Estate Planning USA.com

Serious answers please. I am thinking about dropping the French major down to a minor, in undergraduate studies. However, for the moment, I am double-majoring in both finance and French. Everyone to whom I tell this is very impressed, yet the follow-up question is: What are you planning on doing with both majors? I am very interested in real estate right now. What do you propose I do?

I got accepted into a Physician Assistant Program for Undergraduate. I know that they make about 80-100k if I go into surgery. I am also thinking about going into medical or dental school so that I could go into surgery/maxillofacial surgery and do expensive facial treatments. But I don’t really like to work super hard, because after going to a very hard high school, I decided its not worth it. But my plan is to become a physician assistant in surgery by about age 23 and then to buy a two family house when I am 25 so that I could get rent income. I also have my parent’s house which I would probably convert to a two family also so I could get even more profit. I realized that by the time I am 30-32 I could afford to buy a luxurious house and then live a nice life because of all the rent income I get without having to work that hard at all. What do you think? Do you think I could just rely on real estate instead of going into dental/medical school?

I’ve been really fed up with my low-income status lately, and I know the country is in a recession, but, I know there must be SOME ways to grow the little money I have overtime. Although I would love a get-rich-quick scheme, what I’m looking for is something quite long-term.

I’ve been thinking about investing, real-estate, stock & bonds, etc. but I am not a math person and I know little about finance. Where do I start? How can I easily transition into a smart, yet less complicated plan to make my money grow?

Thanks, in advance, for answering! You don’t know how much I appreciate the advice! :>

I really do feel for people that are having their home foreclosed upon, but at the same time the foreclosure bailout seems unfair. Check out this CNN article: http://money.cnn.com/2008/11/13/real_estate/foreclosures_october/index.htm?postversion=2008111306
"On Tuesday the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), unveiled a new program to help eligible borrowers stay in their homes by lowering their monthly payments to 38% of gross household income. "

It makes me want to quit my job and be a stay-at-home mom if I can get the government to adjust our mortgage to only 38% of just my husband’s income. But instead we are trying to be responsible and save money and are both working hard so that I may be able to do that one day…not trying to mean to people who are in unfortunate situations, but I think there needs to be a plan that is fair to everyone - those who are in a financial mess and those who work very hard not to be in one.
thanks Tim, I did not realize that - I thougth their interest rate would be lowered.

I am 21 years old and there is a property next door that i wld like 2 wholesale. it has really good terms. i called this real estate investor that bought a house from me in the summer to see if he cld help me but he didnt want to. alot of ppl act that way probably bc im young & i dont look a day over 15. the guy was like your going to need a bank and the banks dont want to lend out any money. and i was like i dont need a bank bc im trying to wholesale, besides these ppl are so motivaed they said bad creidt ok no money down low int rate & owner finance. these are really good terms. he was like well no one is buying. i doubt that bc there is so much prop out there 4 just pennies on the dollar!! ppl are buying he just didnt want to help. i was planning on writting up a contract, and then finding some1 to buy b4 the contract is up. there are lots of ppl in the classifieds saying we buy houses & realestate wanted. im sure someone will buy! its just been renovated and everything. i just dont know how to write up contracts and i dont want to be stuck with a house that i cant sell. but if i do sell i can make some much needed money. so can anyone help me. by the way i live in san antonio texas.

I always have a fear of buying a manufactured home vs a stick built. I’m a first time homebuyer and really rather own than rent. I looked at various real estate agencies that sell stick built and manufactured homes. A stick built that falls within my range are 2 bedrooms 1 bath and are built in 1909-1920, while a manufactured home has 4 bedrooms 2 bathrooms and is 30K less than a stick built home and is built around 1998. I’m not planning to stay in the city more than 2 years until I’m finished with college, I have a very good credit score and manage my finances very well. I have a lot of reservations about purchasing a manu home because I fear that there must be something wrong with a manufactured home because the price is so cheap Can anyone give me insight on this? Is buying a manufactured home a horrible idea for a first time homebuyer?

Ok, here’s the deal. I am currently in a home that has been on the market for 6 months. The market is very slow, and it looks like I am at a dead end.

I plan to stay in my next home for the rest of my life. So I don’t need to worry about getting financed for another home. I am thinking about ditching the one I am in and moving to our new home.

I need to be able to be approved for a few loans. One being my daughter’s braces in a year or two, the other would be for sending my three girls to college.

Finally, my question is, is this a good idea? Would I be able to get the loans I need in the future if I kept my credit up with on time payments? Or will I screw it up for my child’s education in the future?

I know the bank would at least be able to get the amount owed. Thanks for your time, this is becoming a stressful mind boggle! Just want to add after reading the answer given… My real estate agent said it’s no big deal.. it would be wiped out in 2 years, and I could get into another loan for a house if I needed to…
I am not in a financial bind. I just need to get out of this small house before school starts.

What is a good way to market myself to investors.

I plan on using investors to build and finance Real Estate developments. I was looking for people’s opinions on good marketing strategies that they have used to acquire funding from private sources (I am not looking for opinions on Real Estate, the market, or what you may believe investors do or do not invest in).

I have been working overseas, and my one year contract is over with. Will I be able to get financing without a present job?
I am a Trucker, and a Carpenter for most of my life, jobs were usually temporary by nature. No I am not "self-employed"(should I become "self-employed"? -to help the process?) I plan on taking next year off. but I would like to purchase a cheesy little cabin in the mountains when I return.
If I declared myself self-employed do I need a document? or just my past W2(s) (in which clearly shows that I have NOT been self employed?

Do you believe I should buy a house in about 1 year? Do you think Real estate will keep on dropping?

How about rates. What do you think will happen to rates fluctuation. It’s about 5.875 right now for 30 year fixed 100% financing. Should I wait?

I’m planning on buying a 300k house in Chandler, Arizona