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Questions tagged [real-estate]

A tag for questions on real estate or property.

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6
votes
1answer
123 views

Can I take a loan against my building to reinvest in my business?

I own my business building, it is a restaurant. It is worth about $400,000. I have average credit. Can I use my building to take out a loan to reinvest in my business? How easy is the process if yes?
6
votes
1answer
228 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 ...
6
votes
2answers
278 views

Is a “primary residence” the property or the structure itself for real estate sale tax purposes?

If I build a new house on a property, will that qualify for the capital gains exclusion on a sale of primary residence? For example, let's say I buy either an empty piece of land or one with a house ...
5
votes
5answers
1k views

Merits of buying apartment houses and renting them

Here is my situation: I am not a U.S. citizen but I am studying here under F-1 visa. My plan is to buy 3-4 apartment houses and rent them. I am not planning to apply for a mortgage and the payment ...
5
votes
1answer
2k views

What risks am I taking if my well-off close friend is asking to use my credit to flip a property?

I have very good credit that I've worked hard to obtain. My friend has flipped a few properties and made some good money doing so. He wants to pay me a fee along with any taxes I'll endure if I put a ...
5
votes
4answers
7k views

Can rent be added to your salary when applying for a mortgage?

I'm interested to know whether mortgages in the UK are ever given by taking into account any rent that the owner may acquire, rather than simply the owner's salary. My understanding of standard ...
5
votes
3answers
2k views

My broker is dragging his feet. Can I contact the realtor directly?

I had a home inspection done about a month ago. The results from that inspection revealed problems with the roof and ac unit. After the inspection I asked for my broker to contact the sellers to ask ...
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 ...
5
votes
6answers
270 views

How can I save on closing costs when buying a home?

A quick google search shows that closing costs on a home end up being around 2-5% of the purchase price of a home, which adds up to thousands of dollars. Assuming I'm willing to do my homework and I'm ...
5
votes
2answers
1k views

What are the pros and cons of buying a house using an FHA loan?

My wife and I are considering buying a house. Recently a friend told us they put down a really small amount to buy a house. We found out later that it was through the FHA. I'm a freelancer and my ...
5
votes
1answer
704 views

Too good to be true raffle

There's a raffle here which seems too good to be true: https://www.winapetloversdream.com.au/ It's a $59 entry fee for a $1m+ prize. I am particularly suspicious because there are no T&Cs ...
5
votes
3answers
372 views

How can a REIT fund grow when it has to distribute 90% of their taxable income?

You can't grow that much if you invest only 10% of what's left after dividends
5
votes
2answers
4k views

Withdrawing $10,000 from two IRA accounts for first time home buyer expenses

I am married and looking to buy my first home. I am planning on withdrawing around, but not more than, $20,000 for use as a down payment. There are two IRA accounts under my name, both opened by me. ...
5
votes
3answers
23k views

Is buying a townhouse as a “starter home” a bad idea?

My wife and I are looking for our first home. We live in a somewhat high-cost area of the Northeast, so most of the houses we see in our price range need a lot of work or are in bad school districts ...
5
votes
1answer
326 views

How to establish--many years later--the fair market value of real estate on the day someone died?

The home passed to an heir in 2012. The heir did not have the home appraised at that time. The heir died in 2017 and the home was sold in 2018. How do you establish the FMV in 2012? Notes If the ...
5
votes
5answers
494 views

Expecting to move in five years; how to lock mortgage rates?

I currently own a house with an ARM loan (with ~5 years left before it starts floating). I expect to move out in five years and would want to purchase another house and thus would be getting another ...
5
votes
2answers
119 views

Purchasing a home using collateral

I am inheriting 50% of a home (entirely paid off) appraised at $60,000 and am wanting to purchase a home for about $75,000. Can I use the first home as collateral to purchase the second home or to use ...
5
votes
3answers
1k views

Assessed value of my house

I received a letter from the county tax assessor. It gave me the total appraised value $188,000. I purchased it on Sept, 2008. The price was 216,000. I am shocked at such a big difference. I use [...
5
votes
3answers
2k views

Why is mortgage interest deductible in the USA for a house you live in?

In Australia, if you have a mortgage on the house you live in the interest and other expenses are not tax deductible, unless you rent out one or some of the rooms or run a business from your home, in ...
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 ...
5
votes
2answers
679 views

Unethical, Illegal, or Business as usual? When negotiating a Mortgage Contract, can details of open Contracts on comparable properties be disclosed?

I'm currently negotiating a contract for a home via my agent and a listing agent. As part of the negotiations, the listing agent has disclosed details of another contract that his colleague is the ...
5
votes
3answers
4k views

Should I buy my house from my landlord?

The situation This is a specific situation, but hopefully the general themes of the question will be helpful to others. I read the question at In general, is it financially better to buy or to rent ...
5
votes
1answer
6k views

Construction loans - when do payments begin?

For the sake of round numbers, consider this scenario: $300,000 land purchase $700,000 cost to build a home $200,000 down payment Figure building the home will take 1 year. My question is, for ...
5
votes
2answers
441 views

How can I find a bank willing to provide a mortgage on a house affected by Japanese knotweed? (UK)

How can I find a U.K. bank that would consider providing a residential mortgage on a property affected by Japanese knotweed? The problem is fairly minor and is under control. If you've been able to ...
5
votes
4answers
565 views

Should I start investing in property with $10,000 deposit and $35,000 annual wage

I am a 23 year old Australian man with a degree in computer science and a steady job from home working as a web developer. After expenses I have about $1000 a month spare cash if I am careful with my ...
5
votes
3answers
1k views

Is there a formula to use to analyse whether an investment property is a good investment?

How do I determine the real cost of buying an investment property over time considering rent, interest, expenses and capital gain? I know there are many factors at play but is there a generic ...
5
votes
1answer
193 views

How do secured loans get paid off when selling the asset?

I own a home in California (as tenants in common) with two siblings. My brother took out a loan using the house as collateral. When we sell the house, does the loan get repaid first, or do I get my 1/...
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?
5
votes
4answers
236 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 ...
5
votes
3answers
450 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 ...
5
votes
3answers
382 views

Can I purchase a 2 bedroom Philadelphia condo, live in one room, and rent the other?

I am in the process of purchasing a condo in North Philadelphia. The situation is great and my offer has been accepted. I received Condo Association documents to review and have 4 days left to review ...
5
votes
3answers
206 views

Extended family investment or pay debt and save

I'm 25 and my wife is 24. My extended family is about to start a new investment fund, where every member basically contributes an amount between $50-$100 (amount per person) monthly. The purpose is to ...
5
votes
1answer
1k views

Can I put what I earn from the sale of my house in the bank?

I bought my house for $247K in 2000 but refinanced and now owe $300K. I've also put in at least $12K in upgrades. I can probably sell the house for $450K, for a profit of $150K. Should I quickly ...
5
votes
2answers
423 views

Working with Real Estate Agents

So first off I have worked with about 10 real estate agents over the past year or so. I find most of them are quite horrible. You explain what you want and they either don't call you back or show ...
5
votes
3answers
997 views

Walking away from an FHA loan

I'm currently looking into the idea of buying a multi-family home in Brooklyn via an FHA loan. FHA loans seemed like they could take some of the risk away of putting down 20% (i.e. a high % of all my ...
5
votes
1answer
2k views

Tax implications for buying property in another country

Are there are tax implications for buying an apartment in another country (as a US resident with Green Card)? Does the IRS require to pay taxes in the country in which you live or do you pay property ...
5
votes
3answers
1k views

How can I challenge or confirm a shady home appraisal?

I just built a new home and am finishing up the loan process. In the initial paperwork, the purchase price of the home was supposed to be 270k, but due to additions I wanted it ended up being around ...
5
votes
3answers
1k views

Can I check multiple lenders for mortgage rates, via preapproval, and have it only count as one hard inquiry on my credit?

Note: This applies to the State of New York (the NYC metro area), in the United States. I'm shopping around for mortgage rates. I'm not sure if I have to get a preapproval mortgage to get their ...
5
votes
2answers
110 views

What are the tax implications of improvements to a home that's not primary residence?

How are expenses related to fixing up an investment property treated? Are they deductible? What is a qualified expense? Are they deductible from income, or only used to offset capital gains? USA rules,...
5
votes
1answer
832 views

Should I sell the home in 2014 or continue to rent it out?

The home was bought in Dec. 2010, and we lived there from Dec. 2010 to Jan. 2013. It's been a rental property since Feb. 2013, when we moved into a rental home to be closer to work (about 30 miles ...
5
votes
4answers
373 views

Are real estate prices memory-less?

Stock prices are claimed by some/most to be "memory-less" - there is no evident correlation between past performance of a stock, to its future performance. Do real estate prices exhibit similar ...
5
votes
2answers
539 views

REIT versus real estate: total yearly returns (when accounting for leverage)

Recently, I saw an article arguing that REITs performed better than traditional real estate (RE) in terms of total returns: Jussi Askola, Don't buy real estate, buy REITs instead, Seeking Alpha, ...
5
votes
1answer
438 views

How should I calculate property value at remortgage?

Purchased a house (in the UK) with a 2 year fixed mortgage. When it comes to remortgaging, how is the property value calculated? Can I have any input into this, or is it done on "drive-by valuation"? ...
5
votes
1answer
112 views

What can I do about a company in part of real estate transaction refusing to do work?

I recently bought a house. The seller agreed to give me a check to company of my choice for work I wanted done to the house. My father recommended a company to me. I had them come look at the house ...
5
votes
1answer
1k views

How can I save LLC fees when investing in Arizona real estate from California

My sister, brother and I (who live in California) want to invest our money in Arizona real estate. We would like to hold the property in an LLC for liability reasons, and we would really like that LLC ...
5
votes
2answers
161 views

My wife and I are selling a house worth $230k-$260k. Its a rental. Should we use an agent, limited service listing agent, or FSBO?

Reasonable expected sale price $245,000. Traditional Agent: Fee = 6% = $14,700. High energy agent who is very familiar with the neighborhood and market Limited service agent (Duffy Realty type): Fee ...
5
votes
1answer
8k views

Estate agents faking offers on a property

I was recently viewing a property to buy in England, with an asking price of £400k. On the day of the viewing, but before my appointment, the estate agent informed me that two offers had already been ...
5
votes
1answer
2k views

Buying out a sibling's portion of inherited real estate

Sorry, this is a bit long, so I won't blame you if you skip down to the dilemmas & questions at the bottom due to TL;DR The backstory: About 15 years ago my siblings and I inherited several ...
5
votes
1answer
125 views

Complications dividing real estate for a married couple vs unmarried

What complications should be expected when an unmarried couple's relationship fails after they have purchased a house together? How does this situation compare to that of a married couple?
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?