Questions tagged [real-estate]

A tag for questions on real estate or property.

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0answers
70 views

Invest 100k in the Short Term Until It Could be Used to Buy an Investment Real Estate Property

I have a little more than 100k in my savings account. I have been keeping (and accumulating) that money in the savings account hoping to invest it in some kind of an asset (real estate etc.). However, ...
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0answers
46 views

Investing in property: physical property vs "pooled account"

I'm interested in investing in real estate soon, and I'm curious about two different methods: Buying a a physical property and renting it out Contributing to a "pooled account" service ...
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3answers
152 views

Is there a way to buy a house for the average price over some future period of time?

Suppose I thought the current housing market was inflated, and I expected prices to go down in the future. However, I still want to buy a house. So I'm thinking, does there exist a contract where The ...
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2answers
197 views

How can I determine how much improvement (dollar value wise) I can put on an urban lot?

So, I'm in the position of considering where (within a given city/real-estate-market) I and my family want to build our next house (which will also be our first experience as homeowners -- we've lived ...
3
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1answer
107 views

How can I find the FMV of my property 10 years ago, the year my husband passed away?

How can I find out the FMV of my property 10 years ago, the year my husband passed away. Related to if the $500K tax exclusion is applicable still if I sell my house this year.
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1answer
189 views

What factors go into UBS’s Global Real Estate Bubble Index (GREBI)?

UBS publishes an annual Global Real Estate Bubble Index, which categorizes real estate prices in various cities as either “undervalued”, “fair valued”, “overvalued” or “bubble risk”. I am currently ...
2
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2answers
131 views

Are there any pitfalls to owning real estate as a student?

As title says, as a student in my 20s, are there any pitfals when it comes to (co-)owning (with sibling(s) or parents) a house worth say 500'000€? Taxes? Less chances of getting student scholarships? ...
34
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5answers
9k views

How to avoid being scammed while purchasing unimproved land online?

I am currently in the process of purchasing a piece of land I found for sale online, by what looks like a small business that buys and sells land. I have had a friend in the area check out the ...
2
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1answer
127 views

Is it normal that buyer's mortgage company is requesting to be added as payee on master insurance policy?

In selling a condo which is a typical unit in a four unit building, the buyer's mortgage company is asking for them to be added as a payee on the condo association's master insurance policy. Is this a ...
2
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1answer
218 views

Does A Good Listing Agent Really Make A Difference?

Considering the agent is providing the same service to all of his/her clients. What other factors do you need to consider in looking for the best listing agent?
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1answer
71 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, ...
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2answers
234 views

Can I rent the house that I currently paying to own? [closed]

I'm just wondering if it is legal or are there law that prohibits it, since I plan to buy a house and rented it out to someone so that they are the ones who will pay the house for me and I'm the one ...
6
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4answers
961 views

Buy apartment now despite corona crisis?

I am about to buy an apartment (in a major city in central Europe) to live in, mostly with borrowed capital (around 80%). The price was set before the financial crisis due to the corona virus started. ...
3
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1answer
451 views

When two valid methods used to determine step-up in value at death for real estate differ, can one freely choose the most advantageous?

I have been told that there are (at least) two methods to determine the value of real estate at death, for cost-basis step-up purposes:, specifically to calculate the capital gains tax if the property ...
2
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2answers
395 views

When the government starts to print money, buy a house to double or triple your money?

It seems it is so obvious, but is it true? When the government starts to do "quantitative easing" or print money, then the price of a house can go from $1.2 million to $1.5 million easily, ...
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2answers
141 views

How to analyze the option of refinancing a home?

5 years ago when the market was up I bought I a home. This house was in my means so I had no issues paying it on time for all this time. Now the market is down and the interest rates are about 2.5% ...
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3answers
144 views

How exactly can I benefit from straight line depreciation on my property?

I have a rental property and have been reading heavily about straight line depreciation but I'm not quite grasping what it is and how I can benefit from my $4,092.92 deduction come tax season? After ...
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0answers
56 views

How to account for capital improvements made on owned property done by owner

As a homeowner one can step up the basis of their home by using the cost of work done by contractors. But I'm not sure what the rules are around stepping up the basis for any DIY improvements. Can ...
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14answers
11k views

When buying a property without using a realtor as a buyers agent, can you build a discount of the buyer's agent commission into the contract?

I want to buy a home, but I'm not interested in using a realtor as a buyer's agent. I know that in MLS systems, when a realtor lists a house they specify what commission a buyer's agent will be paid. ...
8
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1answer
1k views

How do I calculate Capital gains on gifted property inherited by the donor?

My father inherited a property as part of an estate after my grandmother passed away. Then maybe a year later he gifted it to me. I've had it longer than a year. How do I calculate the capital gains ...
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0answers
170 views

I just bought a home and I want my new address to not be searchable by using my name. How can I keep my new address from being found

I understand that all real estate transactions are public knowledge. As far as displaying the value of my new home, how much it was purchased for, or if we took out a load or bought it in cash, I can ...
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0answers
23 views

In Real Estate Wholesaling, is the assignment fee included in the asking price?

I am trying to learn my way around different real estate investment strategies. I recently joined some local Facebook pages that have the occasional wholesaler with a contract for sale. If they ask $...
4
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1answer
376 views

What does "22/30" mean when talking taxes and selling an apartment?

I really tried to think through this and search before asking. I hate having to ask questions. On this webpage, on the Swedish IRS' website. It says: Om du säljer en privatbostadsrätt med vinst ska ...
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1answer
68 views

Understanding a passage from the guidance on higher rates on SDLT

I would like to fully understand the following passage from https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property : You must pay the higher Stamp Duty Land Tax (...
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1answer
44 views

Stamp duty surcharge for a person with a property overseas

Suppose there is a person that lives in the UK for 4 years in a rented property. Moreover, they own half a flat overseas jointly with their parent (that costs less than £10.000). If I understand ...
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2answers
105 views

Closing on a property: working out the numbers in advance

I'm preparing to close on a house next week, and I'm trying to work out in advance the exact numbers, mostly so I am prepared in advance but also so I know how much I will be wiring from my bank ...
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1answer
78 views

Stamp duty for a couple with one person owning less than £40000 of property overseas

Suppose a couple is buying a house in the UK. One partner is a first time buyer, another owns a share of property overseas with value less than £40,000 (and nothing else). Suppose they are buying a ...
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3answers
2k views

Offer subject to survey or survey before an offer?

I saw a flat (in London), made an offer and received a counter-offer. I wonder what should be my next step and I get two types of advice. As far as I understand, the most standard practice is to ...
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1answer
112 views

Questions about capital gains on real estate

Let's say I sold my house in California and I estimate the amount that capital gains will be taxed (basis + costs + exemption of 250,000/500,000 if it was your primary residence) and there's an amount ...
23
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5answers
7k views

Why would a seller require a cash offer on a property?

My partner and I are looking at a house in an area that would be interesting to us. It's a fixer-upper that would require quite a bit of work on the inside. She's previously owned a house and ...
52
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9answers
10k views

When buying a property, is your agent's incentive contrary to yours?

My understanding is that buyers agents are typically paid half the overall commission of a property sale, which itself is some percentage of the sale price. That means that as the sale price goes up, ...
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2answers
194 views

The "meaning" of reduction of the asking price for a flat and its consequences

I found a flat (say in London) that was advertised a month ago and whose asking price was reduced by 5% yesterday from 500K to 475K. Suppose I make an offer of 450K, i.e. I reduce the price by further ...
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4answers
262 views

Is it financially smart for my girlfriend and I to get our own FHA loans for separate properties before marrying?

My girlfriend (22) is a nurse and I (22) am currently in my last year of undergrad for BS in Computer Science. I want to invest in real estate for the purpose of renting or using as an Airbnb to help ...
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2answers
134 views

I waived the mortgage contingency and loan closing is delayed. What is going to happen?

I just signed a final contract on a house (single family in Illinois) and I waived the mortgage contingency. The reason I waved the contingency is because I had absolutely no concerns about getting a ...
6
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3answers
991 views

What are the positives and negatives of buying a home without a real estate agent?

Note, the question isn't searching for a home, but buying a home. If you do the leg work on your own, identify what you're looking for and find it, then what are the downsides of not making the ...
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5answers
367 views

Can leaving a property vacant be more beneficial than renting it out?

I live in a major US city with strong demand for housing. Last year, a house on my street was purchased, but no one has ever moved in. During the first few months of this, my initial thought was that ...
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3answers
4k 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 ...
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3answers
306 views

Can I sell my own house? Australia

Are there any laws regarding this. I'm not an agent or anything but I have marketing and salesman experience. Will I be able to list my home privately on websites such as Realestate.com?
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2answers
91 views

Are there alternative options to getting an appraisal for a refinance of my home?

I live in New Hampshire, USA. I'm trying to get my home refinanced and it most likely requires an appraisal (not sure the requirements), but anyway... they want $1870 for the appraisal fee! I'm aware ...
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0answers
26 views

Explanation for the formula for price of the supply

In a book "Real Estate Investing" by Benedetto Manganelli, there is a formula for demand price for real estate: How this formula was derived and what does the n subscript signify? Is it ...
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2answers
123 views

How profitable is buying rental property far away via property manager

I've seen people buy a rental property, not in their neighborhood but in other states with a lower cost of living. These houses usually are like $70k and they would rent it out via rental management ...
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2answers
84 views

Is the way I'm calculating depreciation on my rental property correct?

I've recently purchased an out of state rental property. I'd like to be ahead of the game and fully grasp the concept of depreciation so that when tax season comes around, I won't be clueless. I've ...
0
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1answer
159 views

Can an agent misinform me about the offers that he has?

An agent has shown to me a flat in London with asking price £450K. I like the flat and I am thinking about an offer that I can make. The agent (from Foxtons) told me that the owner was receiving ...
4
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2answers
7k views

How do banks lose money on foreclosures?

I read that when banks give out a mortgage the bank itself doesn't actually lend any of its money out. It is just accounting that adds the money to the borrowers account and adds the same amount of ...
39
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13answers
12k views

Is there a price point beyond which it no longer makes sense to buy an apartment or house?

I am in a very frustrating situation right now. I have accumulated a decent amount of value in cash and stocks. My wife and I however are still living in a rented small flat in our town in Austria ...
2
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0answers
36 views

1031 exchange to buy out another party?

Can a 1031 exchange be used to buy out another owner of a residential rental property? Say two people own one rental house 50/50. There is no assumed business name, LLC or partnership. The deed has ...
13
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7answers
34k views

Should I become real estate agent to save on buying my own home and sell existing one?

I see cost to sell a home is at least 6% in commission and some expenses. I am planning to sell my $200K home and buy a new one of about $500K. Without arguing which party( buyer/seller) pays for the ...
2
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1answer
284 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 ...
2
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1answer
279 views

In a fixed mortgage, is the term the same as the amortization period?

From what I understand, the term is the length of time the mortgage agreement and interest rate will be in effect and the amortization period is the length of time it’d take to fully pay off the loan. ...
6
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4answers
4k views

Is it better to rent out the less equity I have?

Suppose I have a property with a certain amount of equity, with the rest on a mortgage, and I want to know if I should sell it or rent it out. I can think of three scenarios. I'm not considering ...

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