Questions tagged [real-estate]
A tag for questions on real estate or property.
984
questions
2
votes
0answers
55 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 ...
12
votes
3answers
3k views
Building a source of passive income: How can I start?
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
votes
0answers
24 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 ...
1
vote
3answers
158 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
votes
1answer
50 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?
1
vote
2answers
54 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
votes
1answer
21 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
votes
1answer
38 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
votes
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
votes
1answer
128 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
votes
1answer
171 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
votes
0answers
38 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
votes
2answers
58 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
vote
2answers
360 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
votes
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
votes
1answer
128 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 ...
0
votes
2answers
276 views
Ways to make money off land without selling, leasing, developing, or farming?
What are some ways a company might make money off of land, other than selling or leasing it to tenants?
I'm trying to solve a bit of a weird business puzzle. Part of it involves a person who says he ...
-5
votes
3answers
143 views
Can I raise money in an IPO of my house?
I am thinking of getting some cash by selling shares of my house. Can I sell shares of my house in an IPO to raise some cash for myself? It would be super cool to ring the opening bell during the IPO ...
4
votes
1answer
503 views
What can I do with my finances while waiting to close with a mortgage?
I'm in the process of buying my first home and I've gotten lots of advice that has been unclear and hard to work with. One of the clearer pieces of advice I've gotten is to not make big financial ...
1
vote
1answer
71 views
Should mortgage be amortized or not (real estate investing)?
When investing in real estate with the intention of renting them out, do they amortize the mortgage or do they just pay the interest rates?
What I mean is, say you plan to buy a house, rent it out for ...
1
vote
3answers
216 views
how to correct incorrect fractional ownership in deed
My brother and I bought a rental property. I put in 75% of the money, and he put in 25%. For twenty years, we filed income taxes reflecting that 75%-25% ownership. But the deed just says "My Name ...
1
vote
0answers
73 views
obligated to buyout family members with no will or trust [closed]
Parents left me with all home titles. Now my siblings want their share with no title or will from our parents. What is a fair price for buyout, when I have paid all taxes, insurance and up keep on ...
3
votes
1answer
109 views
rental property expense deduction for prior years taxes
I co-own some rental property. My co-owner collected rent, paid expenses, and eventually (he was very busy) filled out IRS tax forms and told me what I would have received as income.
He recently died, ...
0
votes
1answer
65 views
Can you avoid fees while self representing
I am a self representing buyer, the property I am interested in purchasing located in Indiana USA, is under list contract. The seller has an agent for the property.
As I self represent myself and ...
1
vote
0answers
87 views
Why do people keep criticizing real estate investing with this weird argument? [closed]
I keep seeing people do the math on the returns on real estate investing, and saying "oh you're only making 5 % per year? That's less than the S&P brah you been wasting your time".
Like, ...
1
vote
1answer
142 views
What prevents me from calling an investment property an intended primary residence to take advantage of lower down payment requirements?
I know that most banks will require 20%/25% down on a conventional loan for an investment property. The requirement is much lower - 5% - for a home I intend to use as my primary residence. If ...
1
vote
1answer
60 views
Where can I find the full list of steps required to sell a house without an agent in a given US state?
In a recent question Why is it uncommon to sell houses without an agent in the US? I received the following reply:
There are several complex details and activity sequences that you need
to know about,...
4
votes
1answer
89 views
What protection is offered to payment of 1 week holding deposit
I am based out of London, Great Britain. We came to the UK last month and are a bit in-experienced with the UK market. Me and my wife are currently viewing properties around the London area and came a ...
5
votes
2answers
461 views
Objectively, would it be better to sell my condo, or rent it out?
I bought a condo in 2016 for 160K, and this has been my primary residence since then. The loan was 152K, at 4.125% APR. I currently owe about 139K.
My mortgage is 898 (includes taxes and insurance in ...
2
votes
1answer
42 views
Can I include GST, parking costs and Society Charge in Indian mortgage?
I am looking to buy 2bhk in Mumbai, and have somewhat finalized one property. Now my concern is my salary is good so I can pay more EMI but don't have enough cash in hand to pay.
When I checked with ...
2
votes
1answer
153 views
What is my responsibility as a landlord to providing internet, power, gas, and curtains?
I am a first time landlord in Philadelphia, PA with tenants moving in in two weeks. As the title suggests, I am not sure how to handle transfers of utilities to tenants. To be clear, I am not asking ...
1
vote
0answers
76 views
How can I invest in mineral rights?
The USA is one of the few countries in the world with privately-owned mineral rights. Are there methods I can use to gain investment exposure to mineral rights?
I know that I could buy land that have ...
1
vote
2answers
178 views
Risks when buying property with illegal granny unit?
Property I am looking at has 1000 square feet illegal granny unit. Main house has 4000 square feet.
If I would buy property as-is and later attempt to legalize the granny unit as living space, then
...
1
vote
0answers
38 views
Property, income and capital gain taxes for buyer when home bought under “option to buy” contract?
Seller messed up advertising on house and needs few more months to bring few things up to code before he can sell. Hence as alternative solution seller is offering to rent out home to prospective ...
0
votes
1answer
113 views
Is it better to invest FULL savings, in a home before marriage, or PARTIAL savings after marriage (50/50 contribution with spouse)?
My question is around the safety of my brother's investment (Washington State, USA) if shit hits the fan and his marriage falls apart.
He is planning to buy a property now (huge investment) but our ...
0
votes
0answers
27 views
How does the tax computed in a 1031 exchange when the new property is worth no more than the equity?
Confused about the 1031 exchange in partial defer...
My case is as follows:
I got an investment property in Los Angeles, USA which I plan to sell for 850K.
I got that property 15 yrs ago for 300K. ...
1
vote
1answer
172 views
How to reject a tenant?
I have had some prospective tenants apply to lease my Philadelphia, PA condo. As I listed the property on Zillow, the official 'application' is on Zillow as well. Zillow only has an 'accept' button ...
1
vote
2answers
157 views
Is a mortgage-backed security something retail investors can buy?
Is a mortgage-backed security (MBS) something retail investors can buy?
If so, what can make MBS a bad investment?
0
votes
0answers
103 views
Can you make money by predicting the average house price in the UK?
It feels like this should be possible, much like how you are rewarded for predicting the value of stocks.
I'd like to find the best way to do this that's as accessible as buying & shorting stocks (...
16
votes
9answers
6k views
Can I raise the listed rent on a rental property due to high demand?
I a US citizen living in the US looking to rent my Philadelphia condo unit. I put the listing on Zillow and had undercut neighboring rental listing to ensure I got tenant applicants, as I was nervous (...
9
votes
3answers
3k views
FSBO seller, shows house to potential buyer, then get's contacted by a Buyer's Agent asking for commission amount
I have my house for sale. A potential buyer contacted me directly, I showed the house to his family and had various emails/telephone conversations with them. About a week later, I get a call from a ...
2
votes
1answer
87 views
State taxes owed seize property
I live in the US and I owe taxes to the state which I'm not able to pay. I don't have a permanent residence and live with family/friends. One of my family members received a letter stating their ...
1
vote
1answer
163 views
Do I have to use my realtor on a For Sale by Owner home
I found a For Sale by Owner (FSBO) home that I love through a family friend. The seller has sold two of their homes before with no broker help from them or the buyer. They don't want pay any amount to ...
24
votes
6answers
6k views
Is this rental property worth keeping, or should I sell?
I became an accidental landlord, when I bought a house 3 years ago, and did not sell the house I had lived in for 10 years.
Here are the facts:
House purchased: $200,000
House Mortgage remaining: $...
0
votes
1answer
127 views
Do I need Ex's Signature on Closing Documents if I have Quit Claim Deed?
I was awarded my home in my divorce decree and I have an offer on it now. Do I need my ex's signature on any loan documents during the closing process if I have a Quit Claim Deed filed with the county?...
1
vote
2answers
103 views
Competitive Market Analysis when have to extrapolate price per acre and price per square foot of building?
I am looking to buy a house in rural San Francisco Bay Area and I am trying to carry out Competitive Market Analysis on my own.
Unfortunately, in the area where I have found one house that interests ...
3
votes
1answer
82 views
Is there any real downside to recasting my US mortgage?
I have been paying additional principal every month on my 30 year fixed mortgage. As a result, I have paid more principal than expected, and can recast my mortgage to lower the monthly payments (and ...
0
votes
2answers
265 views
I believe I have paid too much for my home, what are my options? [duplicate]
Pretty self-explanatory here. I have owned the home for just about a year; I still believe in the neighborhood's long term potential, but there is a bit of buyer's market due to COVID and it is ...
1
vote
3answers
173 views
Why is it uncommon to sell houses without an agent in the US?
On the surface, real estate transactions are quite mundane. You find a property you like, you get a lawyer to do a background check on the ownership documents and draft up the contract, after which ...
2
votes
1answer
152 views
Why do house sellers prefer to quickly find a buyer rather than trying maximize the price via a Dutch auction?
When the real estate market is hot, buyers frequently complain about how hard it is to buy a house given that sellers often get multiple competing offers within a few days, so you have to act fast if ...
