Newsflash: How far can a house be for a teacher to qualify for GNND?

Im interested in the GNND program but i see that for a teacher to qualify, the house must be in the area “that serves the students.”What does this mean? I live in houston and houston is HUGE and has SEVERAL school districts. Am I limited to the same DISTRICT or is there a certain radius that i can live in?Anyone know?

Read more at https://www.reddit.com/r/RealEstate/comments/6qrs2w/how_far_can_a_house_be_for_a_teacher_to_qualify/?utm_source=ifttt

Advertisements

Newsflash: House in living trust. How do we sell/rent it out?

I’m trying my best here with the legal terms. I hope I’m doing it right. We will be consulting a professional before actually doing anything. This is mainly for us to see the picture more clearly as we loosely plan our next step.Background: I am very lucky to have generous and responsible parents. A year ago, they placed the house that they were in (California) into a living trust where I (only me) am the beneficiary trustee. Since then, they’ve moved out to pursue whatever retirement dreams they have and my wife and I have moved in to save money. They’ve also given me POA (for each parent) over any matters that the house would be involved in. In short, they’ve given me a lot of financial freedom with regards to House. If it wasn’t due to tax reasons, the ownership would be transferred to me already.Question: We would like to move to a different county and start a family. If I owned the house outright, I would either sell or rent it and use the proceeds to buy our place. However, the house is owned by the trust that my parents set up and we have no idea how trusts work when transactions are involved.Scenario: Selling; If we sell the house, do the proceeds go to the trust? Would the trust be the “buyer” of the next house? Say, we sell the current house for 300k and the next house costs 400k, I assume we would be putting in 100k of our own money into the sale?/trust? to make up the difference. Would there be a split in ownership? We’d like to avoid putting our own money into the trust itself JUST in case my parents resumes control of the trust and we’re out 100k.Scenario: Renting it out; I assume the rental income goes to the trust? Would the trust be paying income taxes? Can I, as a beneficiary trustee, collect a salary from the trust? Would the rental income be doubly taxed (once by the trust and once by paying me)? In short, how can I get money of the trust legally without paying a lot of taxes?Thank you so much for any advice you can give. If there are any other things that my wife and I should be looking at, we welcome the pointers. 🙂 Our finances are relatively simple beside this one.One last question: Should we be asking a financial advisor or a trust lawyer about these concerns?

Read more at https://www.reddit.com/r/RealEstate/comments/6qrc4c/house_in_living_trust_how_do_we_sellrent_it_out/?utm_source=ifttt

Newsflash: First-time homebuyer – should we buy a condo/townhouse or single family home in our market?

My fiancee and I (both mid-late twenties) have been actively searching since November to purchase our first place after living in a townhouse for the last 2.5 years. Unfortunately, our market is extremely hot (Bozeman, Montana) and it doesn’t show any signs of letting up with new people moving here every day and record-setting population growth.Our dilemma: we have always wanted a single-family home since we have two dogs and rentals are hard enough as-is, let alone ones that allow pets. However, we recently received a notice from our landlord that he is selling his current home and close in early September and move into our unit, giving us very little time to find something. We do have backup plans and friends that have offered us places to stay and store our stuff, so not a huge deal.With that said, should we continue to be picky and go for a single-family home that might be slightly above our budget (possibly needing a roommate), or just settle and purchase a condo or townhouse? We would then hope to purchase a home within 5 years and rent the condo. We do have 20% down and will be financing with a conventional loan if that makes any difference.Any help or advice would be extremely appreciated.

Read more at https://www.reddit.com/r/RealEstate/comments/6qr298/firsttime_homebuyer_should_we_buy_a/?utm_source=ifttt

Newsflash: Builders of Reddit. It’s commonly believe that new housing supply is at historical lows. With so much demand for homes, what is stopping you from building more homes?

Often we hear that the real estate market is hot because it’s a supply issue. Given the growth of the market and fortunes to be made, why aren’t builders building even more homes?

Read more at https://www.reddit.com/r/RealEstate/comments/6qqryn/builders_of_reddit_its_commonly_believe_that_new/?utm_source=ifttt

New Story Just Out: Country Music And Brain Research Come Together At Nashville Summer Camp

Yet another interesting headline in the world of health and well-being. Country Music And Brain Research Come Together At Nashville Summer Camp
Researchers in Nashville are tapping into a country music camp to learn more about Williams Syndrome, a rare genetic disorder. Many people who have it love music but don’t know why.

Read the full story here

New Story Just Out: To Help Keep Sturgeon Sustainable, Farm And Fishery Work Together

Yet another interesting headline in the world of health and well-being. To Help Keep Sturgeon Sustainable, Farm And Fishery Work Together
Because demand for seafood is rising and wild stocks are not, a hatchery owner in Canada is hoping his model of “responsible agriculture” can keep the prized fish both on the menu and in the water.

Read the full story here

New Story Just Out: Scientists Edge Closer To Elusive Lab Test For ‘Chronic Fatigue Syndrome’

Yet another interesting headline in the world of health and well-being. Scientists Edge Closer To Elusive Lab Test For ‘Chronic Fatigue Syndrome’
Stanford University scientists have found an array of proteins in the blood whose levels correlate closely with the severity of symptoms of the mysterious illness that’s increasingly known as ME/CFS.

Read the full story here

New Story Just Out: Country Music And Brain Research Come Together At Nashville Summer Camp

Yet another interesting headline in the world of health and well-being. Country Music And Brain Research Come Together At Nashville Summer Camp
Researchers in Nashville are tapping into a country music camp to learn more about Williams Syndrome, a rare genetic disorder. Many people who have it love music but don’t know why.

Read the full story here

Newsflash: Landlord trying to evict me because my roommate was drumming on a drum pad during the day this weekend (Los Angeles)

So this is the continuation of a saga of posts that I’ve made here. Really need you guys’ help! Got a call today from my landlord that the neighbors downstairs complained about drumming coming from my apartment this weekend (I haven’t been home, my roommate who is a drummer has been home), and that he has to evict us. I called my roommate and he was rehearsing for a show with a friend, during the day on a small drum pad like this: https://www.thomann.de/pics/bdb/270959/6864094_800.jpgHe was being mindful of the time and he wasn’t playing very loud. This is the second time the landlord has contacted us about noise. The first time is detailed in Post #2 below. The landlord says we have to leave in 3 days, which sounds totally ridiculous to me. I’ve contacted HCIDLA and am waiting to hear back from them, and I’ve contacted the LA Tenants Union and I’m waiting to hear back form them. I called the police department and they said that there is no decibel or time requirement for noise to be considered a nuisance…only when it disturbs someone else. Really need advice! I would hate for this saga to end with us getting evicted and screwed out of a lot of money. Come through for me Reddit!Post #2: https://www.reddit.com/r/RealEstate/comments/6ivxdb/relationship_with_landlord_that_wants_us_out/Post #1: https://www.reddit.com/r/RealEstate/comments/5vmx6v/apartment_building_was_sold_old_owner_told_the/

Read more at https://www.reddit.com/r/RealEstate/comments/6qqdve/landlord_trying_to_evict_me_because_my_roommate/?utm_source=ifttt

Newsflash: Haven’t collected rent from a tenant in some months; how to proceed?

I ‘delegated’ collection of rents to a ‘trusted’ friend in the last year. I know i know.. anyways, the person didn’t collect rent intermittently from my tenant for almost 6 months.. So, I don’t have rent money and corresponding receipts for 2016 Oct-Nov, 2017 Feb-Mar-Apr-May (6 months).Renter is a very nice guy and is promising to catchup within reason but I am not sure if if this is something I am legally allowed to collect back-rent. or just have to pursuade the tenant to pay back the uncollected rent.EDIT: location: dallas, tx (i think irrelevant, but bot commanded me to do it)

Read more at https://www.reddit.com/r/RealEstate/comments/6qpver/havent_collected_rent_from_a_tenant_in_some/?utm_source=ifttt