Questions tagged [real-estate]

A tag for questions on real estate or property.

Filter by
Sorted by
Tagged with
1
vote
3answers
328 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
1answer
30 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
143 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
24 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
437 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
88 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 ...
1
vote
2answers
118 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
1answer
121 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
5k 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
59 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
178 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
185 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
88 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
130 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
65 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
927 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
345 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
356 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 ...
8
votes
5answers
4k 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
2answers
576 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
288 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
130 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
568 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
344 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
81 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
143 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
945 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
947 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
131 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
80 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 ...
2
votes
1answer
173 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
107 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
94 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
219 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
112 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
150 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
199 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 ...
9
votes
2answers
855 views

Savings advice for a 16 year old with £20,000 - convicing my parents that investing this into a property is a bad idea

My younger brother runs a small yet lucrative business in his free time. He has accumulated around £20k in a very short time. My mother wants him to put this money into buying a property, i.e: a ...
0
votes
0answers
66 views

If I convert a primary residence to a rental, are the cost of improvements potentially lost?

According to the IRS: When you change property you held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market ...
26
votes
16answers
10k views

How to best invest 90,000 EUR with zero knowledge in investing?

I have 90,000 EUR and difficulty figuring out what to do with it. This money is in a savings account with an interest rate of only 0.05%. Here in Netherlands, I pay around 600 EUR each year on this ...
1
vote
1answer
112 views

GST goof up. Can I ask for interest?

I had booked a 2BHK apartment with a well known builder. As per the agreement and payment structure I paid all the installments but the last one, which I was supposed to pay at the time of possession. ...
1
vote
1answer
250 views

Is it normal to increase rent by 5% per year?

We are subleasing a part of commercial real estate (medical office in Brooklyn, NY), and now that 1 year is over, the landlord want to increase the rent by 5%. They claim that their landlord increases ...
2
votes
2answers
145 views

Pros and cons of these 2 methods of property financing

Suppose a person wants to buy a property. There are 2 methods of financing that come to mind; 1) Get a mortgage and borrow up to 80% of property value to buy the property. This is so that not too ...
3
votes
1answer
689 views

Do I have to pay Virginia Tax on capital gains from real estate sale out of state?

I sold a residential building lot in Florida in 2017. I am a resident of VA. Do I have to report those gains to VA for taxes? I did for my federal and paid the tax.
2
votes
2answers
178 views

In which state do you pay taxes for money made on house sale?

I live in NJ but work in NY, so I file NY and NJ state returns. I also sold a house in MD. Since that house was rented for a year when I did not live there, I need to pay taxes on a portion of the ...
2
votes
0answers
139 views

I am buying a house to flip. Can I get a solar tax rebate if I add solar?

I am buying a house to flip. Can I get a federal solar tax rebate if I add solar?
3
votes
3answers
265 views

Value of mother-in-law cottage for purposes of will

Let's say there's the following scenario. A couple who are homeowners and parents of three adult children build a small, one-story detached mother-in-law cottage (500 sq. ft.) with kitchen and ...
14
votes
2answers
1k views

Are REITs more correlated with the stock market or the real estate market?

Suppose a person has a sizable portion of his networth in stocks. He wants to diversify his wealth into the real estate asset class. For the sake of correct diversification, it will be nice to know ...
1
vote
1answer
55 views

At what exact point is a deposit check typically written for a home purchase offer?

What is the timing of providing a deposit check for a home purchase offer? As I understand there are 3 phases: parties verbally agree on a deal buyer signs a preliminary offer agreement and provides ...
14
votes
6answers
3k views

Should I max or min my affordability on a new home?

Situation: Around 1,000 month disposable between 2 of us. Current mortage outstanding balance is 95k on a 120k property, saving almost entirety of disposable income. Now the situation has arisen ...