Questions tagged [real-estate]
A tag for questions on real estate or property.
1,159
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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 ...
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1
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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 ...
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1
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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,...
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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 ...
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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.
user125683
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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 ...
user125674
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1
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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 ...
user125645
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5
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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.
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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 ...
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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 ...
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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?!
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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 ...
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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 ...
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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 ...
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215
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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 ...
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411
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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 ...
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130
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Property owned and sold by SDIRA holding note
My LLC/SDIRA sold a property and is seller financing, so the mortgage payment is going right back into the SDIRA account. I have been told that that is not a permitted transaction by another investor ...
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2
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248
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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 ...
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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 ...
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Usefulness of government reported "market value"
My county's property records often indicate a "market value" along with tax assessments. This is typically lower than the listing price of property, and I'm wondering how to interpret it.
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What does R1AVH zoning mean in real estate?
There are zoning class that are listed as R1AVH, what does that mean?
E.g. https://www.zillow.com/homedetails/90-S-12th-St-Pittsburgh-PA-15203/2086062520_zpid/
I've tried googling for the term but I ...
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What are the repercussions of letting your relatives live in your second house for free?
I already have a house which is my primary residence. State of Arkansas. I want to buy a second house as an investment and let my brother, his wife and kids live there as long as they need rent free.
...
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What is the most tax efficient way to give a real estate gift in Arkansas?
I want to buy a new house for my dad. I will pay all cash. No mortgage. Small $300,000 house. As a gift. We live in AR.
Ideally, I want this to be a surprise. I was thinking to buy a house in my name ...
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On Schedule K-1 (Form 1065), is Box 10 (Net section 1231 gain) a superset of Box 9c (unrecaptured section 1250 gain)?
In other words, is the amount in 9c included in the amount of 10, or do they have to be added to get the overall gain for the property?
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Does the Section 121 exclusion apply if I demolish and rebuild?
If I purchase a home, live in it for two years, demolish it, and build a new house, can I still claim the Section 121 exclusion? Or does it reset the clock? From this 2010 case, it seems the clock ...
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Selling part of my land to neighbor
We have 3.5 acre (1.4 ha) land on our primary residence in Travis county area in central Texas. My neighbor has expressed interest in buying an acre (0.4 ha) from us that is backing out to them.
We ...
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How can I take a $250,000 capital gains tax exemption on a land sale adjacent to my RENTAL house property?
This is a narrower question than a question about the sale of land adjacent to a PRIMARY residence.
Can I take the $250,000 tax exemption on the sale of my land adjacent to my rental property (not my ...
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UK resident selling a house in Italy
I purchased a house in Italy for €250,000 in 2014. At the time, I was a student in the UK, and I didn't officially transfer my residency to the UK. I now (2023) work and live in the UK (and I've been ...
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What property type should I select for a coop apartment mortgage application?
When applying for a mortgage on some bank websites, you're asked the type of property you're looking to purchase. There are options such as "single-family," "multi-family," and &...
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What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
I'm planning to move to a different region in the US on a tight schedule. I have enough equity in my current primary residence to pay for a down payment on a new home, but since I'm on a tight ...
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4
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Joint owned property 50% each. Can 50% rent be charged?
My sister has lived in a property that was passed to us both in our parents' will. She has never offered to pay any rent in a mortgage-free house with her and her three children.
This has been going ...
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Form 1099-S issued in conjunction with 1031 like-kind exchange
During 2022, I performed a 1031 like-kind exchange, in which I sold a piece of undeveloped land, and used the proceeds towards purchase of a vacation rental house. (This is a way of deferring capital-...
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Where to put an inheritance of $1.4 million upon first receiving it
Sometime in the next year, I will receive an inheritance of 1.2 to $1.4 million. I am concerned about the safety of money in a bank with threats to USD thanks to fiat vulnerability. I live in the ...
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Is it correct to think: when the government prints money and I buy 3 houses, then when the price of house doubles, I get 1.5 houses for free?
It actually happened in a similar fashion in the US: in 2015, the price of a townhouse nearby was $850k.
Then about 1 year later, the price of it went to $1.5 million.
For simplicity's sake, let's say ...
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How to transfer Proceeds from a gifted property from US to Cuba
Before my uncle passed, he gifted a property via a Deed to myself and a relative residing in Cuba. I want to sell the property, but I have no idea how I will be able to get the proceeds to her in Cuba....
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1
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Calculating Capital Gains for Real Estate
Here is a question using hypothetical amounts when understanding the amount considered capital gain when selling real estate before two years. I want to understand, is the number I am calling capital ...
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462
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Can you refuse to let an assessor in your home?
I received this letter.
Can I deny them access to the interior? The foot print is all they should need for real estate tax, right?
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Selling real estate with rent credited as down payment (USA)
My wife and I do not live in a community property state, but we treat everything as jointly owned/spent/taxed. (In case it matters for the question)
She inherited a house appraised as (Value)
We are ...
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Potential ways to mitigate realtor's seemingly massive conflicts of interest, when buying a home
I recently tried to make an offer on a home in Pennsylvania, and after reading the contract, I noticed what seem to be several massive glaring conflict of interests for the buyer's realtor.
Realtors ...
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How to recoup the renovations to home inherited with my two siblings
In 2016 I along with my two siblings inherited the parental home. In Aug. 2017 I paid remaining balance of mortgage and invested 30k in renovations to the exterior of the home. My brother who my mom ...
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560
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Rough and ready value for cash offer on a house?
I am thinking about making a cash offer for a house, below the current asking price. I would like to make (at least) a rough calculation of a sensible offer amount.
First what I have read already:
...
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Best way to set up a rental income stream for property I already own - checkbook IRA?
Here's my situation: I'm 41. We bought a home in Dayton, OH in 2018 for $140k, with about 4k to 6k sq ft of livable space (depending on how you count it). There is an old two-story servant's quarters ...
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