New answers tagged real-estate
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UK resident selling a house in Italy
I don't think the UK has any formal concept of moving residency. Tax laws around residency are complicated but probably if you've been in the UK for more than half of each tax year HMRC would consider ...
- 27.2k
7
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Accepted
What property type should I select for a coop apartment mortgage application?
I cannot speak for better.com's specific policies, but this sounds like a condo to me.
A single-family property is a building* that houses one family; a multi-family property is an entire apartment ...
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What property type should I select for a coop apartment mortgage application?
When I reached out to the support team of one of these websites, I was told that the question about the property type is to confirm whether you will be using the property for residential or commercial/...
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Joint owned property 50% each. Can 50% rent be charged?
The property accumulates expenses and repairs, even if your sister is not willing to invest in repairs, you have every right to maintain it. By taking responsibility for "your half", you can ...
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What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
The timeline would look something like this:
Accept an offer on house 1
Withdraw from my IRA
Make an offer on house 2 with contingencies waived and a fully underwritten pre-approval from a lender
...
- 125k
5
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What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
You can do this, and people have done this before.
Main things to consider:
You can only do one indirect roll-over in 12 months period,
If you mess up on dates or amounts and miss the 60 days window ...
- 148k
12
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Joint owned property 50% each. Can 50% rent be charged?
united-states
"I want to ask for my 50% of rental income. Can I legally do that."
You can ask. But, you don't have a legal right to it.
Co-owners of real property have a right to occupy the ...
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22
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Joint owned property 50% each. Can 50% rent be charged?
I can't speak to the legality of forcing her to pay rent (it seems hard to do that when she partially owns the house). But I would definitely be frank with her that she is getting 100% of the benefit ...
- 124k
17
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Joint owned property 50% each. Can 50% rent be charged?
This should be an example to future readers on how just having a will and leaving assets which are not easily divided can create issues. No good can come of this type of situation.
As D Stanley ...
1
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Accepted
Form 1099-S issued in conjunction with 1031 like-kind exchange
The lawyer is correct. The 1099-S is issued by the entity that disburses the proceeds of the sale, and they send it to wherever you tell them to send (in your case - the 1031 intermediary). From their ...
- 148k
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Where to put an inheritance of $1.4 million upon first receiving it
First things first: you need to figure out how much you need for yourself. You said 10-15 years but what if you are "unlucky" enough to live another 25? What about long-term care? Also, ...
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Where to put an inheritance of $1.4 million upon first receiving it
Where you should put it in day 1 is in the bank, in an instant access account. Because you have to put it somewhere.
Then take financial advice on a well diversified investment portfolio. Any ...
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42
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Where to put an inheritance of $1.4 million upon first receiving it
Sometime in the next year, I will receive an inheritance of 1.2 to $1.4 million. I am concerned about the safety of money in a bank with threats to USD thanks to fiat vulnerability. I live in the ...
0
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Where to put an inheritance of $1.4 million upon first receiving it
If it were me I would invest almost all of it in publicly traded companies/S&P 500 index funds.
If I were you I would:
Find an FDIC insured savings account with at least 3.5% APY (they are pretty ...
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Where to put an inheritance of $1.4 million upon first receiving it
There are 2 takes on this:
Life is unique and you are already aged 75 (so immediately EOL).
You will not get another next life so use some of these money to live your remaining life the way you ...
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2
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Where to put an inheritance of $1.4 million upon first receiving it
The most direct way to protect against inflation (or "fiat vulnerability" as you put it) is to buy inflation-tracking securities. Other securities that reduce your exposure to inflation are ...
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Where to put an inheritance of $1.4 million upon first receiving it
No one knows the forward inflation rate. The six-month Treasury Bill is 5.09% annual rate. The most recent monthly CPI was 0.5% which could possibly suggest annual inflation of 6%. The six-month ...
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79
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Where to put an inheritance of $1.4 million upon first receiving it
If you have that much new money to invest, you really should be investing some of it in getting professional advice rather than asking the internet.
A good advisor (of one of the flavors that has a ...
- 36.9k
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Where to put an inheritance of $1.4 million upon first receiving it
To protect principal against inflation, US treasuries. (TIPS, IBonds, TBills, etc.)
To protect against sovereign default, gold bullion.
To grow your money with minimal risk, VTI.
To grow your money ...
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