Determining Preferences

 Reader Question: I am buying a commercially zoned property for personal use. I will be storing personal items and not operating a business. The value of the property is $35,000 dollars. Will I be required to get a commercial mortgage? Also, would I be required to…

Reader Question: My home is paid for and recently went up for sale (375k). I want to buy another home in the neighborhood (420k). How can I do this before my present home sells? I do not want to miss…

Reader Question: Hi Monty, My spouse and I live in a rental home that the current owners want to sell to us. They floated an idea in which they become the “lender”, sell us the home and we make payments…

Reader Question: Monty, I am a first time homebuyer. I have been saving for several years and have a good down payment, but I am in no hurry. I like your column, but there are so many topics to consider….

Reader Question: Monty,houses are selling at one third of what their market value was five years ago. Should I buy one, two or more? Monty’s Answer: The answer to your question will be different for different people. There is no…

Reader Question: Monty, I live in an apartment with several friends. I have a terrific job. I am the only one with a steady income. I am considering purchasing a home to get the tax breaks and renting rooms to…