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A tag for questions on real estate or property.

1
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0answers
112 views

I live in Iran and I'm in my 20s should I buy houses?

I just got into 21 and I live in Iran. I'm working for a foreign country and I make 10 times of the average so my question is due to low taxes here and US sanctions and the economy should I buy houses ...
0
votes
1answer
73 views

Rental Property Detroit; profitability

I am considering buying a property in Detroit, renovating it and renting it out. >Photo of the property< I was wondering if I have a good chance of renting the property out in this part of ...
0
votes
1answer
91 views

How does a qualified intermediary make money?

Can they invest client money and make money on the return on investment, or do they charge fees directly to the client?
64
votes
9answers
19k views

How is early-and-often home buying as “get rich” advice feasible?

I am being told by this guy that the following is a guaranteed-to-work way to become rich and retire early. He says to start early. 20 years, or near that age. Buy 1 house a year. Rent it out. Start ...
1
vote
1answer
70 views

how to compute holding period on real estate

For the purposes of computing long term versus short term capital gains tax treatment, when does the holding period for real estate end? I can think of several options: At execution of the purchase ...
3
votes
1answer
153 views

Selling Land investment (Current Home) for 900k profit. Tax Effective Strategy?

Selling Land investment (Current Home) for 900k profit. Can I enjoy the 500k personal residence tax deduction and invest the other 400k into my next investment without getting taxed this year? This ...
56
votes
4answers
18k views

Why would a home seller ask a buyer to offer LESS?

My brother-in-law is looking to buy a house. The house he wants has been on the market for a long time, and it's in pre-foreclosure. The owners are underwater on it. He submitted a lowball offer, ...
1
vote
4answers
77 views

Can you fully deduct an investment property owned by an LLC?

I operated a business that generates substantial income. I would like to invest some of this money by buying various, undervalued properties in my area, doing slight improvements to them, and ...
1
vote
1answer
106 views

How can I legally sell this property abroad?

I have a property in Bangladesh worth around £500k. I built this property legally many years ago however I moved to the UK around 18 years ago. When I moved, I had changed my name legally meaning ...
1
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3answers
197 views

Is it safe if I rely “only” on mutual funds for retirement planning?

I am investing in mutual funds to raise retirement fund. My portfolio is 25% debt and 75% equity currently. I have self occupied property. Before few years of retirement, I will start to switch fund ...
0
votes
0answers
29 views

Are life annuity properties worth the risk for non-EU residents?

I am almost done paying off the mortgage of my principal residence, and I still have some good working years ahead of us. I wonder what I should do with the equity that I have accumulated over the ...
0
votes
1answer
16 views

Personal Assets and Initial Contribution for Business Use

How would a person factor using personal assets for starting a business? For example, the owner's personal car, cell phone, and laptop will be used as initial equipment, but the owner will also ...
1
vote
3answers
131 views

Partial investment in a home

Are there well defined ways to purchase stock in a home rather than taking a loan our on the home? For example, imagine I wish to own a home, rather than taking a loan, I find person or business A ...
1
vote
0answers
22 views

What documents do I need to sell a real estate property in Canada?

What documents do I need to sell my real estate property in Canada & Which particular document is the proof of my ownership? I believe it is some kind of title, transfer and survey document?
5
votes
1answer
409 views

How should I calculate property value at remortgage?

Purchased a house (in the UK) with a 2 year fixed mortgage. When it comes to remortgaging, how is the property value calculated? Can I have any input into this, or is it done on "drive-by valuation"? ...
4
votes
1answer
74 views

When and how to create a will document Vs. inheritance rules

I few questions related to will: Q1: Is there any particular kind of assets for which you must have a will document or inheritance rules are sufficient? In particular: Real Estate Automobile ...
0
votes
0answers
29 views

Calculating capital gains tax on the sale of a house

How does the CRA calculate capital gains tax when a house is sold in Canada and if the sale makes a loss are the proceeds of the sale held back until the next tax year? Thanks
1
vote
2answers
88 views

How to balance the risk of owning one real estate?

I am about 45 years old and recently began to receive a US government pension, which I do not require for current expenses. The monthly payment is about a quarter of my living expenses, but due to my ...
2
votes
0answers
64 views

Difference between member and shareholder of a residential management company in the UK

My wife and I are joint lessees of a flat within a block, in the UK. There is a management company responsible for managing the common areas within the block. The lease requires the lessee to apply ...
20
votes
7answers
3k views

Replace old A/C before selling house?

tl;dr: would I get my money back if I replaced the leaky old A/C before I sell my house? The central air conditioner in my house is a little over 20 years old. I just had to pay $200 to add freon, ...
2
votes
0answers
57 views

Selling a portion of a co-op and taking full 250k deduction?

I an single and own a 3-bedroom 2-floor co-op in NYC... the result of a combination of two units. If I separate the duplex into two separate units and sell one (while keeping the other as my primary ...
2
votes
2answers
162 views

Is the IRS wise to false real estate sales?

I recently was reading some deeds and in one case I noticed that a vacant lot had been transferred for a lot more than its value. On the open market the lot would sell for maybe $300,000 at best. ...
1
vote
2answers
136 views

How do I calculate the ROI for a rental property I've owned (mortgaged) for about 15 years?

We own a two family house and both parts are being rented. We moved out years ago and now live with extended family... "temporarily." Trying to figure out the best financial route while getting into ...
1
vote
2answers
81 views

How to get Loan for more then 1 CashFlow Apartament?

I see that experienced people buy MANY flats using loan and then provide them for rent and that rental payments cover loan payments. But when I asked the bank to do it, the bank is glad to provide ...
0
votes
3answers
110 views

Would a commercially-owned personal rental property be considered commercial property?

If a property rental company, essentially a corporate landlord, is looking to acquire homes to rent out on mortgage, would the company take out a personal mortgage or a commercial mortgage, or is ...
1
vote
1answer
59 views

How do capital gains tax work on a property where you finance the buyer?

I have a second property (home) which, due to tax law changes, I will now owe income tax on gains if I sell. But how does this work if I finance the sale? Suppose the hypothetical sale price was $...
-1
votes
2answers
813 views

Are landlords required to provide bathroom access to tenants?

I live in North Carolina, and I am not sure what the laws around this issue are. I was looking to purchase a home: live in one room, and rent out the other. I am quite a germaphobe, and have had ...
0
votes
1answer
307 views

Buying a house over a long period of time without a mortgage

I will soon receive a sum of money which will allow me to pay all cash for a house. However, I'd rather pay for the house over a long period of time. I would like to put the unspent money to work in ...
2
votes
2answers
338 views

I'm 25 years old and about to inherit $100,000 CAD, best thing to do with this?

I have roughly $30,000 CAD saved already and I've been looking to get my own place, perhaps a Condo but the prices in the GTA are just absurd, you're looking at 500k for a 1 bedroom/1 den/1 bath pre ...
7
votes
5answers
3k views

Pay off car debt, or start (value) investing?

I am looking for a method to calculate - or estimate - whether it would be better to pay off car debt or start value investing in stocks. My history: We are soon to get about 1900 USD/month in ...
2
votes
0answers
261 views

Utility company wants me to sign easement contract for $1 [closed]

The local utility company called me the other day and said they were going to use their easement on my property, and would be cutting down some trees so they could run power to a property across the ...
2
votes
2answers
383 views

Should I pay off rental property mortgage before selling in order to save on interest?

My renters are moving out and I believe it will take at least 3 months to sell the house. The mortgage is $63k at 7% interest and the house will probably sell for $145k. The reason I'm thinking to ...
3
votes
1answer
179 views

Should you contact seller's Realtor directly to buy a house? [duplicate]

I'm interested in buying a house as an investment property and am wondering if it's a faux pas to reach out to the seller's Realtor directly, as opposed to getting an agent of my own. I could hire my ...
1
vote
1answer
105 views

What happens when a foreclosed home sells for more than remaining debt [duplicate]

All questions I've read so far have focused on what happens when the home sells for less than the remaining debt. What happens if someone defaults on their mortgage while the home is worth more than ...
3
votes
2answers
375 views

Make 100k, how much mortgage can I get in NYC?

I make a little over 100k a year in nyc as a programmer and have 200k saved up. I'm looking to get a mortgage to buy a condo in lower Manhattan sometime in 2019-2020. How much of a mortgage can I ...
2
votes
2answers
310 views

“Leverage” vs “buy a modest house”

I am in what I suspect is not a particularly unique situation, but still doesn't fit into the standard model (I think). I work and live in an area that has not seen negative rel-estate price changes ...
1
vote
1answer
66 views

What would be a financially intelligent rental cost to bear if you earn $90000CAD annually in Toronto?

Imagine if I earned $90000CAD annually (before Tax) in Toronto, what would be the most financially sensible maximum rental cost to bear? Would renting a house for $2500CAD monthly be somewhat over-...
0
votes
3answers
81 views

Stock return rates vs. real estate cap rates

This site says that a good cap rate for a rental property is between 4 and 10 percent. The S&P's average annual return for the past ninety years is 9.8 percent. This begs the question: Why would ...
-1
votes
1answer
183 views

Should I sell investment property to pay off student loan debt and variable rate home equity line of credit?

I purchased a home as a primary residence 11 years ago for $210,000. It is now worth $475,000. The mortgage balance is $85k at 3.75% fixed for 30 years (but I am 11 years in). Three months ago, I ...
0
votes
2answers
75 views

What does “land” and “additions” mean here?

Picture source This is a screenshot of a condo for sale (see the link for more information). For the year 2017, it is listed that the "tax" is $2598 and "land" is $8750 and "additions" are $28455. I ...
8
votes
1answer
128 views

Capital gains when a spouse passes away

I live in California. My husband and I had a trust and when he passed away in October 2017 his half of our condo went into an exemption trust for his two children from a previous marriage. We bought ...
1
vote
1answer
64 views

House under-appraised (tax appraisal)

I know someone whose house was massively under-appraised (tax appraisal) after it was constructed on their lot due to some sort of glitch or misunderstanding. It turns out the appraisal was much ...
1
vote
0answers
78 views

Buying out a relative [closed]

Two relatives bought a condo, lived in it for 6 years and rented it out for another 6 years. One of them got married and has lived in it for the past 2 years and now wants to buy the other out. How ...
1
vote
0answers
67 views

Why does Redfin have so much lack in coverage?

My preferred tool for house hunting is Redfin, but one area of frustration is that large geographic areas are apparently not served by Redfin (see screenshot below, gray areas are unserved). Why does ...
1
vote
1answer
66 views

Is the buyer's agent fee assessed on a real estate sale if there is no buyer's agent? [duplicate]

Various sources I have read state that the typical real estate agent fee is 6% of the sale price of the home and that this is divided into 3% for the seller's agent and 3% for the buyer's agent. What ...
1
vote
0answers
43 views

Agent Comission rebate when not listed on HUD-1

Our mortgage consultant mentioned that the lender did not approve of multiple rebates we received (Seller's credit, rebate from the Mortgage Consultant). As a result, the commission rebate from the ...
1
vote
3answers
191 views

Saving for a New Home

My wife and I are saving for a new home in NYC. The only debt we have is a student loan (about $26k left at 3%). We have $47k in the bank and our Household Income (HHI) is about $300k. We owe just ...
3
votes
1answer
107 views

Whom do you tell when you gift a portion of a property in the UK?

Suppose Alice and Bob both own 50% of a rental property each, as tenants in common. Alice gifts 10% to Bob so they now own 40% and 60%. Do Alice or Bob need to declare this gift to any government body?...
-1
votes
4answers
139 views

Real estate repair: Out of pocket or on credit?

You often hear the advice, that you should eliminate all debt, before starting to invest. However, in the following scenario it seems the opposite to be the right decision: In order to be rented out,...
3
votes
1answer
178 views

New mortgage lender is requiring I buy condo owners insurance

I live in California, I have applied to refinance my condo, which I have owned for 30 years. The new lender is requiring that in addition to the HOA (Homeowners' Association) insurance policy on the ...