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Entries for March, 2009

A Simple Primer for Immigration to the United States

Daniel Millions asked: In the last several years, the United State’s immigration policies have become topics of much debate. Regardless of your personal opinion on the matter, there are certain truths that we must consider. U.S. Immigration policies and regulation have become more stringent for those who are seeking to visit, work or immigrate in [...]

How should I go about financing a second rental property?

drf2684 asked: When applying for loans should I indicate that I plan on using this as my primary residence or apply as a rental? I know what I should do, but I want to know what the common practice is. A mortgage broker friend told me I would be stupid to get a loan [...]

Investment Immigration

Synapse India asked: If you want to get an entry into a particular country, you may have to satisfy its immigration policy. For example, if you want to get inside the borders of the US, you need to fulfill its rules for your legal entry. Normally, immigration laws varied from country to country, enacted by [...]

How can you buy home owner’s insurance without a house?

Red Velvet asked: We are trying to buy our first home, and now before we even know if we will get financed, they want us to BUY home owner’s insurance? How? Why? Wouldn’t that be done once we buy the house? Especially if it’s escrowed in to our monthly payments?For Sale By Owner

I’m buying a condo that is 7 years old. Should I buy a home warranty?

city_boy asked: My agent is offering to buy home warranty for me or just give me the cash. I don’t know if it’s worth buying a home warranty. The condo and everything in it is only 7 years old. Any thoughts? TIA!Selling Home

Forming Ltd. Co. in UK by a foreigner in student visa?

sawidlal asked: Is there a way around the forbiddance for foreign students to form a Ltd. Co in UK? My daughter would like to set up her own little online business for UK market, but because of VAT and protection from future repercussions of not having formed a Ltd. Co. initially, she needs to form [...]

Is it illegal to sell home made cookies?

RenoBabe asked: would I need some kind of license to sell home made cookies on e-bay or to post an ad in the local classifieds? I live in NV
thankxFor Sale By Owner

Taking out a mortgage on a rental property secured by a certificate of deposit?

fmckin1 asked: Since CD interest rates are so low we were thinking of securing a mortgage with one to buy rental property-the cd would still earn interest, and (hopefully) the rent would pay for the mortgage.
We have someone knowledgeable about property who could manage it for us, but I have qualms about people who don’t [...]

Based on the market and where I live is it a good time to sell home now?

My King loves me asked: I’m putting my Condo up for sale, prime area in Studio City, CA (appraised value aprx 725K) in order to sell faster, should I offer closing costs or reduce price? (it ends up being the same) Homes are taking much longer to sell, market’s slow, Any good ideas? [...]

Real Estate Investment (Rental Business) – How to Win the paper War?

Neil V asked: Hi,
What way is more efficient for keeping ongoing monthly receipts for easy accounting/tax filing:
1. Separating monthly receipts by PROPERTY, meaning separate envelope for each property
OR:
2. Separating monthly receipts by ACCOUNT (i.e. VISA in a separate envelope from Chequing account, separate envelope for CASH payments, etc.)
Please assume the investor owns say 5 properties [...]