Questions tagged [real-estate]
A tag for questions on real estate or property.
1,033
questions
0
votes
2answers
83 views
Which is the better investment: real estate or stocks? [closed]
I get a better ROI with real estate but it is time intensive. Stocks take very little time but the ROI can vary wildly. Also, during a recession, the value of stocks can plummet but with real estate ...
0
votes
1answer
42 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 ...
1
vote
5answers
256 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,...
2
votes
0answers
42 views
Is an American waterfall (distribution) ever preferable to a European waterfall for an LP?
Waterfalls outline how cashflow will be distributed between general partners and limited partners. In the European version, the GP (sponsors) do not receive carry until the LPs original investment is ...
-1
votes
0answers
40 views
Can Bonus Depreciation offset my W2 income in the year I invest?
I am considering investing through a REIT/apartment syndication. The fund managers are saying that they are able to pass on the bonus depreciation to investors. I did a basic study on what this bonus ...
0
votes
3answers
339 views
After paying off your home, could you sell it to a confidant for $1, then buy it back for $1 in order to get lower property taxes in CA?
In California, property taxes are based upon the price that you paid for your home. Would it be legal, or even feasible, that when you finally pay off your mortgage, that you sell your home to a ...
22
votes
6answers
5k views
Do house prices increase faster in HOA or non-HOA neighborhoods?
I’m trying to decide if buying a house with a homeowner's association (HOA) is worth the headaches. A lot of websites mention that HOAs maintain housing prices better but I couldn’t find any specific ...
3
votes
0answers
61 views
Selling apartment, what taxes do I have to pay?
If I understand the tax laws in Germany correctly, it is as follows:
Case 1: If I owned the apartment at least 10 years I don't have to pay taxes if I sell at a higher price than I bought it.
Case 2: ...
-1
votes
1answer
107 views
Percentage of homes bought in London for living in [closed]
I am investigating a possibility of buying a flat in London to live in. On Rightmove it is possible to see flats/homes that were recently sold, and often it looks like the price per number of square ...
0
votes
1answer
51 views
Capital Gains tax for Rental House
I have a rental house in Seattle that has been rented for 12 years and is values about $485K. We bought a house in North Carolina last September and didn't know about being able to roll the proceeds ...
1
vote
0answers
36 views
does the seller to a cash buyer in a real estate transaction need a Closing Protection Letter?
A Closing Protection Letter is apparently an insurance product costing between $25 and $100 which is supposed to protect the lender, buyer, and selling against mistakes and illegal actions such as ...
2
votes
0answers
50 views
What are the correct terms for a fixed payment with variable rate mortgage vs variable payment with variable rate mortgage?
What are the correct terms for a fixed payment with variable rate mortgage and variable payment with variable rate mortgage? I've read on some articles that a variable rate mortgage and adjustable ...
1
vote
1answer
26 views
Depreciation Basis on Purchased Commercial Foreclosure
I've hit a roadblock in my research on the use/abuse of TIFs. I've asked some professionals the below question, however, none were willing to answer or gave me conflicting answers.
The question: What ...
2
votes
1answer
173 views
In a fixed mortgage, is the term the same as the amortization period?
From what I understand, the term is the length of time the mortgage agreement and interest rate will be in effect and the amortization period is the length of time it’d take to fully pay off the loan. ...
0
votes
3answers
140 views
What is a land loan, is it different than a mortgage, and how?
From what I understand, a mortgage is a loan secured by real estate. Thus under this definition you should also be able to buy land (secured by the land). Is this true? If it is how come there are ...
4
votes
2answers
267 views
How are assets stripped before bankruptcy? [closed]
This New Yorker article says
...hedge funds and private equity have used leveraged buyouts to
purchase chains like Sears and Toys R Us, and then stripped their
assets, including real estate, en route ...
0
votes
1answer
51 views
Utah, USA - Best Option to Minimize Capital Gains on Real Estate Sale(s)
Scenario
I bought a primary residence in Utah on 06/2020
RE in UT boomed (21% for my residence) and I'd like to sell
Additionally
I have property I've owned since 2007 I'd like to sell while the ...
1
vote
3answers
117 views
Trying to understand the difference in 2 scenarios of gifting property
I'm in the US.
I have 2 different scenarios related to gifting of a property and I'm trying to understand why scenario 1 feels legal and scenario 2 feels illegal. I can't put my finger on the ...
1
vote
1answer
95 views
Questions about capital gains on real estate
Let's say I sold my house in California and I estimate the amount that capital gains will be taxed (basis + costs + exemption of 250,000/500,000 if it was your primary residence) and there's an amount ...
2
votes
2answers
211 views
Buying a condo for 3 years and renting afterwards
This has been asked a couple of times, but I'm still having trouble with the numbers. I'm a grad student and will be in my area for another 3 years. I'd like to buy instead of rent, but given the ...
1
vote
0answers
24 views
Are there any expenses related to managing renovations on a remote property that can be applied to increasing its cost basis?
I purchased a home in another state that has needed major rehab and renovation. I have been traveling to the location to organize, design, and monitor the numerous jobs performed by contractors (all ...
0
votes
0answers
33 views
Can the buyer's salesperson receive commission directly from a private seller?
Imagine a private seller wants to save money by not hiring an agent, but is willing to pay some amount to a potential buyer's agent to seal the deal.
In the described situation can the buyer's ...
2
votes
1answer
159 views
Where can I find my home’s square footage?
Pretty straightforward. I’d like to know what my homes exact listed square footage is, without having an appraiser come in and physically measure it or doing that myself. Is there a document from ...
4
votes
3answers
166 views
Index or fund that closely tracks residential properties in the UK
Rather than buying property in the UK, are there indices or funds that closely follow house price growth/loss in the UK? Property developers tend to have their own growth patterns.
My problem is I won'...
4
votes
2answers
99 views
Is property with a transfer-on-death deed on it part of “the estate”?
My parents, in Colorado, would like my sister and I to be able to avoid probate when they pass away. They have a home (mortgage still in the process of being paid off) but not much in the way of other ...
0
votes
1answer
71 views
Condominium Reviews [closed]
I am looking to buy a condo, but I am having trouble finding out information about the condominium complexes I am looking at, and knowing what information to trust.
Several of the places I am looking ...
2
votes
0answers
55 views
Canadian citizen living in Canada wants to gift a US property to a Canadian living in the US. What do I all need to know?
My uncle wants to gift a piece of property in the USA that apparently is worth about $8,000 to my sister and I. We are both Canadian citizens living in the US as permanent residents. Just curious ...
0
votes
2answers
109 views
How can I determine how much improvement (dollar value wise) I can put on an urban lot?
So, I'm in the position of considering where (within a given city/real-estate-market) I and my family want to build our next house (which will also be our first experience as homeowners -- we've lived ...
4
votes
1answer
61 views
Can I buy an overseas property using the bonus from a Lifetime ISA?
I have a Lifetime ISA but am looking to move overseas in the next few months. I am yet to buy any property and thus my first property purchase will most likely be overseas, can I use my Lifetime ISA ...
2
votes
1answer
86 views
How will my 1031 boot be taxed?
In the USA I'm working on a 1031 exchange. I'm having trouble finding information on how a boot (if I take one) will be taxed.
I'm closing on my sale for $700k. I will have a capital gain of $550k.
I ...
-1
votes
1answer
50 views
Sell a property vs taking a mortgage
I have a property that is rented out, and generating monthly income.
I would like to invest in another property, and I have 2 ways to finance it:
sell property A
take a mortgage on property A
as ...
3
votes
1answer
31 views
Can unmarried Tenants in Common report investment property income/expenses on their Schedule E's or do they need a partnership entity?
Thank you in advance to whoever decides to read this and offer their insight.
A friend and I own residential rental properties as Tenants in Common, 50/50 split under our TIC agreement. We have a ...
0
votes
5answers
321 views
Why would a bank not “buy a house for me” if they own the house until I've paid it anyway? [duplicate]
I find myself in a situation where I'm trying to buy a house, but don't have the money readily available. And my bank won't give me a loan, in spite of not having any problems with loans/money in the ...
1
vote
1answer
95 views
If I sell two rental properties in same tax year with one at a loss and the other a gain do they partially cancel each other?
I will have a profit on one rental property and a somewhat smaller loss on another one. Will the loss on the second be deducted from the gain on the first before determining capital gains?
Do they ...
12
votes
8answers
7k 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 ...
3
votes
6answers
160 views
What is a fair way to split the profits for a co-owned property?
Seeking out some financial guidance...
My partner and I recently purchased a home with my sister and brother-in-law. All spaces will be shared with the exception of bedrooms. We will be meeting with ...
6
votes
3answers
3k views
Two siblings own home with mortgage. What is fair for both parties? [closed]
Two siblings own a home with mortgage. What is fair for both parties? Should the sibling in the home pay the entire mortgage including HOA, property taxes, and insurance? Or should there a be a % ...
1
vote
1answer
79 views
Stamp Duty for EU citizens (UK residents)
I am about to purchase as house which costs less than 400k in the UK under a leasehold over 110 years. Currently, they say there are no stamp duty rates applying until the end of June 2021. The house ...
0
votes
1answer
54 views
Which institutions will hold a real estate “trust deed”?
Pardon me if my question is stupid.
I was Googling what a Trust deed is and in one of the websites, there is the following phrase.
A trust deed—also known as a deed of trust—is a document sometimes
...
0
votes
3answers
154 views
Home sale payment
My questions refer to real estate in the US.
When the buyer pays cash (i.e. without taking a loan), would it usually mean that the buyer will have to pay the whole amount in a single payment? Or is ...
2
votes
2answers
349 views
Offering $75k (~15%) over asking in a top-20 U.S. city – are we insane?
Persona/income details: we make ~$230k/year in a medium-COL Midwestern U.S. city. Looking to spend no more than $550k on our first home.
House details: listed for $450k in a sought-after neighborhood. ...
0
votes
0answers
26 views
Is it customary to pay a share of property taxes in a Tenancy-in-Common (TIC) agreement according to the amount paid for your share?
I'm looking at buying a Tenancy-in-Common (TIC) property in San Francisco for which the TIC agreement states the following about how property taxes are divided among co-tenants:
The thing is that ...
3
votes
1answer
97 views
Using capital gains to start a business?
Lets say I make 100k profit in selling some stocks. Can I use that 100k to start a Business without paying Capitol gains? The Business would be used to buy and sell properties. Maybe a bar.
2
votes
3answers
210 views
Why aren't raising rents fixed by building more skyscrapers? [closed]
In most cities around the world rent is skyrocketing. More and more people want to live in cities and real estate is a limited resource. So why aren't more skyscrapers built to provide more living ...
0
votes
2answers
98 views
Loan to partnership or equity contribution?
I'm trying to understand how to account for the following scenario.
Three partners purchase a somewhat dilapidated income property for $600K, each partner contributing one third. It requires ...
0
votes
0answers
27 views
Purchase of a bnb property and transfer of online accounts and pre-bookings
An LLC that I'm a member of, purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interests issues).
The ...
1
vote
3answers
196 views
Cost of retaining right-of-way lawyer [closed]
I am currently discussing to purchase a lot at Prince George's County, MD. The original deed refers to a right-of-way deed with the state of Maryland for a small piece of that lot. I have a copy of ...
0
votes
4answers
258 views
Previous home owner wants to buy back the house
The previous home owner showed up after 3.5 years and wants to buy back the house. We've done a few minor improvements but no major updates/upgrades, so what should we ask price wise? Like $5,000 more ...
1
vote
1answer
55 views
Can I remove commissions from my 1031?
In California, let's say I sell a property for $100,000, paying a $6000 commission.
Is my 1031 exchange amount $100,000 or $94,000?
1
vote
1answer
73 views
Right of way (per deed)
Following image is from the plat of a lot I am interested to buy.
What does it mean buy 30' right of way (per deed)? Does it mean that I will not be able to do anything with that part of lot although ...
