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Questions tagged [real-estate]

A tag for questions on real estate or property.

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 ...
2
votes
2answers
292 views

Save up more money than necessary for house purchase or borrow more?

I live with my parents and thus have very little expenses and believe I am saving quite well, even have some money in shares. Have a stable job (albeit relatively low paying as I am a junior, just out ...
3
votes
3answers
365 views

What mortgage term to go for (short term)? [duplicate]

I current have a mortgage with less than 14 years on the term with an outstanding balance of approx 100k. I will be moving house in the next few months, but the house I move to (purchase) will only ...
2
votes
5answers
498 views

How important is the “1% rule” for income properties?

The 1% Rule - The monthly rent earned on an income property should meet or exceed 1% of the total buying price of the property. How accurate/important is this rule when it comes to personally ...
4
votes
2answers
127 views

How does cost of construction affect capital gains on house?

If I buy land and build a house on the land, can the cost of construction be subtracted from the capital gain when selling the house? For example, if I buy land for $600,000 and then build a house on ...
-2
votes
2answers
140 views

Is it really a good idea to put money in 401(k)? [duplicate]

Assuming your company doesn't have 401(k) match, is it really a good idea to put money in 401(k)? Everyone says it's a good idea but I don't think so. Why not save your money and buy a house/...
0
votes
2answers
162 views

Is there a standard way to calculate property joint ownership percentage when one party has put in zero deposit? [duplicate]

Is there a standard formula/convention to calculate the % of ownership on a property based on the following situation I am buying property together with my partner and her mother. Lets assume for now ...
1
vote
3answers
441 views

Tax implications of selling property and giving money to children

My friend owns a property in London with no mortgage and wishes to sell it and share the proceeds amongst her three adult children equally. This property is not her main residence. The estimated ...
2
votes
1answer
47 views

How are trades in kind recorded on property deeds?

I think that when property is sold, the price is recorded on the deed, or in the registered record. However, what if property is sold in part or in full in kind? For example, what if somebody sells ...
1
vote
3answers
149 views

Which asset classes have a “built-in” long-term growth logic?

My understanding is that stock markets are expected to generate returns above inflation in the long run because companies are paying out dividends and because investors demand compensation for ...
12
votes
1answer
2k views

What should I be concerned with in buying a house for less than the market value? [duplicate]

I've grown up in my grandparents house my entire life. They lived two miles away my entire life. Sleep overs, dinners, barbecues, etc. It's been the plan since I was a kid to buy the house when I got ...
6
votes
2answers
810 views

Selling house via estate agent vs selling property to developer, UK. Why price difference?

Background: I am executor for my father's estate, and the major asset is his house. There is a minor difference of opinion amongst siblings whether to sell house via estate agent, or to a property ...
3
votes
2answers
94 views

Best ways to defer investment income to qualify for low-income subsidies?

Currently, my only income is from dividends and interest which is about $70k/yr. If I can lower my income, I can pay lower taxes each year and I may qualify for some low-income government subsidies ...
1
vote
2answers
122 views

Can I Find A Landlord Directly Through The Apartment Building? [UK]

So I'm trying to find a new flat and all I can see online are advertisements from agencies who like to charge £400 for the 'Application' whatever that means, plus another £300 in ambiguous fees and ...
0
votes
1answer
93 views

How to convert land zoned as Agricultural to Residential in Massachusetts [closed]

How can I convert a multi acre land, termed currently as "Zone Usage: Single Family/Agriculture" in central Massachusetts, into smaller residential pieces. What all are the procedures, dues, fees, ...
1
vote
0answers
78 views

If a property settles in 2017 but the proceeds are cashed in 2018 where is the income taxed?

Odd little situation I'm in, as a Realtor have a contract with 12/29 proposed settlement. Buyer is very adamant we settle in 2017 b/c she will itemize 2017 but thinks next year due to tax bill she ...
6
votes
1answer
195 views

Friend is leaving US without ending the lease? What the apartment manager can do?

Friend is leaving US due to visa problem. She has very good credit history. She is planning to pay all the credit card and utility bills. The only thing she is not willing to pay is lease breaking ...
7
votes
3answers
402 views

Where in the US do you need a lawyer to buy a house?

I've been told that in many locations in the US, you must retain an attorney to represent you in purchase of a single family residence. Or, alternately, perhaps you lose a great deal of your rights ...
4
votes
1answer
144 views

Why is a REIT (Real estate investment trust) able to grow and appreciate, given that it is not able to retain its earnings? [duplicate]

REITs have to distribute out most of their earnings to shareholders. This deprives REITs the needed cash to reinvest into their business to grow organically. Wouldn't this stunt REITs' business growth ...
2
votes
1answer
158 views

What criteria should be considered when selecting a residential real-estate appraiser in the US?

As a buyer, if a private appraisal should be performed on residential real-estate prior to purchase, what criteria should be considered when selecting the appraiser, and how can someone locate and ...
0
votes
1answer
1k views

How to write an earnest money check for a written real estate offer?

If I make a written offer complete with terms to buy a piece of real estate, there is the problem of how to draft the earnest money deposit. In previous purchases of real estate I have made, what ...
2
votes
1answer
185 views

sell flat or rent it out as student

I started to study away from home, at the moment I live in my own flat and get everyday by car or train to the university. Its very time consuming as i need about 4 hours everyday only to get there ...
3
votes
1answer
103 views

Withdrawing income from a self-managed super fund holding a rental property?

Do I need to sell my rental property (fully paid for) in my Super fund to start withdrawing from the funds on a monthly basis to live on at 60 years of age, or can I keep renting it and just access ...
0
votes
1answer
190 views

Sell house at a loss or wait for a buyer at a better price?

I've been trying to sell my house for a while and I'm actually renting elsewhere now, closer to my job, during the week. The house is priced where the real estate agent recommended and we have ...
11
votes
3answers
5k views

Do I have to pay rent to my father when the home is owned by a family LLC I partially own? [closed]

I am inquiring about an LLC-owned property that I am renting. I, along with my three brothers, are owners of the LLC. My parents bought the house originally but then the LLC bought the property and ...
0
votes
1answer
117 views

Pennsylvania real estate - buyer agency contract

I'm buying a home and chosen a real estate agent and am now reviewing the buyer agency contract. One thing in particular about this contract has stood out to me. The buyer's commission is 3.5% stated ...
3
votes
1answer
127 views

UK House buying deposit from sale of current property?

We've just started overpaying on our mortgage so it costs us less in the long run due to interest. However at some point in the semi-near future, we'd like to move house. With this in mind, should we ...
6
votes
1answer
130 views

How to save house down payment as expatriate US Citizen

I am a US expatriate living in Israel and I am trying to save up in the next 7-10 years for a down payment on a house/apartment. The prices here are what some would call a "bubble" here but even if ...
3
votes
0answers
107 views

Capital Gains Tax Example - Question

My wife and I are semi-retired and have 3 children under 18. The capital gains rules confuse me (and are pretty depressing). Our reasons for selling the 1 house are to pay for a boat which we plan to ...
1
vote
2answers
122 views

System of paying money for the apartment

I want to live in the U.S. for half a year and was trying to figure out how much the apartment price will be. I was looking at a shared room website and I found the word “from $875”or so. What does “...
6
votes
2answers
5k views

Where can I find filings of HUD-1 statements?

My wife bought a house in San Francisco about 15 years ago and sold it recently. For our tax (capital gains) we were told that we need to obtain the old HUD-1 form from when the house was bought. ...
4
votes
2answers
161 views

US green card holder and resident, what to consider when buying real estate in Italy?

I am a green card holder, with Italian citizenship, looking to buy property in Italy, while still maintaining primary residence in the US. What should I look out for when making this purchase? In ...
8
votes
3answers
3k views

Is it possible to have 2 residential mortgages at the same time in the UK?

I have recently taken out a residential mortgage on a property that I live in with my family, the property belongs to my parents as they made the payments for the mortgage deposit and they also make ...
1
vote
2answers
115 views

Is this a viable business plan to secure me real estate?

I'm asking here if this is a viable/likely option for me. To put it shortly, I don't make enough money to put a down payment on any house. I am looking for a silent investor who is willing to agree to ...
0
votes
2answers
44 views

Is a real estate attorney needed for builder deposit contract?

I am in the market for a new house and my agent recently showed me a new construction that is only about halfway completed.The builder is financing the construction and he said he can "hold" the house ...
3
votes
1answer
208 views

Capital Gains Tax on sale of land

My mother had in 1995 purchased a plot in Bangalore for Rs 1 lacs. We are looking to sell land for Rs. 30,00,000/-. My mother is approx 55 - 59 years old. Please inform if we need to pay income ...
6
votes
3answers
217 views

How to find a reputable company to help sell a timeshare?

My family bought a timeshare in Vegas. It was basically a scam. There are tons of companies offering to help sell it, but since this area seems crowded with scammers, I'm hesitant to pick any of them. ...
2
votes
2answers
155 views

Is it possible to incur closing costs before closing on a home, by backing out of contract too late?

Someone I know is purchasing a home and has already gone through the inspection, commitment period and all. While waiting on the lender and lawyers to get everything ready for closing, this buyer ...
3
votes
2answers
225 views

How is price increase factored in when I sell my house?

I do not own a home but I am just wondering how capital gains work on a house which is not completely owned by me? For example if I bought a house for 100k and I did put 20%(20k) down to buy that ...
3
votes
4answers
747 views

Looking to buy a property that's 12-14x my income. How can it be done?

I currently have insignificant income due to the fluctuations of my line of work -- entrepreneurship. I do not have any steady income and can't guarantee minimums always -- but I have done some ...
2
votes
5answers
412 views

Family inheritance and property

I would like some advice on property allocation between siblings and parents. We all live in England. I have a sibling whom I love very much. We both get along with our parents who are divorced. We ...
0
votes
2answers
273 views

Math Behind Buying a House with Calculations

This is a follow-up question to Math Behind Buying a House As many answers pointed out, my calculations in the previous question were flawed. What do you think about the updated calculations below ...
95
votes
8answers
23k views

How to deal with the credit card debt from family member that has passed away?

My father recently passed away and had some considerable amount of debt on his credit cards. House and credit card were in the deceased’s name only. The state that is happening in is New Jersey. In ...
33
votes
9answers
15k views

Math Behind Buying a House

Is following calculation correct? I spend $1500/month on average on rent. If I rent for the next 3 years, I would be spending $54,000. I can buy a house for $220,000 today and spend the same amount ...
11
votes
1answer
646 views

I want to list my home for 2.5 million with a flat fee broker. Do I still have to pay buyers agent 3% commission?

I am located on Seattle's East Side where the real estate market is hot and inventory low, so I doubt I'm going to have a difficult time selling my home. 99% of buyers first search online to find the ...
1
vote
1answer
688 views

Stay in New Jersey or Move to Pennsylvania

I live in South Jersey and work in Philadelphia. My property tax rate is 3.43% in Camden County, New Jersey. A suburb like Blue Bell PA has property tax of 1.2%. I'm not sure what my total income tax (...
2
votes
0answers
51 views

Rules for using Roth IRA money toward a first home purchase? [duplicate]

I've got about 5k in a Roth IRA that I rolled over from a Roth 401k about 6 months ago. I would like to use it and/or continue to build it up and eventually use it for a 1st time home purchase. Are ...
92
votes
19answers
30k views

Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home?

When I bought my condo with cash for $155k, I paid $40k of my own money and my parents lent me $115k. Our agreement was that when I eventually sold the condo, my parents would get 75% of the gross ...