A tag for questions on real estate or property.

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-3
votes
2answers
30 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 ...
2
votes
1answer
4k views

Tax implications of selling part of land associated with main home

My wife and I are considering splitting off a portion of the land attached to our main residence. Will this be taxed as a capital gain? Can the money be put towards the mortgage and not be taxed? ...
1
vote
1answer
44 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, ...
19
votes
9answers
4k 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
votes
0answers
27 views

Capital tax gain for under construction property

I entered into an agreement with a builder to purchase an apartment in Apr-2011. At that time, I had paid 10% as deposit with remaining payments to be made at regular intervals based on construction-...
1
vote
4answers
71 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 ...
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?...
-9
votes
5answers
246 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 ...
-3
votes
0answers
45 views

Is it possible to first ask for a note finance for home buying and then go for home mortgage?

I am trying to raise loan through note financing by asking them on the terms that I want to buy the property first and then go for mortgage of the home. I would like to know it is possible to raise ...
4
votes
1answer
89 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
1answer
196 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
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
37 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 ...
6
votes
4answers
13k views

What is the standard real estate commission to sell a million dollar home?

I want to list my condominium for US $1.3 million. How can I decide on a fair real estate commission?
2
votes
1answer
33 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 ...
8
votes
4answers
5k views

Are parking spaces and garage boxes a good investment?

Suppose, the following scenario: You have an investment budget available to buy a parking space or garage box. (In Belgium that would be around €25000 ($30K).) currently the saving accounts make ...
2
votes
1answer
2k views

Construction loans - when do payments begin?

For the sake of round numbers, consider this scenario: $300,000 land purchase $700,000 cost to build a home $200,000 down payment Figure building the home will take 1 year. My question is, for ...
1
vote
1answer
56 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 ...
1
vote
6answers
2k views

Why are Rausch Coleman houses so cheap? Is it because they don't have gas?

I have been looking for a new house for 5 months now. An average price per square foot in my area is $100. However, Rausch Coleman Homes is offering very nice and SUPER CHEAP houses for $75 per square ...
0
votes
1answer
60 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 ...
1
vote
0answers
64 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 ...
0
votes
0answers
120 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
124 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
152 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
1answer
44 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
243 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
159 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 ...
6
votes
2answers
6k 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 ...
2
votes
2answers
172 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 ...
0
votes
4answers
288 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 ...
34
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 ...
0
votes
1answer
48 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?
1
vote
1answer
71 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
2answers
278 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 ...
0
votes
1answer
54 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 (...
1
vote
1answer
77 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
44 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
0answers
42 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
0
votes
1answer
57 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 ...
2
votes
1answer
217 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
83 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 ...
10
votes
5answers
1k views

What is the best way to stay risk neutral when buying a house with a mortgage?

I'm looking to buy a property. I do not want to take a risk on this property. Its sole purpose is to provide me with a place to live. How would I go about hedging against increasing interest rates, to ...
9
votes
10answers
9k views

Buying a multi-family home to rent part and live in the rest

I currently rent the top floor of a two-family house. Our landlord recently offered to sell the house to us, so I started looking at the cost of mortgages and property taxes in the area. It's my ...
22
votes
7answers
3k views

Why do people use mortgages, when they could just pay for the house in full?

I would like your recommendation on whether you should buy a house with a mortgage, which you would pay as you go, or should you buy it in full.
7
votes
2answers
662 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’...
3
votes
1answer
213 views

Dealing with Home inheritance

I have been living in my grandmother's house for the past 20 years. The house has been paid off for years. During that time, I have taken care of her and the house until she got bedridden. My aunt had ...
2
votes
5answers
1k views

Why could rental costs for apartments/houses rise while buying prices can go up and down?

In this U.S. city, I have the impression that the rents of apartments and houses always go up, say, about a 5% per year, while the prices of buying them fluctuates throughout the same years. If my ...
0
votes
2answers
100 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: ...
10
votes
2answers
1k views

To buy a house, is a 20% down-payment required for a mortgage?

My wife and I want to buy a house. The price is well within our means. The mortgage payment would be less than 25% of our gross income and we have no other debt, so we're comfortable with the payment. ...