A tag for questions on real estate or property.

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0
votes
1answer
58 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
112 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 ...
0
votes
0answers
92 views

List of countries that allow foreigners to own property [closed]

One of common investments is buying property and then renting it out, one of risks of such investment is to have all your properties in same country and when bubble bursts due to high leverage loose ...
1
vote
1answer
70 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
474 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
46 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 ...
4
votes
1answer
176 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
218 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
100 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
81 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
64 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
37 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
106 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 ...
0
votes
4answers
218 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
votes
2answers
50 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 ...
0
votes
2answers
249 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
148 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 ...
4
votes
1answer
42 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 ...
21
votes
11answers
3k views

Why is property investment good if properties de-valuate over time?

So I was reading that investing in property is a safe and solid investment (but low on return). This is based on how the prices rise e.g. a property price in the 1980's vs 1990's vs 2000's vs 2015. To ...
1
vote
2answers
93 views

Credit Unions vs Bank Mortgage

I am a first time home buyer. My home-buying credit score is 620. I was recently preapproved for an FHA loan with my bank. The interest rate is decent at 3.75%, the only issue is I will have to pay ...
3
votes
1answer
75 views

Does The (US) 'First Time Home Buyer's Credit' Still Exist?

I was told by a realtor, in the state of Illinois, today that there is currently a program that will provide '$7,500 in assistance for someone who has not owned a house in the past 3 years'. I tried ...
8
votes
2answers
1k views

Do building owners own 100% of the building?

For example, a company owns a tower in NYC. In this tower there are several apartments that are sold to the public. If people end up buying these apartments, does the company now have less ownership ...
1
vote
2answers
76 views

Recouping costs of remodel/addition

This question is about crunching numbers under certain assumptions. Let's say my house of 1,000 square feet was purchased for $250/sqft for $250,000. Homes in my street and neighborhood go on average ...
0
votes
2answers
62 views

minimize personal property coverage on homeowners insurance

This month, my homeowners insurance is due for renewal. I noticed that the personal property coverage is beyond $100k, which exceeds my needs by at least two orders of magnitude. Honestly, my personal ...
1
vote
3answers
75 views

Making arrangements to pay my mothers late property taxes

I want to pay my mother's taxes for her. I need to bring them current. can I make arrangement to pay what is owed or does she have to make arrangements?
0
votes
4answers
184 views

Should I pay off my house

I purchased my house (3 bedrooms, 2 full baths) in 1997 for $84,500. I have already made $166,500 of mortgage payments on a 9% interest rate loan. I have $53,000 left in payments. It recently ...
4
votes
3answers
1k views

My broker is dragging his feet. Can I contact the realtor directly?

I had a home inspection done about a month ago. The results from that inspection revealed problems with the roof and ac unit. After the inspection I asked for my broker to contact the sellers to ask ...
6
votes
4answers
699 views

How to incentivize a real-estate broker to find me a cheap house

I am looking for a house to buy. Most real-estate brokers that I know of represent the sellers. This means that they get a certain percentage of the selling price. This means that they have an ...
0
votes
1answer
55 views

Transfer of foreigner's US real estate to US citizen child

What would be the best way to transfer real estate (100% owned and paid for; no mortgage or debts) by a non-US citizen and non US resident to his child that is US citizen and living in the US from a ...
3
votes
1answer
101 views

Tax after sale of rental property that was converted from primary

I purchased a house in 2008 which was my primary residence. In April 2013, I converted to an investment property, since I was underwater to the point where I couldn't sell it. In my 2013 and 2014 ...
0
votes
2answers
106 views

What can I do when the co-signer hasn't paid anything on the house in 7 years and now they want money? [closed]

The co-signer moved out about a home a year and a half into the loan, its been almost 7 years now since they moved out leaving me a note that she was not going to make another payment on the house. ...
1
vote
1answer
60 views

Can i purchase property on equity?

Can I borrow to purchase an income property without a deposit if the equity in the property I am buying is high enough?
-1
votes
3answers
204 views

What return are you getting on your money from paying down a mortgage on a rental property?

If you bought a $200,000 rental home with 20% down, what is the return on investment you're earning over the full 30 year period from paying down the loan using the rental income? We will assume the ...
1
vote
2answers
58 views

What are the disadvantages to borrowing money for energy conservation measures / solar panels?

I am contemplating putting solar panels on my roof, as there is a collective buying of solar panels in my neighborhood going on. Special loans are offered by local government for solar panels or ...
3
votes
2answers
205 views

Lost job a week before closing with a mortgage. Options?

I unexpectedly lost my job a week away from closing on a condominium with a mortgage. I wasn't worried… until I realized that the mortgage is conditional on my creditworthiness remaining the same. ...
0
votes
0answers
62 views

Which property to sell first

Is there a financial indicator that tells which should be the first asset to sell in a portfolio and how to calculate it? Suppose we have a portfolio with three different assets, lets say ...
0
votes
1answer
114 views

Can a the mortgage holder force a sale when the other deed holder has been paying 100% of the mortage? [closed]

I have joint ownership of our house. My ex moved out and when he did I paid him his original investment in the house. I stayed in the house but we did not change anything as I could not buy him out. ...
2
votes
2answers
133 views

Inflation Adjusted Price of Home Relative Value

Is there a site, book, or paper written comparing the inflation adjusted price of homes from the current time - 2015 - to the past relative the value the home offers, such as size and amenities. ...
-1
votes
1answer
104 views

When is an attainable goal for buying a house?

I'm concerned that due to the prolonged recent years' increase in the cost of a house that I will have trouble affording my own house in the forseeable future. I sometimes wonder what a good goal ...
-6
votes
2answers
89 views

Can you buy a certain section of a house?

For example, if the owner is willing to sell the roof of their house (which has a flat roof that allows for building an extra floor)? Which type of deed would be required for such a purchase? If ...
0
votes
1answer
63 views

Buying a flat in Spain for using it as residence

I am an spanish software developer in his 30s, single, no kids, living and working in another EU country with a decent salary. I have saved around 25k€ in the last three years working abroad plus ...
29
votes
13answers
3k views

When buying a property without using a realtor as a buyers agent, can you build a discount of the buyer's agent commission into the contract?

I want to buy a home, but I'm not interested in using a realtor as a buyer's agent. I know that in MLS systems, when a realtor lists a house they specify what commission a buyer's agent will be paid. ...
2
votes
2answers
118 views

Buying a house (not for investment) - options?

How much mortgage is it possible to get for an individual with a good credit history? Being quite young, my salary is circa £24,000 per year (before tax). No savings from parents or anywhere else so ...
1
vote
0answers
34 views

In New Jersey USA, if married couple buys a house, is the default “tenants in common” or “joint tenants”? [closed]

In New Jersey USA, if a married couple acquires real estate, is it by default "tenants in common" or "joint tenants" (if not expressly stated on the deed)?
3
votes
1answer
234 views

Buying out a sibling's portion of inherited real estate

Sorry, this is a bit long, so I won't blame you if you skip down to the dilemmas & questions at the bottom due to TL;DR The backstory: About 15 years ago my siblings and I inherited several ...
4
votes
2answers
88 views

Should we expect agent to figure out permit situation with home?

We have made an offer on a home (in North Carolina, United States). We noticed a discrepancy between the county's assessment of square footage, and the actual square footage. Additions have been made ...
2
votes
2answers
133 views

REIT vs Real Estate - 4 Considerations

Assume the following scenario: A person wants to invest $100k in REIT or buying a rental property. (Assume a property management company is used so we don't need to compare the work from each.) What ...
4
votes
1answer
137 views

Selling my share of a house

I own half share of a house with my brother in NZ and I am wanting to get my half out. He is going to buy me out but I need to know what is fair. He wants to keep the house, so should I be expected to ...
-1
votes
2answers
64 views

Why real estate investments are compared via “cap rate”?

Cap rate does not include repayment of loans (such as mortgage), and therefore does not represent reliably the annual balance. Why use cap ratio if another benchmark, such as ROI, provides similar ...