Questions tagged [real-estate]
A tag for questions on real estate or property.
895
questions
0
votes
0answers
8 views
How to assess a price for splitting a Freehold
I've just bought the freehold of a property. More specifically...
The property is a 3-storey House, with a 2-storey maisonette on the first 2 floors, and a separate flat on the top floor.
The ...
1
vote
2answers
109 views
Do I have to pay city “fees and fines” if I buy a foreclosed property?
I am looking at a foreclosed property in NYC that has $320,000 in charges from a 2017 city tax bill. In 2016 there was a house there and then afterwards there wasn't so I guess the city demolished the ...
0
votes
0answers
65 views
Gifts of equity
I am buying my brothers house for the remainder of the mortgage which is $60,000. The value house is valued at $125,000. Is there a tax or fine on the $65,000 of equity or can he gift it without any ...
3
votes
0answers
73 views
In general, does “the market” prefer or dislike bottom-floor apartments/flats?
I can see both many pros and many cons of living in a bottom-floor apartment, as opposed to one on any other level/floor. I'm undecided myself, actually. However, I'm asking about what the general ...
5
votes
4answers
745 views
Buy apartment now despite corona crisis?
I am about to buy an apartment (in a major city in central Europe) to live in, mostly with borrowed capital (around 80%). The price was set before the financial crisis due to the corona virus started. ...
1
vote
0answers
48 views
What are the easy financing options available for down payment on home loan or how can I take loan to pay for the home loan down payment? [closed]
Can I get a loan or is any other lending/financing option available to arrange funds in order to pay for the down payment amount for the home loan.
3
votes
1answer
105 views
Will old owner's title insurance be valid on refinance?
I was wondering: if I refinance my home, will I need a new owner's title insurance, or will the previous title insurance still be valid?
I suppose the new lender will require new lender's title ...
0
votes
1answer
71 views
Does Germany has a Tax law similar to Like-kind exchange ( section 1031 of IRS in US)?
I am 24 year old software developer living in Germany. I am an expat here and I am about to receive my permanent residence (Niederlassungserlaubnis) in a year. I am very interested in investments ...
0
votes
1answer
104 views
Triplex - Joint Property with my brother - 50/50 Investment - I am moving out
I have an unusual case I was hoping someone could shed some light on.
I bought a triplex with my brother a few years ago. Up to date we've both put in a substantial amount of money including mortgage ...
12
votes
3answers
6k views
What should I pay buyer's realtor when selling without an agent?
I'm planning on selling my house FSBO. I live in a very seller-friendly market in West Michigan. I have not listed my house yet and already some people have found out (through word of mouth) that I'm ...
1
vote
0answers
48 views
Property conundrum - UK vs Australia
I'm an Australian living in the UK and have been here for 5 years. I've saved up lump sums on both sides of the world. They are both enough to put forward towards a deposit on a property.
Currently, ...
1
vote
0answers
497 views
Should I buy a new house now the coronavirus is breaking out? [closed]
Just looking for some advice on whether the conclusions I have come to are sound. I live in the UK.
In November (pre-virus) a house came on the market in an area my partner and I really like, a ...
0
votes
0answers
23 views
Re-leveraging an investment property vs 1031 reverse exchange
Is it shady / an issue or typical and accepted to refinance a property to the max just before selling it and performing a 1031 exchange? Is this considered a taxable event (have to pay taxes on the ...
1
vote
1answer
93 views
How does the “Subdividing Tax Lots” scheme work?
In an article that broke today, a Manhattan developer was charged with "subdividing tax lots" in order to get around zoning laws limiting the height of a skyscraper.
What does it mean to subdivide a ...
4
votes
0answers
188 views
How long must I wait after buying a property to rent it out?
I bought a place as a first time buyer without mortgage. Consequently I paid a 3% stamp duty. Due to certain circumstances, I will have to rent it out. I would like to know how long before I could ...
1
vote
0answers
60 views
Are property taxes prorated per quarter or per fiscal year at closing?
We just closed on a property last week, and were surprised to see that property taxes were prorated for only the quarter in which the closing happened (Q3), and not for the full fiscal year.
Our ...
0
votes
0answers
35 views
What is the tax benefit for homesteading in Minnesota?
When closing on my new home in Minnesota, I was told to submit a homesteading form to claim a tax benefit. Does this help lower my property tax bill or is it related to state income tax? Details are ...
37
votes
4answers
13k views
What happens if you can't pay at an auction?
Based on this question about wholesaling homes - what happens if somebody purchases a home at auction, places their down-payment, cannot find a buyer, and backs out of the auction? I'm assuming they ...
27
votes
5answers
11k views
Buy house with down payment, no loan, sell instantly
I just read Rich Dad Poor Dad, and I have no idea about mortgages, loans or real estate.
The author of the book describes a scenario in which a property is found for a cheap price (auction in this ...
7
votes
1answer
2k views
What is the typical compounding/amortized period on US mortgage loans
In a different question it is stated that
Mortgages are compounded .. 12 times a year in the USA
Is this true or just applicable to that question?
I am looking at a site where it explains how to ...
0
votes
0answers
44 views
How will I be taxed on a partial 1031 exchange?
I'm looking to execute a 1031 exchange (in USA) but not on the entire amount of the sale.
For example say that I bought a property for $200k with $100k mortgage and I sell it for $300k.
Ignoring ...
1
vote
3answers
79 views
Present value of perpetual GROWING periodic payments
There are multiple sites that post a formula for the present value (PV) of a perpetual EQUAL periodic payment:
PV = a / ((1 + i)^t - 1)
where a (in $) is the value of the periodic payment, and t (in ...
0
votes
1answer
134 views
Can seller backout of their counter offer after buyer accepts
Situation my son is in.
He made an offer, then the seller countered.
He countered again, they countered back.
He accepted their counter.
Now they don't want to do it, and may have sold the house to ...
-2
votes
1answer
95 views
Is there a general rule on how to most efficiently purchase rental properties? [closed]
The way I see it, there are two general options to acquiring a slew of rental properties.
Save up for 20% down, and then buy as a pure rental property.
Put <20% down, live in it for a year (while ...
2
votes
2answers
299 views
55+ communities bulding in Florida
I'm a non US citizen; my father and I are looking to invest in an apartment in Florida.
I have found 55+ communities that are on our price range. But I’m not 55.
Can people under 55 live in a 55+ ...
23
votes
6answers
13k views
My (buyer's) agent is the seller's agent for the house I want
My wife and I have been looking for houses for a few months through an agent who was recommended by a friend. We've mostly found houses by ourselves and Zillow and had him organize walk-throughs, ...
1
vote
2answers
146 views
UK - letting agency / landlord responsibility to provide documentation for a heating system
This question is based on renting a property via a letting agent in the United Kingdom.
I am renting a small flat as I've sold one house and am considering my options before purchasing another. I ...
1
vote
2answers
122 views
How to properly account for a leased property where the tenant has the option to buy
I'm the personal representative of an estate with a situation like the following:
Property with tax assessment of $100,000
Tenant with a multi-year lease for the property with a total "lease fee" of $...
1
vote
4answers
691 views
How risky is it financially to emigrate to a different country?
My situation: I am 31 years old. I live in the UK and have been a software developer for 5 years (but only 1 year in a really challenging, full stack position). I own a house. I have a fair amount of ...
-2
votes
1answer
311 views
Can you retire when owning 3 or 4 houses, and what if you still have to pay mortgage on some of them?
I did some calculations before, and found out if a person own 3 or 4 houses, townhouses, or condos, then the person can probably retire.
That's including living in one house, and getting rent from 2 ...
1
vote
0answers
48 views
How would investing in real estate (REIT or similar) affect my tax situation in the U.S.?
My wife and I are in our 30s and bought our first house this past year. We don't expect to have enough money to buy a rental property or another house in the foreseeable future, but we are ...
9
votes
5answers
2k views
Should I become real estate agent to save on buying my own home and sell existing one?
I see cost to sell a home is at least 6% in commission and some expenses.
I am planning to sell my $200K home and buy a new one of about $500K. Without arguing which party( buyer/seller) pays for the ...
5
votes
4answers
2k views
Is an inspection contingency with “no money back” wasted verbiage?
We are the sellers. Our contract explicitly states 2 things:
The Buyers can back out based on the inspection and receive earnest money back.
Sellers will not provide money back at closing, or make ...
1
vote
4answers
199 views
Co-ownership on house
Five years ago I found a house I wanted to buy.
I had a full-time job and saved enough money for the down payment.
I went to see about getting a loan and I was told that my income alone was not ...
0
votes
1answer
268 views
Lost $100k (paper) money on property subdivision project. What should be my next step?
I had the misfortune of working with a shady project manager for my first property subdivision project (1 property into 3). The development contract with him was for him to organise and supervise the ...
2
votes
1answer
102 views
How can I compensate a new owner for a special assessment without incurring income tax?
The dwelling in question is a Townhouse in Boulder County, Colorado
I was the owner of a dwelling in Colorado when a fairly bad hail storm hit this last Summer. I received notice that there would ...
0
votes
0answers
71 views
Anything to know before selling a Lease back to the freeholder
We're about to sell our leasehold, ex-council property back to the council, i.e. back to the freeholder of the lease.
Is there anything we should know about beforehand?
Should we expect this to be ...
1
vote
3answers
130 views
Who normally attends a residential real estate closing in the US?
For a standard mortgage closing, what parties are usually in attendance for the final walkthrough and closing event?
3
votes
4answers
5k views
Home rebuild and demolish
I own a half acre in a very convenient and lucrative area and have for years now. I still owe on my mortgage and my home is in good condition. My family is quickly outgrowing it. The home builders ...
2
votes
3answers
2k views
Are there tax benefits in the U.S. for buying a first house? [duplicate]
Does a mortgaged home purchase impact your federal U.S. tax return in any way?
1
vote
2answers
96 views
Can a house appraisal impact my mortgage loan?
Purchasing my first home and had to go over asking price due to competing offers. What's the likelihood that the appraisal will come in under the purchase price, thus complicating my mortgage ...
2
votes
2answers
127 views
Would adding artificial turf to my rooftop patio increase the value of my home? [closed]
I know there are many ways of increasing the value of home; redoing flooring, replacing old HVAC systems, adding in smart security systems, etc... My house is brand new construction so there isn't ...
2
votes
1answer
217 views
I plan to cash out my entire 401k within 2 years, should I maximize my contributions or should I minimize them and invest in money market/index funds?
I have a serious medical issue that makes collecting my 401k benefit a near impossibility. I have about 20k saved up in my 401k and we’ll call it $60k in the market mostly in index funds/ETFs. I ...
2
votes
3answers
199 views
Two realtors estimating different price ranges
I'm looking into investing into a specific apartment. It hasn't been publicly listed as for sale yet, I just happen to know the current owner. The owner asked me to do my own research and make him an ...
2
votes
2answers
303 views
Along the path of buying the first, second, and third house. Should I rent one myself?
If I have 2 houses, and rent out both of them for $4,000 each, then the bank will take into account the rental income of $8,000.
But if I live in one and rent out the other, the bank only accounts ...
2
votes
0answers
126 views
If you are married, your house's capital gain is tax free for the first $500k. But what if your spouse is not a citizen?
If she is not a citizen or if she doesn't not have a green card yet, does this apply?
I think the rule is that she also has to live in the house for 2 years in the past 5 years, so she will need to ...
5
votes
3answers
473 views
Taxes on rent back
I know there are risks to this, but I'm only asking about viability.
Let's say I buy a property in the United States and did a one to three year rent back to the previous owners. The sellers would ...
1
vote
1answer
49 views
How to make strategy for diversification between real estate and stocks?
I am living in tier 2 city in India and my father have all investments in real estate in my city. He had brought land earlier(20-25 years ago) when the prices were pretty low. It has given so much ...
2
votes
1answer
174 views
Outsourcing rental risk: selling right to rent house?
I am wondering whether there is a way to get rid of the risk associated with renting a property one owns by selling the right to rent that property for a certain period?
I am especially interested in ...
0
votes
1answer
71 views
Piedmont, California boundaries for the purposes of school district [closed]
We're contemplating a move to Piedmont, CA for a better school district than where we are now. Trouble is: I get different boundaries of Piedmont on Zillow and Realtor. Realtor's listings for Piedmont ...
