I want to buy a house

Discussion in 'General Business' started by randy23, Mar 12, 2008.

  1. aloksharma

    aloksharma Well-Known Member

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    #61
    Well, since you did not mention your location, its difficult to suggest.

    And asking you to try India or other country is no good option since you yourself have $10,000 and I think you will spend more than that on the traveling itself.
     
    aloksharma, Feb 28, 2009 IP
  2. spire8989

    spire8989 Active Member

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    #62
    I love that this post is about a year old and people are still trying to give her advice.
     
    spire8989, Mar 1, 2009 IP
  3. SmallPotatoes

    SmallPotatoes Peon

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    #63
    Why? Moving from the moon? Tickets from Europe or North America are no more than $2000. And that's a return ticket during high season. If you have a visa, you can move with a one-way ticket, and of course you can do it during low season.
     
    SmallPotatoes, Mar 1, 2009 IP
  4. aloksharma

    aloksharma Well-Known Member

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    #64
    And I think I missed something. The traveling expenses also include the money required to find a new home, living in a hotel, food, traveling around in the city, agent commission, registrar fee and a long list of expenses.....

    BTW, where she will get the documents from to buy a new home in another country. She will need to migrate, obtain a new citizenship of that country etc...That adds more expense to the list.

    Anyways, why it should bother us. I don't think randy23 has been here again. I did not see a single reply of hers in these 4 pages.
     
    aloksharma, Mar 1, 2009 IP
  5. appleninja

    appleninja Peon

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    #65
    Not sure if you are still looking for advice, but for those in a similar position $10K is not a bad amount to use for a downpayment. A few things you could do:
    1. Use a friend/family member to cosign the loan with, guaranteeing them a percentage of the profit when you someday sell it. If you use the equity in their mostly payed off home, you won't even have to touch their money, they'll just have to sign a contract saying they will if you can't pay your monthly mortgage fee.
    2. Try rent or lease to own. Just make sure you read the fine print well and don't pay an arm and a leg for your non-refundable deposit.
    3. A more advanced technique that you could research is called buying "subject to." If you can find a deal like this it is almost ideal as you don't have to put any money down.
    4. 3. Rent out 1 or more of the rooms for a few years. If you buy a 4 or 5 bedroom house this can really add up!

    Good luck!
     
    appleninja, Mar 1, 2009 IP
  6. bmus

    bmus Guest

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    #66
    Sorry I had checked the date of the posting, I'll keep that in mind.:)
     
    bmus, Mar 2, 2009 IP
  7. lifeplayer

    lifeplayer Notable Member

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    #67
    It is depend on which country you from.
    $10k might be a good money to get a house from certain country
     
    lifeplayer, Mar 2, 2009 IP