I want to do apt rentals with one broker and residential homes with another, as a sales agent. Is this possible?

No, your salesperson license can only be "hung" with one broker at a time.

Our landlord offered to sell us the house we’re renting, but was asking far too much. We declined, and mentioned we were having a hard enough time as it was keeping our current situation afloat. Two months later, I injured my arm forcing me out of work, and my landlord offered to lower the rent by $100 a month when we gave her our notice to vacate/terminate occupancy early- but it just didn’t make any sense to pay rent late every month for the next half year, in addition to late fees. $100 wouldn’t have made a darn bit of difference- it was like a slap in the face. With winter coming, my wife and I knew that our heating costs would crush us financially, along with me having the arm injury(severed 5 tendons in my forearm- it doesn’t tickle) and unable to find suitable employment- not a great position to be in with three children. There’s a year left on our two year lease, and my wife and I were told by her that she doesn’t plan on re-renting our house, as she doesn’t want to have this happen to her again. She definitely mentioned in a curt letter to us that our lease doesn’t expire until the end of Sept. 2010, yet stated in the letter that she put "the house on the market for sale(through a Century 21 broker, whom doesn’t deal in rentals) as well as for rent". The MLS sale listing says nothing in regards to it being a rental, and it has only been shown once to a prospective buyer. I have found no evidence in any local papers nor websites, such as craigslist that have it listed for rent(I’ve kept evidence). I’m very worried that she may take my wife and I to court and sue us for an entire year’s worth of rent, $15k+. That would be devastating. Is she lawfully mitigating damages by only listing it for sale and not for rent? She has also been calling my wife constantly telling her/us that we have to "unclutter" the house to her and the broker’s liking. She told my wife that we have to make it look like no one lives here, and to move living room furniture out to the garage. We can’t store our things in the basement- they have to be in the garage, pushed off to the side. "Less is more", she tells us. I think she’s being retaliatory. Any wise words out there for me? I’m losing sleep over this. My wife will actually be teaching her son at the local high school this spring for crying out loud…teachers don’t get paid enough as it is…I digress…thanks.

Let me get this right. You are pissed off because your landlord, who has absolutely no obligation to lower your rent or let you out of your lease early, has offered to lower your rent by over twelve hundred bucks a year.

Damn. Her taxes, mortgage payments,insurance payments and all of the many other costs associated with rental property didn’t go down at all and yet she offered you a fairly good size break on your rent. And you are complaining that she isn’t giving you back enough because of YOUR injury?

Little wonder she doesn’t want to have another tenant.

She doesn’t have to rent the place out in order to mitigate the fact that you are breaking a contract that you entered into. The only mitigation that you may be remotely entitled to is if she is able to sell the property during your lease period. But even that is doubtful if your lease and your state allows for her to sue you for the entire lease in the event of default.

I live in the bay area, ca. And I see a lot of short sale homes but don’t know how to approach these homes with an offer..I hear they are a bad idea. I’m single, have a nice job, 24 years old, no kids, and live with my parents. I just want to start saving money and start building my investments, my first home is what I really want and all I can afford is a home for $145k. I don’t want to buy a mobile home, or home as old as 1928. I want a decent home in fair condition. I’m willing to look in Washington (Seattle, Olympia, nearby outskirts), but preferabbly CA (Sacramento, Rio Vista, Bay Area, etc etc..if I can find a small home with some land that would be a plus) Any realtors can help me out there? Anyone know of anything? Thanks.

In Sacramento I have 1160 homes under $150,000. These are properties that are SFR(Single Family Residence) and Half-Plex. Sorry no Condo’s were added to the search criteria. From there I narrowed down your search to a 3 bedroom and 2 bath and found 441 homes. 3 bedroom 2 bath is very marketable and great for you if you are looking to build a family in a future. Great investment. Out of the 441 properties half of those are REO or bank owned. Which means you have over 200 properties that ready for a reliable purchase. If you would like to see any of these properties than please contact me or you can look on sacbee.com. Realtors.com. Happy Living and congratulations on being approved for a home.

The rental property I am looking at is in a nice area, but there are at least three other properties in the same area for sale. Is this a good idea or look in an area with less turnover?

As long as you have a good positive cash flow it will be ok. The good thing about a nice area is you can charge more rent and you will get better qualified tenants.

Remember to take into account all of your expenses to determine what to charge for rent and remember always pull their credit.

Don’t worry about other houses in the market because the other houses are for sale and a renter more than likely continue to rent because they either cannot buy a house at the moment or they think they can’t purchase or they don’t have the down payment to purchase a house.

AS long as you have a good positive cash flow and a good area, go for it.

Good Luck

I saw on TV last night (CBC ) that some luxury homes in Florida were selling at 70-95,000 and that the State survived off sales tax supplied mostly by foreigner on holiday — and that since the world economy is in a slump they are in real trouble

They went on to say that some of the homes in Michigan were selling at a dollar — that people were taking counter tops and copper out of the foreclosed on homes and gutting everything they could making the houses worthless

But the land it sits on is never going to be worthless ….We have all heard about the auto sector problems — they are here too

California the worlds 8th largest economy is close to or in an insolvent state – and that other States were not all that far behind ( apparently Texas one of the better ones economically )

I have heard that up to 20 ,000 jobs per ( week or day ?) were being lost in the US

———————————————–

Things are starting to get bad here ( Ontario Canada ) but not to the levels I am hearing about in the US —

The problem is that our government isn’t going to tell us how bad things are getting here any more than your government is going to tell you how bad things are — The government does not want to alarm the people and so it will always paint a positive picture no matter how bad it really is

————– So how bad is it really ?

Dude, good green is down to $225 a oz.

Pretty bad when the price of herbs are going down.

Hi there! I’d like to attend some open houses. I don’t have a real estate agent yet, but I’d like to meet some agents at open houses as well as see (by my myself) local homes for sales. However, there’s nothing listed on the Internet where you can find listings of open houses. Where can I get this information??? I really want to avoid real estate agents for a while.

Friday afternoon paper has them and of course, the Sunday paper.

You may also have a channel on your cable viewing (on tv) for houses in your area for sale.

need to list my home for sale on internet site that does not charge to list it there.

CRAIGSLIST

Example: Newspaper, television, internet, telephone, or just driving around looking for homes for sale?

If you answer this question please state your age and sex, this information is intended to be used for a research paper.
Note: I am not asking what I should do……I would like to know what you do/would do. Thanks

In the following order:
1. Internet
2. Contact an agent
3. Drive around, looking
4. Look in a newspaper.
I am male, 57 yrs old.

Our mobile home park was sold and now they are threatening to impound our homes if we do not pay up.or we get immediate evictions

One suggestion I can give you is for all the tenants to get together and get an attorney as fast as possible. Similar to your case there have been at least two cases here in my state. In at least one of those cases the park has not been sold yet, and the public is suspecting they are being tricked into something, and they are fighting like mad.

This might not be the case in your situation. Maybe everything has gone "by the book", but remember that attorneys always know the law better than us, and if there has or will be any wrongdoing (even if not intended that way by the new owners), there definetely will be something the lawyers can do to stop it and give you a breather, if nothing else.

Concerning what you say as "pay up", you do not explain if you are behind in your payments at all. Or if the new owner has raised the rent, etc. Whatever the case it is best you dial up as many attorneys as possible, and simply ask if there’s a possibility of any help. If an attorney is out of question because of lack of funds, try and contact a "legal clinic", or whatever they are called in your state.

Remember these are either totally without charge or have very low cost paying plans…Whatever you do, ask around as much as you can, and you will get some help.

The real estate agent will get her commission on the short sale, but is it better for the owner to just through foreclosure, or will that be more of a headache for the owner.

There is no *better* in either case. Both are going to shoot your credit score to heck.

A short sale is no guarantee either. The bank has to approve for you to even consider one, and then they have to approve the offers you get which takes upwards of 6 months. By that time, you may have already foreclosed.