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Old 09-12-2018, 09:10 PM
 
Location: Here and there, you decide.
12,890 posts, read 26,618,353 times
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Don’t forget to add the fees, such as closing costs, etc
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Old 09-13-2018, 07:26 AM
 
Location: North Las Vegas, NV
628 posts, read 352,207 times
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I did some research on closing costs and obviously I'll need a lot more than 10k to pull it off.

Are there any small two bedroom homes here? Is it easier to purchase a condo?
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Old 09-13-2018, 07:36 AM
 
Location: Henderson, NV
1,073 posts, read 937,020 times
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Quote:
Originally Posted by vegasfan1985 View Post
please take note there are a lot of locals not happy people keep moving here and the cost keeps going up. So they are trying to prevent more people from moving here.
lol.
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Old 09-13-2018, 07:52 AM
 
Location: North Las Vegas, NV
628 posts, read 352,207 times
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Quote:
Originally Posted by vegasfan1985 View Post
You should look into home is possible. They give you 5 percent down for your first home if you qualify. But it must be your primary residency. If anyone needs a good loan officer, I can recommend someone via private message. 660 credit score is needed.

I'm not sure how someone blew through $9000 in savings in 3 months on rent unless you moved with your family and got a house.

Please take note there are a lot of locals not happy people keep moving here and the cost keeps going up. So they are trying to prevent more people from moving here.

And the cost is cheaper than Florida. I'm not sure where that other person lived, but my rent for first year was half what it be in Florida to live somewhere comparable.
Transunion score is 695 but Fico score is considered poor at 585 according to Wells Fargo.

Where does that leave me? Do I need to rehabilitate my scores further before considering purchasing a home or condo?
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Old 09-13-2018, 10:25 AM
 
Location: Here and there, you decide.
12,890 posts, read 26,618,353 times
Reputation: 4993
Quote:
Originally Posted by WisconsinVegasHeights View Post
Transunion score is 695 but Fico score is considered poor at 585 according to Wells Fargo.

Where does that leave me? Do I need to rehabilitate my scores further before considering purchasing a home or condo?
depends whats causing the low scores... if its credit cards and late payments (charge offs, etc) that are fairly recent 5yrs, those will have to be paid off first


take your three scores (from myfico in my opinion), and average them....even if you get the 5k help and such and get just an average home (median is 270k), your payment will be around 2000 a month when you add insurance, pmi, hoa, etc..
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Old 09-13-2018, 11:37 AM
 
265 posts, read 184,725 times
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Credit score will impact your monthly pmi if you aren't putting down 20 percent. Pay off as much much debt as possible.
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Old 09-13-2018, 02:58 PM
 
469 posts, read 441,053 times
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Quote:
Originally Posted by RatherBeOnSafari View Post
We own a business and in the last month, we've been hiring. Looking for someone part-time, specific knowledge needed.
We find someone and the day before they are to start, they call and say they got another job offer. 3 times!
We pay well, so I'm guessing they are getting full-time offers. Good for them!
Finally found one, exactly what we and employee were looking for. Glad earlier ones didn't work out. This employee is under 25, so not much work history. But very specific what they had, which we were looking for. It's all worked out great! Now we are aware they could get a full-time job offer. That is what we want for them long run. But the time here will be valuable on their resume. Do have a degree, don't look for that. I'm looking for specific job skills.
I'm hearing the same thing from friends who also own businesses. One friend in finance took 3 years to find someone. The too have hit pay dirt.
Both who I and friend hired were new to town. My feeling is the employability of the people who have moved here in the last few years, is much better than the wave of people that moved here prior to the Real estate crash. Meaning they have job skills that are desirable. Can pass drug tests. Have degrees, etc.
There are also many new businesses and businesses that have relocated from other locations around the country. These need employees too. While these are my opinions, am active with the Small Business Association. So am aware of how things have grown there due to the demand for information, etc.
Moving ANYWHERE without a certain amount of reserve money for back up, is crazy.
What’s your business name if you don’t mind sharing.
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Old 09-13-2018, 08:13 PM
 
Location: North Las Vegas, NV
628 posts, read 352,207 times
Reputation: 635
Quote:
Originally Posted by airics View Post
depends whats causing the low scores... if its credit cards and late payments (charge offs, etc) that are fairly recent 5yrs, those will have to be paid off first


take your three scores (from myfico in my opinion), and average them....even if you get the 5k help and such and get just an average home (median is 270k), your payment will be around 2000 a month when you add insurance, pmi, hoa, etc..
I did have massive credit card debt and charge offs, but I paid them all off in 2017.

Right now I have zero debt. One judgement on my record because one of the credit card companies took me to court. That judgement has been paid as well.
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Old 09-13-2018, 09:16 PM
 
Location: Here and there, you decide.
12,890 posts, read 26,618,353 times
Reputation: 4993
You should request deletion from the companies you paid. By paying them in 2017, the clock has been reset. They fall off your credit report in 2024 if they were paid off in 2017. Never ever pay a collection agency without having them go through the hoops of proving the accounts. Go to the site creditboards . Com Lots of great advice there and sample letters to use
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Old 09-13-2018, 10:03 PM
 
Location: North Las Vegas, NV
628 posts, read 352,207 times
Reputation: 635
Quote:
Originally Posted by airics View Post
You should request deletion from the companies you paid. By paying them in 2017, the clock has been reset. They fall off your credit report in 2024 if they were paid off in 2017. Never ever pay a collection agency without having them go through the hoops of proving the accounts. Go to the site creditboards . Com Lots of great advice there and sample letters to use
Thank you and by the way I am no longer in 89106. I upgraded to 89032.

I think I will work on that fico score before I consider buying a home.
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