All about the world of real estate
What happens if I don’t depreciate my rental property? However, not depreciating your property will not save you from the tax – the IRS levies it on the depreciation that you should have claimed, whether or not you actually did. With this in mind, depreciating your property doesn’t hurt you when you sell it, but …
Can I do real estate on H1B? While you may be able to take the real estate exam, you certainly will not be able to practice as a real estate agent. H1B is very restricted, you can only work for one employer as long as you have H1B. Can you flip houses on H1B? 1. …
What is negligence in real estate? According to the dictionary, negligence is the “failure to exercise the care that a reasonably prudent person would exercise in like circumstances.” In a legal sense, negligence is different from fraud in that it lacks intent. Real estate licensees are fraudulent if they intentionally dupe or mislead a client. …
Are Realtors licensed in Mexico? Selling real estate in Mexico doesn’t require a license. The Association of Mexican Real Estate Professional (AMPI) is the primary real estate association in the country. The primary goal of AMPI is to bring an increased level of professionalism to property sales in the country. How much does a realtor …
What happens when you sell a house with negative equity? If you are a selling a property with negative equity, you will need to discuss the sale with your mortgage lender as you cannot sell the property at a price lower than the money you owe on it unless you have a mechanism to pay …
How much is tax declaration of real property? A: Remember that the RPT rate in Metro Manila is 2% and for provinces, it is 1%. To get the real property tax computation, use this formula: RPT = RPT rate x assessed value. Where can I find my tax declaration number Philippines? A Tax Declaration Number …
What do the best real estate agents have in common? What do successful real estate agents have in common?… They Understand Attitude Is Critical. … They’ve Honed Their Sales Skills and Continue To Improve This. … They Listen, BUILD TRUST and Develop Relationships. Why do real estate agents get 3%? Most listing agents work under …
Is it hard to buy a car after buying a house? Auto dealers and lenders also have credit standards and an approval process, but generally are more lenient than home-loan underwriters. You likely won’t have a problem buying a car after buying a house if you have good credit and cash left after buying your …
Should I include appliances in my rental property? One of the most common questions that many renters have is if landlords are required to provide appliances. The answer to this question is no. Landlords in California and across the United States are not required to provide appliances like washers, dryers and refrigerators. Can I depreciate …
Do you have to pay property taxes in India? Property tax in India is to be paid on “real property”, which includes land and improvements on the land, with the government appraising the monetary value of each such property and assessing the tax in proportion to its value. Who pays property tax in India? In …