Questions tagged [real-estate]

A tag for questions on real estate or property.

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1
vote
1answer
79 views

How to properly account for a leased property where the tenant has the option to buy

I'm the personal representative of an estate with a situation like the following: Property with tax assessment of $100,000 Tenant with a multi-year lease for the property with a total "lease fee" of $...
1
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4answers
655 views

How risky is it financially to emigrate to a different country?

My situation: I am 31 years old. I live in the UK and have been a software developer for 5 years (but only 1 year in a really challenging, full stack position). I own a house. I have a fair amount of ...
-3
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0answers
40 views

What is the role of Real Estate Broker? [duplicate]

I asked earlier but I guess was not clear enough. Please don't tell that one cannot get Real Estate Agent exam. In past I have taken enough exams( honestly) without being an expert. So getting through ...
-2
votes
1answer
264 views

Can you retire when owning 3 or 4 houses, and what if you still have to pay mortgage on some of them?

I did some calculations before, and found out if a person own 3 or 4 houses, townhouses, or condos, then the person can probably retire. That's including living in one house, and getting rent from 2 ...
1
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0answers
42 views

How would investing in real estate (REIT or similar) affect my tax situation in the U.S.?

My wife and I are in our 30s and bought our first house this past year. We don't expect to have enough money to buy a rental property or another house in the foreseeable future, but we are ...
9
votes
5answers
1k 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 ...
5
votes
4answers
2k views

Is an inspection contingency with “no money back” wasted verbiage?

We are the sellers. Our contract explicitly states 2 things: The Buyers can back out based on the inspection and receive earnest money back. Sellers will not provide money back at closing, or make ...
1
vote
4answers
185 views

Co-ownership on house

Five years ago I found a house I wanted to buy. I had a full-time job and saved enough money for the down payment. I went to see about getting a loan and I was told that my income alone was not ...
0
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1answer
253 views

Lost $100k (paper) money on property subdivision project. What should be my next step?

I had the misfortune of working with a shady project manager for my first property subdivision project (1 property into 3). The development contract with him was for him to organise and supervise the ...
2
votes
1answer
79 views

How can I compensate a new owner for a special assessment without incurring income tax?

The dwelling in question is a Townhouse in Boulder County, Colorado I was the owner of a dwelling in Colorado when a fairly bad hail storm hit this last Summer. I received notice that there would ...
0
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0answers
70 views

Anything to know before selling a Lease back to the freeholder

We're about to sell our leasehold, ex-council property back to the council, i.e. back to the freeholder of the lease. Is there anything we should know about beforehand? Should we expect this to be ...
1
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3answers
125 views

Who normally attends a residential real estate closing in the US?

For a standard mortgage closing, what parties are usually in attendance for the final walkthrough and closing event?
3
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4answers
5k views

Home rebuild and demolish

I own a half acre in a very convenient and lucrative area and have for years now. I still owe on my mortgage and my home is in good condition. My family is quickly outgrowing it. The home builders ...
2
votes
3answers
2k views

Are there tax benefits in the U.S. for buying a first house? [duplicate]

Does a mortgaged home purchase impact your federal U.S. tax return in any way?
1
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2answers
91 views

Can a house appraisal impact my mortgage loan?

Purchasing my first home and had to go over asking price due to competing offers. What's the likelihood that the appraisal will come in under the purchase price, thus complicating my mortgage ...
2
votes
2answers
122 views

Would adding artificial turf to my rooftop patio increase the value of my home? [closed]

I know there are many ways of increasing the value of home; redoing flooring, replacing old HVAC systems, adding in smart security systems, etc... My house is brand new construction so there isn't ...
2
votes
1answer
212 views

I plan to cash out my entire 401k within 2 years, should I maximize my contributions or should I minimize them and invest in money market/index funds?

I have a serious medical issue that makes collecting my 401k benefit a near impossibility. I have about 20k saved up in my 401k and we’ll call it $60k in the market mostly in index funds/ETFs. I ...
2
votes
3answers
188 views

Two realtors estimating different price ranges

I'm looking into investing into a specific apartment. It hasn't been publicly listed as for sale yet, I just happen to know the current owner. The owner asked me to do my own research and make him an ...
2
votes
2answers
295 views

Along the path of buying the first, second, and third house. Should I rent one myself?

If I have 2 houses, and rent out both of them for $4,000 each, then the bank will take into account the rental income of $8,000. But if I live in one and rent out the other, the bank only accounts ...
2
votes
0answers
123 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
votes
3answers
464 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 ...
1
vote
1answer
46 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
votes
1answer
172 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 ...
0
votes
1answer
71 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
votes
2answers
161 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
110 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 ...
1
vote
2answers
206 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
votes
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
votes
1answer
59 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
votes
1answer
82 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
votes
2answers
368 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
votes
3answers
259 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
votes
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
votes
1answer
107 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
votes
1answer
345 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
votes
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
votes
0answers
88 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
votes
1answer
44 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 ...
0
votes
2answers
138 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
votes
1answer
232 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
votes
1answer
91 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
votes
1answer
125 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) ...
1
vote
2answers
477 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 ...
0
votes
2answers
136 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
vote
1answer
103 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, ...
1
vote
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
votes
5answers
293 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
votes
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
votes
19answers
14k 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
votes
1answer
184 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 ...