A tag for questions on real estate or property.
0
votes
0answers
11 views
Should I become a landlord (effort required for positive cash flow) or keep the money in ETFs until I settle down?
Serious answers only. I'm 22 years old, I started working full-time 5 months ago, and I'm trying to decide if it's better to spend the time, effort and money to invest in a townhouse and become a ...
1
vote
0answers
25 views
Do HUD settlement statements get sent to the federal government?
One of the forms I see prepared for a real estate transaction I am doing is a "HUD Settlement Statement". I am paying cash, but the form refers to me as a "borrower". The top of the form looks like ...
1
vote
2answers
92 views
Comparing Real Estate returns to Mutual Fund returns
I was recently looking at a syndicated Real Estate investment that did some math to show what future returns might look like. The bottom line was that a $1,000 would turn into $2,360 after 10 years. ...
0
votes
0answers
60 views
Buying plots in Unapproved layouts in Pondicherry [closed]
I am looking at buying a plot in an Unapproved Layout in Pondicherry. The plot/layout comes inside the boundaries of Pondicherry as mentioned in the Comprehensive Development Plan (CDP) released in ...
2
votes
0answers
126 views
Tenant joint letter to evict an other tenant? [migrated]
I am in the Los Angeles area, and there are 4 tenants in my house. The last tenant who just moved in yesterday smokes, I told him that he needs to do it at the far end of the yard, and clean up ...
1
vote
3answers
93 views
Buying a flat abroad through British LTD company
I'm an IT contractor in the UK, I'm considering buying a flat in Poland, rent it on Airbnb or work remotely from there.
I'm thinking if it's worth buying it through LTD company in my case.
Would it ...
1
vote
2answers
232 views
Does it make sense to buy a house to live in for a few years then rent it out?
I'm currently looking to buy a house to live in for 2-3 years, and then rent it out. Most recommendations I see are to buy a house if owning for 5+ years, but I'm not sure how that advice applies if I'...
7
votes
4answers
2k views
Is it advised to sell current self occupied home and buy the other new one to book the profit?
I have a first (and only) and self occupied home. Mortgage is fully paid. Home is with four rooms.
Considering expenses I done on home so far including my share in mortgage, taxes so far, total ...
4
votes
3answers
609 views
Dad (mid 50s) wants me to help him invest ~500k?
My dad is in his mid 50s right now, and he has ~500,000 in his savings account. He has approximately 1 million in his 401k. He feels bad that he missed out on the rally of the past 9 years and wants ...
4
votes
1answer
213 views
No debt. Any advice where to invest saved money and what to invest in after maxing out 401k? [duplicate]
My situation:
I'm 24, single, and I live with my parents in the United States
I have no debt and I have 100k in a savings account
I have a 90k job
I am currently maxing out my 401k
I have no ...
3
votes
1answer
89 views
Can previously low wages hurt my chances of an approved home loan?
Some quick stats about me.
Received a pre-approval for $280,000
Credit Score: 808
Current Salary: $63,500
Job: Junior Software Engineer
My main concern here is regarding the eventual income ...
1
vote
1answer
60 views
Why isn't auto insurance included in DTI
The debt-to-income ratio includes monthly payments such as your mortgage, car payments, student loan repayments, and child support.
However, it doesn't include payments such as auto insurance. I ...
1
vote
1answer
89 views
Trying to compare two investment scenarios
I have an apartment that I have been renting, but due to some recent events, I'm considering selling. I'm trying to make a numbers based decision, so I'm going to try to compare two distinct scenarios:...
2
votes
0answers
63 views
I am Canadian and own a cottage in the US. I want to gift it to my 2 Canadian children. What are the tax implications
I own a cottage in Point Roberts Wash. I am a resident of Canada and want to gift it to my son who is also Canadian, What taxes apply to this transaction?
1
vote
1answer
156 views
Building a new house to replace an existing mortgaged house
I know that others have posted similar questions but I don't think any I've seen so far relate to our exact situation. We bought a cottage in Nashville, TN about 15 years ago that was right for our ...
41
votes
12answers
13k views
Should I buy a house now before prices rise even more?
We rent an apartment in Frankfurt, Germany and we are contractually bound to it for another 1.5 years. We are 33 and 35 years old and there will be children soon. We make around 110k € annually (...
6
votes
1answer
116 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 ...
2
votes
1answer
47 views
Rates and valuation notice is it equivalent to market value of a property in Victoria, Australia?
I received a rates and valuation notice from the council and the valuation of the property is approximately $80,000 less than what I paid for it 6 months ago. This is my first mortgage property and I ...
2
votes
1answer
230 views
The tax consequence of replacing a wall of a house
An investor who lives in the US has a single family home which has been fully depreciated. It is on the beach and has only been rented. It has never been used by the owner.
One of the outside walls ...
2
votes
2answers
233 views
Waiting to buy the right property: where should I put my money in the interim?
I sold my property and I have moved back to the UK where I plan to buy property in London. The market is currently declining due to uncertainty caused by the Brexit negotiations. I have decided ...
1
vote
1answer
77 views
Saving / investing before I buy a home with an unknown investment horizon
My income exceeds my expenses, so I save money monthly. I tend to move countries every 2–6 years. Until I settle in a place where I expect to stay at least 5–10 years, I rent my home. By the time I ...
1
vote
1answer
170 views
Does it make sense to keep apartment when buying house
5 years ago, my wife and I bought a apartment for 220.000€, taking out a 15 years loan, at 1%
Since then, kids happened, and we feel a bit crowded in this apartment.
After discussing with a few ...
0
votes
1answer
87 views
Rental Property Detroit; profitability
I am considering buying a property in Detroit, renovating it and renting it out.
>Photo of the property<
I was wondering if I have a good chance of renting the property out in this part of ...
0
votes
1answer
103 views
How does a qualified intermediary make money?
Can they invest client money and make money on the return on investment, or do they charge fees directly to the client?
65
votes
9answers
19k views
How is early-and-often home buying as “get rich” advice feasible?
I am being told by this guy that the following is a guaranteed-to-work way to become rich and retire early.
He says to start early. 20 years, or near that age. Buy 1 house a year. Rent it out. Start ...
1
vote
1answer
96 views
how to compute holding period on real estate
For the purposes of computing long term versus short term capital gains tax treatment, when does the holding period for real estate end?
I can think of several options:
At execution of the purchase ...
3
votes
1answer
154 views
Selling Land investment (Current Home) for 900k profit. Tax Effective Strategy?
Selling Land investment (Current Home) for 900k profit. Can I enjoy the 500k personal residence tax deduction and invest the other 400k into my next investment without getting taxed this year? This ...
56
votes
4answers
18k views
Why would a home seller ask a buyer to offer LESS?
My brother-in-law is looking to buy a house. The house he wants has been on the market for a long time, and it's in pre-foreclosure. The owners are underwater on it. He submitted a lowball offer, ...
1
vote
4answers
80 views
Can you fully deduct an investment property owned by an LLC?
I operated a business that generates substantial income. I would like to invest some of this money by buying various, undervalued properties in my area, doing slight improvements to them, and ...
1
vote
1answer
114 views
How can I legally sell this property abroad?
I have a property in Bangladesh worth around £500k. I built this property legally many years ago however I moved to the UK around 18 years ago.
When I moved, I had changed my name legally meaning ...
1
vote
3answers
266 views
Is it safe if I rely “only” on mutual funds for retirement planning?
I am investing in mutual funds to raise retirement fund. My portfolio is 25% debt and 75% equity currently. I have self occupied property.
Before few years of retirement, I will start to switch fund ...
0
votes
0answers
32 views
Are life annuity properties worth the risk for non-EU residents?
I am almost done paying off the mortgage of my principal residence, and I still have some good working years ahead of us. I wonder what I should do with the equity that I have accumulated over the ...
0
votes
1answer
19 views
Personal Assets and Initial Contribution for Business Use
How would a person factor using personal assets for starting a business?
For example, the owner's personal car, cell phone, and laptop will be used as initial equipment, but the owner will also ...
1
vote
3answers
135 views
Partial investment in a home
Are there well defined ways to purchase stock in a home rather than taking a loan our on the home?
For example, imagine I wish to own a home, rather than taking a loan, I find person or business A ...
1
vote
0answers
22 views
What documents do I need to sell a real estate property in Canada?
What documents do I need to sell my real estate property in Canada & Which particular document is the proof of my ownership? I believe it is some kind of title, transfer and survey document?
5
votes
1answer
418 views
How should I calculate property value at remortgage?
Purchased a house (in the UK) with a 2 year fixed mortgage. When it comes to remortgaging, how is the property value calculated? Can I have any input into this, or is it done on "drive-by valuation"?
...
4
votes
1answer
76 views
When and how to create a will document Vs. inheritance rules
I few questions related to will:
Q1: Is there any particular kind of assets for which you must have a will document or inheritance rules are sufficient? In particular:
Real Estate
Automobile
...
0
votes
0answers
34 views
Calculating capital gains tax on the sale of a house
How does the CRA calculate capital gains tax when a house is sold in Canada and if the sale makes a loss are the proceeds of the sale held back until the next tax year? Thanks
1
vote
2answers
89 views
How to balance the risk of owning one real estate?
I am about 45 years old and recently began to receive a US government pension, which I do not require for current expenses. The monthly payment is about a quarter of my living expenses, but due to my ...
2
votes
0answers
76 views
Difference between member and shareholder of a residential management company in the UK
My wife and I are joint lessees of a flat within a block, in the UK. There is a management company responsible for managing the common areas within the block. The lease requires the lessee to apply ...
20
votes
7answers
4k views
Replace old A/C before selling house?
tl;dr: would I get my money back if I replaced the leaky old A/C before I sell my house?
The central air conditioner in my house is a little over 20 years old. I just had to pay $200 to add freon, ...
2
votes
0answers
57 views
Selling a portion of a co-op and taking full 250k deduction?
I an single and own a 3-bedroom 2-floor co-op in NYC... the result of a combination of two units.
If I separate the duplex into two separate units and sell one (while keeping the other as my primary ...
2
votes
2answers
164 views
Is the IRS wise to false real estate sales?
I recently was reading some deeds and in one case I noticed that a vacant lot had been transferred for a lot more than its value. On the open market the lot would sell for maybe $300,000 at best. ...
1
vote
2answers
140 views
How do I calculate the ROI for a rental property I've owned (mortgaged) for about 15 years?
We own a two family house and both parts are being rented. We moved out years ago and now live with extended family... "temporarily." Trying to figure out the best financial route while getting into ...
1
vote
2answers
82 views
How to get Loan for more then 1 CashFlow Apartament?
I see that experienced people buy MANY flats using loan and then provide them for rent and that rental payments cover loan payments.
But when I asked the bank to do it, the bank is glad to provide ...
0
votes
3answers
112 views
Would a commercially-owned personal rental property be considered commercial property?
If a property rental company, essentially a corporate landlord, is looking to acquire homes to rent out on mortgage, would the company take out a personal mortgage or a commercial mortgage, or is ...
1
vote
1answer
60 views
How do capital gains tax work on a property where you finance the buyer?
I have a second property (home) which, due to tax law changes, I will now owe income tax on gains if I sell.
But how does this work if I finance the sale? Suppose the hypothetical sale price was $...
-1
votes
2answers
821 views
Are landlords required to provide bathroom access to tenants?
I live in North Carolina, and I am not sure what the laws around this issue are. I was looking to purchase a home: live in one room, and rent out the other. I am quite a germaphobe, and have had ...
0
votes
1answer
318 views
Buying a house over a long period of time without a mortgage
I will soon receive a sum of money which will allow me to pay all cash for a house.
However, I'd rather pay for the house over a long period of time. I would like to put the unspent money to work in ...
2
votes
2answers
345 views
I'm 25 years old and about to inherit $100,000 CAD, best thing to do with this?
I have roughly $30,000 CAD saved already and I've been looking to get my own place, perhaps a Condo but the prices in the GTA are just absurd, you're looking at 500k for a 1 bedroom/1 den/1 bath pre ...
