Questions tagged [real-estate]

A tag for questions on real estate or property.

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1answer
65 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
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0answers
47 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 ...
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2answers
94 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
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1answer
48 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 ...
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1answer
74 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 ...
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1answer
46 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
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1answer
29 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 ...
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5answers
310 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
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1answer
50 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
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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
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6answers
137 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 ...
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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
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1answer
73 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
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1answer
49 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 ...
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3answers
148 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
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2answers
311 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. ...
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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
92 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
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3answers
206 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
51 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
193 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
252 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
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1answer
51 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 ...
1
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1answer
201 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 ...
2
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0answers
42 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. ...
36
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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 ...
8
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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
65 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
45 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
184 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 ...
6
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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
99 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
168 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
155 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
76 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 ...
0
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2answers
68 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 ...
0
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1answer
77 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 ...
7
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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
240 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 ...
0
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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 ...
0
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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 ...
1
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2answers
391 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
132 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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