A tag for questions on real estate or property.

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2
votes
0answers
34 views

As a Canadian, what should I invest in if I'm betting that the Canadian real estate will crash?

I apologize in advance if this question seems unethical as you may think I'm trying to profit from people's losses. I'm just trying to protect my investments. So here's my question: if I'm betting ...
2
votes
1answer
247 views

Does a falling dollar mean doom for real estate?

The Aussie dollar has started its downward trend and is predicted to go down to USD 70 cents. I was planning on purchasing a property for myself to live in. However, members in public forums are ...
0
votes
0answers
17 views

Profit sharing on pagdi house

I have bough my 1bhk flat for 2lacs on pagdi system and now I want to resale it. How much share I'll get on profit if my house is sold for 12lacs.
18
votes
4answers
919 views

Is home renovation ever a good investment?

For years I was under the impression that renovating a home was an investment. However, when I look up return on investment for typical home renovation projects, it appears that even the most ...
1
vote
1answer
270 views

Buying property in India: paying loan/mortgage

I am on a H1B visa in USA and thinking about buying property in India. What is the best way to make payments from USA bank ac to pay loan/mortgage in India? Can I get tax relief for loan/mortgage ...
0
votes
1answer
137 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 ...
2
votes
1answer
82 views

Can I take a loan against propety in my children's name?

I am from Chennai, India. The house which we are living in Chennai used to be in my father's name. My father has four children and I am the last one, daughter and I am widowed and living with my ...
2
votes
1answer
51 views

How correlated are apartment and house prices in the same area?

I live in a city (Australia) where I think apartment prices are going to fall. I think they've already fallen a little bit but there are so many more units coming online in the next year or so. ...
8
votes
4answers
432 views

Rental Property: What is considered decent cash flow? (with example)

I'm looking into buying my first rental property in Syracuse, NY. I'm looking at this one: http://www.zillow.com/homedetails/317-Wellesley-Rd-Syracuse-NY-13207/31678383_zpid/ The current list price ...
1
vote
2answers
47 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 ...
1
vote
1answer
56 views

1031 Exchange and Taxes?

We were given a property by my father in 2001 who was doing a 1031 Exchange on an investment property. Once we were given the deed and title of the property a year later, we started using it as a ...
9
votes
4answers
1k views

Who pays the property tax on a home for the year of sale?

I sold a condo on the 2nd of January this year, and I was a bit taken aback when I got a property tax assessment for that property from the county for this year (this was not a bill just an assessment ...
1
vote
2answers
111 views

Rental Properties: Is it good or bad that I can't find rental listings on that street?

I'm looking into investing into real estate and rental properties. I live in NYC, and want to check out properties in Syracuse. An agent gave me a list of his listings and I'm looking into one of ...
2
votes
1answer
66 views

Traditional IRA - First Home Purchase - Does the $10K limit apply to each spouse or the entire household?

One can withdraw up to $10K for first time home buyer. My question is if each spouse can make the withdraw or is 10K by purchase?
1
vote
2answers
92 views

Simple Property Management Software

I am a property manager looking over 8 units in a boarding house. I was wondering if anyone knew of any free simple property management software or apps. All I really need to do is keep track of who ...
5
votes
4answers
241 views

Home owners association for houses, pro/cons

(there is a question about home owners associations for condo communities here, so this is a) not a duplicate and b) fit for this website) In most contexts where I hear about a home owners ...
1
vote
1answer
549 views

HUD-1 limit on realtor commission rebate?

My wife and I are buying a new house and we are using the builder's mortgage company. Assume our HUD-1 breaks out like this (numbers manufactured to hide real transaction amount): Line 103 - ...
11
votes
2answers
2k views

If I sell my house, will I have to pay taxes on the profit?

I am in the United States, in Colorado. I purchased a house in July of 2013. It was in poor condition, so I spent the first two months repairing things before moving in. Now, 11 months after moving ...
3
votes
1answer
47 views

What will be the capital gains tax after we sell a rental home?

I'm in desperate need of some help. I've been asking different tax consultants about this situation, and I keep receiving different answers. My parents purchase a Tudor style home about 30 years ago ...
1
vote
1answer
120 views

Need exit strategy for aging mother who owns aging rental properties, please

I'm terrified for my 71-year-old mother's immediate future. She owns 12 residential rentals. We desperately need an exit strategy but she owes as much as or more than market value, and cannot afford ...
4
votes
3answers
197 views

Can future rental income be applied to present debt-to-income ratio when applying for second mortgage?

If someone wants to purchase a second home as a source of rental income (and potential investment), would (or could) a lender apply the estimated future income from rent on to the present ...
5
votes
3answers
531 views

Settling house with husband during divorce. Which of these two options makes the most sense?

This is the scenario: Our house is worth about $250,000 (we think). We owe about $200,000, so we have $50,000 equity. We are divorcing amicably and both want a solution that is fair and makes sense. ...
8
votes
1answer
256 views

Insurance for a house which is not homeowners insurance?

My wife and I moved last summer, and our former home is still on the market. We were recently informed by our homeowners insurance company that because the house is no longer owner occupied, they will ...
3
votes
1answer
66 views

How can I find out about right-of-way or easements when purchasing Land with powerlines?

I found a nice piece of land that I wish to purchase. I've never purchased a house or land before and I'm hoping for some advice. The property has quite a bit of acreage, but it appears that on the ...
2
votes
1answer
49 views

Determining CMHC insurance premium

Is the calculation based on purchase price with HST or without HST? For example, the property is being purchased from the builder and the stated purchase price includes HST. If the posted price is ...
11
votes
6answers
1k views

Buying a home with down payment from family as a “loan”

First time here, so please be gentle! I am thinking of buying a home, and have enough steady income to comfortably afford the monthly payment on the loan. However, I will need help with the down ...
0
votes
1answer
46 views

Is there an equivalent of writing calls on personal real estate holdings

Where possible I like the ability to write calls on the underlying asset for the residual income in a low-medium volatility environment Is there the equivalent of doing this with real estate? I am ...
3
votes
1answer
70 views

Rural home purchase contingent on Internet access availability?

I'm considering a move to a rural area where there are only two internet service providers. The only information we can get as to the availability and performance is from the home owners who are ...
17
votes
7answers
1k views

Is Real Estate ever a BAD investment? If so, when?

Even in a bad market, over 30 years won't the value of Real Estate always go up? Is it always a sure bet? If not, what should an investor or buyer consider?
3
votes
4answers
730 views

250k USD in savings. What's next?

I'm 32 years old and just got married 1 year ago (hopefully won't be having children at least in the next 3 years). In the last years I got to save some money, which goes up to the total amount of ...
2
votes
1answer
47 views

UK Ltd taxation on stocks/bonds income and real estate rent income

If I got it, the main tax an UK Ltd has to pay is the corporate tax, which is about 20% of the total income of the company. This income include income derived from bonds, stocks, mutual funds ...
5
votes
1answer
554 views

Is a lease still binding if not all of the parties sign it?

My wife and I were leasing a house with another couple. Two weeks into the lease, the other couple left in the middle of the night and we have yet to hear from them. My wife never got to sign the ...
4
votes
2answers
188 views

Working with Real Estate Agents

So first off I have worked with about 10 real estate agents over the past year or so. I find most of them are quite horrible. You explain what you want and they either don't call you back or show ...
4
votes
2answers
98 views

Can I invest in the housing market via the stock exchange?

Buying houses is expensive these days, and interest on mortgages is extortionate. Do investments via the stock market exist where you can invest in the housing market? Maybe shares in real ...
0
votes
1answer
47 views

Property Records - Foreclosure and Fair Market Purchase, Over and Over

Here is the records I am finding on a particular property I would like to purchase: It seems like this Smith property owner has bought it out of foreclosure three times, and sold it to a party ...
8
votes
2answers
246 views

What benefits do “title search companies” have over physically visiting a land records offices?

I am looking into buying my first piece of real property. Basically my question is "why do title search companies even exist?". Who uses them? And why? Are they doing something special apart from ...
4
votes
2answers
162 views

How can I figure out how much to bid on a parking space?

A nearby condo building is auctioning off 65 parking spaces within the building with no minimum bid. The condo is in the middle of the business district in my city. I'm interested in investing in one ...
6
votes
1answer
650 views

How to bet against the London housing market?

A lot of people are talking about a property bubble in London and I was wondering: how could you short the property market and bet on a crash? Is there any obvious way? Basically, how could someone ...
6
votes
4answers
815 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 ...
1
vote
1answer
57 views

How do I determine capital gains tax on a vacation property for 2014?

In 2003, I bought a property in New Jersey for $465,000 to use as a vacation home. I'm planning to sell it, and I think that I'll get around $685,000. I rented it out for several weeks the first year ...
2
votes
1answer
93 views

Finance the land on a non-financeable house?

A local real estate listing that I'm interested in says the house is non-financeable(it is an old mobile). However, it is on an acre of land. I have 20000 to put down, and I was wondering if it's ...
-1
votes
1answer
109 views

Evidence For/Against Real Estate Investing Vis-a-vis Investing in ETFs

Do people have good pieces of evidence about whether or not Real Estate is worth investing at all? What's a good measurement to decide this (e.g., simply looking at value increases?) If I have X ...
1
vote
2answers
312 views

Buying property in India : FBAR declaration.

I am on H1b visa in USA and thinking about buying property in India. If I buy any property in india,do I need to report my property in USA income tax return, FBAR or anywhere else? Do i need to pay ...
5
votes
2answers
194 views

How do I calculate the (likely) property taxes on a new home in a new area?

I live in Texas where there is no personal state income tax, but there is a significant tax on real estate. I am considering buying a new home, built to my specifications (ehh, to an extent...) in ...
1
vote
2answers
72 views

Investment property information resources

I'm thinking of buying some investment property, however I have no idea where to start with it. I understand that there are a few kinds of property investments and a bunch of laws and tax variations ...
3
votes
2answers
93 views

Difference in rent listed on company's website and the lease they sent me

I'm trying to rent an apartment for next year. The rent listed on the company's website is $150 less than the rental amount contained in the lease they've emailed me. I haven't signed anything yet, ...
3
votes
1answer
691 views

If I default on my mortgage do I get my deposit back as a % of the sale of the property?

Say I put down 50% deposit on a house (in the UK), and the other 50% is provided through a mortgage, what happens if I default? Does the bank walk away with the property and the potential of selling ...
11
votes
5answers
1k views

Rent or own, given these circumstances

Option A: $3600 (RENT) for a 3/2.5 condo. Option B: $629,000 (BUY) for a 3/1.75 house. This is in the Los Angeles area. Looking to live in this area for at least a year, maybe more. The house ...
-1
votes
2answers
66 views

Where can I find information on Loans in foreign currency for the purchase of property in Australia? [closed]

I am looking for information on what banks, or other financial institutions, allow borrowing of money in their home currencies for the purposes of purchasing property? The type of information I am ...
5
votes
3answers
171 views

Walking away from an FHA loan

I'm currently looking into the idea of buying a multi-family home in Brooklyn via an FHA loan. FHA loans seemed like they could take some of the risk away of putting down 20% (i.e. a high % of all my ...