Questions tagged [real-estate]

A tag for questions on real estate or property.

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Itemizing property tax deduction on California state taxes?

I'm trying to understand if in California you are limited to the same $10k federal limit on property tax deduction. The only CA government info I can find is here Line 5e The federal deduction for ...
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1 vote
2 answers
67 views

Can first time home buyer loan apply for second house if not utilized on first?

Somewhat self-explanatory. If you (for whatever reason) fail to utilize a first time home buyer loan (typically with more-favorable-than-normal conditions) on your first home, can you utilize it on ...
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0 votes
1 answer
116 views

What type of accounting practice is this and is it good, bad or depends on other circumstances?

QUESTION - I'm looking for a name I can associate with this specific type of accounting practice and whether this would be considered good accounting, bad accounting, doesn't matter, depends, etc? ...
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-5 votes
1 answer
290 views

Why do homes lose 50% of their value every decade in Turkey?

Homes lose about 50% of their value every decade in this country. Why is that? Source: 2014 - present https://www.zingat.com/ankara-bolge-raporu 2005 - 2015 https://www.zingat.com/blog/istanbulda-10-...
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2 votes
1 answer
170 views

When are capital gains realized if I sell a house and do owner financing?

I am selling an investment property without doing a 1031 exchange and would like to minimize, or at least spread out the tax burden of the capital gains. Especially given that I expect to be in a ...
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1 vote
2 answers
249 views

Sibling wants to buyout inherited property with 4 total siblings. Should we remove sellers fees from value?

Four siblings have inherited a home/property. The appraised value is around $480k, but in the current market it would sell for much more. One sibling was already living in the house rent free and ...
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1 vote
1 answer
56 views

CAP rates, risk, and interest rates

I'm doing some basic reading about real estate, and I've come across two principles that articles tend to reiterate, but I don't understand why these principles are necessarily the case: "A ...
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0 votes
1 answer
55 views

As a limited partner in an LLC, can my role be considered active?

I want to stay as a passive investor in an LLC for short term rental of Real Estate Is there anything in the schedule k-1 that might make me an active member instead ? What kind of income is ok for ...
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  • 101
0 votes
0 answers
51 views

Can house expenses be part of downpayment if buyer pays them?

Don't know exact numbers, so I'll just make up some that seem plausible. Purchase price of house $200,000. Work house needs might cost $10,000 Person able to do that work wants to buy house. If "...
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2 votes
1 answer
186 views

Should we sell our current primary residence to payoff a rental we also own in favor of no mortgages? [closed]

Townhouse: About 10 years ago we bought a nice townhouse for about 300K. Single family: About 4 years ago we decided to buy a single family house for about 400K and we kept the townhouse and it is a ...
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6 votes
0 answers
41 views

How do I calculate Private Residence Relief for a house I've sold where there was a loss, not a gain?

This question is likely specific to UK rules. I've sold a flat which I lived in for part of the time I owned it. I'm trying to fill out the Inland Revenue's 'report my Capital Gains Tax' form. I've ...
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2 votes
2 answers
393 views

Capital gains exemption on home sale

I am under the understanding that the capital gains exemption on a primary residence applies to gains only and not the total sale price of the house however I am in the process of signing paperwork ...
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  • 191
0 votes
0 answers
28 views

1031 Exchange versus Accelerated Deprecation on New Property

On the surface a 1031 exchange seems like a no brainer if someone is selling property and buying a qualified property. However, it seems that if I use a 1031 exchange my accelerated depreciation on ...
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0 votes
3 answers
155 views

How to split equity fairly when contributions differ?

I understand there are a few similar questions here but for this I'm going purely by numbers for a fair equity split of residential property. I've rounded the numbers for ease. I'm interested in ...
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-1 votes
2 answers
126 views

What type of market is most advantageous to downsizing or upsizing a house?

I'm mainly curious about this from the context of primary residence, but it might make more sense to view it at least partially as a real estate investor. This question is really about when the price ...
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1 vote
1 answer
87 views

Cell Tower Rental Fees Transfer to New Home Community

I am about to move into a new home community that has a cell tower placed prior to the land being acquired for homebuilding. In its previous life, this piece of land was owned by a non-profit. ...
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20 votes
6 answers
6k views

Is there no way of getting the inspection report before placing a bid?

I am looking to buy my first home and I am confused as to how to avoid the lengthy process without knowing what is negotiable and what isn't when it comes to the inspection step. If there's an ...
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0 votes
2 answers
46 views

Can I invest in real estate through an LLC being on an H1B visa in the US?

I understand that I allowed to make passive income being on an visa and not be actively employed / working for another company. I am not trying to work for another company, but I just want to pool ...
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  • 101
-3 votes
2 answers
113 views

How should I split the profit on sales of a house?

Is there a formula to split profit after sale of a house, two people put in 15000 each and one parent put in 35000 to help offset mortgage.
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1 vote
1 answer
56 views

How do I obtain a cost basis for gifted real estate in Russia?

Approximately ten years ago, we received some long-held real estate in Moscow. Last year, we sold it. My understanding is that we owe capital gains tax based on the difference between the value at the ...
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2 votes
3 answers
205 views

Real Estate vs Stablecoin Yield

My liquid (stocks, crypto, cash) net worth is $350K and Illiquid (startup stock) is around $1M. I'm 29, have no debt and live in a tax-free country, and have no taxes on income or cap gains. I make ...
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  • 129
1 vote
2 answers
92 views

Is a property assessment created using a property compared with itself valid? Also, is it worth appealing?

I bought a house in 2020. It had been remodeled ("flipped"), and the value of the house is higher than other, older, homes in the area because of this. This area isn't a well-to-do suburb, ...
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  • 177
0 votes
1 answer
59 views

Should I file state tax return for a rental property in another state?

I lived full-time in Massachusetts in 2021. I have a rental property in another state (Michigan) and in 2021 I had rental income. This is reported on my federal tax return for 2021. Do I still need to ...
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  • 357
1 vote
1 answer
83 views

To buy or rent when interest rates and rents are rising? [duplicate]

I have heard that people use real estate as a hedge against inflation but what's the rational thing to do when, the stock market is dropping, housing is getting expensive (to buy and to rent) and ...
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0 votes
1 answer
50 views

Special Assessment as capital improvement while selling condo

I'm selling my primary residence (which I previously rented for two years) and I'm trying to avoid unnecessary recapture on the depreciation. The exact details of my situation are as follows (numbers ...
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8 votes
4 answers
4k views

What could prevent a bank from lending to me to buy commercial real estate?

If I want to take out loans to buy real estate with the intention of renting it to cover the interest on the loans, what are the red flags that might prevent a bank from extending a loan to me? ...
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1 vote
1 answer
67 views

What do you call leveraged real estate investors?

Is there a specific term or name for people who try to make a living by leveraging real estate? By that I mean those people who read get-rich-quick books and then borrow money to buy a property, rent ...
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  • 9,316
0 votes
1 answer
66 views

I've already filed my personal income taxes but didn't file my schedule E along with it

I have an out of state investment property that's under my name that I rent out to a tenant. I did my personal income taxes through Turbo Tax for free and during the process, it asked about any ...
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2 votes
1 answer
119 views

Would selling an above-ground pool from a house I bought (pool came with house) count as capital gains for taxes?

I bought a house last year, which included an (empty) above-ground pool. I didn't want the pool so I sold it to someone else. Does this sale likely count as capital gains for tax purposes? (And ...
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  • 1,262
0 votes
0 answers
29 views

How to calculate profit on real estate after x years?

If I want to calculate the "profit if sold" for a property after X years, what is this calculation based on? One thought is it is equal to the projected sale price (based on some assumption ...
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  • 101
0 votes
0 answers
81 views

Invest 100k in the Short Term Until It Could be Used to Buy an Investment Real Estate Property

I have a little more than 100k in my savings account. I have been keeping (and accumulating) that money in the savings account hoping to invest it in some kind of an asset (real estate etc.). However, ...
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  • 111
0 votes
3 answers
158 views

Is there a way to buy a house for the average price over some future period of time?

Suppose I thought the current housing market was inflated, and I expected prices to go down in the future. However, I still want to buy a house. So I'm thinking, does there exist a contract where The ...
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  • 11
3 votes
1 answer
111 views

How can I find the FMV of my property 10 years ago, the year my husband passed away?

How can I find out the FMV of my property 10 years ago, the year my husband passed away. Related to if the $500K tax exclusion is applicable still if I sell my house this year.
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2 votes
2 answers
149 views

Are there any pitfalls to owning real estate as a student?

As title says, as a student in my 20s, are there any pitfals when it comes to (co-)owning (with sibling(s) or parents) a house worth say 500'000€? Taxes? Less chances of getting student scholarships? ...
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0 votes
2 answers
236 views

Can I rent the house that I currently paying to own? [closed]

I'm just wondering if it is legal or are there law that prohibits it, since I plan to buy a house and rented it out to someone so that they are the ones who will pay the house for me and I'm the one ...
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2 votes
1 answer
143 views

Is it normal that buyer's mortgage company is requesting to be added as payee on master insurance policy?

In selling a condo which is a typical unit in a four unit building, the buyer's mortgage company is asking for them to be added as a payee on the condo association's master insurance policy. Is this a ...
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  • 111
0 votes
0 answers
59 views

How to account for capital improvements made on owned property done by owner

As a homeowner one can step up the basis of their home by using the cost of work done by contractors. But I'm not sure what the rules are around stepping up the basis for any DIY improvements. Can ...
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1 vote
3 answers
149 views

How exactly can I benefit from straight line depreciation on my property?

I have a rental property and have been reading heavily about straight line depreciation but I'm not quite grasping what it is and how I can benefit from my $4,092.92 deduction come tax season? After ...
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8 votes
1 answer
2k views

How do I calculate Capital gains on gifted property inherited by the donor?

My father inherited a property as part of an estate after my grandmother passed away. Then maybe a year later he gifted it to me. I've had it longer than a year. How do I calculate the capital gains ...
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  • 111
0 votes
0 answers
25 views

In Real Estate Wholesaling, is the assignment fee included in the asking price?

I am trying to learn my way around different real estate investment strategies. I recently joined some local Facebook pages that have the occasional wholesaler with a contract for sale. If they ask $...
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0 votes
0 answers
179 views

I just bought a home and I want my new address to not be searchable by using my name. How can I keep my new address from being found

I understand that all real estate transactions are public knowledge. As far as displaying the value of my new home, how much it was purchased for, or if we took out a load or bought it in cash, I can ...
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4 votes
1 answer
411 views

What does "22/30" mean when talking taxes and selling an apartment?

I really tried to think through this and search before asking. I hate having to ask questions. On this webpage, on the Swedish IRS' website. It says: Om du säljer en privatbostadsrätt med vinst ska ...
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0 votes
1 answer
71 views

Understanding a passage from the guidance on higher rates on SDLT

I would like to fully understand the following passage from https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property : You must pay the higher Stamp Duty Land Tax (...
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  • 337
0 votes
1 answer
44 views

Stamp duty surcharge for a person with a property overseas

Suppose there is a person that lives in the UK for 4 years in a rented property. Moreover, they own half a flat overseas jointly with their parent (that costs less than £10.000). If I understand ...
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  • 337
2 votes
2 answers
109 views

Closing on a property: working out the numbers in advance

I'm preparing to close on a house next week, and I'm trying to work out in advance the exact numbers, mostly so I am prepared in advance but also so I know how much I will be wiring from my bank ...
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0 votes
1 answer
85 views

Stamp duty for a couple with one person owning less than £40000 of property overseas

Suppose a couple is buying a house in the UK. One partner is a first time buyer, another owns a share of property overseas with value less than £40,000 (and nothing else). Suppose they are buying a ...
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  • 337
4 votes
3 answers
2k views

Offer subject to survey or survey before an offer?

I saw a flat (in London), made an offer and received a counter-offer. I wonder what should be my next step and I get two types of advice. As far as I understand, the most standard practice is to ...
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  • 337
23 votes
5 answers
8k views

Why would a seller require a cash offer on a property?

My partner and I are looking at a house in an area that would be interesting to us. It's a fixer-upper that would require quite a bit of work on the inside. She's previously owned a house and ...
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1 vote
2 answers
207 views

The "meaning" of reduction of the asking price for a flat and its consequences

I found a flat (say in London) that was advertised a month ago and whose asking price was reduced by 5% yesterday from 500K to 475K. Suppose I make an offer of 450K, i.e. I reduce the price by further ...
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  • 337
34 votes
5 answers
9k views

How to avoid being scammed while purchasing unimproved land online?

I am currently in the process of purchasing a piece of land I found for sale online, by what looks like a small business that buys and sells land. I have had a friend in the area check out the ...
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