A tag for questions on real estate or property.

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2
votes
1answer
210 views

Does a falling dollar mean doom for real estate?

The Aussie dollar has started its downward trend and is predicted to go down to USD 70 cents. I was planning on purchasing a property for myself to live in. However, members in public forums are ...
0
votes
0answers
12 views

Profit sharing on pagdi house

I have bough my 1bhk flat for 2lacs on pagdi system and now I want to resale it. How much share I'll get on profit if my house is sold for 12lacs.
2
votes
1answer
78 views

Can I take a loan against propety in my children's name?

I am from Chennai, India. The house which we are living in Chennai used to be in my father's name. My father has four children and I am the last one, daughter and I am widowed and living with my ...
2
votes
1answer
50 views

How correlated are apartment and house prices in the same area?

I live in a city (Australia) where I think apartment prices are going to fall. I think they've already fallen a little bit but there are so many more units coming online in the next year or so. ...
1
vote
2answers
45 views

Construction loan for new house replacing existing mortgaged house?

Let's say I buy a home with an ordinary thirty-year mortgage, intending to renovate the house slowly and live there a long time (ten years at least). Five years into the mortgage, however, I decide I ...
8
votes
4answers
425 views

Rental Property: What is considered decent cash flow? (with example)

I'm looking into buying my first rental property in Syracuse, NY. I'm looking at this one: http://www.zillow.com/homedetails/317-Wellesley-Rd-Syracuse-NY-13207/31678383_zpid/ The current list price ...
1
vote
2answers
111 views

Rental Properties: Is it good or bad that I can't find rental listings on that street?

I'm looking into investing into real estate and rental properties. I live in NYC, and want to check out properties in Syracuse. An agent gave me a list of his listings and I'm looking into one of ...
2
votes
1answer
65 views

Traditional IRA - First Home Purchase - Does the $10K limit apply to each spouse or the entire household?

One can withdraw up to $10K for first time home buyer. My question is if each spouse can make the withdraw or is 10K by purchase?
9
votes
4answers
1k views

Who pays the property tax on a home for the year of sale?

I sold a condo on the 2nd of January this year, and I was a bit taken aback when I got a property tax assessment for that property from the county for this year (this was not a bill just an assessment ...
5
votes
4answers
236 views

Home owners association for houses, pro/cons

(there is a question about home owners associations for condo communities here, so this is a) not a duplicate and b) fit for this website) In most contexts where I hear about a home owners ...
11
votes
2answers
2k views

If I sell my house, will I have to pay taxes on the profit?

I am in the United States, in Colorado. I purchased a house in July of 2013. It was in poor condition, so I spent the first two months repairing things before moving in. Now, 11 months after moving ...
3
votes
1answer
47 views

What will be the capital gains tax after we sell a rental home?

I'm in desperate need of some help. I've been asking different tax consultants about this situation, and I keep receiving different answers. My parents purchase a Tudor style home about 30 years ago ...
1
vote
1answer
119 views

Need exit strategy for aging mother who owns aging rental properties, please

I'm terrified for my 71-year-old mother's immediate future. She owns 12 residential rentals. We desperately need an exit strategy but she owes as much as or more than market value, and cannot afford ...
3
votes
1answer
66 views

How can I find out about right-of-way or easements when purchasing Land with powerlines?

I found a nice piece of land that I wish to purchase. I've never purchased a house or land before and I'm hoping for some advice. The property has quite a bit of acreage, but it appears that on the ...
1
vote
2answers
81 views

Simple Property Management Software

I am a property manager looking over 8 units in a boarding house. I was wondering if anyone knew of any free simple property management software or apps. All I really need to do is keep track of who ...
1
vote
1answer
56 views

1031 Exchange and Taxes?

We were given a property by my father in 2001 who was doing a 1031 Exchange on an investment property. Once we were given the deed and title of the property a year later, we started using it as a ...
2
votes
1answer
48 views

Determining CMHC insurance premium

Is the calculation based on purchase price with HST or without HST? For example, the property is being purchased from the builder and the stated purchase price includes HST. If the posted price is ...
0
votes
1answer
46 views

Is there an equivalent of writing calls on personal real estate holdings

Where possible I like the ability to write calls on the underlying asset for the residual income in a low-medium volatility environment Is there the equivalent of doing this with real estate? I am ...
3
votes
1answer
70 views

Rural home purchase contingent on Internet access availability?

I'm considering a move to a rural area where there are only two internet service providers. The only information we can get as to the availability and performance is from the home owners who are ...
5
votes
3answers
530 views

Settling house with husband during divorce. Which of these two options makes the most sense?

This is the scenario: Our house is worth about $250,000 (we think). We owe about $200,000, so we have $50,000 equity. We are divorcing amicably and both want a solution that is fair and makes sense. ...
2
votes
1answer
47 views

UK Ltd taxation on stocks/bonds income and real estate rent income

If I got it, the main tax an UK Ltd has to pay is the corporate tax, which is about 20% of the total income of the company. This income include income derived from bonds, stocks, mutual funds ...
3
votes
4answers
708 views

250k USD in savings. What's next?

I'm 32 years old and just got married 1 year ago (hopefully won't be having children at least in the next 3 years). In the last years I got to save some money, which goes up to the total amount of ...
0
votes
1answer
47 views

Property Records - Foreclosure and Fair Market Purchase, Over and Over

Here is the records I am finding on a particular property I would like to purchase: It seems like this Smith property owner has bought it out of foreclosure three times, and sold it to a party ...
4
votes
2answers
160 views

How can I figure out how much to bid on a parking space?

A nearby condo building is auctioning off 65 parking spaces within the building with no minimum bid. The condo is in the middle of the business district in my city. I'm interested in investing in one ...
8
votes
2answers
246 views

What benefits do “title search companies” have over physically visiting a land records offices?

I am looking into buying my first piece of real property. Basically my question is "why do title search companies even exist?". Who uses them? And why? Are they doing something special apart from ...
6
votes
4answers
813 views

Why do I need an attorney to buy a house?

I thought my real estate agent would cover the whole thing. How does an attorney get involved? Why do I need to hire one on my side? I ask this because I have read about it in first-time buyer help ...
4
votes
2answers
188 views

Working with Real Estate Agents

So first off I have worked with about 10 real estate agents over the past year or so. I find most of them are quite horrible. You explain what you want and they either don't call you back or show ...
1
vote
1answer
56 views

How do I determine capital gains tax on a vacation property for 2014?

In 2003, I bought a property in New Jersey for $465,000 to use as a vacation home. I'm planning to sell it, and I think that I'll get around $685,000. I rented it out for several weeks the first year ...
2
votes
1answer
93 views

Finance the land on a non-financeable house?

A local real estate listing that I'm interested in says the house is non-financeable(it is an old mobile). However, it is on an acre of land. I have 20000 to put down, and I was wondering if it's ...
-1
votes
1answer
108 views

Evidence For/Against Real Estate Investing Vis-a-vis Investing in ETFs

Do people have good pieces of evidence about whether or not Real Estate is worth investing at all? What's a good measurement to decide this (e.g., simply looking at value increases?) If I have X ...
1
vote
1answer
247 views

Buying property in India: paying loan/mortgage

I am on a H1B visa in USA and thinking about buying property in India. What is the best way to make payments from USA bank ac to pay loan/mortgage in India? Can I get tax relief for loan/mortgage ...
0
votes
1answer
128 views

Selling property in India and gettting back money to USA

I am on H1b visa in USA and thinking about buying property in India. Suppose I alraedy bought some property in India, now in future if i sell the property in India, then how can i get that money back ...
1
vote
2answers
300 views

Buying property in India : FBAR declaration.

I am on H1b visa in USA and thinking about buying property in India. If I buy any property in india,do I need to report my property in USA income tax return, FBAR or anywhere else? Do i need to pay ...
1
vote
2answers
72 views

Investment property information resources

I'm thinking of buying some investment property, however I have no idea where to start with it. I understand that there are a few kinds of property investments and a bunch of laws and tax variations ...
3
votes
2answers
93 views

Difference in rent listed on company's website and the lease they sent me

I'm trying to rent an apartment for next year. The rent listed on the company's website is $150 less than the rental amount contained in the lease they've emailed me. I haven't signed anything yet, ...
5
votes
2answers
187 views

How do I calculate the (likely) property taxes on a new home in a new area?

I live in Texas where there is no personal state income tax, but there is a significant tax on real estate. I am considering buying a new home, built to my specifications (ehh, to an extent...) in ...
11
votes
5answers
1k views

Rent or own, given these circumstances

Option A: $3600 (RENT) for a 3/2.5 condo. Option B: $629,000 (BUY) for a 3/1.75 house. This is in the Los Angeles area. Looking to live in this area for at least a year, maybe more. The house ...
-1
votes
2answers
65 views

Where can I find information on Loans in foreign currency for the purchase of property in Australia? [closed]

I am looking for information on what banks, or other financial institutions, allow borrowing of money in their home currencies for the purposes of purchasing property? The type of information I am ...
6
votes
1answer
637 views

How to bet against the London housing market?

A lot of people are talking about a property bubble in London and I was wondering: how could you short the property market and bet on a crash? Is there any obvious way? Basically, how could someone ...
5
votes
3answers
167 views

Walking away from an FHA loan

I'm currently looking into the idea of buying a multi-family home in Brooklyn via an FHA loan. FHA loans seemed like they could take some of the risk away of putting down 20% (i.e. a high % of all my ...
3
votes
4answers
308 views

Is investing in housing considered an adequate hedge against inflation?

Does the price of a home or apartment generally increase, at least, with the rate of inflation in the United States? Could such a purchase be viewed as effective protection against inflation?
1
vote
1answer
75 views

How to find out what Capital Cost Allowance would apply to the condo I invested in?

In this example to claim Capital Cost Allowance on the CRA website, how did the person Gwen come up with an amount of 1200 for the first year? I have a condo that I rent out. I claim my expenses ...
2
votes
1answer
83 views

What would happen if I were to lose all equity in my condo when it's time to renew the mortgage?

I've been reading Condo Bible and it has the following passage: A solid down payment of at least 25 percent will act as a buffer for you at mortgage-renewal time should interest rates slowdown. If ...
1
vote
1answer
52 views

Relationship between Home, Net Worth, and REITs

Source: P215, ETF for Dummies, 2nd Ed (2011) by Russell Wild: Your residence, your portfolio If you bought your home for, say, $130,000 some 26 years ago, and that home is now worth $1.3 ...
0
votes
1answer
68 views

Hidden downsides of real-estate property tax appeal?

My real-estate lawyer sent me an offer to file a tax appeal on my behalf. I will have to pay some percentage from the tax savings if appeal is successful and my taxes are reduced and won't have to pay ...
2
votes
4answers
136 views

What evidence is there that rising interest rates causes Canadian condo prices to go down?

I live in Toronto Canada where condos are extremely expensive. I'm willing to wait 2-3 years to build up down payment to buy a condo. I'm hoping within the 2-3 years, interest rates will go up by 1-2% ...
4
votes
1answer
153 views

What risks am I taking if my well-off close friend is asking to use my credit to flip a property?

I have very good credit that I've worked hard to obtain. My friend has flipped a few properties and made some good money doing so. He wants to pay me a fee along with any taxes I'll endure if I put a ...
1
vote
1answer
163 views

How to calculate amortization table with pro-rated first month

From what I understand, banks prefer to have loan payments due on the 1st of the month. To that end, if you close on a property on, say, the 15th, they will charge you a pro-rated payment to get you ...
2
votes
4answers
243 views

What to do with savings for 3-5 years?

Here's the situation: Married, late 30's, combined income around $170k. 2 toddlers. We owe $360k on a house worth $600k. Only other debt is $20k each in student loans. 401k plans are in order. We have ...
4
votes
2answers
173 views

How to calculate the equity owned in a jointly owned mortgaged property?

I jointly own a property with two of my sisters. When we purchased the property I put a £10,000 deposit down and was the sole contributor to this. All three of us are currently paying one third of ...