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Questions tagged [real-estate]

A tag for questions on real estate or property.

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Calculating profitability of short term appartment investment (mortgaged) to avoid renting

Having some issues trying to calculate the profitability of a given rental real estate investment. Currently, I am using the following: Property sell price - tax payable - sales fees - interest ...
zeekay's user avatar
  • 1
6 votes
3 answers
3k views

How can a landlord receive rent in cash using Western Union?

I have a crazy renter for a property that I inherited. And this renter can only pay cash to me, and doesn't have a bank account, or smartphone, and is a little bit on the dumb side. I was thinking of ...
Bimo's user avatar
  • 169
1 vote
0 answers
37 views

How to calculate total profit when doing assignment sale in ontario?

I am learning about assignment sales, and I wanted to fully work out what are all the calculations and fees/taxes when calculating the final net profit I would keep if I do an assignment sale, and was ...
omega's user avatar
  • 123
1 vote
2 answers
159 views

Legal/Ethical Dilemma (Splitting an Investment Property)

just looking for some advice in regards to a legal/ethical scenario. So the scenario is that my brother and I are planning on getting into an property investment adventure (duplex build). However, we ...
Gabriel Cleur's user avatar
0 votes
1 answer
256 views

Can I gift back to my parents my 50% ownership of their primary residence house just before they sell it?

Over 20 years ago my parents gifted me 50% ownership of their home. There was no exchange of money. They now want to sell the house and downsize. We live in California, they've owned the house for 35 ...
JD0314's user avatar
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8 votes
5 answers
4k views

How do you determine the price at which it's better to sell this asset instead of renting it out?

Let's say you own a parking space. You have two options: You can rent out the parking space for $1,000/month. It seems fair to assume that the rent will keep pace with inflation, which we'll call 2% ...
Vanilla551's user avatar
0 votes
1 answer
63 views

Commercial insurance coverage for rental property

I have recently discovered that my insurance company has been charging me for insurance as if my rental property is commercial property, which increases the premium significantly every year. Other ...
Carolyn Tilghman's user avatar
12 votes
6 answers
7k views

What happens when you don't pay your property taxes?

Do they just straight up foreclose on your house? Or does it just get tacked onto your outstanding IRS balance as just another form of debt? Could anyone provide some insight on how the escalation ...
AlanSTACK's user avatar
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1 vote
2 answers
76 views

Investment property turned LLC

I recently turned my investment property into an LLC for liabiliy purposes. Now I want to sell it and my question is if I can deduct all my expenses from the sale like improving the vacant Lot into an ...
Javier Murillo's user avatar
11 votes
3 answers
5k views

"No obligation cash offer on your house" What is the risk

There is no shortage of companies and advertisements promoting "no obligation cash offers." This seems too good to be true. What are the risks in inquiring about these offers and how can ...
psaxton's user avatar
  • 217
0 votes
3 answers
100 views

Differences in Auction/Foreclosures/Foreclosure Auctions

In the residential housing market, my understanding is that there are three types of property distress: Auction Foreclosures Foreclosure Auctions How are they exactly different? My understanding is ...
Frank Swanton's user avatar
5 votes
4 answers
3k views

Parents' house repairs and siblings future inheritance

My sister and I will in the future each inherit a 50% share of our parents' house. The house needs immediate significant repairs, amounting to tens of thousands of pounds. I am prepared to pay the ...
i-am-penguin's user avatar
0 votes
2 answers
831 views

Is it better, financially, to invest in a property or in ETFs?

I need a bit of a help deciding if it's better to invest in a property or ETFs. I have currently saved up a decent sum of money and I'm looking to invest it wisely. I'm 27, if that matters. Option 1: ...
LocustHorde's user avatar
0 votes
0 answers
102 views

Seller kept part of my earnest money for no reason

We placed a contract on a property. We paid earnest money. We paid for an option period to protect our earnest money. The seller accused the inspector of breaking something on the pool equipment. ...
Keith M's user avatar
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0 answers
71 views

Like exchange property

I’m selling my condo and buying my parents house in irrevocable trust. Parents house appraised at 765,000. I’m going through 1031 exchange. I’m getting loan for amount at 765,000 minus proceeds from ...
Giselle Nguyen Kessler's user avatar
0 votes
0 answers
96 views

Using an LLC to buy property in Spain

I am considering entering into an agreement with another couple (friends of mine) to purchase a piece of property in Spain. The apartment would be primarily for our own use. However, we could both ...
fanoPaul's user avatar
-3 votes
2 answers
78 views

How to fairly divide commercial real estate earnings amongst multiple property owners?

I'm exaggerating to make things obvious: Say you have 2 adjacent commercial properties. One is a decrepit tear down (FMV 100K) The other is a vibrant professional retail space, as good as it gets (FMV ...
Twoblade's user avatar
2 votes
0 answers
87 views

Is it a "bare trust" if a title holder owns only a fraction of a property?

There's a lot of press right now about new rules for reporting of bare trusts in Canada. CRA info: https://www.canada.ca/en/revenue-agency/services/tax/trust-administrators/t3-return/new-trust-...
Kate Gregory's user avatar
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1 vote
3 answers
2k views

Why would I ever buy a house vs. just renting and invest the rest?

I found myself in a weird realization right now where I put everything into an Excel sheet, I can’t find a good reason to ever purchase a house vs investing into an index fund. Ever since I graduated ...
PrinceHairy's user avatar
2 votes
0 answers
74 views

Tax and selling a property in the U.K. before moving to Canada

I would appreciate some advise on this: If you sell a property in the UK to move to Canada, and then transfer the money from the sold property to Canada, will you have to pay tax in Canada on the ...
ichi's user avatar
  • 21
1 vote
2 answers
215 views

Is it bad idea to buy Condo because of low HOA fee

Is it a bad idea to pick a condo to purchase because the HOA monthly fee is low? Since they can raise it at any time I don't know if this is a criterion that should be considered as a major factor. ...
Lightsout's user avatar
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0 votes
4 answers
661 views

is it risky to rely on tenants to pay for mortage?

Say I buy a duplex for $800k which has a monthly mortgage of around $4500. My take home say is only $4500 a month. I know I can rent out one side of the duplex for $2500 a month so I would be able ...
Bigbob23's user avatar
  • 101
3 votes
2 answers
2k views

Are condos even worth it over investment in stocks

Where I live houses are extremely expensive average around 900k USD. Condos can go around 300k to 400k USD for the cheaper end. However the HOA fee often runs $600 at least and combining with ...
Lightsout's user avatar
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0 votes
1 answer
210 views

How can I deduct Rental Real Estate Partnership loss?

I am a limited partner in a Real Estate Partnership. When I received my Tax Year 2022 form K-1 from the Partnership, it listed a loss in Box 2 - Rental Income or Loss. Can I apply this loss to ...
Mark Lavin's user avatar
1 vote
1 answer
116 views

US Short Term Rental - Can You Deduct The Full Property Depreciation And Property Taxes For A Primary Residence?

I have a primary residence where I am domiciled and file my taxes. I am on the road for work during most of the year and will rent out my residence via Airbnb when I am away. I know that I can ...
Lloyd Banks's user avatar
2 votes
1 answer
150 views

How to disburse capital gains between two people with minimal taxes?

My daughter and I bought a house together in 2022. I contributed money for the down payment. We have paid equally all of the mortgage and expenses. We are selling it now, it is on the market. I am ...
Rita Cook's user avatar
7 votes
1 answer
4k views

Is a buyout of an inherited house in a trust an option?

My sister passed away and she had put her home in a trust of which I am the trustee. She had specified that the proceeds of her estate be divided in 4 equal parts — three for individuals, including me,...
Jim Berndt's user avatar
1 vote
1 answer
150 views

Retroactive property valuation

We bought a new house in a new housing development. This was Phase I. The house was $300K when we bought it in 2018. Taxes were paid based on that value. In 2021, the county has said that they ...
RS401's user avatar
  • 11
0 votes
1 answer
166 views

Can you sell REITs any time?

What is the general liquidity of REITs? I got some recommendations from stocks to track but having no experience buying and selling REITs.
user avatar
2 votes
3 answers
644 views

What are the differences between real estate investment trusts (REITs) and Real Estate Index Fund ETF?

I attended a course on Financial Literacy, and it is intriguing to learn about the various investment opportunities available in the market. One particular topic that piqued my interest was Real ...
user avatar
2 votes
1 answer
188 views

How would investing in fractional real estate affect my tax situation? If I invest in properties in multiple states, do I need to file tax in each?

Based on our personal experience, we've had to file separate state taxes while managing rental properties from out of state. I'm curious whether the same situation applies if we invest in REITs or ...
user avatar
2 votes
5 answers
5k views

What would be the right way to split the profits of the sale of a co-owner property?

In the event of selling the property, how would the proceeds be divided when one person covers the down payment, and the other is responsible for the mortgage payments? Thank you.
NatySparks's user avatar
3 votes
5 answers
519 views

Question on using the interest rate on a loan as the hurdle rate for a net present value calculation

I'm reading a real estate investing book that provided the following example. You finance a property for $100,000 using a HELOC with a 5% interest rate. The property generates $2,000 in cash flow ...
Tyler K's user avatar
  • 33
4 votes
1 answer
123 views

Can a French plan épargne logement (PEL) be used to purchase a property located outside France?

I wonder the following: can a French plan épargne logement (PEL) be used to purchase a property located outside France? https://www.service-public.fr/particuliers/vosdroits/F16140 does not indicate ...
Franck Dernoncourt's user avatar
0 votes
3 answers
233 views

If I want to sell my 3 bed house in Nunhead London and buy a 2 bed flat in central London does it matter that the property market is falling?

Should I do this sooner rather than later? If it’s continuing to fall should I sell my house asap, wait and then buy when it hits rock bottom?? Or sell up and buy in Australia?!
Flossy's user avatar
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-1 votes
2 answers
107 views

Is London investment in real estate net return (discounting mortgage rate) null?

I have been researching investing in real estate in London. I have gathered historical official data regarding returns and historical mortgage rates. To my great surprise, when deducting the mortgage ...
Vincent's user avatar
  • 25
0 votes
2 answers
97 views

For real estate investments, is there a standard recommendation for what to use for variables in the cash flow or NOI equation for rentals?

I usually use a discount factor from rent at 5% for vacancy, 5-10% for maintenance and subtract capital expenditures or capEx as an itemized sinking fund that depends on the year and expected useful ...
adamaero's user avatar
  • 393
2 votes
1 answer
489 views

Taxes, personal mortgage loans, and interest. IRS Form 1098?

My sister has a personal loan for the purchase of her manufactured home, issued by the owner. She'd like to be able to deduct the loan interest from her taxes. As far as I can tell from IRS ...
BobDoolittle's user avatar
0 votes
1 answer
238 views

As a young person in Austria, what steps should I take so that I can buy a house someday

As the title states I am a 21 year old living in Austria. I'm currently working in software engineering and make a decent living (34k/year net)(I also expect that figure to go up by ~30% over the next ...
Sherdir's user avatar
0 votes
5 answers
428 views

Renting my first Apartment at 61

I am 61 years of age, retired and I have never rented an apartment or bought a house. I currently live in a single family home (which I will be inheriting soon) which I plan to sell next year and move ...
Bob's user avatar
  • 1,531
0 votes
2 answers
138 views

Optimizing between Mortgage and Bonds

Lets say I have $1 million owing in my mortgage, current variable rate of 6.1%, remaining amortization 38 years. I also have 1$ million in GIC (basically bonds where the coupon can get added to ...
Crunk_Cat's user avatar
1 vote
0 answers
30 views

Community property settlement

In a community property state , When one spouse dies and has left their half of a house to other persons; when must ownership of that half house be transferred ? Can ownership of half a house be ...
blacksmith37's user avatar
0 votes
1 answer
63 views

Does real estate investment Trusts (REITS) include non rent producing assets?

Hey I am new to learning about REITS . REITS include office buildings, shopping malls, apartments, hotels, resorts, self-storage facilities, warehouses, and mortgages or loans. But can it buy out land ...
CREATIVITY Unleashed's user avatar
1 vote
2 answers
578 views

Buying a house or investing in REIT

Which is better, owning and leasing a house or investing in REITs? Most of my colleagues eventually either buy their own home, or buy a home as part of their investment portfolio. My intuition is that ...
john goodheart's user avatar
-1 votes
1 answer
298 views

what is the fair partnership split in property flipping between the investor and the contractor?

My potential business partner just bought a foreclosure property and asked me to fix it up and sell it. Obviously he is just spending the money but I am doing all the work under my own LLC like being ...
JaySabir's user avatar
  • 107
20 votes
6 answers
8k views

What is the point of "earnest money"?

My wife and I are in the process of buying a house. We recently found a place we liked and had our real estate agent make an offer. The offer contract he drew up said that we put a certain amount of ...
Mason Wheeler's user avatar
12 votes
3 answers
4k views

As a non-1031 house seller, why do I care if the buyer wants to do a 1031 exchange

I currently have my house listed for sale. A potential buyer came by today, liked the property and, as he was leaving, asked if I would sell as part of a 1031 exchange. I understand why he would want ...
Dave D's user avatar
  • 223
10 votes
9 answers
23k views

What's the cheapest way to buy out a sibling's share of our parents house if I have no cash and want to pay less than the appraised value?

My mother passed away, leaving 75% of her house to me and 25% to my sister, setting this up as a trust. The house was appraised at $944K, based on the time of my mother's death (November 2022). I want ...
user1186050's user avatar
0 votes
2 answers
384 views

One residential property-two owners name in the title- One owner paid nothing

My wife bought a property in London six years ago with her colleague/friend. My wife and her c/f are joint owners as per the mortgage and land registry. But my wife's c/f never paid even a single ...
S G's user avatar
  • 1
-1 votes
1 answer
170 views

Tenants seeking early termination because of safety reasons? [closed]

Tenants are looking for early termination of lease. Lease expressly states this is not allowed unless we agree on terms. Their reason is that they are fearful of the neighborhood (despite having been ...
Runeaway3's user avatar
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