Archive for the 'Renting & Real Estate' Category

Can I afford to move out?

Friday, August 27th, 2010

girl1985 asked: Hey all, I currently take home about $2100 a month depending on commission (i do insurance). I am 25 and live at home, debt free, and have $35,000 in my savings account and $6,000 in my checking account right now. I wanted to move out and rent an apartment but everyone is telling [...]

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What % of net income to spend on mortgage payment?

Friday, May 7th, 2010

Coach asked: Looking at purchasing a home. My net income is $3100 per month. That is after all taxes, health insurance, and 10% contribution to 401K. Currently have no revolving debt other than a $178/mos no interest student loan payment thanks to an ex employer. Credit cards are paid off every month. Otherwise typical monthly [...]

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Can a Landlord Health Inspector do this? I live in Wisconsin for Reference purposes?

Tuesday, March 16th, 2010

ValerieJ asked: The health inspectors were in the building I reside in about 2 months ago and found many repairs that needs to be made and was not up to code. Including mold. I was instructed by my attorney to put my October rent in a savings account untill the repairs have been made. The [...]

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Grad student - am I a good candidate for a mortgage?

Monday, February 1st, 2010

Anon Y. Mous asked: I am 23, turning 24 this year. I am a PhD graduate student and will be for another 3-4 years. I am paid a stipend of $24k/yr and my tuition and health insurance is covered as long as I’m in school. My FICO is 760. I have $16k in student loans [...]

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Should I BUY or Rent a house? I need an opinion?

Saturday, October 17th, 2009

kamran k asked: I just graduated from college and I have a debt of close to 50,000 dollars that I owe to the US DEPT of Education. I have 3000 dollars take home pay. I also have 50,000 dollars in my savings account. Zero credit card debt. I am looking to [...]

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Special savings account for buying a house?

Thursday, February 16th, 2006

scorpiomaj27 asked: Simple question. There are all kinds of special accounts for saving for retirement, school for your kids, school for you, health, is there anything tax-preferred or generally better for saving for a home downpayment?Todd Baier

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