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Mortgage Professor about benefits owning multi family house: 
How Do You Divide a Two-Family House Financially?
July 23, 2001 "My family is looking to buy a two family house for $200,000 with another family.  We have no cash but the other family will put 20%  ($40,000) down for both of us.  How do we divide up the mortgage payment and the ownership shares ... more...

Are House Seller Contributions Kosher?
July 10, 2000  ?I offered $289K for a house but was not able to make a down payment.  The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment.   When we sat down to sign the ... more...

benefits owning multi family house related definitions

Homestead
Homestead Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting homestead ... more...

Homestead Exemption
Homestead Exemption Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

What is a Family Readiness Group?
A Family Readiness Group (formerly know as Family Support Group), is an organization of family members, volunteers, and soldiers belonging to a unit, that together provide information and assistance to others in the group. According to DoD website, www.myarmylifetoo.com, The Family Readiness Group ... more...

Sanity Check - Buying A Business
In the business broker community there is a review process that helps a buyer determine if a business purchase makes sense or not. This check can be done by a Fortune 500 company where everything is figured down to the penny and takes 1000 hours of research or it can be done by a small main street ... more...

Your Building Your Dream Home, But Where Do You Start?
You have finally found the perfect lot, in the neighborhood of your choice, and at a price you can afford. Now you have to decide what type of house you want built. In fact you may even know the house you want, be it a big rambling farmhouse, with a wrap-a-round porch reminiscent of your ... more...

Do You Have A Vision?
Here's one of the most important questions you'll ever be asked (that is, If you're a dad, or you ever plan to be): Do you have a vision for your family?Now I know the answer for many of you will be a resounding, "Yes!". I think at some point all of us most likely plan, in some way, for our ... more...

5 Simple Steps to Sell Your House Fast!
The decision to sell your house wasn't made on the spur of the moment. It may have been spurred by the desire to live in a nicer home, the need to move for a new job or the necessity to get a handle on out-of-control costs. But whatever the reason for the decision, you've got a lot of work ahead of ... more...

Renting a House
Renting a house or a room in your home is a great business that millions of people take advantage of to make some extra cash. While many people rent houses each year, not all of them are successful. Renting a house can be profitable and rewarding if you manage it properly.Benefits of Renting a ... more...

How to Achieve Financial Freedom with Your Home
The secret disclosed on how you too could achieve financial freedom through property (and tell the pension companies just where to stick their measly, worthless pensions) Geoff Morris is a self-made property millionaire who made it in less than 18 months even with a hectic 'day job'. He has written ... more...

Whitewater Trip Panning: Whitewater River Rafting Main Salmon River Idaho
"The best family adventure vacation we have ever had.""In this fast paced world I never get the time to spend with my teenagers. This is an excellent way to stop the clock and have fun with them. Thanks for the trip of a lifetime!""My goal was to have a special time with my granddaughter and we ... more...

How To Spot A Good Buy
Beauty is in the eye of the beholder, particularly when it comes to buying a home. Features that attract one home-buyer may repel another.However, the one feature of interest to every home-buyer is price. Getting the most home for your money is paramount. The real problem is figuring out whether ... more...

17 Sure Fire Tips for a Successful Open House
The Sunday open house is a longstanding ritual in the real estate market, and many a home has been sold on a lazy Sunday afternoon. When used properly, the Sunday open house can be a great marketing tool.The following steps will help you get the most out of your open house and increase your ... more...

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