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can I get the home equity out of my rental property (no mortgage)?

admin — Fri, 08 Apr 2011 19:17:04 +0000

I purchased a rental property back to 2008, which was the cash deal (fore closure), and one question is, can I get the home equity out of this rental property, since it has no mortgage, has no lien on it, and the downside of the house value is limited, it seems that it is no way to find the information of which bank are willing to approve this kind of home equity loan?
If no bank approve this kind of loan, what is the best strategy to get the cash out of this investment property, any idea or information?
Thanks.

Not all lenders are providing cash out loans on rentals properties, but these can still be found. It would probably be easier to get a fixed loan amount than a revolving line against the property. The amount of cash that you may be able to get out will probably be capped, and besides loan-to-value ratio, the amount available will also be limited by the debt service capacity of the property (i.e., net operating income) and your overall personal debt service capacity (i.e., your aggregate debt to income ratio).

Even if no bank in your area will lend on the property, you can always find a private lender, but that would generally be at a much higher interest rate. Hope that helps.

Can a landlord sue a tenant for advertising their business on a home rental property without permission?

admin — Sat, 18 Dec 2010 18:29:41 +0000

We had tenants that advertised their home improvement business by placing a sign in the front yard of our home that they were renting without permission. Can we charge them for advertising? We had future tenants looking at the home and decided not to rent because of the sign placed in the front yard, they were worried that the home had something wrong and repairs were being done.

You can evict them for using the home for a commercial business and for placing the sign on your property, that is an alteration.

The city will fine the hell out of them too, no billboards are allowed in a residential neighborhood.

Buy Rental Property Now? (1)

admin — Sat, 17 Apr 2010 21:46:37 +0000

The Rose Real Estate Group is an Exclusive Buyers’ Agency. Contact RaymondRose@aol.com for info about their many services. There are NEVER any fees, pressures, obligations or gimmicks involved.

Duration : 0:3:39

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Carriage House Rental – 1768 Ellis Hollow Road, Ithaca New York

admin — Wed, 14 Apr 2010 20:21:12 +0000

This custom green built residence has a garage, private covered entrance and sits on a professionally landscaped lot. In this home youll find 2 bedrooms, two baths and plenty of closet space. There is hot water baseboard heat with the gas, electricity and water metered separately.

Contact Perfect Heritage (607) 277-6260 or customerservice@perfect-heritage.com

Duration : 0:1:18

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Rental Property Management : How to Type a Lease Agreement

admin — Sun, 11 Apr 2010 17:38:04 +0000

Instead of typing a new lease agreement, find templates online that correspond to the state, as these template leases stand better in court if there is a breach of contract. Find state-specific rental contracts with helpful information from an experienced real estate agent in this free video on renting a home.

Expert: James Kurkela
Bio: James Kurkela, together with his wife Judy Kurkela, are licensed real estate agents who have been serving Putnam, Westchester, Orange and Dutchess counties for more than 20 years.
Filmmaker: Kefa Olang

Duration : 0:2:5

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Daniel Island SC, South Carolina Realestate, South Carolina Rental Property, South Carolina Houses

admin — Thu, 08 Apr 2010 17:22:16 +0000

“200 River Landing”
1,639 sq. ft.
3 bed / 2.5 bath
contact: Bill or Babs Wright (843) 323-7882
Charleston SC Virtual Real Estate Home – South Carolina Rentals & Sales

Duration : 0:2:57

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Rental Property Management : How to Turn Your Home Into Rental Property

admin — Mon, 05 Apr 2010 18:32:52 +0000

Turning a home into a rental property usually requires bringing the house up to code, increasing the insurance and getting the rental approved by any HOA. Earn extra income by renting out a property with helpful information from an experienced real estate agent in this free video on renting a home.

Duration : 0:1:47

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Casa Costa Rica- Costa Rica Rental Property

admin — Fri, 02 Apr 2010 18:17:21 +0000

Take your next vacation in Costa Rica. Casa Costa Rica is located on the quiet, local beach of Esterillos Este on the Pacific coast of Costa Rica, just 20 minutes from the tourist mecca Jaco, and just minutes from the famous Playa Hermosa. Relax Poolside while taking in the breathtaking views of the sunset. The house is located just steps from the edge of the crystal clear Pacific Ocean. A family of Monkeys frequent the back yard as well as Sloths and Macaws.

3 bedroom 1 bathroom house with pool. You can rent 1 bedroom or all three bedrooms, prices vary.

*Prices are based on a per week basis

1 Bedroom $1200
2 Bedrooms $1500
3 Bedrooms $1750

Located in the back is a studio apartment or “Casita” which includes it’s own bathroom and full kitchen.

To rent the full property including the Casita $2200

For more details and information please contact Liza Price at (609) 203-0289 or email lizapricerappaport@gmail.com

Duration : 0:2:17

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Rental Property Information : Questions to Ask When Renting Apartments

admin — Tue, 30 Mar 2010 21:18:13 +0000

When renting an apartment, it is important to ask questions regarding move-in, the security deposit and the status of the landlord. Research a complex before signing a new lease with information from licensed real estate brokers in this free video on rental property.

Expert: Francis & Sari Jacob
Contact: www.rentersparadisemiami.com
Bio: Francis and Sari Jacob are licensed real estate brokers in Miami, Florida, where they own and operate Renter’s Paradise.
Filmmaker: Paul Muller

Duration : 0:1:39

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Tour an Austin Vacation Home Rental

admin — Sat, 27 Mar 2010 21:08:11 +0000

http://www.homeaway.com/vacation-rental/p143208 – Austin vacation home owner Rusty Irons guides you through her vacation rental in Austin, Texas. See more information and inquire about this property on HomeAway.com.

Duration : 0:3:26

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