A tag for questions on real estate or property.

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0
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1answer
23 views

large recurring transfers of to India from US and/or taking Indian mortgage

I am a US citizen and have lived in America my entire life. My wife is an Indian citizen is in the US on a Greencard (K1/fiancee visa) for the last few years. Before marriage, when she was in India, ...
1
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1answer
75 views

A Person Just Wants to Sell a House — Whats the Commission?

Lets say a person owns 2 houses and wants to get rid of one. Lets say usually its 5% listing (60/40) seller/buyer agent In this case theres no buyer agent because seller is just looking to sell the ...
1
vote
1answer
72 views

How much financial information should a buyer give an estate agent?

A friend of mine would like to buy a flat. It is currently a sellers' market and the agents write: Along with your offer we require your sales position ie. first time buyer or you have a property ...
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0answers
24 views

Guidelines on when to buy or rent an apartment (in Europe)

I am currently facing an important decision for my life: I finished studies and will soon enter industry to work. Due to the fact that I will likely earn some money on a regular basis, I want to ...
1
vote
1answer
51 views

What are the differences between a REIT and an MLP?

What are the differences, in layman's terms between a REIT and an MLP? Why should I choose one over another? Could you also provide real-world examples for both types?
0
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0answers
36 views

If some country joins EU will the house/land prices go up in more rate?

I read an article (not in English) that when e.g. Turkey joins EU the value of properties will dramatically increase, i.e. more than its current rate of increase of ~10-15% per year. How much this ...
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0answers
14 views

Should I buy a 2nd home for $450K at age 63, if I can put down 35-40 percent? [duplicate]

I own and lived in a condo apt. and have no mortgage on it and moved (out of state) and rent it out. I am supported by the rental income as well as still earning a modest income. I want to retire in a ...
0
votes
1answer
76 views

Should I buy a 2nd home for approx. $400-450K at age 63, if I can put down 35-40 percent?

I own and lived in a condo apt. and have no mortgage on it and moved (out of state) and rent it out. I am supported by the rental income as well as still earning a modest income. I want to retire in a ...
0
votes
0answers
38 views

Without my consent can my father give away his part of property joint-owned with me in Mumbai

Can my dad give away his part of property joint-owned with me in Mumbai without my consent? Can he make a will where he has put such an instruction? This is with respect to Mumbai India
2
votes
1answer
201 views

Buying a property for cash

Although I'm no expert on mortgages and the property purchasing process when using one, I'm even less aware of how the process works when buying a property for cash. I will soon be in the fortunate ...
0
votes
1answer
45 views

Is mumbai thane district flat property ownership name available online?

I own a flat in Thane District near Mumbai. I would like to know if I can look up the ownership record online if I enter the address on a government provided facility. Is such a facility available to ...
0
votes
1answer
77 views

How much does it cost for a eviction lawsuit in Mumbai?

I have a tenant who is refusing to leave. He has not paid any rent. How much will it cost to evict this tenant? How much can i expect an attorney to charge me for court proceedings and how much will ...
1
vote
1answer
66 views

Can I take tax deductions for a second residence where my son lives?

I own a small second residence where my disabled son lives. He is unable to pay any rent and probably never will. For income tax purposes, can I depreciate the house, deduct property taxes and ...
0
votes
1answer
47 views

Does a significant turnover of homeowners in my neighborhood directly affect property value?

I've recently noticed lots of "For Sale" signs in my neighborhood, I'd venture to guess as high as 10%, which seems like a significant turnover. Aside from efforts by sellers to increase curb appeal ...
0
votes
2answers
90 views

While interest rates are low is it better to take a short-term fixed mortgage or long-term one

In the UK mortgage uinterest rates are historically low and I'm in a position where paying off a small mortgage in tens is financially viable. There are however two courses of action I could take: ...
1
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2answers
67 views

Personal Asset Protection - How to protect asset against a deficiency judgement?

For people that are going through foreclosure and have the assets to pay for any deficiency judgement, how can they protect those assets? Cash Investments Other properties Businesses I am not ...
1
vote
2answers
60 views

Joint Property - single occupant

My wife jointly owns her paternal house with her sister. Her sister lives in that house but my wife does not. The house is big (3 bedroom 2000 sq.ft) for her sister living all by herself and we ...
1
vote
1answer
85 views

What do I bring to an accountant if I own a house?

I bought a house in Dec. 2014. I wrote checks and paid both School and County taxes on it in 2015. I have the bills for these taxes. Is that enough? I went on the county property tax information ...
1
vote
1answer
128 views

Buying a house to partially rent out - what to consider?

I'm considering buying a house in the next year or so, and my plan is to rent out room(s) to help pay off my mortgage. I have no debt and will have a 20% down payment on the house, and intend on ...
3
votes
3answers
154 views

When buying a duplex are current “cash tenants” a situation to avoid?

I'm looking at duplexes for sale with the intention of buying one (both sides) to rent out. From an income-property buyer or landlord perspective, are properties for sale with cash tenants in place ...
1
vote
2answers
105 views

Reason to give for personal loan in USA to buy land in India?

I am buying a land in India for that i need personal loan for about 15k. I am not sure what should be the good reason to give to credit unions to get the loan approved. Please suggest and thanks in ...
3
votes
1answer
51 views

Use of Self Directed IRA for Lending Second Mortgage

Here's the scenario: Let's say that I have someone who wants to borrow money from me to buy or rehab a house (i.e. secured loan), but I do not have enough money in my personal savings or self directed ...
4
votes
1answer
86 views

Tax treatment of renovation costs and mortgage interest on a second house

In mid 2015 I purchased a house with the intention of completely renovating it and renting it out. The renovation is now complete with approximately half of the renovation cost incurred in 2015 and ...
2
votes
1answer
42 views

What is the procedure for forcing a buyer to close escrow on required date?

I'm in contract for my home, the buyer has removed all contingencies. For various reasons, I wish to close by the agreed date, or cancel the contract. I understand that even if the close-of-escrow ...
0
votes
1answer
36 views

Property purchased for residence abroad

If I am residing in the US but I purchase a secondary vacant property (residence) abroad (India) for my own personal use (not for rent), and pay the property tax to the Govt of India, then do I still ...
3
votes
2answers
87 views

How to properly do background check for future tenant in my own house?

I'm renting out a bed room in my own 4-bedroom house. This is the first time I'm being a landlord. How do I do proper background check of new tenants and reduce my risk that the person is a criminal?
9
votes
1answer
78 views

Can capital gains or rental income be used for contributing to a retirement account?

If my wife is considered a real estate professional, and she buys a house to flip, can the gain be used to fund a tax retirement account i.e. SEPP or a 401(k)? Can the rental income from rental ...
0
votes
1answer
38 views

Taxes on sale of principal residence in Ontario

Is it correct that in Ontario, if you sell the home which is your primary residence, you pay absolutely no taxes at all on the sale? Are there any terms and conditions to this?
2
votes
2answers
132 views

What should I do financially if I suspect a housing bubble is arising and might soon burst?

Background In my country (Norway, though the same principles apply everywhere), there's a huge discrepancy between loans in terms of how much equity you need to put up when getting a housing ...
1
vote
1answer
51 views

A guarantee on the conveyancing solicitors

I am in the process of buying a property in the UK, and using a solicitors for the conveyancing. Due to this, I am placing a great amount of trust in the solicitors and effectively assuming that they ...
5
votes
5answers
172 views

Real Estate blind auction - who benefits?

The housing market in Portland, OR is extremely hot. So hot that realtors are now using blind auctions. Listings say Offers will be reviewed on [date] at [time] Prospective buyers are ...
1
vote
2answers
249 views

Is a seller obligated to agree to a Contingency Removal addendum?

I accepted a buyer's offer for my home. The contract (Residential Purchase Agreement, California) has an appraisal contingency. The buyer's lending bank appraisal came in below offer price. I asked ...
0
votes
1answer
104 views

Real estate agent wants a loan introduction letter

I was talking to a real estate agent (USA, CA bay area) who told me that I need to not only fill out a loan app, w2, and account statements but also write a introduction letter for the lender. I've ...
4
votes
2answers
154 views

Will I be able to purchase land?

I am 19 and I plan on working on a cruise ship to save up around $20,000 to buy a plot of land in Oregon and build a tiny house for myself; however all of this is just an idea at the moment, nothing ...
1
vote
1answer
74 views

Sell house in CO?

We bought a house in South Denver in 2003 for $245,000. We ended up moving and have rented the house since. Our current rent gives us an extra $1,000 which we put towards our new mortgage. We owe ...
6
votes
1answer
488 views

how do capital gains work if the property that you purchased was modified since it's purchase?

Let's say you purchase 10 acres of land 30 years ago for $10,000 and that 10 years ago the city declared eminent domain on a portion of the land and built a road through it. Now you own two tracts of ...
1
vote
1answer
66 views

Investing in a Condo or House [closed]

I am a single male and I live in Atlanta, Georgia. I am contemplating whether to invest in a house or a condo. As a lifestyle, a condo suits me better because I am single, I do not have any kids ...
5
votes
1answer
251 views

Estate agents faking offers on a property

I was recently viewing a property to buy in England, with an asking price of £400k. On the day of the viewing, but before my appointment, the estate agent informed me that two offers had already been ...
3
votes
1answer
311 views

Transferring money from the Philippines to the USA?

I would like to bring in $150,000 from my bank in the Philippines to another bank here in the US. This money is from a lot I sold which was given to me (under my name) by my dad who has already passed ...
2
votes
1answer
130 views

Age 24, with $12k saved, in Canada. Should I invest or save for a condo down payment? [closed]

Not to finance-savvy. I am 24 years old with about $12k saved. Working full time. No debt. No investments. What should I be investing in at this age? I was thinking of saving about 20 percent down ...
0
votes
4answers
108 views

How to take advantage of home appreciation

Lets say my home's value appreciates considerably. How can I take advantage of this? I'm unwilling to downgrade (all the other houses in my area has also appreciated, so if I sell and re-buy, I would ...
25
votes
5answers
7k views

My father has passed away and I want to buy his home

My father has passed away and I want to buy his home. There is no mortgage left and I will be paying off my sister half of the house value. Do I need to get a new mortgage?
2
votes
1answer
78 views

Tax Status: Second Home or Rental Property?

In the USA, how is the tax status determined on real estate where no rent is collected and which is occupied by friends or family? Is this considered a second home or a rental? Can something still ...
0
votes
1answer
47 views

Effect of property tax reduction on sale price

EDIT: TL;DR: If property tax assessments are lowered, will that be likely to lower what you can get for the house when you sell it? I am currently residing in the estate house of my late mother, ...
5
votes
3answers
117 views

Extended family investment or pay debt and save

I'm 25 and my wife is 24. My extended family is about to start a new investment fund, where every member basically contributes an amount between $50-$100 (amount per person) monthly. The purpose is to ...
1
vote
4answers
282 views

Can rent be added to your salary when applying for a mortgage?

I'm interested to know whether mortgages in the UK are ever given by taking into account any rent that the owner may acquire, rather than simply the owner's salary. My understanding of standard ...
0
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2answers
51 views

Impact of EIN on taxation

I have already an LLC in Michigan and I am the only resident agent/member of it. I am now going to apply for an EIN. Is it possible if (After getting EIN) I change my LLC type (disregarded entity or ...
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2answers
268 views

What explains high house prices in popular areas?

I have noticed that property prices near popular areas are much higher than what could be deduced by construction costs only. For example, in Finland, I can find a new 35.5 square meter row house in ...
1
vote
1answer
164 views

Use a 529 plan to escape taxes of investment property sale

So I have been attempting to devise a way to go back to school in a cost effective manner. I enjoy what I do but I really want to continue learning. Unfortunately, like many on here I am cheap money ...
5
votes
1answer
53 views

what does “private equity structures” mean?

I'm translating an article about finance. What does "private equity structures" mean in this context - He said that popular ways for UHNWs to invest in real estate included property club deals ...