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Questions tagged [jointly-held-property]

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6
votes
1answer
134 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 ...
1
vote
1answer
205 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,...
3
votes
3answers
200 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 ...
3
votes
1answer
190 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 ...
-1
votes
1answer
126 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 ...
3
votes
0answers
119 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 ...
2
votes
3answers
630 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 ...
2
votes
2answers
300 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'...
1
vote
3answers
598 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 ...
5
votes
1answer
139 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 ...
2
votes
4answers
8k 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 ...
0
votes
1answer
652 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 ...
4
votes
1answer
376 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
vote
0answers
126 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 ...
1
vote
2answers
124 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 ...
1
vote
2answers
388 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
2answers
1k 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 ...
3
votes
0answers
69 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 ...
5
votes
6answers
7k 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 ...
4
votes
5answers
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). ...
3
votes
1answer
306 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 ...
1
vote
2answers
683 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 ...
4
votes
2answers
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 ...