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Questions tagged [jointly-held-property]

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2 answers
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How to marry without merging personal finances?

I have a girlfriend and am thinking about marrying her. I understand marriage has certain benefits, such as being able to relocate to some other country and make immigration easier, in case of ...
siamii's user avatar
  • 151
3 votes
1 answer
124 views

How can I find the FMV of my property 10 years ago, the year my husband passed away?

How can I find out the FMV of my property 10 years ago, the year my husband passed away. Related to if the $500K tax exclusion is applicable still if I sell my house this year.
Arlene J Velasquez's user avatar
2 votes
1 answer
4k views

Splitting equity among domestic partners when one partner pays the full downpayment

My partner and I are looking to buy a home together in California and set up a contract for splitting the equity. I would pay the 20% downpayment on my own, and thereafter my partner and I would split ...
S L's user avatar
  • 23
0 votes
1 answer
60 views

Partial 1031 exchange from home sale

My uncle and I are looking at selling a home we own in a trust. He would like to withdraw his portion of the net proceeds via a K1 and I would like to do a 1031 exchange with my portion. Is this ...
simgineer's user avatar
  • 113
1 vote
5 answers
356 views

Sibling Disagreement on Property for Mother

my sister would like to purchase a property for my ageing mother to live in. The property is $168K, she is putting $80K down (30 year fixed) leaving us with a $1K monthly payment (P&I, HOA, Taxes,...
Rae Kennett's user avatar
1 vote
0 answers
96 views

Am I being unreasonable to force sale of joint property? [closed]

I purchased a two bedroom flat with my sister 7 years ago as an investment on the premise that I would live there for a year and then rent out a room to cover my share and my sister would live there. ...
user108871's user avatar
12 votes
8 answers
8k views

Can my sibling double his portion of our inherited property by buying us out and then selling?

I have 2 siblings for a total of 3 of us. My father lived in a home worth $300,000. However, we inherited 2 million split 3 ways. My brother wants the property, and buy us out. When thinking it ...
Tyler wilks's user avatar
18 votes
6 answers
3k views

Buying a house with my new partner as Tenants in common. How do we work out what is fair for us both?

My new partner (7 years new!) are buying our first house together. We are both in our late 40s and have been divorced for some years. I have more equity to put down to purchase the house, but he earns ...
LouiseWaho12's user avatar
1 vote
1 answer
206 views

Injured spouse Stimulus check

My husband has child support from many years before we met and she gets his income tax year but this year when they gave out the stimulus checks he claimed me like he does every year and the ex got ...
no place for hate here's user avatar
57 votes
13 answers
21k views

Should a sibling pay rent to another sibling on a jointly owned house?

My sister and I own our parents' home. In July 2000, our mother became unable to live on her own. My sister and her husband didn't want to move in because the house was too small and too old. They ...
Brenda L Godwin's user avatar
2 votes
2 answers
317 views

How do I calculate what percentage I will own of my parents vacation home?

My parents own a vacation cabin that I would like to invest in. The cabin is worth $330,000 and they have a mortgage on it with a balance of $125,000. They took out $40,000 of their primary ...
Coolambler's user avatar
0 votes
0 answers
94 views

Rights as joint tenant paying mortgage

In California, my husband and I bought a home in which we are still paying the mortgage. His family (mom, dad and sister) are not paying anything on the mortgage but all 5 names are on the deed. If ...
Amanda's user avatar
  • 1
0 votes
1 answer
131 views

Partnering on purchasing a property

I want to partner with my 70-year old mother in law to buy a property. She is going to put $200K down and I am going to get $400K loan (since she won't qualify for loan, and I have a 780 credit score ...
shashashamti2008's user avatar
1 vote
0 answers
115 views

Being put on the property deeds of jointly owned house

This is my conundrum. I bought a house 17 years ago with my brother. The problem we have is that I am not on the deeds. We bought the house as an investment property. I was not considered for the ...
David's user avatar
  • 11
8 votes
1 answer
1k views

UK Stamp Duty, Buying with a partner who owns a flat

I own a house on the south coast. My partner owns a flat in London with her sister. Her sister lives in the flat and the other room is rented out. My partner has lived with me for 18 months and is ...
SlimCheney's user avatar
1 vote
1 answer
287 views

I recently bought a house with a co-owner, is buy out the best option?

I closed on a home with a co-owner in June 2018. We did not sign any pre-closing agreement determining what will happen if we split up. We currently divide everything 50/50 including the maintenance,...
Asia 's user avatar
  • 13
3 votes
3 answers
409 views

Value of mother-in-law cottage for purposes of will

Let's say there's the following scenario. A couple who are homeowners and parents of three adult children build a small, one-story detached mother-in-law cottage (500 sq. ft.) with kitchen and ...
Seattle Part 2's user avatar
4 votes
1 answer
360 views

Someone is buying me out of a mortgage, what kind of taxes should I expect?

About 9 years ago, I co-signed a loan for a mortgage with a family friend. I basically was just a co-signer, I didn't contribute to the down payment or any of the monthly mortgage payments. Since ...
user2804921's user avatar
-1 votes
1 answer
181 views

what's a fair share of a property to give to an investor? [closed]

Person A owns a property. Let's say it's worth £1 million. Person B also lives there. The property would benefit from some expansion, and this could add some value to the property. Person A ...
mdarwin's user avatar
  • 327
2 votes
0 answers
160 views

Rental income and mortgage interest deduction for married non resident alien

My wife and I acquired a property in the US in 2016 with a US mortgage. We started renting it that year and have been managing it ourselves since then (no rental management company). We are both ...
michael's user avatar
  • 189
2 votes
3 answers
2k views

Should I buy out my brother on a property we will inherit before making improvements?

I will be 50% owner of my dad's home when he passes, and I want to own it all, and my brother is willing to sell me his half. Right now my dad is living and it has come to the point where he needs ...
susan moore's user avatar
2 votes
2 answers
350 views

Unmarried Couple Splitting up with Joint Ownership of Home [closed]

My boyfriend lived with me and my parents for 3 years. We purchased a home together. A year later, he tells me that it's over and moves in a new girlfriend with a teenager. Neither one of them work, I'...
Tracey's user avatar
  • 29
1 vote
3 answers
2k views

How should my brother and I structure our real estate purchase?

Currently, my wife and I are renting a home from my brother at a discounted (just over his mortgage) rate of $1000 per month. He wanted to buy the home across the street but didn't end up getting the ...
Neal L.'s user avatar
  • 21
5 votes
1 answer
165 views

Siblings inherit a property

Two siblings inherit a property that could be joint or tenants in common. Can one of the owners take a mortgage out ( I assume against the property as has no other income or property) without the ...
annoyed's user avatar
  • 51
2 votes
4 answers
14k views

Resident sibling paying property taxes until inherited house sale--financially fair/appropriate?

My two siblings and I are working out our inheritance, one piece of which is our late mother's home. My wife and I had been living here, rent-free (and unemployed and at a mid-career impasse/life ...
Manbatton's user avatar
  • 331
0 votes
1 answer
1k views

Can a retired person be co applicant of a home loan?

I am willing to take home loan along with my father whose age is 64. He will be the co applicant. But as the maximum age of repaying a loan is 70 is it possible to remove his name as co applicant and ...
saik47's user avatar
  • 1
4 votes
1 answer
470 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 ...
Rachael's user avatar
  • 41
1 vote
0 answers
238 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 ...
BlackSheep's user avatar
1 vote
2 answers
131 views

Want to get off a home loan in TN

I am in a home loan with my ex-partner in joint tenancy. She is the primary on the loan paperwork. I would like to remove myself from the loan. Is that possible? She does not want to refinance in ...
Lulu's user avatar
  • 11
1 vote
2 answers
454 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 ...
Stephanie M's user avatar
0 votes
2 answers
4k 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 ...
farnsy's user avatar
  • 15.1k
3 votes
0 answers
82 views

What is the economically rational way to fund leasehold property management?

I am trying to find a company to manage the block of flats (apartment building) I live in. What is the economically rational way to pay for property management services, According to traditional ...
Croad Langshan's user avatar
6 votes
6 answers
15k views

How do I calculate ownership percentage for shared home ownership?

I am having trouble coming up with the ownership percentage I should allocate to each co-borrower. Here are the details: My husband and I are one co-borrower and my sister is the other. We are ...
April's user avatar
  • 61
4 votes
5 answers
2k views

What things should I consider when getting a joint-mortgage?

I'm currently renting and I'm wanting to buy a house in the area to live in (because I want more space and I want my money to go into an asset rather than simply losing money I'm paying in rent). ...
Dai's user avatar
  • 1,837
3 votes
1 answer
380 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 ...
Rick's user avatar
  • 231
1 vote
2 answers
2k views

Buying property in India : joint owner

I am on H1b visa in USA and thinkg about buying property in India. I have a lot of confusion in this matter. Should I buy property on my own name? or me and my father's joint name? If I keep my ...
Pratik's user avatar
  • 163
4 votes
2 answers
2k views

How to calculate the equity owned in a jointly owned mortgaged property?

I jointly own a property with two of my sisters. When we purchased the property I put a £10,000 deposit down and was the sole contributor to this. All three of us are currently paying one third of ...
Hayley's user avatar
  • 41