-of-Two-Family-Homes/510710/ 2013-09-10T13:38:00Z Planning to convert 2-family home in Union City, NJ to 3 Family what should I do and where to start http://www.zillow.com/advice-thread/Planning-to-convert-2-family-home-in-Union-City-NJ-to-3-Family-what-should-I-do-and-where-to-start/440037/ The previous owner started the work for that but enevr completed it. The ground level floor already has the sprinklers and the house has the stairway exit on the sides that 3-family homes usually have.<br \><br \>8 replies Mon, 23 Apr 2012 18:34:00 GMT http://www.zillow.com/advice-thread/Planning-to-convert-2-family-home-in-Union-City-NJ-to-3-Family-what-should-I-do-and-where-to-start/440037/ 2012-04-23T18:34:00Z Planning to get FHA on multi-fam; is atleast one level reqd to be vacant in order to close the mrtg http://www.zillow.com/advice-thread/Planning-to-get-FHA-on-multi-fam-is-atleast-one-level-reqd-to-be-vacant-in-order-to-close-the-mrtg/439583/ 1 reply Thu, 19 Apr 2012 15:40:00 GMT http://www.zillow.com/advice-thread/Planning-to-get-FHA-on-multi-fam-is-atleast-one-level-reqd-to-be-vacant-in-order-to-close-the-mrtg/439583/ 2012-04-19T15:40:00Z How much home can we afford? http://www.zillow.com/advice-thread/How-much-home-can-we-afford/388598/ Hi guys, my girlfriend and I are planning on buying a home within the next couple of months in north NJ (Union City, North Bergen, etc). We are probably going to go the condo route since we can't find any nicer homes in our price range in the area. I know there are calculators online but I wanted to see if anyone one here, an actual person, could help us figure out how much house we can afford after all expenses are taken into account.<br/> <br/>Let us know what information you need from us. I have been pre-approved for a 300k loan without including my girlfriend and that is the price point we have been looking at when searching for a home. My income is about 72k/year and her's is 45k. Any help is greatly appreciated. Thanks!<br \><br \>4 replies Sun, 27 Feb 2011 03:58:00 GMT http://www.zillow.com/advice-thread/How-much-home-can-we-afford/388598/ 2011-02-27T03:58:00Z Short Sales http://www.zillow.com/advice-thread/Short-Sales/374591/ If a property on the market is a short sale, why would the seller want to sell the home for as much money as possible? Since the bank is already losing money, how would the seller benefit from a higher sale price?<br \><br \>16 replies Thu, 11 Nov 2010 17:52:00 GMT http://www.zillow.com/advice-thread/Short-Sales/374591/ 2010-11-11T17:52:00Z It's surprise to find that most 4 family houses are around the same price as 2 family houses. why? http://www.zillow.com/advice-thread/It%27s-surprise-to-find-that-most-4-family-houses-are-around-the-same-price-as-2-family-houses-why/337859/ 4 replies Fri, 26 Mar 2010 14:03:00 GMT http://www.zillow.com/advice-thread/It%27s-surprise-to-find-that-most-4-family-houses-are-around-the-same-price-as-2-family-houses-why/337859/ 2010-03-26T14:03:00Z how much should a 3 familly home cost ??? http://www.zillow.com/advice-thread/how-much-should-a-3-familly-home-cost/349729/ I am looking at 3 family homes and saw one with a list price of 480000, is that too much, its not in foreclosure or in a short sale. Plus are there more tax benefits in owning a 3 family home ????<br \><br \>3 replies Thu, 13 May 2010 17:03:00 GMT http://www.zillow.com/advice-thread/how-much-should-a-3-familly-home-cost/349729/ 2010-05-13T17:03:00Z