Apartments for Cheap

Questions and Answers

Your Questions About Apartments

November 23, 2012

Paul asks…

What types of plants are suitable for apartments?

I have a balcony with pretty good sunlight, but no where to really put plants into soil. I wanted some bamboo! But I want to make sure that my plants literally have a good home before I buy some. So what types of plants are best suited for apartments?

Administrator answers:

House plants are good. Pots. Dirt in pots. Very nice. I have several in my dorm room. If you’re a first timer then get a hardy variety of plants. Mother-in-law’s tongue, aloe, peace lily, cacti, philodendrons, and pretty much anything as long as you do your homework.

But this time of year getting one won’t do you any good. It’s really only poinsettias, christmas cacti, and indoor winter bulbs… You can order online though.

Mark asks…

What are other ways to find informations about apartments?

I looked at certian apartments to information about it online and I couldnt find some those apartments..what are other ways to find information about apartments? whats good website to find information about apartments?

Administrator answers:

You could always get a walk threw, or go their and meet some of the people and ask what they think about the apartments their.

Nancy asks…

What is the best way to start off buying and renting apartments?

I want to rent out apartments. Not slums. How do you find the right area? Do you build new. Is it profitable. What do you watch out for. Is it easier to buy a single family and turn it into an apartment. I’m an electrician and could do alot of work myself.

Administrator answers:

What is your definition of a slum. This might be the area in which you might want to start.

You would want to learn about financing, owner selling and financing, bank REO properties

The best way to get started is to find a 4 plex in your area, secure a FHA mortgage loan. If there are tenants in the property presently, that would be ok, but you should move into one.

With you moving into one would make this an owner occupied property, thus getting the same interest rate as a person purchasing a single family home.

There are several things you need to know when investing in real estate or buying foreclosures, probates and other distressed properties for flipping.

First of all you should go to the nearest book store, purchase several books on buying, fixing and flipping foreclosed, short sales and other distressed properties and real estate investing. There are several that you might be interested in.

The real estate business change from time to time, so you would need to attend any legitimate real estate seminars that would be in your area or you can attend to keep up with the current trends. Business as usual can easily put behind the eight ball.

You will also want to find out if your state is a non-judicial or judicial foreclosure state. This will assist you in making offers as well time frames in which you have to work within when purchasing a foreclosed property.

Once, or, while you are doing this you should buy one of the TV guru’s distressed property programs. These programs will give you some legal forms you might use when writing an offer to purchase a property. You will also find several scripts to use in talking to your potential clients. The also give you tips and a formula on how to figure if you have a property that you can make money from before buying.

If you are without funds to accomplish this business, you will have to find some investors that will assist you. You will have to make a deal with them about a certain percentage of the profits made from the sale of the property. You will have to advertise in your local newspaper for these type individuals to assist you in buying and flipping.

Another method to use when you are without funds to assist you in buying investment property is to get the deal under contract in your name after which you wholesale the deal to another investor and let them do the fix up and repairs. You can collect anywhere between $5,000.00 to $10,000.00. In high cost property states you might even get more for wholesaling properties.

Normally this is 50/50 however it could be more or less depending on how your relationship is with the investor.

Now to purchase a foreclosed property depends on what phase the foreclosure is in.

#1 Pre-foreclose- the owner is still in the home, he has been notified that he is in foreclosure. Now he has to come current or the foreclosure will continue.

You can make an offer to the owner at this point, give him something in his hand to purchase his equity. Now you will also want to see if there is any repairs that need to be done on the property. If there is you need to know the cost of this repair. You will need to know how many months he is behind in his mortgage payments as well as any fees that the lender has incurred in trying to collect the mortgage payment. Now add these together to include what you had to give the homeowner. Also you must include how much you will need to hold the property, I mean making the mortgage, paying the insurance and taxes while you repair the house for sale.

Now find out the balance of the mortgage add this to the above figure. Now you need a method of finding out the current value of the property. All this information will tell you if you have a deal or not.

#2 The other way to purchase a foreclosure is when the property goes to sale. At this point you must have all cash and you must be able to prove that you have whatever the minimum bid is in cash, cashier’s check or money orders. If you have no proof you will not be allowed to bid.

#3 One last way is after the sale. If no one bid and get the property at the foreclosure sale, you may find out what bank owns the property, write an offer as well as a check as a deposit not to be cashed until the offer has been accepted. You might also inform them as to how and when you plan to come up with the remainder of the sales price. I have know some lenders to accept offers this way before the property is turned over to a real estate broker to sell.

Now you have to determine how you are gonna market yourself to get.

#1 You can purchase a pre-foreclosure list from a list broker (Join the crowd most do this and mail letters to the person that is in foreclosure)

#2 You can advertise in your local paper that you are in the business of purchasing foreclosures.

#3 You can do a direct mail to people in your city stating that you are now in the foreclosure business.

#4 You can do the research at

Ruth asks…

How do you make apartments on The Sims 2 AL?

I’ve got the sims 2 apartment life but i don’t know how to make apartments, anyone know how?

Administrator answers:

It’s done through cheats. Basically you go to a lot of your choice and build an apartment. Make sure each apartment has the appropriate doors.
(look in the doors section for the doors with the mats).
(this allow the game to tell the difference between an apartment and a room)
after building the apartment type in the cheat box (ctrl+shift+C):
changelotzoning apartmentbase
then exit to neighborhood.
Then afterward reenter the apartment with a family of your choice.

I hope this helps.

Laura asks…

How can I find out who owns or what realty manages apartments?

I am trying to find out the realty company or owners of an apartment complex here in Sacramento,CA. How can I do that? I looked on the internet for the Hampton Bay Apartments. Only the managers listing is there. Help

Administrator answers:

Here are sources for you:

- Some counties put the ownership info online. Go the county assessor’s website.

- go to the city or county assessor’s office

- ask a real estate agent to look it up. We subscribe to computer services that provide that information to us.

- ask a title/escrow company to look it up. They subscribe to the same services.

- ask the management company. It’s not usually a big secret who owns it.

Lizzie asks…

How safe investing in Apartments instead of invidual lands?

Would like to know how a real estate investment on land and a apartment is valued, espcially considering on the Future perspects, Return on Investment and also risk of apartments depreciation (damage/collapse etc).

Administrator answers:

If you ask for a choice, Only Land can appreciate more than apartment over period of time.

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