Questions tagged [real-estate]

A tag for questions on real estate or property.

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38 views

Money Transfer to UK

I bought a holiday apartment in Goa some years ago. I had an NRI account. The bank then changed it to an NRO savings account. I sold it three years ago and the money was paid into this account. I wish ...
1 vote
2 answers
111 views

Tax liability of living in a property that is owned by the company you work for

If the CEO of company A lives not-permenantly (1yr) in a property that is currently owned (mortgaged) by company A which they are an employee of, will there be a tax liability implied for said CEO ? ...
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0 votes
1 answer
59 views

How can we know the capital appreciation of property in an area? [closed]

Let's say I wanted to buy a property in a certain area, I want to know how much of appreciation I am expecting in the next 5 years. What are methods that one can determine the appreciation?
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1 vote
0 answers
50 views

Two year rule for excluding long term capital gains from the sale of my primary residence

I have two homes I live in equally. I travel between the two weekly. I spend 3 nights in one and 4 nights in the other and then flip that. Sometimes I stay a week to ten days in either of them at a ...
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4 votes
1 answer
195 views

Do I have to put 20% down on a condo so that I don't have to live in it for 1 year before renting it out to tenants?

I really want to purchase a condo and rent it out to tenants for some extra cash flow here in Queens, NY. I contacted a mortgage loan officer and he told me that I HAVE to put 20% down if I decide not ...
1 vote
1 answer
89 views

When doing a FSBO, do you usually offer a percentage of the sale for real estate agents to bring their clients?

When doing a FSBO, do you usually offer a percentage of the sale for real estate agents to bring their clients? I'm wondering of I should use a for-sale-by-owner (FSBO) site or just list my house in ...
  • 395
4 votes
1 answer
97 views

Which professionals should I work with for a 1031 exchange?

I know what a 1031 exchange is, and it's complex enough to know that I need help with it. The problem is I'm not sure who I need help from. My property I'm selling is about to start escrow and my ...
-1 votes
1 answer
140 views

Buy real estate without paying tax on earnings

I own an s-Corp doing computer programming. Annual revenue roughly 100k. It’s sitting in a bank account. Can my s-Corp use that money to buy assets(real estate) worth 100k and show 0 income for the ...
1 vote
1 answer
130 views

Paying commission to buyer who is a real estate agent

My listing agent found a buyer (her friend!) who is also a real estate agent. Is it ethical for this buyer (a real estate agent) to expect commission when she is buying my house? In this case, she is ...
2 votes
2 answers
146 views

earnest money and security when buying a house in Vancouver

I am in Vancouver and planning to buy a townhouse. There is approximately a difference of 2 months from the day I make the deposit to the closing day (which I see as the funding day). I am starting my ...
2 votes
1 answer
78 views

mortgage protection through term life insurance vs mortgage insurance

I hear that mortgage protection through term life insurance is an alternative to mortgage insurance. I am not making a 20% down payment so I believe I will need to get one of those. What are the pros ...
3 votes
1 answer
291 views

If a realtor buys a home for themselves, do that still get paid the buyer's agent premium, or is all the commission kept by the listing agent?

In my area, based on the Buyer Representation Agreement I have seen, Buyers Agents are paid from the listing agent ~2.5-3% of the sale price. If an agent is looking to buy for themselves, is this fee ...
2 votes
1 answer
352 views

Too good to be true, skill or luck? 25-year old "millionaire"

I came across this article on CNBC: https://www.cnbc.com/2020/02/28/budget-of-millennial-millionaire-who-saves-80percent-of-his-income.html This guy bought his first house at 23 by using his $19k in ...
0 votes
0 answers
46 views

Do new apartment complexes increase local property value?

I am a US citizen living in the US. I recently purchased a condo in Philadelphia. Within a 2 block radius of my property are a lot of vacant lots. In addition to new home/condo construction that has ...
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-1 votes
3 answers
247 views

Can I give away part of my land in hopes of getting lower property tax?

I found a house that I really like. It's relatively cheap with 3,4 acres of land. The reason why is cheaper is probably because it has high property tax. I was wondering if it's possible to give away ...
  • 1,199
24 votes
4 answers
7k views

Buying a house. Seller wants cash now and move only next year, renting same house in meantime

A relative of mine found a fantastic house on the market (Canada), evaluated 750k. He knew there were 3 other buyers making offers and he was entering a bidding war. He made an 800k offer and was the ...
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0 votes
2 answers
188 views

Is property tax assessed on real estate transaction fees as well (California)?

In California seller usually factors in many of the fees in the listing price, such as the seller and buyer agent fees. To best of my understanding these fees can amount to around 3% for each agent. ...
1 vote
2 answers
2k views

Moved out of my apartment. Can the rental company charge me for resurfacing the bathroom?

My spouse, daughter and I stayed in a rental apartment for 2 years and we recently moved out. Today I received a moving out statement from the rental company which mentions bathroom and bathtub ...
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2 votes
2 answers
260 views

Do Mineral Rights stay with the original land owner through death or can the current land owner retrieve them?

My husband and I are looking to purchase a hundred acre property in Western NY. The current owner says the original owner is receiving payment for gas mineral rights associated with the 100 acre ...
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0 votes
2 answers
230 views

For a risk-averse investor, is it ever justifiable to invest in real estate over an index fund?

Let's say I have a chunk of cash sufficient to cover a 50% down payment on an average house (£600k). Or, buy an inexpensive house outright. Let's also say I must use the money for real estate—I cannot ...
1 vote
2 answers
103 views

Capital gains and unable to claim it as my primary residence because I have to work from overseas

Is there a way for a partial exclusion in this situation: I left the US in 2016 to work from Istanbul, and still no end in sight as to how long I will be here. I have to sell the property (the only ...
2 votes
1 answer
887 views

Could we put less down-payment then what is on the offer we signed to the seller?

We originally made an offer with 90k down, but they countered and we accepted and want to do less now, 68k down payment to build a bathroom. We're in escrow right now. Will there be a problem with ...
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14 votes
1 answer
4k views

My broker brother-in-law and sister managed my father's stock and estimated million dollars disappeared before his passing [closed]

My broker brother-in-law and sister managed my father's stock. I know he made illegal trades and used my fathers account to buy sell trade to cover his purchases. He was fired from three companies for ...
1 vote
0 answers
99 views

Taxes on selling a house I rented

I paid $200,000 for a house in 2007. I lived there until 3 years ago, at which point I rented it out because the real estate market was not good. Now, it is able to be sold for $250,000 I understand ...
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0 votes
2 answers
68 views

When a company buys property, can it reduce tax to the point of achieving a net gain?

"‘Our main priority is to highlight the large number of empty buildings in London and to try to ensure they don’t go to waste when there are so many homeless people,’ Jed Miller, one of the anarchists ...
3 votes
3 answers
435 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%,...
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1 vote
0 answers
31 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 ...
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0 votes
2 answers
110 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 ...
  • 1,563
0 votes
0 answers
45 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
1 answer
86 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 ...
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1 vote
1 answer
71 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 ...
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1 vote
1 answer
76 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
1 answer
108 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
1 answer
114 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'...
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0 votes
2 answers
47 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
1 answer
252 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
1 answer
108 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, ...
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1 vote
0 answers
25 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 ...
  • 2,021
1 vote
2 answers
124 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 ...
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0 votes
0 answers
71 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 ...
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3 votes
0 answers
90 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 ...
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6 votes
4 answers
965 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 votes
1 answer
154 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 ...
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0 votes
1 answer
1k 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
1 answer
266 views

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

Hypothetical question: Jonathan and Anthony own a triplex 50-50. If Jonathan is currently living in 1 of the 3 apartments of a triplex, Anthony is living in the other apartment unit and they do Airbnb ...
12 votes
3 answers
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 ...
2 votes
0 answers
66 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, ...
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1 vote
1 answer
103 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
0 answers
240 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 ...
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1 vote
0 answers
74 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 ...
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