Questions tagged [real-estate]

A tag for questions on real estate or property.

Filter by
Sorted by
Tagged with
1
vote
1answer
81 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 ...
0
votes
0answers
49 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 ...
1
vote
3answers
136 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 ...
8
votes
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 ...
0
votes
0answers
21 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 $...
0
votes
0answers
165 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 ...
4
votes
1answer
367 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 ...
0
votes
1answer
64 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 (...
0
votes
1answer
41 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 ...
2
votes
2answers
103 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 ...
0
votes
1answer
77 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 ...
4
votes
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 ...
23
votes
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 ...
1
vote
2answers
192 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 ...
34
votes
5answers
8k 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 ...
52
votes
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, ...
1
vote
2answers
372 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, ...
1
vote
5answers
360 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 ...
0
votes
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 ...
1
vote
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 ...
1
vote
2answers
132 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 ...
-1
votes
2answers
122 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 ...
3
votes
4answers
259 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 ...
0
votes
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
votes
1answer
158 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 ...
2
votes
0answers
35 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 ...
39
votes
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 ...
6
votes
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 ...
2
votes
4answers
176 views

Condo HOA/maintainence fee versus upkeeping a house

How does the maintenance fee of a condo compare to up keeping a house where there is no maintenance fee. Does upkeeping a small/medium sized house cost less than the maintenance fee of buying a condo?...
0
votes
3answers
201 views

If I buy a property that has a home on it and subdivide the land and sell off the home for less than I bought it for, is that a capital loss?

I want to buy a home that sits on 1 acre for $1m (in the USA). I want to subdivide the land into two pieces and keep the new 0.5 acre parcel to build a home on for me. I have no interest in keeping ...
0
votes
1answer
127 views

Is it better to put money in stocks, bonds, and CDs than to buy a house? [closed]

Do all of these things either alone or together outpace the increase in value of a house?
6
votes
2answers
789 views

Do surviving homes' values tank after natural disasters?

After experiencing two flash floods in two years, I'm considering investing ~$2000 into modifying my yard's terrain, and building retaining walls, to keep flooding away from the home and vehicles, at ...
0
votes
2answers
125 views

Which is the better investment: real estate or stocks? [closed]

I get a better ROI with real estate but it is time intensive. Stocks take very little time but the ROI can vary wildly. Also, during a recession, the value of stocks can plummet but with real estate ...
0
votes
1answer
50 views

Partial 1031 exchange from home sale

My uncle and I are looking at selling a home we own in a trust. He would like to withdraw his portion of the net proceeds via a K1 and I would like to do a 1031 exchange with my portion. Is this ...
1
vote
5answers
302 views

Sibling Disagreement on Property for Mother

my sister would like to purchase a property for my ageing mother to live in. The property is $168K, she is putting $80K down (30 year fixed) leaving us with a $1K monthly payment (P&I, HOA, Taxes,...
2
votes
0answers
45 views

Is an American waterfall (distribution) ever preferable to a European waterfall for an LP?

Waterfalls outline how cashflow will be distributed between general partners and limited partners. In the European version, the GP (sponsors) do not receive carry until the LPs original investment is ...
0
votes
3answers
372 views

After paying off your home, could you sell it to a confidant for $1, then buy it back for $1 in order to get lower property taxes in CA?

In California, property taxes are based upon the price that you paid for your home. Would it be legal, or even feasible, that when you finally pay off your mortgage, that you sell your home to a ...
22
votes
6answers
5k views

Do house prices increase faster in HOA or non-HOA neighborhoods?

I’m trying to decide if buying a house with a homeowner's association (HOA) is worth the headaches. A lot of websites mention that HOAs maintain housing prices better but I couldn’t find any specific ...
3
votes
0answers
71 views

Selling apartment, what taxes do I have to pay?

If I understand the tax laws in Germany correctly, it is as follows: Case 1: If I owned the apartment at least 10 years I don't have to pay taxes if I sell at a higher price than I bought it. Case 2: ...
-1
votes
1answer
111 views

Percentage of homes bought in London for living in [closed]

I am investigating a possibility of buying a flat in London to live in. On Rightmove it is possible to see flats/homes that were recently sold, and often it looks like the price per number of square ...
0
votes
1answer
57 views

Capital Gains tax for Rental House

I have a rental house in Seattle that has been rented for 12 years and is values about $485K. We bought a house in North Carolina last September and didn't know about being able to roll the proceeds ...
1
vote
0answers
40 views

does the seller to a cash buyer in a real estate transaction need a Closing Protection Letter?

A Closing Protection Letter is apparently an insurance product costing between $25 and $100 which is supposed to protect the lender, buyer, and selling against mistakes and illegal actions such as ...
2
votes
0answers
53 views

What are the correct terms for a fixed payment with variable rate mortgage vs variable payment with variable rate mortgage?

What are the correct terms for a fixed payment with variable rate mortgage and variable payment with variable rate mortgage? I've read on some articles that a variable rate mortgage and adjustable ...
1
vote
1answer
27 views

Depreciation Basis on Purchased Commercial Foreclosure

I've hit a roadblock in my research on the use/abuse of TIFs. I've asked some professionals the below question, however, none were willing to answer or gave me conflicting answers. The question: What ...
2
votes
1answer
274 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. ...
0
votes
3answers
153 views

What is a land loan, is it different than a mortgage, and how?

From what I understand, a mortgage is a loan secured by real estate. Thus under this definition you should also be able to buy land (secured by the land). Is this true? If it is how come there are ...
4
votes
2answers
273 views

How are assets stripped before bankruptcy? [closed]

This New Yorker article says ...hedge funds and private equity have used leveraged buyouts to purchase chains like Sears and Toys R Us, and then stripped their assets, including real estate, en route ...
0
votes
1answer
53 views

Utah, USA - Best Option to Minimize Capital Gains on Real Estate Sale(s)

Scenario I bought a primary residence in Utah on 06/2020 RE in UT boomed (21% for my residence) and I'd like to sell Additionally I have property I've owned since 2007 I'd like to sell while the ...
1
vote
3answers
125 views

Trying to understand the difference in 2 scenarios of gifting property

I'm in the US. I have 2 different scenarios related to gifting of a property and I'm trying to understand why scenario 1 feels legal and scenario 2 feels illegal. I can't put my finger on the ...
1
vote
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 ...

1
2 3 4 5
22