Questions tagged [jointly-held-property]

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55
votes
13answers
11k 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 ...
2
votes
2answers
174 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 ...
0
votes
0answers
82 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 ...
0
votes
1answer
123 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 ...
1
vote
0answers
109 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 ...
2
votes
4answers
11k 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 ...
6
votes
1answer
528 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
253 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,...
4
votes
1answer
439 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 ...
3
votes
3answers
287 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 ...
2
votes
3answers
1k 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 ...
4
votes
1answer
240 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 ...
2
votes
0answers
147 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 ...
5
votes
6answers
10k 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 ...
-1
votes
1answer
144 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 ...
2
votes
2answers
319 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
888 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 ...
1
vote
2answers
972 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 ...
3
votes
1answer
325 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 ...
5
votes
1answer
149 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 ...
1
vote
2answers
411 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
1answer
939 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 ...
1
vote
0answers
172 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
125 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 ...
0
votes
2answers
3k 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
76 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 ...
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). ...
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 ...