Questions tagged [real-estate]
A tag for questions on real estate or property.
783 questions
0
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0answers
27 views
Selling a home co-owned by someone with a severe mental disorder
The question title may be a bit misleading - it's hard to word my issue. Apologies in advance.
Background
I am 27 and my sister is 23. We stand to inherit a 1500 sq. foot home should anything happen ...
1
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1answer
95 views
+50
Things to watch if buying properties in Europe at low prices under local government incentives
I have been seeing social media advertisements inviting investments in the way of buying houses in derelict or small and not-so-well-to-do towns. These advertise the price to buy as under $100 or 100 ...
7
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2answers
258 views
Is the seller of a property in the UK in a position to dictate what the buyer does with it?
I know very little about the housing market or mortgages (it's just not taught in school in the UK, whereas oxbow lakes and pathetic fallacy are), but within a year I should be able to get my foot on ...
4
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0answers
113 views
Paying for nursing home care: What is the relationship between Medicare and owned property?
This question is prompted by a comment in a question I asked previously regarding the finances of aging parents (assets include a small savings and some property). I will summarize the comment as ...
1
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0answers
87 views
Prepay mortgage
Let's say I want to prepay my entire mortgage and I have 22 years left in my 25 years mortgage.
In this case the bank imposes a penalty which is the yearly interest for three months. My question is, ...
2
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1answer
143 views
Old Barn House: Hidden Costs?
Thank you in advance, I never thought about money twice before visiting this site!
Background Info:
Germany. I am in my mid 20s. My long term boyfriend and I make around 100k a year together. He ...
3
votes
3answers
239 views
What (and how hard) can I REALLY bargain when buying a new home through a builder?
I am about to buy a brand new home in the state of Texas. It should be ready in about 12 months. The home is being bought through a builder and therefore I have a few floor plan options (I can add or ...
0
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0answers
34 views
How does time impact the resale value of a fixed-term deed?
I own a property that I purchased from the previous owner. It is a 75-year deed with 35 years remaining. After 35 years, ownership reverts to the original landowner.
I don't plan to sell for another ...
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0answers
17 views
California depreciation options for Rental house landscape
I can use Bonus depreciation (100% for 2018) on my federal taxes for my rental house landscape project, or depreciate it over 15 years. What are my options for California taxes, since they don't do ...
1
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2answers
83 views
Land purchase: documentation and must knows
I am thinking about buying a lake front lot of land near my home town in Texas. The area is incorporated, but there are very few built houses around it. I am thinking about buying it as an investment, ...
55
votes
10answers
14k views
Is it true that real estate prices mainly go up?
My father once told me that real estate was a good business because the population is always going up, therefore more housing is needed, and the space on earth remains the same, so house/apartment ...
3
votes
2answers
151 views
Why is it mandatory to depreciate a rental property?
I don't understand why an investor is forced to depreciate a rental property. In many cases (say for an investor with one rental unit only) the depreciation amount is less than the standard deduction ...
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3answers
150 views
How to find reliable trusted profitable passive income residing in Eastern Europe?
I would like to stop working and receive some passive income from anything that can generate income.
I live and reside in Eastern Europe (Ukraine).
I don't trust Ukrainian banks since they are not ...
2
votes
3answers
156 views
Currently no mortgage on house. How much of a home equity loan can i get -
I purchased home 2015 for 146,500 and have no mortgage currently on property.
Are there equity or cash out loans available? I was told that having property paid in full hurts my chances to find ...
1
vote
1answer
74 views
Is a “Warranty Deed” the same as a “Bill of Sale”?
Context: I sold a rental property last year, and foolishly neglected to cancel the homeowner's insurance policy on it. (I thought the title company would handle this as part of the closing, at the ...
6
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2answers
128 views
Leasehold Pub— What happens at the end of the lease term?
Was hoping someone might explain how leaseholds come to an end, I’ve been googling for ages but seem no closer to finding an answer. Example: Leasehold 50,000 Annual rent 20,000 Free of tie lease 10 ...
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0answers
11 views
How is capital gain calculated in India for a house when it is constructed on a piece of land bought few years earlier?
I had bought a piece of land in 2003 and constructed the house in 2005. I am planning to sell now; how is capital gains calculate for this?
2
votes
1answer
127 views
What are the risks with investing in private real estate funds via Fundrise?
I recently discovered this real estate investment company, Fundrise, and after doing some research, I’m interested in investing with them. But I’m on the fence about the trustworthiness of their ...
0
votes
0answers
12 views
Property purchase Abroad. Tax deductions
I live in US. I purchased a couple properties a few years ago abroad. I did not take mortgage. I paid it from my savings account abroad. I heard we can claim tax deductions even for the past purchases ...
1
vote
2answers
147 views
Why do banks give loans instead of buying assets themselves?
There was asked a similar question
why don't banks invest money in mutual funds or shares instead of giving personal loans
It was about buying fonds and shares. Those are derivatives.
Here is an ...
0
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0answers
29 views
Which is the best way to sell a house in Italy to a foreign investor?
I bought an apartment in Venice (Italy) in 2013 with my ex GF. The plan was to renovate it and move there. She broke up with me after some months so we have never had the chance to live there.
The ...
1
vote
1answer
60 views
Federal and State Taxes on International Property as a Prize
https://www.writealetterwinahome.ca/
Recently, there has been a contest issued by Alla Wagner of Millarville, Alberta, Canada, where in lieu of selling her home (a difficult prospect at the present ...
0
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3answers
293 views
Is it a good time to buy a house now? [closed]
I saw a few houses, and decided to buy one of them. A condo originally priced 210,000, and they accepted my 193,000 offer. I'm a first time buyer, with zero experience and my agent helps me with ...
3
votes
4answers
554 views
Real Estate: Why does the maximum compound gain happen somewhere in the middle of the mortgage term?
I construct a spreadsheet to investigate when is the best time to pay off a house loan.
In my model, there are two factors at work:
The real estate appreciation rate, in this case I set it to 5%
The ...
5
votes
2answers
223 views
REIT versus real estate: total yearly returns (when accounting for leverage)
Recently, I saw an article arguing that REITs performed better than traditional real estate (RE) in terms of total returns:
Jussi Askola, Don't buy real estate, buy REITs instead, Seeking Alpha, ...
61
votes
8answers
19k views
Should I deplete my saving and buy a house with cash, or should I rent?
My wife and I are very frugal. We've been living abroad for several years and saved a decent amount of our salaries. We've decided to move back to the US this year.
We've found a modest home that ...
0
votes
2answers
44 views
When I shop for a direct lender, will the credit checks that they may do be bad for my credit rating? [duplicate]
Is it bad for my credit rating each time a possible lender does a credit check on me?
I need to shop for a direct lender in order to get the best rate for a first mortgage on a property I want to buy,...
13
votes
4answers
3k views
What are the practical implications of buying a house in a high Earthquake risk area?
I am purchasing a house in Indio California, that is described as being in an high risk Earthquake area. That sounds scary but the actual stats for the area are less so:
Nearest Earthquake: 2.9 ...
2
votes
0answers
72 views
Tax on apartment purchased abroad
I live in the US and purchased an apartment abroad. I transferred 200,000 dollars directly to the seller, so I never opened a bank account abroad.
My understanding is that, if no income is generated (...
2
votes
2answers
134 views
When buying a house in California, what inspections should you do?
I am in the process of buying a house in Indio, California
In the event my offer is accepted, what type of inspections do I need to do. I am actually living in the UK (the property will be a short ...
0
votes
2answers
123 views
Buying strategies for foreclosure condos
I saw a foreclosure condo which seems upgraded by the bank. I really liked the place, but the price can be cheaper.
Can we negotiate with the bank on such foreclosure houses? What are some ...
0
votes
1answer
80 views
Minimum rental yield for real estate
There are some German books:
(Praxishandbuch Baufinanzierung
Praxisleitfaden Immobilienanschaffung und Immobilienfinanzierung)
about home financing, which mention that you shouldn't buy a property ...
2
votes
2answers
342 views
Strategies on buying a house for a first-timer
I'm 29, and I live in Chicago NW suburbs. I pay a lot for rent, so I am planning to buy my first house.
I have no prior experience on this. What are some tips and strategies to buy a home? More ...
4
votes
4answers
238 views
How to handle house inheritance planning if one child moves in and adds in-law apartment?
My dad passed away unexpectedly and has left my mom alone in their house. I have two siblings and we all have a great relationship which I want to make sure stays that way.
My parent's house is too ...
1
vote
1answer
80 views
Will it adversely affect my credit score if I put off on buying a home?
Recently, my wife and I have been looking into buying a home - I have very good credit, only a small number of outstanding debts ($7,000 car loan, $1300/mo rent, and credit cards I pay off every month)...
44
votes
11answers
15k views
What can I do with a property that won't sell following divorce?
My wife and I bought a property just over 2 years ago for €114,000.
We put down a 10% deposit (€11,400) and so took out a mortgage of €102,600.
We took the mortgage on a short term (15 years) to ...
14
votes
5answers
4k views
When buying a house in California, can you amend the contract after signing it?
I live in the UK, but am trying to purchase a property in Indio California. My realtor says that I need to submit a contract for the property with my offer price ASAP as there is another buyer ...
4
votes
4answers
1k views
Financing mother-in-law suite to rent out
Context:
My wife & I just bought a home for $175,000 with 10% down. We pay $1,020 per month on our mortgage, which includes property taxes and insurance. The home has a very large, finished ...
1
vote
2answers
125 views
Buying ex-local authority/council properties in the UK
What are the risks of investing in ex-local authority/council properties in the UK?
I am referring to purchasing from a private landlord an apartment that was built by a city council for social ...
1
vote
1answer
87 views
Is my house handled differently from other property in my will?
My personal will states that my possessions, money, and property are to be given equally to my son and my wife upon my death.
However, I was told that my house is an exception and still has to go to ...
1
vote
2answers
124 views
Will my efforts to lower my property taxes also impact the value of my house when I choose to sell it?
I'm working on gathering info and scheduling a walk with my tax assessor to try and decrease my property's appraised value for a tax break. However, it occurred to me that the tax assessor's valuation ...
52
votes
13answers
16k views
Invest $50,000 in cash or borrow $100,000 and get a mortgage?
I have $50,000 saved and I'm paying $760 on rent right now. All my relatives are telling me to get a mortgage so I don't "throw money away on rent", but I just don't like the idea of getting in debt ...
2
votes
1answer
168 views
What are the tax implications of renting out my condo if it's worth less than the mortgage?
I own a condo, and its market value is less than what I owe on the mortgage. On the upside, several interesting developments are going in nearby in the next couple of years.
Because of some lifestyle ...
0
votes
3answers
221 views
Is it reasonable to charge extra for additional tenants in a single room?
I’m considering subleasing rooms within a single family home. I expect that one of my potential tenants will have their significant other boarding with them. It was originally expected that only one ...
2
votes
2answers
196 views
how to divide ownership of a house with family member who stopped contributing 8 years ago?
My brother and I bought a house together back in 2006 for $270k. We both contributed 50% to the mortgage between 2006 and 2011.
My brother moved out in 2011 and stopped contributing to the mortgage, ...
6
votes
4answers
285 views
Products for withdrawing from a home's equity?
I am a current homeowner with a property that has no mortgage (everything has been paid off). A family member is in need of some cash to consolidate some credit card debt and I would like to help them ...
2
votes
1answer
137 views
What happens if I don't pay utility bill even after repeated customer service interaction to stop the service?
It's a slightly long story. I live in an apartment building in MN (US). There was a mistake when I moved in and eventually the gas utility for the building remained in my name. Usually it is supposed ...
2
votes
0answers
62 views
Would there be tax due on an inheritance received from a U.S. citizen that lived in the U.K.?
My mother passed away in August. She was a US citizen living in UK for 40+ years. Do my brother and I have to pay tax to bring the cash into the US? No tax had to be paid in UK. Not a big ...
15
votes
5answers
5k views
What does “Home Equity” do for me?
My wife and I are considering buying a home soon - some of the major reasons are personal, such as being able to perform repairs and updates to the property, and having the security and peace of mind ...
33
votes
7answers
12k views
Selling a property - multiple offers of same value?
In the U.S., when selling a residential property, is there a rule or law regarding how to handle multiple offers of the exact same monetary amount? Is this the kind of thing that would vary state-by-...
