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| i am looking at purchase of redondo prop, at 830k, and can live there up to the 10 yr point if nesc. what are the good aspects? the bad? who can i get the best, legitimate rate to compare from? my ... |
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| Is there a UK website where I can advertise my house for sale on the internet for free? Ideally I would like to include photographs too.... |
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 How nessesary is it to get a mortgage pre-approval if it is not your first home buying? |
| Our house is for sale and we want to start looking for a new one. I know 1st time buyers should get a mortgage pre-approval before looking at houses, But if this isn't our 1st house, how ... |
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 Can I still sell my house if I have a mortgage? |
| I bought a house a couple years ago for $213000...it was appraised at $215000...we have two mortgages to cover the whole $213000...If we were to sell our house for $210000(housing costs have actually ... |
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 Real Estate Question? |
I have 48 acres located in Webster County West Virginia. 46 acres are timber, and 2 are field. I own the Oil, and Gas rights on this property.
I've been trying to sell this land for ... |
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 HELP!!!! I just signed a month to month lease, the apartment is terrible. How do I put in my notice to vacate? |
Wait till my next rent payment or turn in as early as now?
The apartment was not ready to move into when the first told me it was and rented to me. I had at most luke warm water for the ... |
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| My husband and I recently put an offer in on a house. The realtor that we used is really rubbing me the wrong way! The market here is VERY slow and he is overly desperate for the commission which I ... |
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 Can my rent be raised if I am in a lease.? |
If the owner of the shopping center sells his property can the new owner raise my rent or make me leave to tear the building down?
Additional Details
The building hasnt been sold yet but ... |
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| i wish to purchase the property which i have just started renting, can any percentage of the rent be put towards my deposit from my ... |
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the grass is dead in the summer. weeds grow up the sides of the house and over the sidewalk.
Not all houses, but most of them.
Don't they have pride in their property?... |
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Gagandeep S | If i refinance and take money out is that capital gain? |
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Alohanui
|
I need to understand the question before I can give you an
intelligent answer. I am assuming you now own a piece of
property? And you intend to refinance it? And if you get
the $$$ you need, lets say $100,000. Would that money be
considered a capital gain.?
Answer: No It does not fit the definition of a capital gain. Why:?
Lets say you bought a house at $85.000. and prices skyrocketed. You sold this house at $250,000. Then the
amount of increase, or $60,000 would be considered capital
gain. Most states do require a tax on the gain, BUT there
is a liberal leeway before being taxable. Here in Cal.
I believe its all profits over $150,000. Please some Acct
out there, tell me if these figures are wrong. |
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EmmaHersh
|
No. Capital gains are only taken from the PROFIT when you sell your house but as long as you have lived in it for 2 years you are exempt from $250,000 of profit. $500,000 for a married couple. |
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george 2
|
no |
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insureman613
|
No, since you now owe the money on a loan, it is interest free. If you are going to refi, you should try to apply with eloan, they will do the best job with it. They have a promotion now, If you use this link http://www.tkqlhce.com/click-2177451-10427742 they will waive the lender fees. |
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crazy b
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no its considered borrowed money, because your loan will be higher than your balance owed on previous mortgage,you can roll over fees into mortgage if your income allows it. |
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John's Secret Identity™
|
No, that's taking a loan. |
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ShaneMortgage
|
It isn't capital gain until you sell the property. |
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kurticus1024
 |
nope, not for long anyway
most people don't count it that way, including accountants and the IRS |
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Clinton S
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To answer your question, No that is not capital gain. If you currently own a home with a 1st mortgage and your property value has appreciated and you now wish to take a 2nd loan that is considered a Home Equity Loan. Usually most lenders will not let the 1st and 2nd mortgage exceed 100% of the appraised value. Hope this helps.
Clinton Shepherd
Wachovia Home Loans |
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