Questions tagged [real-estate]

A tag for questions on real estate or property.

Filter by
Sorted by
Tagged with
8
votes
3answers
675 views

Pros & cons of renting out personal condo during my work hours?

I work 9 - 5 and during the daytime on weekdays, my expensive condo is rather empty. What are some good ideas that I can rent the space out to some artist/yoga teacher during the day and make a ...
2
votes
4answers
551 views

Investing in real estate when the stock market is high, investing in stocks when it's low?

I'm wondering as to whether or not the following investing strategy is viable: Invest in real estate when the stock market is high (i.e. it's been going up for numerous years, no recent large drops) ...
16
votes
9answers
1k views

Why can't house prices be out of tune with salaries

I have been arguing for years with my colleagues that having house prices go up 10% pr year and salaries only 3-4% means that we have less money, not more. They in turn say that its not a problem ...
12
votes
2answers
5k views

What are the risks in changing jobs during closing on a house?

I am working for CompanyX and my closing date on the house is on 18th August. I just now got a job offer from CompanyY and I have accepted it. My start date is August 29th. I dont want to jeopardize ...
4
votes
4answers
459 views

Is investing into real estate a good move for a risk-averse person at the moment

I am a risk-averse person and I usually keep most of my money in my bank account because I don't care for riskier options which might get me a little extra. During recent events and instabilities in ...
2
votes
4answers
24k views

How to locate a land survey for my house?

A prospective buyer of my house has requested a survey. I thought I could obtain a copy from the county courthouse. My agent told me our courthouse does not keep surveys. Questions: Who is the ...
9
votes
4answers
11k views

Why are monthly mortgage pre-payments applied to the back-end of the mortgage?

After having paid several years of 'extra' principal payment on my mortgage, I found that the extra monies were being applied the the 'back-end' of the mortgage instead of the 'front end'. The ...
13
votes
6answers
4k views

Buying a home with down payment from family as a “loan”

First time here, so please be gentle! I am thinking of buying a home, and have enough steady income to comfortably afford the monthly payment on the loan. However, I will need help with the down ...
7
votes
2answers
5k views

What if only one of two tenants signs a lease?

The title is a little misleading. Lease agreements tend to have multiple forms that need to be signed. In my case there was the actual lease agreement (with checkmarks next to many things that needed ...
7
votes
1answer
345 views

Rental Income and Expenses (Taxes)

My wife and I are thinking about purchasing a 2-unit building. We would live in one unit, and rent the other one out. The idea would be that down the road, we would convert the property to a single ...
44
votes
8answers
5k views

Should I buy a house with a friend?

To give some background, I currently live with a couple of friends in a 3 bedroom apartment. The living arrangement is good however I'm tired of not building equity. I've tossed the idea out for two ...
8
votes
1answer
234 views

Are “investment clubs” worth investing one's time in?

I've seen investment clubs that meet around my area (well, 50 miles from here). Some are generic and some focus on real estate investment. My questions: Is it worth attending the meetings for these ...
9
votes
4answers
768 views

How should we handle the house if it doesn't sell?

Us Selling our house, quitting our jobs, and moving from the US back to my home country. We have no debts, and that includes no mortgage. Both have good jobs. Location In an area of the US that is ...
5
votes
2answers
2k views

Discussing real estate appreciation: Compound vs. simple interest?

When people say real estate has appreciated 8 % over the past 5 years, do they mean 8 % compounded annually? or simple interest annually?
7
votes
2answers
374 views

What kind of credit rating hit can I expect if I short sell my house?

Like many others, my house has fallen in price so much that I now owe the bank over much more than I can sell it for between the first and second mortgage. I know that in my state (and many others) I ...
6
votes
4answers
2k views

Is there any truth to the saying '99% of the world's millionaires have become rich by doing real estate'?

What is the truth behind the saying '99% of the world's millionaires have become rich by doing real estate'? Do you know the original source of the statement?
11
votes
2answers
3k views

Setting up general ledger/tax reporting for a Real Estate Rental LLC in GnuCash

I have downloaded the GnuCash accounting software for use with our real-estate rental LLC, in hopes of following more universal accounting practices and determining our individual cash basis, but my ...
2
votes
1answer
8k views

Who is responsible for cost of fence repair between properties?

When a fence between two properties needs repair/replacement who is usually responsible for paying? Do both neighbors split it 50/50? What about installing new one? Do neighbors split the cost? ...
4
votes
3answers
4k views

Tax implications of buying the vacant lot next door?

I live in Green Bay, WI in a newer development. We built our house 2 years ago and houses are starting to go up around here. We want to buy the vacant lot next to us so we don't get any neighbors. ...
9
votes
4answers
362 views

Can I use Case Shiller values to find an optimal time to buy in a recovering housing market?

I live in the NW US. I've been considering buying a house for some time now. But the market value of a house has been on a downward trend for years. I thought that around October last year the market ...
6
votes
2answers
297 views

Are there Investable Real Estate Indices which track Geographical Locations?

At one time there were the Shiller Case indices. I don't know if they are around anymore
7
votes
3answers
158 views

How uniform is the decline in US property prices?

Obviously because of the global financial crisis, I've been hearing a lot about the US property market crash. I have a feeling something similar is waiting to happen in Australia so I would like to do ...
4
votes
1answer
74 views

What are the laws involved with residency requirements when it comes to purchasing real estate in Shanghai?

Please quote some examples from the laws imposed by the Chinese government, whether it's in English or Chinese (assuming there are a fair number of chinese readers here). Thanks in advance!
2
votes
2answers
131 views

Financial Responsibility for Tax Purposes

I am fully "financially responsible" for a property in the United States that is not in my name. I made arrangements with the previous owner to take over payments on the property and assume full ...
18
votes
6answers
4k views

Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do?

I've owned my home for close to 5 years and it's value is currently around $100k below my loan amount (according to zillow). I hate living here, and I've wanted to sell it for a long time. Today, ...
9
votes
4answers
525 views

What are the usual terms of a “rent with an option to buy” situation?

What are the usual terms of a "rent with an option to buy" situation? Is the selling price negotiated ahead of time? What does the renter potentially sacrifice except losing the equity of the rent?
15
votes
1answer
385 views

At what point did my former primary residence become an income property?

Last year we bought another house (and moved into it as our primary residence). Rather than sell our previous house, we opted to keep it and rent it out. Since the tax treatment for rentals is ...
2
votes
5answers
313 views

Is it a good investment for a foreigner to purchase a flat/apartment in China?

Is it a good investment for a foreigner to purchase a flat/apartment in China? Why, or why not?
3
votes
3answers
349 views

What are the rules for gifting for a couple when one is a U.S. citizen & the other a Canadian?

If one spouse is American and the other Canadian, what are the gifting rules for this couple? Is the couple still limited to 26,000 or can they specify that the American is gifting 13,000 and the ...
6
votes
2answers
427 views

Can buying REIT's be compared to investing in Real Estate?

I am currently renting an apartment, and investing a portion of my income in stocks and bonds (90/10). Part of my stock allocation contains REIT's. I have been saving to purchase a home (I have ...
4
votes
6answers
2k views

For a mortgage down-payment, what percentage is sensible?

In Australia, even after the global financial crisis, it's still common to only have 5-10% and some people even use other assets as collateral to borrow all 100%. I hear historically this has not been ...
4
votes
5answers
277 views

How do I create the illusion I don't have anything valuable, so thieves wouldn't want to steal from my home?

There's a question on DIY SE asking how to secure the house from intruders. One of the answers is to not have anything valuable or at least to not appear to. Can the illusion that a person doesn't ...
5
votes
2answers
177 views

Under which conditions does it make sense for a Canadian investor to put their mortgage in their RRSP?

Canada allows investors to use their retirement fundings (RRSPs) as part of a loan to themselves, which can fund the buying of a house. When does it make sense to take advantage of this?
5
votes
3answers
2k views

Is it better to purchase a condo or save more for retirement?

I rent and can't help but feel that I'm wasting my money. With the prices for condos so competitive currently, I'm wondering if it would make sense to stop contributing to my 403b and save up for a ...
10
votes
3answers
13k views

If a house is in foreclosure what does the bank own vs what the former owner owns

So we were having a discussion about what we would all do if we were unfortunate enough to have our homes go into foreclosure. I asserted that all the appliances and even window blinds would still be ...
6
votes
2answers
376 views

How much should I trust seller's expense and revenue data in evaluating multifamily real estate investment?

I am learning about investing in multifamily real estate (apartments). I understand some of the key figures for evaluating multifamily properties, such as CAP rate and cash-on-cash returns. All of ...
4
votes
2answers
532 views

Do other countries have the equivalent of Australia's Negative Gearing?

Negative Gearing is a feature of Australian taxation where losses from real estate or share investments can be offset against assessable income. In simple terms, the difference between rent, and ...
1
vote
2answers
151 views

Should I keep a price guarantee contract of a real estate now?

In 2005 I purchased a guarantee price contract for a real estate luxury apartment. This apartment is due to be finished in 2012 (7 years after). The price estimated price of a similar apartment in ...
5
votes
1answer
2k views

How would one find foreclosures in Canada, Newfoundland?

I am starting to look for a new home, and am wondering how one would find foreclosure in Newfoundland.
8
votes
4answers
1k views

How to calculate the total return on buying a home?

How to calculate the total return on buying a home, considering things such as : home value down payment constant mortgage payment (going from mostly interests at the beginning to mostly principal at ...
1
vote
2answers
126 views

Have house price growth exceeded rent yield in Australia in the last five years (2005 onwards)?

I started renting possibly about five years ago. I'm not sure if the rent price has gone up or down. I'm actually paying more then than I was now, but the place I am living in now is in the suburbs ...
2
votes
3answers
214 views

What governs the shape of price history graphs?

I think the price history graphs of speculative investments such as housing and gold look like a series of linked "u"s, ie sharp peaks and rounded troughs, while the graphs of less speculative ...
6
votes
6answers
1k views

What part of buying a house would make my net worth go down?

I've thinking about buying a house, and how that would affect my net worth. It seems to me that if out of pocket + debt = value then the transaction shouldn't affect my net worth in the short term. ...
5
votes
4answers
237 views

Is the Australian property market currently (late 2010) in a bubble?

I've been told that the Australian property market is more than 45% over valued, I've also heard arguments that there are justifications for this such as: increased rate of immigration, shortage of ...
22
votes
5answers
667 views

When is it better to rent and when is better buy in a certain property market?

I've been told the average rent for a house should be the house price, minus 3 zero's and that should be how much it should be a week, which I think works out to be about 5% of the house price per ...
3
votes
1answer
75 views

Source for information about Australia and U.S. real estate market rent-to-price ratios?

Would like to make a comparison between the two markets, in particular during the global financial crisis.
2
votes
2answers
907 views

What should I consider when buying land as an Investment in Ontario, Canada?

I was bored the other day so I was looking through the real estate listings up in Cottage Country. I noticed a plot of 4 acres of land for sale for $30,000. I was wondering what one should consider ...
5
votes
5answers
1k views

Malaysian real estate: How to know if the market is overheated or in a bubble?

I'm living in Malaysia, around Klang Valley. One thing I notice is that the housing price keeps on increasing and increasing and increasing ( just my perception, no data to backup my point), with no ...
2
votes
3answers
470 views

What's the best time of a year to buy a car or a house in Canada?

Are there any months where car or house prices usually drop in Canada? Is the difference noticeable enough to justify the waiting?
2
votes
1answer
351 views

Can I refinance a rental property that is currently only 75% loan to value?

I have two separate rental properties that each have a LTV of about 75%. I'd like to leverage these properties to buy another investment or rental property so I am considering refinancing with cash ...