Questions tagged [real-estate]

A tag for questions on real estate or property.

Filter by
Sorted by
Tagged with
3
votes
2answers
311 views

Is it better to have a higher value house on lower value land or vice versa?

I, US citizen with a single family home in Philadelphia, was doing a bit of investigating regarding my property taxes. My home was purchased for $400k. At the Philadelphia property tax rate of 1.399%,...
0
votes
0answers
30 views

selling vs renting [duplicate]

This is a rather broad question, but I am torn. I inherited a townhouse from a relative. Does anyone have any insight into the long term value of selling vs renting? (I'm handy, computer competent, ...
1
vote
0answers
27 views

Year End Taxes for Property Sale

My grandmother & grandfather (who are now divorced if that matters) purchased a 5 acre lot in Texas in the 1980's for $30,000. In 2017 my grandmother signed her portion of the deed over to me and ...
0
votes
2answers
93 views

When we retire and take out the 401(k) and IRA money to buy a house, are we subject to a big portion of tax?

Say, when we get to the age of 65 or 67, and retire, and we take out most of the 401(k) and IRA money, if luckily they can grow to $1,000,000 to buy a second house, all at once, will we be subject to ...
0
votes
0answers
32 views

Profit sharing after a property has been sold

my cousin and l jointly owned a property which we have just sold. There was an outstanding balance of 20,000 on the mortgage as at when we sold. The ownership is 50/50. Do l deduct the balance ...
4
votes
1answer
78 views

If Residential Real Estate Isn't Falling, Why Are ETF Funds Falling? [closed]

In most cities, residential real estate prices are not down more than 20% (varies). Also, some people are being paid a thousand or more in relief, so they may not need to sell, but can stay in their ...
1
vote
1answer
50 views

Property owned by a child “A” and a parent (50/50), gifting child “A” 50% interest to a parent

My mother and my sister co-own an apartment. My sister wants to gift all of her interest to my mother. On my mother's will, I am sole beneficiary. After my mother's passing, what is my capital tax ...
1
vote
1answer
68 views

Legal constraints on real estate loans to family members

I'd like to "refinance" the remainder of my home loan with my parents, meaning, they would pay off the remainder of my loan, and I would pay them an agreed-upon interest rate for an agreed-upon time. ...
0
votes
1answer
58 views

How to calculate a loan constant payment (like PMT) but extra double paying (without interest) twice a year

This is my first post in this community, already tried to find my answer, and didn't succeed :(. I'm working a way to understand the formula behind a loan that allows the client to extra pay the same ...
1
vote
1answer
94 views

Is it time to sell my small investment property?

In 2014 I bought a small single residence fully paid for $96,078.43 that is currently about $153,203. After selling it (assuming that I can find a buyer for that price), after all taxes and expenses I'...
0
votes
2answers
36 views

Determining % based property appreciation

Let's say I bought a real estate for $500000 in the year 2020 and is forecasted to appreciate at a rate of 5% per annum. Given the full loan years of 30 years, at the end of 2045, the house price will ...
0
votes
1answer
81 views

What are potential downsides of asking back half of my rental deposit from the landlord?

I rented an apartment about 2.5 years ago. During this time, I was still a student and the landlord considered my income situation to not be entirely stable, so he asked me for twice the original ...
0
votes
0answers
20 views

Cost Seg Study After Quit Claim

I had a cost segregation study done on a property that I owned by myself in 2019. This year I’m quitclaiming into a partnership (myself and one other person). Does the depreciation schedule for our ...
0
votes
1answer
91 views

Sell or keep property just purchased

I bought a house with 2 units in Switzerland recently for $750k mainly for rental income and long term security. The house returns $29,000/annum brutto rental and after deducting interest, ...
1
vote
0answers
21 views

How to assess a price for splitting a Freehold

I've just bought the freehold of a property. More specifically... The property is a 3-storey House, with a 2-storey maisonette on the first 2 floors, and a separate flat on the top floor. The ...
1
vote
2answers
114 views

Do I have to pay city “fees and fines” if I buy a foreclosed property?

I am looking at a foreclosed property in NYC that has $320,000 in charges from a 2017 city tax bill. In 2016 there was a house there and then afterwards there wasn't so I guess the city demolished the ...
0
votes
0answers
68 views

Gifts of equity

I am buying my brothers house for the remainder of the mortgage which is $60,000. The value house is valued at $125,000. Is there a tax or fine on the $65,000 of equity or can he gift it without any ...
3
votes
0answers
77 views

In general, does “the market” prefer or dislike bottom-floor apartments/flats?

I can see both many pros and many cons of living in a bottom-floor apartment, as opposed to one on any other level/floor. I'm undecided myself, actually. However, I'm asking about what the general ...
5
votes
4answers
797 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. ...
1
vote
0answers
49 views

What are the easy financing options available for down payment on home loan or how can I take loan to pay for the home loan down payment? [closed]

Can I get a loan or is any other lending/financing option available to arrange funds in order to pay for the down payment amount for the home loan.
3
votes
1answer
109 views

Will old owner's title insurance be valid on refinance?

I was wondering: if I refinance my home, will I need a new owner's title insurance, or will the previous title insurance still be valid? I suppose the new lender will require new lender's title ...
0
votes
1answer
111 views

Does Germany has a Tax law similar to Like-kind exchange ( section 1031 of IRS in US)?

I am 24 year old software developer living in Germany. I am an expat here and I am about to receive my permanent residence (Niederlassungserlaubnis) in a year. I am very interested in investments ...
1
vote
1answer
117 views

Triplex - Joint Property with my brother - 50/50 Investment - I am moving out

I have an unusual case I was hoping someone could shed some light on. I bought a triplex with my brother a few years ago. Up to date we've both put in a substantial amount of money including mortgage ...
12
votes
3answers
6k views

What should I pay buyer's realtor when selling without an agent?

I'm planning on selling my house FSBO. I live in a very seller-friendly market in West Michigan. I have not listed my house yet and already some people have found out (through word of mouth) that I'm ...
1
vote
0answers
51 views

Property conundrum - UK vs Australia

I'm an Australian living in the UK and have been here for 5 years. I've saved up lump sums on both sides of the world. They are both enough to put forward towards a deposit on a property. Currently, ...
1
vote
0answers
552 views

Should I buy a new house now the coronavirus is breaking out? [closed]

Just looking for some advice on whether the conclusions I have come to are sound. I live in the UK. In November (pre-virus) a house came on the market in an area my partner and I really like, a ...
0
votes
0answers
28 views

Re-leveraging an investment property vs 1031 reverse exchange

Is it shady / an issue or typical and accepted to refinance a property to the max just before selling it and performing a 1031 exchange? Is this considered a taxable event (have to pay taxes on the ...
1
vote
1answer
93 views

How does the “Subdividing Tax Lots” scheme work?

In an article that broke today, a Manhattan developer was charged with "subdividing tax lots" in order to get around zoning laws limiting the height of a skyscraper. What does it mean to subdivide a ...
4
votes
0answers
188 views

How long must I wait after buying a property to rent it out?

I bought a place as a first time buyer without mortgage. Consequently I paid a 3% stamp duty. Due to certain circumstances, I will have to rent it out. I would like to know how long before I could ...
1
vote
0answers
62 views

Are property taxes prorated per quarter or per fiscal year at closing?

We just closed on a property last week, and were surprised to see that property taxes were prorated for only the quarter in which the closing happened (Q3), and not for the full fiscal year. Our ...
0
votes
0answers
35 views

What is the tax benefit for homesteading in Minnesota?

When closing on my new home in Minnesota, I was told to submit a homesteading form to claim a tax benefit. Does this help lower my property tax bill or is it related to state income tax? Details are ...
37
votes
4answers
14k views

What happens if you can't pay at an auction?

Based on this question about wholesaling homes - what happens if somebody purchases a home at auction, places their down-payment, cannot find a buyer, and backs out of the auction? I'm assuming they ...
27
votes
5answers
11k views

Buy house with down payment, no loan, sell instantly

I just read Rich Dad Poor Dad, and I have no idea about mortgages, loans or real estate. The author of the book describes a scenario in which a property is found for a cheap price (auction in this ...
7
votes
1answer
2k views

What is the typical compounding/amortized period on US mortgage loans

In a different question it is stated that Mortgages are compounded .. 12 times a year in the USA Is this true or just applicable to that question? I am looking at a site where it explains how to ...
0
votes
0answers
45 views

How will I be taxed on a partial 1031 exchange?

I'm looking to execute a 1031 exchange (in USA) but not on the entire amount of the sale. For example say that I bought a property for $200k with $100k mortgage and I sell it for $300k. Ignoring ...
1
vote
3answers
83 views

Present value of perpetual GROWING periodic payments

There are multiple sites that post a formula for the present value (PV) of a perpetual EQUAL periodic payment: PV = a / ((1 + i)^t - 1) where a (in $) is the value of the periodic payment, and t (in ...
0
votes
1answer
135 views

Can seller backout of their counter offer after buyer accepts

Situation my son is in. He made an offer, then the seller countered. He countered again, they countered back. He accepted their counter. Now they don't want to do it, and may have sold the house to ...
-2
votes
1answer
95 views

Is there a general rule on how to most efficiently purchase rental properties? [closed]

The way I see it, there are two general options to acquiring a slew of rental properties. Save up for 20% down, and then buy as a pure rental property. Put <20% down, live in it for a year (while ...
2
votes
2answers
299 views

55+ communities bulding in Florida

I'm a non US citizen; my father and I are looking to invest in an apartment in Florida. I have found 55+ communities that are on our price range. But I’m not 55. Can people under 55 live in a 55+ ...
23
votes
6answers
13k views

My (buyer's) agent is the seller's agent for the house I want

My wife and I have been looking for houses for a few months through an agent who was recommended by a friend. We've mostly found houses by ourselves and Zillow and had him organize walk-throughs, ...
1
vote
2answers
151 views

UK - letting agency / landlord responsibility to provide documentation for a heating system

This question is based on renting a property via a letting agent in the United Kingdom. I am renting a small flat as I've sold one house and am considering my options before purchasing another. I ...
1
vote
2answers
124 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
vote
4answers
695 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 ...
-2
votes
1answer
382 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
vote
0answers
49 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
6answers
4k 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
201 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
votes
1answer
271 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
103 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 ...

1
2 3 4 5
19