A tag for questions on real estate or property.

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4
votes
1answer
882 views

US citizen transferring money to Indian fiance to buy property

I am a US citizen wanting to transfer money to my Indian fiance to buy property. Is the best way to bring in cash, and declare the amount with customs at the airport? How much tax am I liable for ...
0
votes
0answers
89 views

List of countries that allow foreigners to own property [on hold]

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
67 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 ...
0
votes
1answer
124 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
1answer
217 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 ...
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 ...
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 ...
4
votes
1answer
169 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 ...
7
votes
2answers
777 views

I am thinking of buying a property to split into 2. How do I determine the costs basis on the existing house?

This is a property on over 2 acres. I'd like to buy it, split the property and rent out the existing house. Then build myself a new house on the other portion of the property. How would I determine ...
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 ...
2
votes
1answer
99 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?
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, ...
0
votes
4answers
943 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 ...
5
votes
3answers
105 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 ...
2
votes
1answer
63 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
4answers
214 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
37 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
248 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 ...
0
votes
1answer
62 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 ...
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
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 ...
2
votes
5answers
268 views

Is it a good investment for a foreigner to purchase a flat/apartment in China?

Is it a good investment for a foreigner to purchase a flat/apartment in China? Why, or why not?
8
votes
3answers
240 views

What are the usual terms of a “rent with an option to buy” situation?

What are the usual terms of a "rent with an option to buy" situation? Is the selling price negotiated ahead of time? What does the renter potentially sacrifice except losing the equity of the rent? ...
1
vote
1answer
94 views

Mortgage loan and move money to US

If I re-finance or get mortgage loan from my existing property in my home country, and move money to the United States, which taxes do I need to pay (Income tax? Interest Taxes?) or what shall I take ...
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
74 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 ...
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 ...
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 ...
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?
4
votes
3answers
533 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 ...
1
vote
1answer
76 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 ...
6
votes
4answers
698 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 ...
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 ...
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 ...
3
votes
2answers
182 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 ...
6
votes
4answers
1k 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 ...
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 ...
2
votes
1answer
72 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
98 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
105 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
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
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
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
204 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 ...
3
votes
2answers
3k 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 ...
28
votes
8answers
4k views

What's the catch in investing in real estate for rent?

I can see a 2 bedroom, 2 bathroom $100k property on Zillow (est. mortgage $375/mo) next to a university so rent prospects are good. Rent estimate by Zillow, confirmed roughly by Craigslist: $972/mo. ...