A tag for questions on real estate or property.

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2
votes
2answers
124 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
37 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
353 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
96 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
159 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
178 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
79 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 ...
3
votes
1answer
97 views

What's the tax on a hobby orchard?

Say I harvest crop as a hobby on my land, and it's less than an acre. What's the tax on the crop income? In California.
5
votes
1answer
186 views

I was paying my tenants' water usage without realising - how to recoup the money?

I live in Australia. I had some tenants living in my investment property for approximately 18 months (they moved out a few months ago). I have since sold the property and settlement is in a month. I ...
8
votes
2answers
668 views

What is the best way to short the San Francisco real estate market?

Best as in: 1. Liquid 2. Minimum borrowing costs
4
votes
3answers
2k views

3 car garage vs. 2 car garage home ?

I am choosing between buying a brand new house. I have two options. Both houses are exactly the same, but one has a 3 car garage, and the other one has a two car garage. The 3 car garage house is $...
0
votes
1answer
131 views

Selling equity in investment property?

I've been considering a rental property investment scenario that has been proposed and would like some advice and feedback from those who have much more experience than I do. Thanks very much! ...
3
votes
0answers
98 views

Realtor Credit or Kickback

Its our first home purchase in Maryland, USA. Our realtor agreed to give us 2% kickback (towards closing cost) and she keeps 1% from the 3% commission she gets. If base price of our home is 400K, ...
2
votes
1answer
78 views

Can S-Corp loss offset gain?

I made 2 investments via my S-Corp. The first, in apartment buildings which is being sold for a gain, and the second in a hi-tech startup which failed and closed. Can the loss from the startup offset ...
3
votes
1answer
108 views

Condo in HOA building that has been disbanded

I found a listing for a property that is in a high rise building where the HOA has been disbanded. This is the note from the listing: HOA is disbanded and HOA has past taxes. What pitfalls ...
3
votes
1answer
133 views

Date of sale in real estate - is it date of Close or date of Signing

I'm in the process of selling my home and am getting very close to the time limit on the gains exemptions (2 months from now). The IRS says that the date that matters is the 'date of sale' - is that ...
1
vote
0answers
50 views

Buying an apartment in France

Can anyone list the costs included when buying a flat in France aside from the price tag for non-citizen? I am not a French citizen. Daniel
10
votes
1answer
2k views

What does “sits on all four property lines” mean in Real Estate?

I recently read a listing that said, "The nearly 10,000-square-foot property sits on all four property lines, a rarity in Chicago," Apparently this is a good thing, relating to land and property ...
2
votes
2answers
426 views

capital gains tax on inherited property

So let's say you have a primary residence that was purchased for $50,000 with no money having been spent on improvements and that it's now worth $750,000 according to the tax appraisal district that ...
1
vote
1answer
111 views

doing a like-kind property exchange and then selling immediately to avoid paying capital gains

Let's say you have an investment property that you purchased for $50,000, that you have made no other improvements and that it's now worth $750,000. If you sell it for cash, out right, you'd have to ...
1
vote
0answers
43 views

Tax implications of reparceling property that was gifted from a trust

I am buying a second home on one full lot and the 1/2 vacant lot next to it. Both are part of a trust. We can't get a single loan to cover both because our lender will not do a bridge loan covering ...
4
votes
2answers
365 views

Seller not fixing agreed upon items

I am buying a home in AL, and am about 30 days away from closing. About a week ago the seller and I agreed upon a list of repairs via an Inspection Addendum and Request for Repairs. Today my realtor ...
4
votes
2answers
186 views

parents doing a downpayment on a house

The IRS let's you gift up to $14,000 to someone without the recipient having to pay taxes. So let's say my parents did the down payment (40%, let's say, of the houses value) of a house for me and I ...
0
votes
2answers
134 views

Are capitalization rate and net profit margin the same thing?

If capitalization rate is the value of the property divided by the net return, how is that different from the net profit margin?
1
vote
0answers
76 views

Splitting Net Sale Proceeds with a Mortgage Outstanding with Parents

My parents and I each own 1/3 as Joint Tenants (with right of survivorship) as stated on the conveyance of the title deed in a principal residence that we all share. The old house on the land was ...
5
votes
2answers
712 views

Withdrawing $10,000 from two IRA accounts for first time home buyer expenses

I am married and looking to buy my first home. I am planning on withdrawing around, but not more than, $20,000 for use as a down payment. There are two IRA accounts under my name, both opened by me. ...
8
votes
3answers
655 views

Can value from labor provided to oneself be taxed?

I am considering taking time off from work in order to build a new home in which we would live. It would be my full time job for which no income stream would be generated and would be self financed. ...
2
votes
3answers
263 views

Do I need to tell an estate agent how much a bank is willing to lend us?

We live in the UK and are hoping to move home. We wanted to put an offer in on a house. We have already spoken to our bank who have given us a letter stating the amount we are able to borrow. (Its the ...
2
votes
1answer
63 views

What special considerations need to be made for a US citizen who wishes to purchase a house in Canada?

According to an answer on a previous question, buying a house in Canada if you are a US citizen is pretty straightforward. But it doesn't address tax concerns in both countries - how are they handled?...
0
votes
1answer
86 views

Hire my own surveyor or trust the my neighbor's?

A neighbor with whom I share a property line has informed me that the fence we thought was on that property line is incorrectly placed. Of course it's too far on his side (otherwise he probably would ...
1
vote
2answers
149 views

Real Estate: Please review my recent investment (with numbers from recent purchase)

I recently bought a brand new home as a rental property in Syracuse, NY: Price: $200,000 Down payment: $40,000 (20%) Monthly payment: $1,500-1,600 a month (~$800 mortgage + ~$700 for taxes) Price ...
1
vote
1answer
89 views

In which infrastructure bonds should one invest to avoid capital gains tax after selling a property in India?

This is a follow-up question to Taxes on sale of property What are the available infrastructure bonds and can one withdraw that amount at any moment or some lock-in period is there? How capital ...
2
votes
1answer
81 views

Tax on Sale of Property

My uncle has sold his property and he deposited the money he received from selling the property. I like to know, if he keeps that amount in his bank account for an year, will that money be taxed? He ...
0
votes
1answer
61 views

Sale of a rental house

I have a rental house that I'm thinking about selling to the renters. They have lived there for 9 years. I am now 75 years old and no longer able to keep the house in shape when there is a problem. ...
1
vote
2answers
299 views

How much money should I put on a house?

My mother passed away and left me with 100,000 dollars. My boyfriend and I decided that we would go ahead and buy a house. We are living with my dad right now and have 2 kids and we are both 22. I am ...
0
votes
1answer
70 views

important considerations when expected monthly returns seem implausible relative to the purchase price of real estate? [closed]

as a concrete example: this property has been on the market for two months for $39,000 with tenants who allegedly pay $1,000/month in rent. before taxes, that's a 31% annual return. could anyone ...
3
votes
1answer
110 views

Property taxes collected at closing weren't assessed correctly

We sold a home in March 2014. The lawyer who drew up the closing paperwork did it incorrectly and only charged us $900 for property taxes. The actual bill came out to $2400 for 2013. The current ...
1
vote
1answer
96 views

How does a variable interest rate loan work?

I took out a $100,000 loan on my house on a variable rate loan at 4.5% for 30 years. For example, see this calculator. Assuming the interest rate stays the same, the final cost will be $145,000. In ...
4
votes
2answers
295 views

Unethical, Illegal, or Business as usual? When negotiating a contract, can open contracts on comparable properties be disclosed?

I'm currently negotiating a contract for a home via my agent and a listing agent. As part of the negotiations, the listing agent has disclosed details of another contract that his colleague is the ...
3
votes
3answers
593 views

Tax deductions on empty property

Some one that works with me told me about a wealthy person that owns a lot of large buildings in our city. He said the guy would rather keep the buildings empty and is using the empty buildings as ...
2
votes
1answer
148 views

Selling a portion of my attached land and renting the main house

I have been offered 40k for a section of my land that is considered a side lot to my house. The buyer is going to work and pay all cost in separating the land. I plan on moving and renting my house. ...
0
votes
2answers
597 views

Do I need to do a title search on land? how about title insurance? lawyers?

I am looking at a piece of land that is being sold for 25k. As I understand it, I need to do a title search before any transaction is done. I've already looked at the tax assessors website and seen ...
0
votes
2answers
333 views

Is there any reason to add my spouse to home title?

I am about to move to Texas and am under contract to purchase a house with 100% cash. I went on the house hunting trip alone so my wife is not listed in the contract. My realtor suggested that I ...
1
vote
2answers
195 views

Property Trust - who or what is the Owner?

I'm trying to work out an arrangement to use some neglected UK property held in trust by a not-very active corporation. I'm puzzled by the nature of trust ownership. In essence, who owns land held in ...
2
votes
1answer
91 views

What factors to consider for deciding between forming an LLC vs taking insurance on rental properties

My friend and I (both living in California) want to buy a couple of rental properties (one in Texas and other in Florida). Looking through the various websites and forums on the internet, we could ...
3
votes
2answers
101 views

What to look for when evaluating a mortgage lender?

When evaluating mortgage offers in the US for a primary residence, obviously the rate and fees is important to consider as it impacts the bottom line. Having a lender who is responsive when trying to ...
0
votes
0answers
53 views

real estate property that spans across multiple jurisdictions

Hopefully this isn't off topic, it's about real estate and this is the best SE site I can find. I'm looking at starting a business on a fairly large parcel of land. Once I looked at the assessor's ...
7
votes
2answers
675 views

Wife wants to buy me out of our house - how to do this?

My wife and I want to separate, and have agreed in principle that she will pay me half the value of the house we share and I’ll move out. As she has just inherited a large amount following her father’...
8
votes
3answers
397 views

What argument(s) support the claim that long-term housing prices trend upward?

The eminently useful New York Times Buy or Rent calculator assumes a 3% average annual rise in home prices. Curious whether that value made sense, I did some research and came across the views of ...
1
vote
1answer
392 views

Inspection Contigency - Form 35 (NWMLS)

After a residential home inspection has occurred, and both parties have signed/initialed an inspection response (NWMLS Form 35R); What are the buyers options for recourse when the seller does not ...