Questions tagged [real-estate]
A tag for questions on real estate or property.
836
questions
3
votes
1answer
38 views
Do I need to buy a new property to get the tax exclusion from Section 121?
I've owned and lived in my primary residence for about 3 years now. I am about to sell it in a few months and, when searching online for tax information, I saw many references to both Section 121 and ...
0
votes
2answers
112 views
Renting Part of the Home
I am currently living in a rented house. I am thinking of buying a home with the intention of renting out a section (for example, a two story house, live on the first floor and rent out the second ...
4
votes
1answer
186 views
Identical flat put up for sale just before us
I live in a block of flats, where each flat is (or was originally) identical.
Half are a reflection of the others, and the ground-floors are different from the non-ground-floors, but other than that ...
3
votes
1answer
78 views
Are inheritance tax and capital gains due on UK property joint owned by parents and children?
Around twenty years ago my parents amended the ownership of the family home so it was jointly owned one quarter each by my parents, my sister and I. At the same time they made wills stating that their ...
0
votes
1answer
116 views
US citizen gifting real estate to non-US citizens
Annie, a US citizen, has 2 houses (around $60K each) to give to her family members and try to avoid or minimize gift tax. She would like to give (a) one to her mother, a US permanent resident; and (b) ...
1
vote
2answers
454 views
Is it more financially sound to own 100% of one property or 50% of two properties?
Property A: 3-bed flat in a decent location, say, worth $100k
Property B: 2-bed flat in a marginally worse (but still decent) location, say, worth $75-80k
Person X and person Y both inherited 50% of ...
0
votes
2answers
105 views
buying property , loan and collateral
If one owns a property that's worth 200K, is it possible to get a loan to buy a second rental property for 100K, given one owns the first property outright, using it as collateral? Does this person ...
1
vote
1answer
68 views
UK limited company buying UK real estate: KYC and AML requirements
The situation is the following:
Our family has setup a structure of companies to manage our investments into real estate.
There is ACME Limited, a UK limited company properly registered in the UK, ...
1
vote
0answers
18 views
1031 Exchange Scenario
I'm looking to sell a single family rental property for $400K and buy two with a 1031 exchange. I should have about $150K to put down. I may look at turning one of the new properties into my primary ...
0
votes
5answers
288 views
Can you go broke by investing in prime real estate?
If you follow the classical mantra 'location, location, location' and invest regularly in prime real estate, or, according to your economical level, in a company or fund that does this, what can go ...
21
votes
3answers
7k views
Are those flyers about apartment purchase a scam?
Let me start by stating that I know the golden rule: "If you need to ask if it's a scam, it very likely is". In this scenario my "spidey-sense" is tingling, however I can't quite see how would this ...
54
votes
19answers
13k views
Are there any financial disadvantages to living significantly “below your means”?
By living "below" your means I'm asking about spending significantly less than you could, rather than living "within" your means which of course is sensible if you are able to do it!
So for example:
...
2
votes
1answer
175 views
Why do UK Property developers/investors create a company for each property they buy?
I am currently researching on UK property development and buying.
An interesting website for that is the https://beta.companieshouse.gov.uk/website.
While browsing through it, it became apparent to ...
5
votes
3answers
373 views
Can I purchase a 2 bedroom Philadelphia condo, live in one room, and rent the other?
I am in the process of purchasing a condo in North Philadelphia. The situation is great and my offer has been accepted. I received Condo Association documents to review and have 4 days left to review ...
1
vote
1answer
34 views
House property loss adjustment with carry forward loss from previous year
I have a query regarding situation below for tax implication :
Carry forward loss from previous year under head house property loss : 60000
Current year house property loss : 120000
With above, ...
2
votes
1answer
103 views
Tax implications of selling UK property as US residents, while keeping cash proceeds in the UK?
We are currently selling our UK property and complete in a couple of weeks. The original plan was to transfer the money to our US account and pay off our US mortgage, but the exchange rate is ...
0
votes
0answers
50 views
Title company cost breakdown for home buying
A close friend is first-time buyer, and is closing a home with a title company in Chicago area (Cook county). After many issues with his lender not delivering the funds on time on 7/26, he has to ...
4
votes
5answers
291 views
how to determine value of time share
At a resort, we were offered to buy one week of timeshare. It sounded gimmicky and their pricing was not clear.
The starting ask price was a one time $50k payment and a yearly maintenance fee of ...
3
votes
1answer
117 views
How to invest in property in the UK - mortgage vs cash buy
I'm fairly new to investing and I've never learnt to invest in different asset classes. Since my career has kicked off really well in the recent 3-4 years, now I'm planning to invest in property.
I'...
1
vote
0answers
41 views
Renting and selling a US house while being a EU resident
Clearly anybody can buy a residential property in the US. If one buys for investment and lives in EU (say UK) where does he/she pay rent and sales tax? US or UK?
35
votes
8answers
11k views
High income, sudden windfall
I currently earn quite a good salary (around $250,000 Australian dollars per year). Due to a recent investment coming good I am expecting to be receiving a windfall of around $1.2 million Australian ...
0
votes
3answers
232 views
Splitting home sale when not everyone paid mortgage
My friend and her husband bought a home with another friend. The friend contributed a small amount for the down payment and has been paying rent but is listed as an equal co-owner on the deed. The ...
0
votes
2answers
105 views
Future planning [duplicate]
My wife and I bought our current house about a year ago. We love it. The location is great with many new projects coming to the area, including a train station, a shopping plaza and a marina by the ...
45
votes
9answers
19k views
I won USD 50K! Now what should I do with it?
I won a sweepstakes and will be getting USD 50k...it is verified that it is legitimate although no taxes have been taken out so I will have to claim this income on my taxes next year, they will send a ...
1
vote
2answers
239 views
Sharing father's property with my brother
My father owns a piece of land which he wishes to share between his two sons - me and my brother. I do not wish to own the land and would rather take my share of the money (in other words my brother ...
0
votes
1answer
130 views
Why many people are trying to sell their property in Southern Chennai?
I am planning to buy an apartment in Southern Chennai, India.
I searched in a leading property website 99acres.com and wondering about some results.
I searched all residential buildings+land in the ...
3
votes
2answers
305 views
About opening an LLC with little to report in the beginning
I am a full time employee in Texas and my wife is a stay at home mom. We are buying our third house and it should be ready in about 11 months. We rent out our current 2nd home (of which we own about ...
1
vote
1answer
183 views
Is it better for a couple to buy a house together?
Is it better for a couple to buy a house together; forfeiting (I believe) one of their First home buyer's grant. This way both put into the loan and it gets paid off much sooner resulting in less ...
2
votes
0answers
180 views
How to obtain “Negative Equity Insurance” aka “Home Equity Protection” aka “Equity Protection Policy” in the UK?
I'm searching for an insurance policy to protect against negative equity on a residential real-estate.
The risk I'm trying to protect against is that house prices will fall.
I'm looking for ...
1
vote
0answers
50 views
Is it possible to sell a portion of a house that someone still lives in (In Italy) to a third party?
I have a friend who owns (along with hr brother and mother) an equal share in a family property that was inherited from the father when he passed away last year.
It is a large property (six bedroom), ...
4
votes
1answer
87 views
Does Internal Revenue Code section 1031 enable perpetual depreciation to offset income?
I've recently come across Internal Revenue Code section 1031, which as I understand it allows me to postpone paying taxes on income from the sale of an investment property, so long as I purchase a ...
36
votes
6answers
9k views
How risky is real estate?
I have a friend who plans to retire by putting all of his money in local real estate. He makes a huge return on investment on the property he has now - something like 25%. Fundamentally, I think ...
1
vote
2answers
170 views
Is it a wise decision to buy a home in the current market in a coastal market where prices are at a premium [closed]
I am looking at the possibility of purchasing a property in the San Diego costal area, however I wanted to get some feedback from people that know the economic outlook better than I would. Is it a ...
0
votes
0answers
62 views
Quit Claim Deed: Role Titles
I currently own my house with my son. The deed is a joint tenancy with rights of survivorship between me and my son.
I would like to relinquish my portion and give it to my wife, with my son's ...
2
votes
1answer
52 views
Rental Property 1031 Exchange & Boot
Is a mortgage "boot" still considered a recognized gain even if the debt, LTV (loan to value) and purchase price have all increased or remained the same in the exchange?
Note: If you aren't familiar ...
7
votes
6answers
2k views
Does the growth of home value benefit from compound interest?
I read Investopia's definition and my take away is that compound interest applies to an investment that yields some return on a regular basis and that yield is reinvested in that instrument. If I have ...
0
votes
0answers
105 views
Building a house during times of economic upturn
Since 2008 the aftermath of the recession, the economic crisis has turned from recession into a rise and better economic times. In some places, in western european cities, this means housing prices ...
0
votes
2answers
229 views
Can you use a small business loan as the down payment on a house?
My wife owns a small business and is looking to purchase a barn or small warehouse to store some of her rental items. We are also looking to purchase a new home for our family. Can she acquire a loan ...
28
votes
7answers
12k views
Why would a rational buyer offer to buy with no conditions precedent?
Assume that the Canadian Reddit commenter beneath is rational. I corrected typos.
As an investor, I have a tactic where I only buy houses via the
listing realtor, and do not use my own. Why?
...
2
votes
0answers
47 views
Tax on inherited property [duplicate]
I am USA citizen and I want to sell my inherited property in India. If I bring that money to USA, do I need to pay taxes in USA?
0
votes
4answers
196 views
What do we know about elementary financial education at highly ranked schools at the pre-college and early college levels in the US?
Several answers and comments have postulated ignorance of the most basic financial features, for example, a total misapprehension of "marginal tax rate". See, for example, the comments under the ...
0
votes
0answers
158 views
How much will my property taxes go up after new construction
Here is the situation:
This is in California
My family's home was bought 10 years ago at $1,000,000, they are paying over $10,000 in taxes every year.
The current market value of the home is around ...
5
votes
1answer
690 views
Too good to be true raffle
There's a raffle here which seems too good to be true:
https://www.winapetloversdream.com.au/
It's a $59 entry fee for a $1m+ prize. I am particularly suspicious because there are no T&Cs ...
6
votes
2answers
2k views
Will there be more tax deductions if I put the house completely under my name, versus doing a joint ownership?
I currently live with my mother, and the house is under her name.
However, I pay for the property tax (house paid off).
In regards to property tax reductions. If I will be continuously paying the ...
4
votes
1answer
165 views
Capital gains on vacant land
My husband inherited vacant land when his mother died in 1990. His parents bought this property in 1946 if that makes any difference. We are selling it and am wondering what we will end up with after ...
3
votes
1answer
243 views
How high does the buy-to-rent ratio have to be to make renting cheaper over the long term?
As an example, San Francisco currently has an estimate buy-to-rent ratio of 30, which means it would take 30 years of rent to pay for purchasing the same piece of real estate. This supposedly means ...
2
votes
0answers
145 views
Is there a 1031 Exchange equivalent in Ireland?
I've recently been looking into buying real estate investments, & I've read about a 1031 Exchange in USA.
Here is a definition I've found:
Thanks to IRC Section 1031, a properly structured ...
4
votes
1answer
226 views
For how long do you need to commit to staying in one city to make purchasing a piece of real estate worth it?
I am considering purchasing a piece of real estate in a major metropolitan area in the US, to avoid spending money on rent. However I'm not sure if I want to stay in this city forever and might move ...
10
votes
7answers
4k views
Should one save up to purchase a house/condo or maximize their 401(k) first?
On the one hand, it seems like 401k with employee matching is one of the best investments you could possibly make. On the other hand, paying rent to a landlord is an ongoing loss compared to living in ...
2
votes
1answer
301 views
“Homeownership investment” company - what's the angle?
Today I received a mailing from Unison, which claims to be a "homeownership investment" company. Their sales pitch is that they grant a 0%-interest loan to homeowners in exchange for a partial equity ...
