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0 votes

Estate agents faking offers on a property

I would certainly take any statements about "we have another offer" cautiously. I don't know if there are any laws against falsely claiming that an offer exists, either in the UK or the US, ...
Jay's user avatar
  • 22.8k
1 vote

What happens when you don't pay your property taxes?

In Iowa I think it works like this (read here): The taxes are owed to the county There is an annual sale where people "bid" for the taxes. The "bid" is a percentage of ownership ...
Jason Goemaat's user avatar
1 vote

What happens when you don't pay your property taxes?

For Texas, the county tax appraisal district assesses the property taxes for all taxing entities (schools, cities, counties, utility and service districts), and after a property owner fails to pay ...
user15741's user avatar
  • 141
2 votes

What happens when you don't pay your property taxes?

Some states, such as Oregon, have a way to apply for deferral of property taxes. Someone who qualifies can continue to live there and have their back taxes taken out of the estate when they die.
Davislor's user avatar
  • 446
9 votes

What happens when you don't pay your property taxes?

Per your comment, this is one state's process. In Florida, property taxes are administered at the county level. While some money may go to the state or local jurisdictions, the county administers ...
Pete B.'s user avatar
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29 votes
Accepted

What happens when you don't pay your property taxes?

Property taxes are local not federal. You owe property taxes to the town, city, or county. What happens when you are late paying depends on your jurisdiction. The local procedures define the steps and ...
mhoran_psprep's user avatar
0 votes

Differences in Auction/Foreclosures/Foreclosure Auctions

There are basically three ways to sell a house: 1. The most common way is to hire a realtor and seek bids on the house. The first reasonable bid, you negotiate with the potential buyer until you ...
Jay's user avatar
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1 vote

"No obligation cash offer on your house" What is the risk

Assuming there really is no obligation, the only "risks" I see is that you will be suckered into a bad deal, and you will be added to a million mailing lists of people who fall for these ...
Jay's user avatar
  • 22.8k
21 votes
Accepted

"No obligation cash offer on your house" What is the risk

I'm just going through this process right now. I've already turned down two offers that claimed to be, "no obligation," one up front and the other after review by an attorney. The biggest ...
Stephan Samuel's user avatar
0 votes

Investment property turned LLC

In the US, for federal income tax purposes, single-member LLCs are treated as disregarded entities by default, unless the taxpayer elected otherwise. A disregarded entity's activities are fully ...
xuhdev's user avatar
  • 162
0 votes

Investment property turned LLC

In the US, LLCs are disregarded for tax purposes unless you explicitly chose to treat them as a corporation. If you did - then corporate rules apply, here I'll assume you didn't. You cannot deduct ...
littleadv's user avatar
  • 176k
34 votes

"No obligation cash offer on your house" What is the risk

The risk is that they mislead you about how good their offer is vs. other offers and use high-pressure-sales tactics to try to get you to sign. They are looking for people who are desperate enough for ...
keshlam's user avatar
  • 47.4k
0 votes

Differences in Auction/Foreclosures/Foreclosure Auctions

It depends on the area of the country. Even during the downturn, very few homes in my area went to auction that were foreclosed. Distressed properties are typically listed with a relator and may ...
Pete B.'s user avatar
  • 76.7k
1 vote

Differences in Auction/Foreclosures/Foreclosure Auctions

Auction is just a way to conduct a sale. Most real estate properties are sold through auctions, most of them closed auctions (your regular listings and bids). Foreclosure is a process of a lender ...
littleadv's user avatar
  • 176k
1 vote

Parents' house repairs and siblings future inheritance

england-and-wales If you make them a loan, you would be expecting to recoup your investment through repayments, or through the sale of the house later - either when they move or through probate. It is ...
user1908704's user avatar
8 votes

Parents' house repairs and siblings future inheritance

The easiest way would be giving a loan to the parents. Just make sure it is fine in such a way that the estate has to pay you back. If I was in place of the parents, I’d add generous interest to be ...
gnasher729's user avatar
  • 23.2k
5 votes

Parents' house repairs and siblings future inheritance

You can treat it the same way as investing in a company and change the inheritance split. Assume the house is presently worth £250,000 (you'll have to agree on a value or get a valuation done). You ...
user71659's user avatar
  • 3,644
13 votes

Parents' house repairs and siblings future inheritance

Is there a way to handle this fairly, so I can get back the value of my "investment" in the property? What's "fair" is whatever you both can agree to. If she wants you to pay for ...
D Stanley's user avatar
  • 136k
10 votes
Accepted

Is it better, financially, to invest in a property or in ETFs?

So in the end, A property is a good risk free investment and seems like real estate investment cannot go wrong No it's not "risk free" - you're just not evaluating the risks properly. What ...
D Stanley's user avatar
  • 136k

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