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Moving out for the first time, any tips?

Posted by Real Estate Investor on Jul 08 | Real Estate Investing Chatter

I’m moving out for the first time. Im moving out with my fiance and our baby girl. We found a one bedroom for 1,300 in southern california. That includes no utilities. My fiance and I are splitting the cost. How much should we save before leaving the nest. We both have full time jobs, but I just want to plan ahead so we arent struggling.
How much are we going to need to save?
Any tips would be great?, more 

and Should i buy a house with my brother?  So my brother asked me to buy a house with him.
I would obviously go halves in the mortgage with him but him and his girlfriend would live there and i would still live at home…
How would i work out what is a fair outcome for paying off mortgage etc., more 

and Can I refinance if I owe more than my house is worth?  We’ve lived in our house for about 8 years now, and our first mortgage is about 195K and we have a second on it and that balance is 79K. Our first mortgage was a 5-year 4% ARM that we got in 2002. The agreement after our ARM was up was that it couldn’t go higher than 1% per year, so at that point it was still cheaper than trying to refinance. Our home equity loan (at 79K) is at 7.25% and is adjustable. We owe a total of $274 but when we tried to refinance last winter, our appraisal only came out to $234K! We were shocked, since just 6 months earlier we were thinking of putting it on the market and our realtor pulled comps from the area at that time and told us we could put it on the market for $330 or so.
We just really want to refinance to a fixed rate. Any advice on how to do this? Our mortgage is owned by Freddie Mac, so I don’t know if we might qualify for one of those loans through the government (makinghomeaffordable.gov). I’m not really sure what those conditions are. We are not having any problems keeping up on our mortgage payments, but we just want to avoid our rates from skyrocketing! Thanks!, more 

two repoed homes were bought by banks/trust companies-what will they do with them?  one of them was deutsche bank the other la salle….would they fix them up and try to sell again?? I’m confused as to why banks bought the repoed houses from another bank? why would a bank want to buy a repo?, more 

and minor scuff on shelves in cabinets, norma wear & tear?  I have white painted shelves in my kitchen and similar white painted shelves in my closet. I cleaned both with magic erasers, but there’s still some minor scuff marks here and there. Is this considered normal wear and tear? I didn’t do anything negligent or anything, I honestly only used them pretty infrequently to store stuff., more 

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