Questions tagged [real-estate]

A tag for questions on real estate or property.

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0
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0answers
23 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
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1answer
89 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.
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3answers
205 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 ...
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2answers
48 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 ...
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0answers
25 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 ...
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3answers
190 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 ...
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4answers
250 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 ...
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1answer
50 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?
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1answer
71 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 ...
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1answer
108 views

How to manage the money I got from “lump-sum housing lease”?

In South Korea, there is a concept called "jeon-se", which can be roughly translated into "lump-sum housing lease" or "long-term rental deposit". It goes like this: An ...
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0answers
41 views

Passing a property from parent to (adult) child in Australia (NSW)

My father is retiring and would like to pass on the family home to my sister and me. We are both adults now and do not live in the home. I should also so mention, we are based in Sydney, Australia. ...
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7answers
10k views

Why do some small-time real-estate owners struggle while others thrive?

This is something about this field I'm trying to understand. Whenever I talk to a regular person who managed to save up and buy an apartment building or a duplex or something like that for rental ...
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3answers
2k views

Minimizing taxes on sale of second home

I purchased my original home many years ago when I was single. It is a very small condo unit and was much cheaper than I could get a "regular" house for at the time. Later I got married ...
2
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1answer
63 views

Sale of land parcel separate from house

We just sold our house and vacant land, which we split into two parcels for sale to separate buyers. The land sale closed at the very end of 2020, while the house sale closed a couple weeks later in ...
2
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0answers
43 views

How are property values affected by property taxes and HOA fees?

How do fixed costs impact the value of an asset? Specifically, how do I compare condo prices with wildly different HOA fees and property tax rates (e.g. NJ vs NY)? Should I augment the price with the ...
31
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6answers
8k views

Why do real estate agents always ask me whether I am buying property to live-in or as an investment?

Trying to buy a house. Along with -- what is the maximum you are willing to pay -- this is the most frequent question. Why do they care whether I will live in it or rent it out? The two are not ...
2
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3answers
181 views

Should I transfer funds for the cash-purchase of a 1-bed Flat before the contracts are exchanged?

My solicitor is recommending to speed things along by transferring the funds for a flat I am buying (leasehold, cash-buyer) to the account of the law firm. We are waiting on final costs from the ...
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3answers
1k views

How much share should I get in our property

In 2012, my brother, my mom, my dad, and I bought $349,000 property with 10% down to it. I paid the most towards the down payment, $10,000. Our mortgage is around $1,600/month and property tax of $2,...
2
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0answers
96 views

Tax implications when paying all-cash for real estate that is under your unmarried partner's name?

When buying real estate, title company usually asks how title should be formed. So had few questions when buying property together (or for) partner with whom you are not married, but have been living ...
15
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4answers
4k views

Building a source of passive income: How can I start? [closed]

For the past couple of months I have been researching, specifically on how to generate or build up a second source of passive income, I am obsessed with the fact of making another source of income at ...
0
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0answers
26 views

irrevocable trust - property taxes

I am the trustee of an irrevocable trust, in this trust are two single resident homes with no mortgage. Recently, one home was taken out of this irrevocable trust to get a loan/mortgage. With this ...
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3answers
166 views

Buying an apartment in cash and remortgaging later (asking price very low due to construction works)

We are currently renting an apartment in London. Our landlord wants to sell the apartment. According to the real estate agent due to some heavy construction works on the external part of the building, ...
2
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1answer
78 views

Does A Good Listing Agent Really Make A Difference?

Considering the agent is providing the same service to all of his/her clients. What other factors do you need to consider in looking for the best listing agent?
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2answers
56 views

What are the necessary and sufficient steps required in order for parents to transfer home to children while minimizing tax burden?

I'm trying to get some guidance on what steps are necessary and sufficient in order for me and my wife in order to obtain legal ownership of a property which is currently owned by a parent. We are ...
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2answers
50 views

What factors go into UBS’s Global Real Estate Bubble Index (GREBI)?

UBS publishes an annual Global Real Estate Bubble Index, which categorizes real estate prices in various cities as either “undervalued”, “fair valued”, “overvalued” or “bubble risk”. I am currently ...
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1answer
49 views

IRS allowable depreciation on residential property that shows no income

I bought a second small (650 s.f.) house about 5 yrs ago initially with the intention of downsizing into it. I changed my mind and I have allowed a good friend who has many problems to live there. I ...
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3answers
3k views

When is it 'ok' to borrow from a 401k to purchase a house?

What market conditions would tip the scales for you to make borrowing from your own 401k a 'good' idea? The self-loan would help to increase the down payment and reduce PMI. Financially there is a lot ...
0
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1answer
131 views

Do I have to install septic/sewer on Raw land I do not plan to build on?

I am looking to purchase a raw piece of land near a major interstate. I plan on buying this raw land and hold it and sell later in the future maybe 10-20 years from now. I don't plan on building a ...
0
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1answer
230 views

How to save money while protecting it from inflation for a home?

Last time I heard from my friend that M1 money supply year increase in my country is about 35% and economy is frozen (I don't known is it true, but let assume that it is true in some country X). If I ...
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0answers
41 views

Is buying a real-estate property by limited company subject to corporation tax?

A limited company in UK makes a pre-tax profit of X in current financial year. If the company buy a property (a house) before the end of this financial year costing Y, can the cost of the house be ...
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2answers
61 views

Is it possible to create a LLC for property investment and obtain an FHA loan?

I'm interested in forming a company to invest in property for tax reasons. I currently don't have a mortgage and never have, is it possible to obtain an FHA loan for a piece of property and have the ...
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2answers
380 views

How do locals in Germany finance their lifestyle seemingly above their salary levels? [closed]

I am foreigner in Germany, and I have noticed that my neighbours seemed to have no problems financing very expensive lifestyle, which I doubt can be afforded by salary alone. My question is: Is there ...
4
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0answers
51 views

Does a Lawful Permanent Resident have to pay a tax when buying real estate?

The Alleged Tax Two years ago, my wife (US Citizen) and I (Permanent Resident) bought and moved into a house in Colorado (Greeley, Weld County). At closing, we were just about to put both our names on ...
4
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1answer
131 views

Can a property that owes taxes be donated to a church?

I pastor a church (we are a street mission) that is seeking a stable location to both be a rectory and a place to worship. There was an offer by a parishioner to donate his home. He is a minister ...
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2answers
279 views

Ways to make money off land without selling, leasing, developing, or farming?

What are some ways a company might make money off of land, other than selling or leasing it to tenants? I'm trying to solve a bit of a weird business puzzle. Part of it involves a person who says he ...
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3answers
153 views

Can I raise money in an IPO of my house?

I am thinking of getting some cash by selling shares of my house. Can I sell shares of my house in an IPO to raise some cash for myself? It would be super cool to ring the opening bell during the IPO ...
4
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1answer
519 views

What can I do with my finances while waiting to close with a mortgage?

I'm in the process of buying my first home and I've gotten lots of advice that has been unclear and hard to work with. One of the clearer pieces of advice I've gotten is to not make big financial ...
1
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1answer
73 views

Should mortgage be amortized or not (real estate investing)?

When investing in real estate with the intention of renting them out, do they amortize the mortgage or do they just pay the interest rates? What I mean is, say you plan to buy a house, rent it out for ...
1
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3answers
218 views

how to correct incorrect fractional ownership in deed

My brother and I bought a rental property. I put in 75% of the money, and he put in 25%. For twenty years, we filed income taxes reflecting that 75%-25% ownership. But the deed just says "My Name ...
3
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1answer
110 views

rental property expense deduction for prior years taxes

I co-own some rental property. My co-owner collected rent, paid expenses, and eventually (he was very busy) filled out IRS tax forms and told me what I would have received as income. He recently died, ...
0
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1answer
66 views

Can you avoid fees while self representing

I am a self representing buyer, the property I am interested in purchasing located in Indiana USA, is under list contract. The seller has an agent for the property. As I self represent myself and ...
1
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1answer
145 views

What prevents me from calling an investment property an intended primary residence to take advantage of lower down payment requirements?

I know that most banks will require 20%/25% down on a conventional loan for an investment property. The requirement is much lower - 5% - for a home I intend to use as my primary residence. If ...
1
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1answer
63 views

Where can I find the full list of steps required to sell a house without an agent in a given US state?

In a recent question Why is it uncommon to sell houses without an agent in the US? I received the following reply: There are several complex details and activity sequences that you need to know about,...
4
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1answer
96 views

What protection is offered to payment of 1 week holding deposit

I am based out of London, Great Britain. We came to the UK last month and are a bit in-experienced with the UK market. Me and my wife are currently viewing properties around the London area and came a ...
5
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2answers
466 views

Objectively, would it be better to sell my condo, or rent it out?

I bought a condo in 2016 for 160K, and this has been my primary residence since then. The loan was 152K, at 4.125% APR. I currently owe about 139K. My mortgage is 898 (includes taxes and insurance in ...
2
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1answer
44 views

Can I include GST, parking costs and Society Charge in Indian mortgage?

I am looking to buy 2bhk in Mumbai, and have somewhat finalized one property. Now my concern is my salary is good so I can pay more EMI but don't have enough cash in hand to pay. When I checked with ...
2
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1answer
166 views

What is my responsibility as a landlord to providing internet, power, gas, and curtains?

I am a first time landlord in Philadelphia, PA with tenants moving in in two weeks. As the title suggests, I am not sure how to handle transfers of utilities to tenants. To be clear, I am not asking ...
1
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0answers
79 views

How can I invest in mineral rights?

The USA is one of the few countries in the world with privately-owned mineral rights. Are there methods I can use to gain investment exposure to mineral rights? I know that I could buy land that have ...
1
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2answers
183 views

Risks when buying property with illegal granny unit?

Property I am looking at has 1000 square feet illegal granny unit. Main house has 4000 square feet. If I would buy property as-is and later attempt to legalize the granny unit as living space, then ...
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0answers
39 views

Property, income and capital gain taxes for buyer when home bought under “option to buy” contract?

Seller messed up advertising on house and needs few more months to bring few things up to code before he can sell. Hence as alternative solution seller is offering to rent out home to prospective ...

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