Questions tagged [real-estate]
A tag for questions on real estate or property.
830
questions
0
votes
0answers
115 views
What will happen to house prices in London post-Brexit? [on hold]
It's really a question about making decisions in times of uncertainty.
Say, I am interested in new build flats/houses in London. Should I
a) hold off a new house purchase until after Brexit?
b) If ...
1
vote
0answers
17 views
1031 Exchange Scenario
I'm looking to sell a single family rental property for $400K and buy two with a 1031 exchange. I should have about $150K to put down. I may look at turning one of the new properties into my primary ...
0
votes
5answers
281 views
Can you go broke by investing in prime real estate?
If you follow the classical mantra 'location, location, location' and invest regularly in prime real estate, or, according to your economical level, in a company or fund that does this, what can go ...
21
votes
3answers
6k views
Are those flyers about apartment purchase a scam?
Let me start by stating that I know the golden rule: "If you need to ask if it's a scam, it very likely is". In this scenario my "spidey-sense" is tingling, however I can't quite see how would this ...
53
votes
18answers
13k views
Are there any financial disadvantages to living significantly “below your means”?
By living "below" your means I'm asking about spending significantly less than you could, rather than living "within" your means which of course is sensible if you are able to do it!
So for example:
...
2
votes
1answer
170 views
Why do UK Property developers/investors create a company for each property they buy?
I am currently researching on UK property development and buying.
An interesting website for that is the https://beta.companieshouse.gov.uk/website.
While browsing through it, it became apparent to ...
5
votes
3answers
365 views
Can I purchase a 2 bedroom Philadelphia condo, live in one room, and rent the other?
I am in the process of purchasing a condo in North Philadelphia. The situation is great and my offer has been accepted. I received Condo Association documents to review and have 4 days left to review ...
1
vote
1answer
32 views
House property loss adjustment with carry forward loss from previous year
I have a query regarding situation below for tax implication :
Carry forward loss from previous year under head house property loss : 60000
Current year house property loss : 120000
With above, ...
0
votes
0answers
97 views
How does a house's value change with a new influx of neighborhood residents? [closed]
If there are empty plots in a neighborhood, and new residents decide to move into the area, does the value of the properties in the area typically go up? As well, for rental prices, can these be ...
2
votes
1answer
103 views
Tax implications of selling UK property as US residents, while keeping cash proceeds in the UK?
We are currently selling our UK property and complete in a couple of weeks. The original plan was to transfer the money to our US account and pay off our US mortgage, but the exchange rate is ...
0
votes
0answers
50 views
Title company cost breakdown for home buying
A close friend is first-time buyer, and is closing a home with a title company in Chicago area (Cook county). After many issues with his lender not delivering the funds on time on 7/26, he has to ...
4
votes
5answers
286 views
how to determine value of time share
At a resort, we were offered to buy one week of timeshare. It sounded gimmicky and their pricing was not clear.
The starting ask price was a one time $50k payment and a yearly maintenance fee of ...
3
votes
1answer
89 views
How to invest in property in the UK - mortgage vs cash buy
I'm fairly new to investing and I've never learnt to invest in different asset classes. Since my career has kicked off really well in the recent 3-4 years, now I'm planning to invest in property.
I'...
1
vote
0answers
41 views
Renting and selling a US house while being a EU resident
Clearly anybody can buy a residential property in the US. If one buys for investment and lives in EU (say UK) where does he/she pay rent and sales tax? US or UK?
35
votes
8answers
11k views
High income, sudden windfall
I currently earn quite a good salary (around $250,000 Australian dollars per year). Due to a recent investment coming good I am expecting to be receiving a windfall of around $1.2 million Australian ...
0
votes
3answers
231 views
Splitting home sale when not everyone paid mortgage
My friend and her husband bought a home with another friend. The friend contributed a small amount for the down payment and has been paying rent but is listed as an equal co-owner on the deed. The ...
0
votes
2answers
104 views
Future planning [duplicate]
My wife and I bought our current house about a year ago. We love it. The location is great with many new projects coming to the area, including a train station, a shopping plaza and a marina by the ...
45
votes
9answers
19k views
I won USD 50K! Now what should I do with it?
I won a sweepstakes and will be getting USD 50k...it is verified that it is legitimate although no taxes have been taken out so I will have to claim this income on my taxes next year, they will send a ...
1
vote
2answers
230 views
Sharing father's property with my brother
My father owns a piece of land which he wishes to share between his two sons - me and my brother. I do not wish to own the land and would rather take my share of the money (in other words my brother ...
0
votes
1answer
130 views
Why many people are trying to sell their property in Southern Chennai?
I am planning to buy an apartment in Southern Chennai, India.
I searched in a leading property website 99acres.com and wondering about some results.
I searched all residential buildings+land in the ...
3
votes
2answers
301 views
About opening an LLC with little to report in the beginning
I am a full time employee in Texas and my wife is a stay at home mom. We are buying our third house and it should be ready in about 11 months. We rent out our current 2nd home (of which we own about ...
1
vote
1answer
182 views
Is it better for a couple to buy a house together?
Is it better for a couple to buy a house together; forfeiting (I believe) one of their First home buyer's grant. This way both put into the loan and it gets paid off much sooner resulting in less ...
2
votes
0answers
172 views
How to obtain “Negative Equity Insurance” aka “Home Equity Protection” aka “Equity Protection Policy” in the UK?
I'm searching for an insurance policy to protect against negative equity on a residential real-estate.
The risk I'm trying to protect against is that house prices will fall.
I'm looking for ...
1
vote
0answers
50 views
Is it possible to sell a portion of a house that someone still lives in (In Italy) to a third party?
I have a friend who owns (along with hr brother and mother) an equal share in a family property that was inherited from the father when he passed away last year.
It is a large property (six bedroom), ...
4
votes
1answer
86 views
Does Internal Revenue Code section 1031 enable perpetual depreciation to offset income?
I've recently come across Internal Revenue Code section 1031, which as I understand it allows me to postpone paying taxes on income from the sale of an investment property, so long as I purchase a ...
35
votes
6answers
9k views
How risky is real estate?
I have a friend who plans to retire by putting all of his money in local real estate. He makes a huge return on investment on the property he has now - something like 25%. Fundamentally, I think ...
1
vote
2answers
170 views
Is it a wise decision to buy a home in the current market in a coastal market where prices are at a premium [closed]
I am looking at the possibility of purchasing a property in the San Diego costal area, however I wanted to get some feedback from people that know the economic outlook better than I would. Is it a ...
0
votes
0answers
62 views
Quit Claim Deed: Role Titles
I currently own my house with my son. The deed is a joint tenancy with rights of survivorship between me and my son.
I would like to relinquish my portion and give it to my wife, with my son's ...
2
votes
1answer
52 views
Rental Property 1031 Exchange & Boot
Is a mortgage "boot" still considered a recognized gain even if the debt, LTV (loan to value) and purchase price have all increased or remained the same in the exchange?
Note: If you aren't familiar ...
7
votes
6answers
2k views
Does the growth of home value benefit from compound interest?
I read Investopia's definition and my take away is that compound interest applies to an investment that yields some return on a regular basis and that yield is reinvested in that instrument. If I have ...
0
votes
0answers
105 views
Building a house during times of economic upturn
Since 2008 the aftermath of the recession, the economic crisis has turned from recession into a rise and better economic times. In some places, in western european cities, this means housing prices ...
0
votes
2answers
226 views
Can you use a small business loan as the down payment on a house?
My wife owns a small business and is looking to purchase a barn or small warehouse to store some of her rental items. We are also looking to purchase a new home for our family. Can she acquire a loan ...
28
votes
7answers
12k views
Why would a rational buyer offer to buy with no conditions precedent?
Assume that the Canadian Reddit commenter beneath is rational. I corrected typos.
As an investor, I have a tactic where I only buy houses via the
listing realtor, and do not use my own. Why?
...
2
votes
0answers
46 views
Tax on inherited property [duplicate]
I am USA citizen and I want to sell my inherited property in India. If I bring that money to USA, do I need to pay taxes in USA?
0
votes
4answers
196 views
What do we know about elementary financial education at highly ranked schools at the pre-college and early college levels in the US?
Several answers and comments have postulated ignorance of the most basic financial features, for example, a total misapprehension of "marginal tax rate". See, for example, the comments under the ...
0
votes
0answers
146 views
How much will my property taxes go up after new construction
Here is the situation:
This is in California
My family's home was bought 10 years ago at $1,000,000, they are paying over $10,000 in taxes every year.
The current market value of the home is around ...
5
votes
1answer
681 views
Too good to be true raffle
There's a raffle here which seems too good to be true:
https://www.winapetloversdream.com.au/
It's a $59 entry fee for a $1m+ prize. I am particularly suspicious because there are no T&Cs ...
6
votes
2answers
2k views
Will there be more tax deductions if I put the house completely under my name, versus doing a joint ownership?
I currently live with my mother, and the house is under her name.
However, I pay for the property tax (house paid off).
In regards to property tax reductions. If I will be continuously paying the ...
4
votes
1answer
165 views
Capital gains on vacant land
My husband inherited vacant land when his mother died in 1990. His parents bought this property in 1946 if that makes any difference. We are selling it and am wondering what we will end up with after ...
3
votes
1answer
240 views
How high does the buy-to-rent ratio have to be to make renting cheaper over the long term?
As an example, San Francisco currently has an estimate buy-to-rent ratio of 30, which means it would take 30 years of rent to pay for purchasing the same piece of real estate. This supposedly means ...
2
votes
0answers
120 views
Is there a 1031 Exchange equivalent in Ireland?
I've recently been looking into buying real estate investments, & I've read about a 1031 Exchange in USA.
Here is a definition I've found:
Thanks to IRC Section 1031, a properly structured ...
4
votes
1answer
225 views
For how long do you need to commit to staying in one city to make purchasing a piece of real estate worth it?
I am considering purchasing a piece of real estate in a major metropolitan area in the US, to avoid spending money on rent. However I'm not sure if I want to stay in this city forever and might move ...
10
votes
7answers
4k views
Should one save up to purchase a house/condo or maximize their 401(k) first?
On the one hand, it seems like 401k with employee matching is one of the best investments you could possibly make. On the other hand, paying rent to a landlord is an ongoing loss compared to living in ...
2
votes
1answer
295 views
“Homeownership investment” company - what's the angle?
Today I received a mailing from Unison, which claims to be a "homeownership investment" company. Their sales pitch is that they grant a 0%-interest loan to homeowners in exchange for a partial equity ...
-1
votes
1answer
56 views
Taking out an SBI apartment mortgage loan in Chennai, India and transferring the money to the USA in dollars
I plan to take a mortgage loan on my apartment in Chennai from SBI and then transfer that money to the USA in dollars.
Will I lose any money in the transaction like taxes, etc. ?
1
vote
1answer
113 views
When two valid methods used to determine step-up in value at death for real estate differ, can one freely choose the most advantageous?
I have been told that there are (at least) two methods to determine the value of real estate at death, for cost-basis step-up purposes:
(1) the value given by an accredited appraiser
(2) the value ...
3
votes
4answers
430 views
Does it make sense to invest in real-estate if you do not have any heir to your investments?
We are an expat couple (< 30 years old) currently living in Germany. We are wondering about the long term benefits of investing in real estate when we do not have a plan to have children of our own ...
55
votes
6answers
17k views
Will I lose my paid-in-full property?
I paid cash for the land I put a modular home on which I financed. My husband is terminally ill and I am afraid I will soon be foreclosed upon. Will I lose my free and clear land which has been paid ...
1
vote
1answer
159 views
Things to watch if buying properties in Europe at low prices under local government incentives
I have been seeing social media advertisements inviting investments in the way of buying houses in derelict or small and not-so-well-to-do towns. These advertise the price to buy as under $100 or 100 ...
7
votes
2answers
316 views
Is the seller of a property in the UK in a position to dictate what the buyer does with it?
I know very little about the housing market or mortgages (it's just not taught in school in the UK, whereas oxbow lakes and pathetic fallacy are), but within a year I should be able to get my foot on ...
