Questions tagged [real-estate]

A tag for questions on real estate or property.

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22
votes
4answers
6k views

Buying a house. Seller wants cash now and move only next year, renting same house in meantime

A relative of mine found a fantastic house on the market (Canada), evaluated 750k. He knew there were 3 other buyers making offers and he was entering a bidding war. He made an 800k offer and was the ...
0
votes
2answers
65 views
+50

Is property tax assessed on real estate transaction fees as well (California)?

In California seller usually factors in many of the fees in the listing price, such as the seller and buyer agent fees. To best of my understanding these fees can amount to around 3% for each agent. ...
1
vote
2answers
179 views

Moved out of my apartment. Can the rental company charge me for resurfacing the bathroom?

My spouse, daughter and I stayed in a rental apartment for 2 years and we recently moved out. Today I received a moving out statement from the rental company which mentions bathroom and bathtub ...
1
vote
2answers
146 views

Do Mineral Rights stay with the original land owner through death or can the current land owner retrieve them?

My husband and I are looking to purchase a hundred acre property in Western NY. The current owner says the original owner is receiving payment for gas mineral rights associated with the 100 acre ...
0
votes
2answers
150 views

For a risk-averse investor, is it ever justifiable to invest in real estate over an index fund?

Let's say I have a chunk of cash sufficient to cover a 50% down payment on an average house (£600k). Or, buy an inexpensive house outright. Let's also say I must use the money for real estate—I cannot ...
1
vote
2answers
71 views

Capital gains and unable to claim it as my primary residence because I have to work from overseas

Is there a way for a partial exclusion in this situation: I left the US in 2016 to work from Istanbul, and still no end in sight as to how long I will be here. I have to sell the property (the only ...
0
votes
0answers
73 views

What is your gross annual income if you have just left your job?

I, US citizen living in the US, am looking for purchase a home. In looking up grant programs for downpayment assistance, I realized many have caps on gross annual income. My question is, if it is the ...
2
votes
1answer
75 views

Could we put less down-payment then what is on the offer we signed to the seller?

We originally made an offer with 90k down, but they countered and we accepted and want to do less now, 68k down payment to build a bathroom. We're in escrow right now. Will there be a problem with ...
14
votes
1answer
4k views

My broker brother-in-law and sister managed my father's stock and estimated million dollars disappeared before his passing [closed]

My broker brother-in-law and sister managed my father's stock. I know he made illegal trades and used my fathers account to buy sell trade to cover his purchases. He was fired from three companies for ...
1
vote
0answers
85 views

Taxes on selling a house I rented

I paid $200,000 for a house in 2007. I lived there until 3 years ago, at which point I rented it out because the real estate market was not good. Now, it is able to be sold for $250,000 I understand ...
0
votes
2answers
62 views

When a company buys property, can it reduce tax to the point of achieving a net gain?

"‘Our main priority is to highlight the large number of empty buildings in London and to try to ensure they don’t go to waste when there are so many homeless people,’ Jed Miller, one of the anarchists ...
3
votes
2answers
335 views

Is it better to have a higher value house on lower value land or vice versa?

I, US citizen with a single family home in Philadelphia, was doing a bit of investigating regarding my property taxes. My home was purchased for $400k. At the Philadelphia property tax rate of 1.399%,...
0
votes
0answers
30 views

selling vs renting [duplicate]

This is a rather broad question, but I am torn. I inherited a townhouse from a relative. Does anyone have any insight into the long term value of selling vs renting? (I'm handy, computer competent, ...
1
vote
0answers
27 views

Year End Taxes for Property Sale

My grandmother & grandfather (who are now divorced if that matters) purchased a 5 acre lot in Texas in the 1980's for $30,000. In 2017 my grandmother signed her portion of the deed over to me and ...
0
votes
2answers
97 views

When we retire and take out the 401(k) and IRA money to buy a house, are we subject to a big portion of tax?

Say, when we get to the age of 65 or 67, and retire, and we take out most of the 401(k) and IRA money, if luckily they can grow to $1,000,000 to buy a second house, all at once, will we be subject to ...
0
votes
0answers
33 views

Profit sharing after a property has been sold

my cousin and l jointly owned a property which we have just sold. There was an outstanding balance of 20,000 on the mortgage as at when we sold. The ownership is 50/50. Do l deduct the balance ...
4
votes
1answer
79 views

If Residential Real Estate Isn't Falling, Why Are ETF Funds Falling? [closed]

In most cities, residential real estate prices are not down more than 20% (varies). Also, some people are being paid a thousand or more in relief, so they may not need to sell, but can stay in their ...
1
vote
1answer
52 views

Property owned by a child “A” and a parent (50/50), gifting child “A” 50% interest to a parent

My mother and my sister co-own an apartment. My sister wants to gift all of her interest to my mother. On my mother's will, I am sole beneficiary. After my mother's passing, what is my capital tax ...
1
vote
1answer
70 views

Legal constraints on real estate loans to family members

I'd like to "refinance" the remainder of my home loan with my parents, meaning, they would pay off the remainder of my loan, and I would pay them an agreed-upon interest rate for an agreed-upon time. ...
0
votes
1answer
61 views

How to calculate a loan constant payment (like PMT) but extra double paying (without interest) twice a year

This is my first post in this community, already tried to find my answer, and didn't succeed :(. I'm working a way to understand the formula behind a loan that allows the client to extra pay the same ...
1
vote
1answer
97 views

Is it time to sell my small investment property?

In 2014 I bought a small single residence fully paid for $96,078.43 that is currently about $153,203. After selling it (assuming that I can find a buyer for that price), after all taxes and expenses I'...
0
votes
2answers
38 views

Determining % based property appreciation

Let's say I bought a real estate for $500000 in the year 2020 and is forecasted to appreciate at a rate of 5% per annum. Given the full loan years of 30 years, at the end of 2045, the house price will ...
0
votes
1answer
84 views

What are potential downsides of asking back half of my rental deposit from the landlord?

I rented an apartment about 2.5 years ago. During this time, I was still a student and the landlord considered my income situation to not be entirely stable, so he asked me for twice the original ...
0
votes
0answers
20 views

Cost Seg Study After Quit Claim

I had a cost segregation study done on a property that I owned by myself in 2019. This year I’m quitclaiming into a partnership (myself and one other person). Does the depreciation schedule for our ...
0
votes
1answer
94 views

Sell or keep property just purchased

I bought a house with 2 units in Switzerland recently for $750k mainly for rental income and long term security. The house returns $29,000/annum brutto rental and after deducting interest, ...
1
vote
0answers
21 views

How to assess a price for splitting a Freehold

I've just bought the freehold of a property. More specifically... The property is a 3-storey House, with a 2-storey maisonette on the first 2 floors, and a separate flat on the top floor. The ...
1
vote
2answers
114 views

Do I have to pay city “fees and fines” if I buy a foreclosed property?

I am looking at a foreclosed property in NYC that has $320,000 in charges from a 2017 city tax bill. In 2016 there was a house there and then afterwards there wasn't so I guess the city demolished the ...
0
votes
0answers
68 views

Gifts of equity

I am buying my brothers house for the remainder of the mortgage which is $60,000. The value house is valued at $125,000. Is there a tax or fine on the $65,000 of equity or can he gift it without any ...
3
votes
0answers
78 views

In general, does “the market” prefer or dislike bottom-floor apartments/flats?

I can see both many pros and many cons of living in a bottom-floor apartment, as opposed to one on any other level/floor. I'm undecided myself, actually. However, I'm asking about what the general ...
5
votes
4answers
803 views

Buy apartment now despite corona crisis?

I am about to buy an apartment (in a major city in central Europe) to live in, mostly with borrowed capital (around 80%). The price was set before the financial crisis due to the corona virus started. ...
1
vote
0answers
49 views

What are the easy financing options available for down payment on home loan or how can I take loan to pay for the home loan down payment? [closed]

Can I get a loan or is any other lending/financing option available to arrange funds in order to pay for the down payment amount for the home loan.
3
votes
1answer
111 views

Will old owner's title insurance be valid on refinance?

I was wondering: if I refinance my home, will I need a new owner's title insurance, or will the previous title insurance still be valid? I suppose the new lender will require new lender's title ...
0
votes
1answer
126 views

Does Germany has a Tax law similar to Like-kind exchange ( section 1031 of IRS in US)?

I am 24 year old software developer living in Germany. I am an expat here and I am about to receive my permanent residence (Niederlassungserlaubnis) in a year. I am very interested in investments ...
1
vote
1answer
120 views

Triplex - Joint Property with my brother - 50/50 Investment - I am moving out

I have an unusual case I was hoping someone could shed some light on. I bought a triplex with my brother a few years ago. Up to date we've both put in a substantial amount of money including mortgage ...
12
votes
3answers
6k views

What should I pay buyer's realtor when selling without an agent?

I'm planning on selling my house FSBO. I live in a very seller-friendly market in West Michigan. I have not listed my house yet and already some people have found out (through word of mouth) that I'm ...
1
vote
0answers
51 views

Property conundrum - UK vs Australia

I'm an Australian living in the UK and have been here for 5 years. I've saved up lump sums on both sides of the world. They are both enough to put forward towards a deposit on a property. Currently, ...
1
vote
0answers
554 views

Should I buy a new house now the coronavirus is breaking out? [closed]

Just looking for some advice on whether the conclusions I have come to are sound. I live in the UK. In November (pre-virus) a house came on the market in an area my partner and I really like, a ...
0
votes
0answers
28 views

Re-leveraging an investment property vs 1031 reverse exchange

Is it shady / an issue or typical and accepted to refinance a property to the max just before selling it and performing a 1031 exchange? Is this considered a taxable event (have to pay taxes on the ...
1
vote
1answer
93 views

How does the “Subdividing Tax Lots” scheme work?

In an article that broke today, a Manhattan developer was charged with "subdividing tax lots" in order to get around zoning laws limiting the height of a skyscraper. What does it mean to subdivide a ...
4
votes
0answers
190 views

How long must I wait after buying a property to rent it out?

I bought a place as a first time buyer without mortgage. Consequently I paid a 3% stamp duty. Due to certain circumstances, I will have to rent it out. I would like to know how long before I could ...
1
vote
0answers
62 views

Are property taxes prorated per quarter or per fiscal year at closing?

We just closed on a property last week, and were surprised to see that property taxes were prorated for only the quarter in which the closing happened (Q3), and not for the full fiscal year. Our ...
0
votes
0answers
35 views

What is the tax benefit for homesteading in Minnesota?

When closing on my new home in Minnesota, I was told to submit a homesteading form to claim a tax benefit. Does this help lower my property tax bill or is it related to state income tax? Details are ...
37
votes
4answers
14k views

What happens if you can't pay at an auction?

Based on this question about wholesaling homes - what happens if somebody purchases a home at auction, places their down-payment, cannot find a buyer, and backs out of the auction? I'm assuming they ...
27
votes
5answers
11k views

Buy house with down payment, no loan, sell instantly

I just read Rich Dad Poor Dad, and I have no idea about mortgages, loans or real estate. The author of the book describes a scenario in which a property is found for a cheap price (auction in this ...
7
votes
1answer
2k views

What is the typical compounding/amortized period on US mortgage loans

In a different question it is stated that Mortgages are compounded .. 12 times a year in the USA Is this true or just applicable to that question? I am looking at a site where it explains how to ...
0
votes
0answers
46 views

How will I be taxed on a partial 1031 exchange?

I'm looking to execute a 1031 exchange (in USA) but not on the entire amount of the sale. For example say that I bought a property for $200k with $100k mortgage and I sell it for $300k. Ignoring ...
1
vote
3answers
85 views

Present value of perpetual GROWING periodic payments

There are multiple sites that post a formula for the present value (PV) of a perpetual EQUAL periodic payment: PV = a / ((1 + i)^t - 1) where a (in $) is the value of the periodic payment, and t (in ...
0
votes
1answer
135 views

Can seller backout of their counter offer after buyer accepts

Situation my son is in. He made an offer, then the seller countered. He countered again, they countered back. He accepted their counter. Now they don't want to do it, and may have sold the house to ...
-2
votes
1answer
95 views

Is there a general rule on how to most efficiently purchase rental properties? [closed]

The way I see it, there are two general options to acquiring a slew of rental properties. Save up for 20% down, and then buy as a pure rental property. Put <20% down, live in it for a year (while ...
2
votes
2answers
300 views

55+ communities bulding in Florida

I'm a non US citizen; my father and I are looking to invest in an apartment in Florida. I have found 55+ communities that are on our price range. But I’m not 55. Can people under 55 live in a 55+ ...

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