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Personal Finance & Money

Questions tagged [real-estate]

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A tag for questions on real estate or property.

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39 views

If you are married, your house's capital gain is tax free for the first $500k. But what if your spouse is not a citizen?

If she is not a citizen or if she doesn't not have a green card yet, does this apply? I think the rule is that she also has to live in the house for 2 years in the past 5 years, so she will need to ...
5
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3answers
447 views

Taxes on rent back

I know there are risks to this, but I'm only asking about viability. Let's say I buy a property in the United States and did a one to three year rent back to the previous owners. The sellers would ...
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1answer
32 views

How to make strategy for diversification between real estate and stocks?

I am living in tier 2 city in India and my father have all investments in real estate in my city. He had brought land earlier(20-25 years ago) when the prices were pretty low. It has given so much ...
2
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1answer
168 views

Outsourcing rental risk: selling right to rent house?

I am wondering whether there is a way to get rid of the risk associated with renting a property one owns by selling the right to rent that property for a certain period? I am especially interested in ...
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1answer
70 views

Piedmont, California boundaries for the purposes of school district [closed]

We're contemplating a move to Piedmont, CA for a better school district than where we are now. Trouble is: I get different boundaries of Piedmont on Zillow and Realtor. Realtor's listings for Piedmont ...
2
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2answers
159 views

Roof warranty 5 year versus 25 year- Would it allow me to get more money back in a house I plan to sell?

I inherited a 1960 house worth over 200k in tax assessment. It's has some issues though....foundation and internal renovation to become updated in styles. I bought full coverage insurance for it. A ...
0
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2answers
91 views

What are the tax implications for an individual renting property from an LLC of which they are a member?

The scenario is that individual I is a member of LLC L, and L owns property P. L distributes profits and losses to I. I rents P from L. An obviously significant free variable is how much rent L ...
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2answers
178 views

How to price target when selling a home?

Under the Fair Housing Act, it is prohibited to "impose different sales prices or rental charges for the sale or rental of a dwelling." But in the residential market, does price targeting actually ...
25
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8answers
7k views

What's a good strategy for offering low on a house?

We are in the UK and interested in purchasing a house, but the highest offer we could make is substantially below the asking price by around 5%. However, we have some advantages over other ...
0
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1answer
56 views

Calculating real estate rental yield with a mortgage?

I'm struggling to work out how to calculate real estate rental yield in a way that makes it somewhat comparable to any other income-generating asset (e.g., given an investment of X, and a periodic ...
2
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1answer
69 views

How do rental income/costs factor into a debt to income ratio for a home purchase?

If I own a house that I rent out, and I apply for a mortgage to purchase a new primary residence, how do the rental income and costs factor into a debt to income (DTI) ratio for that new mortgage? My ...
3
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2answers
365 views

How can I force my sister to sell my father's property? [closed]

Since my dad passed away in 2009 my sister has been living on the property. There is no mortgage and all she needs to pay are the taxes. Back in 2014 my cousin pay $2500 for back property taxes. My ...
0
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3answers
256 views

What is the reason for paying more capital gains tax if I stay in the same house longer?

Example 1: I stay in House 1 for 5 years, it goes up in value by $250k, and I sell it, then I pay $0 tax. And I do the same for House 2 for 5 years, and it went up $250k and I sell it, then it is $0 ...
0
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2answers
64 views

How to calculate the profitability of an investment property, taking mortgage leveraging into account?

If you buy a property with cash, its fairly easy to make a calculation by totaling your profits over the lifetime of your investment against investing the same amount into an index fund. But how does ...
2
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1answer
106 views

How do I change what my house is registered as?

Recently, I've moved into a new, larger house. The previous owner had rented out two thirds of the house, so there are redundant functions. Of course, because of this, we wanted to do the same. ...
10
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1answer
336 views

Should I stop over-paying my mortgage before moving?

In response to this question: Does Bank Manager's discretion still exist in Mortgage Lending a user ("Bryce") commented: Stop overpaying your old mortgage now. Maybe even take out a home ...
61
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10answers
19k views

Why does it seem the best way to make a living is to invest in real estate?

I can't get past the idea that, if you work well in your job, you may get laid off or fired, and companies do not like to hire you when you get past the age 45 or 50. But if you invest in some houses ...
3
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0answers
69 views

Do you have to pay taxes on a Unison “investment”?

I keep getting these Unison solicitations in the mail. Another question discusses whether or not this is a good deal in general, but one thing I don't see mentioned is taxes. I have searched quite a ...
3
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1answer
43 views

Do I need to buy a new property to get the tax exclusion from Section 121?

I've owned and lived in my primary residence for about 3 years now. I am about to sell it in a few months and, when searching online for tax information, I saw many references to both Section 121 and ...
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2answers
133 views

Renting Part of the Home

I am currently living in a rented house. I am thinking of buying a home with the intention of renting out a section (for example, a two story house, live on the first floor and rent out the second ...
6
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1answer
228 views

Identical flat put up for sale just before us

I live in a block of flats, where each flat is (or was originally) identical. Half are a reflection of the others, and the ground-floors are different from the non-ground-floors, but other than that ...
3
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1answer
87 views

Are inheritance tax and capital gains due on UK property joint owned by parents and children?

Around twenty years ago my parents amended the ownership of the family home so it was jointly owned one quarter each by my parents, my sister and I. At the same time they made wills stating that their ...
0
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1answer
123 views

US citizen gifting real estate to non-US citizens

Annie, a US citizen, has 2 houses (around $60K each) to give to her family members and try to avoid or minimize gift tax. She would like to give (a) one to her mother, a US permanent resident; and (b) ...
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2answers
473 views

Is it more financially sound to own 100% of one property or 50% of two properties?

Property A: 3-bed flat in a decent location, say, worth $100k Property B: 2-bed flat in a marginally worse (but still decent) location, say, worth $75-80k Person X and person Y both inherited 50% of ...
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2answers
115 views

buying property , loan and collateral

If one owns a property that's worth 200K, is it possible to get a loan to buy a second rental property for 100K, given one owns the first property outright, using it as collateral? Does this person ...
1
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1answer
93 views

UK limited company buying UK real estate: KYC and AML requirements

The situation is the following: Our family has setup a structure of companies to manage our investments into real estate. There is ACME Limited, a UK limited company properly registered in the UK, ...
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0answers
18 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
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5answers
292 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 ...
20
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3answers
7k 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 ...
54
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19answers
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
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1answer
181 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
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3answers
382 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 ...
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1answer
35 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, ...
2
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1answer
106 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
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0answers
51 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
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5answers
300 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
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1answer
132 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
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0answers
42 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
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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
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3answers
234 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
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2answers
106 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 ...
46
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10answers
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 ...
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2answers
261 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
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1answer
133 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
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2answers
313 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
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1answer
194 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
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0answers
188 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
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0answers
53 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
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1answer
90 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 ...
36
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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 ...

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