A tag for questions on real estate or property.

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3
votes
2answers
124 views

My boss bought my house and now im paying him monthly repayments

My wife and I decided to buy a home and found one that we really liked. We hadn't sorted out our mortgage beforehand and we only realised that the process is really long to get the mortgage after we'd ...
4
votes
1answer
38 views

Selling vacation home - does capital gains basis include selling fees?

I have just sold a vacation home. I see the 1099-S reporting the sale gives the gross price, but of course that was not the amount I actually received as there were deductions for a) my closing ...
0
votes
0answers
34 views

Impartial way to determine my offer? [closed]

I'm interested in a property for sale in a low-income area of Indiana. What is the lowest offer I can make on a property asking 59,900?
1
vote
0answers
42 views

How to read loan estimate, what to look for?

We are buying a newly constructed house and have been trying to compare loans from 2 different lenders (builder lender and our own lender). They both sent us the loan estimate sheet in similar format ...
1
vote
1answer
18 views

How do I set up Quickbooks for a small property rental company that holds its properties in separate LLC's? [closed]

My company is set up so that it has a Property Management LLC (PM), Property Holdings LLC (PH) and several real estate assets, each of which is held by the PH but is also its own LLC (props). It was ...
5
votes
2answers
84 views

Purchasing a home using collateral

I am inheriting 50% of a home (entirely paid off) appraised at $60,000 and am wanting to purchase a home for about $75,000. Can I use the first home as collateral to purchase the second home or to use ...
1
vote
1answer
64 views

How to get into real estate with a limited budget

My friends and I are all young engineers living in Belgium who are looking to get into real estate. I figured it should be a good investment as loans are pretty low right now and real estate is a ...
1
vote
2answers
54 views

How is Los Angeles property tax calculated if a 50% owner later buys out the other 50%?

I own a property with my partner. To make it simple, let's say we bought the property for $100K five years ago and now pay property taxes at this base price plus the usual 2% increase per year. If I ...
0
votes
0answers
40 views

My co-borrower wants her name removed from a 5 year mortgage contract [migrated]

Me and my sister in law bought a house. We ask her help to acquire the loan. She signed the mortgage loan for a 5 year contract we got the house. Me and my wife paid all the expenses and down ...
2
votes
1answer
57 views

Assessed value of vacant lots

In my town, a middle class bedroom community in the area west of Boston around Framingham, I notice that in some of the poorer parts of town are various vacant lots of 5000-10000 square feet with no ...
0
votes
1answer
99 views

Can you depreciate real estate that has previously been fully depreciated?

If you buy a property that is 39 years old and has already been fully depreciated, can you depreciate it again, for another 39 years upon your purchase?
0
votes
1answer
52 views

How do brokerage fees affect the fair market value of a house in a buyout?

If Alice and Bob buy a house for $100,000, and one of them needs to buy out the other's share soon after, would the fair market value be $100,000 (the purchase price) or $94,000 (what they would get ...
1
vote
0answers
29 views

I purchased a mobile home with my money out of a settlement I got [migrated]

What if it is just two friends who are no longer friends. I payed for my mobile home in full with my own money but put him on the title. Can I sell my share which is the full price to someone else?
-3
votes
2answers
32 views

using deed's of trust to negotiate for higher prices for land sales

It seems like Deeds of Trust's for real estate properties (which are public records) include the loan amount on them (assuming a loan was obtained for the purchase of the property). Obviously this ...
20
votes
9answers
5k views

Is this investment opportunity problematic?

I recently got an email from a close friend of mine, that goes something like this: We're looking to sell our rental house and buy a new one. We found one we like, but the housing market is very ...
1
vote
4answers
76 views

Property tax rate disconnect

I live in Santa Clara County, California and I have been shopping for a mortgage for a home purchase in this county. I am repeatedly told by every bank that the tax rate is 1.25% of the home ...
4
votes
1answer
93 views

My wife and I are selling a house worth $230k-$260k. Its a rental. Should we use an agent, limited service listing agent, or FSBO?

Reasonable expected sale price $245,000. Traditional Agent: Fee = 6% = $14,700. High energy agent who is very familiar with the neighborhood and market Limited service agent (Duffy Realty type): ...
13
votes
7answers
2k views

Is there any instance where less leverage will get you a better return on a rental property?

The larger a mortgage I have on a property the less money I have to put up front so my initial cash flow is worse but my cap rate and overall return is better. However the larger my down payment the ...
0
votes
0answers
26 views

RT-2 zone : townhouse or house?

We live at Great Vancouver area Canada, and we own a detached house (though it is a strata house in a strata community, all houses are physically detached from nearby houses), and it is within RT-2 ...
3
votes
1answer
38 views

House sales and capital gains - primary vs secondary

State: Texas I have two houses. I don't treat them as primary or secondary, they are both occupied. I am keeping them while I can, waiting for the value of one of them to go up sufficiently so I can ...
2
votes
1answer
39 views

Michigan property owned as joint tenants with rights of survivorship [closed]

Three siblings own property in Michigan as joint tenants with rights of survivorship. One person wants to sell their portion of the property to one of the remaining kids. Will that give that one ...
-9
votes
5answers
276 views

What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan?

I wanted to know that what if the remaining 40% of 60% in a LTV (Loan to Value ratio ) for buying a home is not paid but the borrower only wants to get 60% of the total amount of home loan that is ...
1
vote
1answer
61 views

Capital gains tax

I have a piece of land in India that I purchased about 20 years ago. I entered into a development agreement with a real estate developer in February 2014 for construction of apartments. The ...
0
votes
1answer
61 views

Shared Property Ownership

I refinanced my primary property to afford ($37,000) the purchase of a home in 2005 for myself, my boyfriend and my newborn son. My boyfriend and I had a verbal financial agreement that he would pay ...
0
votes
0answers
123 views

How to find small vacant lots to buy?

I would like to buy a small vacant lot so I can erect a small warehouse and store stuff there. However, the problem is that people don't generally advertise the sale of small, empty lots with no ...
1
vote
1answer
65 views

Can I pay money in USA to buy property in India?

I currently reside in the US (on H1B Visa) and I plan to buy property in India. The current owner of the property also resides in the US. I was wondering if I could make part of the payment here in ...
6
votes
2answers
253 views

Why is selling a house in one day regarded so highly?

As a recent first time home buyer, I now get a lot of mail from Realtors and agencies. I've noticed that often times advertisements will boast that a house has sold in one day. In my mind, if a ...
2
votes
2answers
175 views

How to manage 20 residential apartments

My friend's father (Say, Mr. X) in India had invested in a piece of land long time back. Two years back, he sold that land to a real estate builder. The agreement of the deal was the following: "The ...
36
votes
6answers
5k views

How does 'upgrading' from one house to another work?

Consider this scenario. For a given neighborhood, a small house is $100K. A big house is $150K. For simplicity, assume that you purchase the small house with all cash. 5 years later, it is now worth ...
1
vote
1answer
56 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
vote
1answer
125 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
2answers
155 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 ...
1
vote
0answers
74 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
90 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
votes
0answers
46 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 ...
0
votes
1answer
198 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
43 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
220 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
69 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
84 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
81 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
59 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
102 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
vote
2answers
73 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
90 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
139 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
169 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 ...
2
votes
2answers
161 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
56 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 ...