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Questions tagged [real-estate]

A tag for questions on real estate or property.

0
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1answer
51 views

Is my approach to evaluating real estate investment vs. ETF investment correct?

Someone asked me how well a property investment performs relative to ETFs over the course of 10+ years. My financial literacy is extremely low, and I just became aware of the concept of ETF last week....
1
vote
2answers
83 views

Minimizing tax liability from real estate sale

I bought an investment property in the United States for $20k in 2005, got a $100k refi loan on it in 2007 and sold the property for $100k in 2018. When I sold the property in 2018, I owed about $80k ...
5
votes
1answer
341 views

Was I a victim of illegal bait and switch mortgage fraud?

My wife and I recently purchased a home and I think we were victims of bait and switch mortgage fraud and I wanted to find out of what happened to us was illegal, or just very strange. We were first ...
2
votes
1answer
71 views

Looking to calculate expected profit from sale of house

I'm trying to calculate the money I will see as profit from the sale of my house. I'm tallying the various expenses associated with selling and would like input on any costs I'm missing. I'm in ...
5
votes
1answer
295 views

How to establish--many years later--the fair market value of real estate on the day someone died?

The home passed to an heir in 2012. The heir did not have the home appraised at that time. The heir died in 2017 and the home was sold in 2018. How do you establish the FMV in 2012? Notes If the ...
0
votes
1answer
77 views

Is it a good idea to invest in buy-to-let if rent does not cover mortgage payment?

Background: To benefit from current favourable interest rates in my region (France: ca. 1.5%pa fixed over 20 years), I am considering investing in a buy-to-let property. I consider that interest ...
0
votes
3answers
232 views

Running the numbers on buying a house for 3 years instead of renting

My SO and I moved out to a new city while she's in med school. We're currently in an apartment paying ~$1,300/mo (after utilities, etc...). However, the other day I realized 2-3 bed houses here cost ...
1
vote
1answer
53 views

Can I purchase and sell a property through my c-corp if I have a personal tax lien with my state?

I would like to execute a simple contract assignment (double closing) on a real estate deal. The initial title work came back an there is a lien against me personally for taxes owed to my state. I ...
2
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0answers
36 views

Canadian citizen step parent signing over US owned property to us citizen adult children

My mother who is a US Citizen recently passed, and my step father who is a Canadian citizen with permanent US resident who is living in Canada now with no plans of returning to the US. He doesn't want ...
0
votes
3answers
86 views

What are fair methods to buy out an equal share holder in a mortgaged property?

TLDR: What are fair methods to buy out an equal share holder in a mortgaged property? Curent situation: My partner and I, and her parents have entered in to a mortgage on a piece of land. It is ...
2
votes
2answers
63 views

Optimizing property insurance payments for tax purposes

I own a residential rental property in the United States. I recently received the bill to pay the property insurance on it. The bill can be paid in full this month, or I can pay it in monthly ...
0
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0answers
43 views

Can a vendor take back mortgage be refinanced with a mortgage from a bank?

I currently have a vendor take back mortgage. I'm wondering if I can refinance with a bank. Also, does it require cooperation from the seller?
2
votes
1answer
45 views

How to estimate the profitability and risk of investing in rental properties?

There was a recent question, Is it a good idea, to buy a flat with a loan, whilst using the rent to pay it off?, which was closed due to asking opinion-based advice. However, the question can be ...
12
votes
7answers
5k views

Is it possible to offset a mortgage with only the appreciation of that property's value?

As in, is there a possible scenario where the appreciation of the value of a property could be greater than the mortgage payments on that property?
56
votes
10answers
25k views

When is it better to move - before or after a housing bubble bursts?

My husband and I currently own our home and are looking at upgrading to a bigger house in the next year or two. The housing market right now in our area (US East Coast city) is doing really well, and ...
37
votes
9answers
11k views

'For Sale by Owner' - who pays the Buyer's realtor?

If I list my home and hang a sign out 'for sale by owner', and a realtor brings a buyer in, who wants to buy it, who's going to pay the realtor? I did not hire him, so I don't want to pay for him. ...
1
vote
0answers
52 views

Qualifying as a realtor to save on commission [duplicate]

My wife and I are thinking about selling our home and are very upset about the prospect of losing 6%+ of our home value on commission. We live in Texas. We both have careers that are unrelated to ...
31
votes
9answers
9k views

Is it a good idea, to buy a flat with a loan, whilst using the rent to pay it off? [closed]

I have been thinking about taking a loan to buy a flat which I would rent out. My reasoning is that the loan would be paid off over time by the renters. After perhaps 30 years, I'd be left with a ...
1
vote
0answers
23 views

NYC estate tax for foreigners [duplicate]

We are a married male couple (with kids) and we bought an apartment in NYC for investment (the apartment is not ready yet). Note that we do not have US citizenship and we don't live in the US. We were ...
-2
votes
1answer
108 views

Should I become a landlord (effort required for positive cash flow) or keep the money in ETFs until I settle down? [closed]

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
29 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
105 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
3answers
129 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
261 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
630 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
224 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
95 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
62 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
96 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
161 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
128 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
50 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
237 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
79 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
174 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 ...
-1
votes
1answer
106 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
118 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 ...
2
votes
1answer
104 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
157 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
82 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
118 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
268 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
20 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 ...