Question by Miao Tsetung: Will China’s new divorce ruling discourage women from marrying for money?
Or will it cause an added burden to women when they divorce?

Previously, brides in China usually received 50% of the house when their marriage ended. It is usually a requirement for a man to own a house before a woman will mary him. So, many families purchased a house for their sons so they could get married, but they resented their son’s bride receiving half of that house upon divorce. This new law is designed to protect the man’s investment in the house.

It may be that China is trying to establish something similar to community property laws that are common in the west. In this case, all property owned by either spouse prior to marriage is considered “separate property” and is returned to them upon divorce. But all property earned during the marriage is divided equally upon divorce.

Will this new ruling encourage young couples to marry and then jointly save for a house purchase, as is often done in western countries?

http://www.financeasia.com/News/268763,chinas-new-marriage-law-set-to-stoke-home-sales.aspx

Best answer:

Answer by She comes often.
yes, some ppl in china sign pre nup too, like in the west.
but really ”owning” a house is hard for ppl living in beijing or shanghai for example, because many apartments cost between 2 to 4 million yuan. it’s hard for many guys in their 20′s to pay off so much money at a young age unless their parents are rich. many married couples pay the morgage together every month after they get married, the guy may pay the downpayment first.

many laws in China are becoming more and more similar to the west. it’s just more reasonable that way.

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Question by Eric W: Can you really buy investment homes with little money down?
I see these late-night infomercials from Carleton Sheets and other people, talking about purchasing “distressed properties” and flipping them for substantial profit. I am selling my house now, and will soon have about $ 45K in cash to invest – my credit is absolutely terrible and I have only been in my current employment a short period of time. Are there ways I can purchase forclosures/mortgage defaults/”distressed properties” for a few thousand down and flip them, as these TV informercials say you can really do? How might I get more information without spending the damn $ 200 for this “wisdom”?

Best answer:

Answer by bull_rooster_aardvark
Yes you really can, but it ain’t easy (like he seems to say). Its like a job you are looking for houses all day, putting down lots and lots of offers to have a few accepted. Spending most of your time either fixing up the last purchase or looking for the next one.

Still, having said that I think it is a great way to make a living. The money is fantastic (but you do really have to put in alot of hours) and once you know what you are dong and have some money built up it gets easier and easier and you can even do several at the same time. I was flipping about 1 per month a few years ago – now I do other stuff (note I was not buying and resellilng the same house in one months time but if it took about 4-5 months to flip a house I’d have 5 in the works at one time so it averaged about 1 per month).

I think this is a great path to be on but the learning curve is steep and it really is hard work. As to the how, I would suggest just going to the bookstore (or even library) and reading lots of books on real estate investing. Watch the tv show about this too for more info, and join an real estate investment club. Also, I strongly advise getting a realtor license – you never need to buy or sell any houses but your own, but the license gives you access to so much more info and saves so much on commissions that you really need it.

Good luck, fyi I’ve read many, many books on real estate investing over many years. The main reason I stopped was I kept finding so little new info in each consecutive book there was no longer much point in reading more books.

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Question by greengo: Should I sell this house and invest the money? What should I do help?
My father in law has dementia and he needs nursing home care. I need an extra $ 2,500 dollars per month (over and above all of his pension money) to take care of him. I am figuring he will live another 20 years (he is young but demented).
He has a house where he used to live before we put him in the home. He paid less than 50 thousand for it many years ago, it is now worth around $ 300,000 because it is in what is now a really good location. If I sell it now there will be no capital gains tax, because you get a 2 year grace period once you move out of the house before it gets considered “investment property.” So assuming we sell the house and we get maybe $ 275,000 out of it, is there a way to invest it where the money will give interest anywhere close to $ 2,000 per month? Or should we just put it in CDs and cash them out every year? I do not know how to invest money, and I want to plan it so the house money will last. If I need an extra 25 thousand to take care of him every year, this will only last for 11 years and then what will we do? I am very afraid we will run out of the money and we can’t take care of him any more.
Another option is to rent the house, we would net about $ 1,000 a month on it and then would only need to raise $ 1,500 per month. But then if we sell it later, will be taxed heavily as a capital gain.

Best answer:

Answer by Karin
try this site (i’ve used it): http://topfin3.notlong.com/0AAHswt

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Buying investment property with 5 % down, for rental purposes
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Top tips for renovating your own property vs upgrading an investment property.
Barbara Goldsmith, professional financial adviser and business consultant discusses these important decisions.

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When buying your first investment property, something to think about is the possibility of being a property manager or maybe hiring one if being a landlord is not appealing. Research is crucial when buying investment property, so learn what to look for when buying land with tips from a financial planner in free personal-finance video.

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