Real Estate

The indexed value of flat sale price on which tax is payable, comes to Rs.1600000. I want to invest about 10 lakhs in real estate and pay capital gains tax of 20% on balance 600000. Can I do this?

I do not believe that India has any rules allowing the avoidance or deferral of capital gains taxes on the sale of real estate, by fully or partially reinvesting the proceeds of that sale. However, here are some website with link to various sections of the Indian tax code, that may help you answer your questions:

http://nri-realestate.blogspot.com/2007/06/nri-queries-related-to-tax-rules.html

http://economictimes.indiatimes.com/opinion/policy/Direct-Taxes-Code-Capital-gains-tax-is-investor-friendly/articleshow/6477547.cms

http://indianblogger.com/income-tax-on-capital-gains/

There are all kinds of grants you can get. Ask a loan officer from a local bank, if he/she doesn’t know, try another bank.

i want to invest on realestate, preferebly a multifamily buiding to rent out. But when i look at the prices online they look to good to be true, there must be a catch somewhere they arent showing. If you know anything about investing on realestate can you please give me advice on this issue.

From 1996 to 2001 I bought 14 homes all foreclosures and/or distressed properties. I sold all but three of them. I now own 2-2 Family units and 1-single family unit. The one two family was a VA foreclosure, the other two family was from a man who wanted out of the rental business. I have now owned all of them between 12-15 years. Great Tax advantages, some headaches, but you must be ready to put money into them. 15 years Rental property owner.
Check out www. how-to-buy-sell-foreclosures.com/landlord.html for more info

RealEstate Progress will bring up the economy rapidly, but the banks need to corporate,
especially the ones that took buyout. This should be a part of the deal.

I am not sure what your question is, but your statement is far more perceptive than most I see on Y!A. The bailout itself was heavily tilted by the power, wealth, and political influence of its benefactors solely in favor of those benefactors.

The callous greed of these benefactors is evidenced in their obdurate opposition to any contribution on their part to rebuilding our economy. We helped the wrong people.

We would have acted much more prudently had we bailed out most of the people who have lost their homes to foreclosure. The banks and other speculators holding questionable mortgages would have been paid off and thereby avoided bankruptcy without the hundreds of billions we poured directly into their coffers. Millions of homeowners would still have their homes; these houses would not be flooding the market depressing the value of residential estate.

With millions of people able to keep their homes and their equity, personal spending would not have fallen as precipitously as it did. Portfolios would not have lost their value; as a result, the big banks, insurance companies, etc., would have remained solvent and would have been able to keep all (or most of) their employees. With more people able to spend money, fewer businesses would have lost their customers. With more businesses solvent, fewer people would have lot their jobs.

The bailouts accomplished very little beyond quickly restoring to a few ultra-rich speculators and to monopolistic Corporate America the wealth (and much more) that they had lost in the early part of the recession. Now these corporations sit awash in $2 trillion, which they do not invest, their promises to do so notwithstanding.

We can still salvage our economy. Since the greedy elite will not invest this immense treasure without assurance of immediate profit, we should take much of that idle capital through taxation and spend it on rebuilding and modernizing our infrastructure. Doing so would not be MAKING work; it is doing work that is long overdue. In the process, we could put millions of Americans back to work–and back to spending and restarting our economy.

I would like to put my home for sale available to the residents of california who are looking to move to arizona. Is it legal to have a realestate agent from california sell my home in arizona?
Great thanks all.

Only if the agent you pick is licensed to sell real estate in both California and Arizona.
Usually a real estate agent is licensed to sell in one state only.
You would do best to list with an Arizona realtor, and ask them to advertise in California too.

If you are talking earnest money, most real estate agents give you a copy of the check along with the earnest money agreement. If you are talking actual down payment when you close, that is the function of the title company.

I’m really interested in this property to rent but it’s about $20 a week over my budget I think they are also having trouble renting the property as there are desperately perusing me.

You can always ask, but I have NEVER seen or heard of the price of a rental property dropping just due to a potential tenant’s request that it is over his/her budget.

If they are having trouble renting the property (and you realistically have another acceptable option if they refuse to lower the rent), then you might have more leverage. But you also might want to ask yourself WHY they are having trouble renting the property. Perhaps there is something other than the price that makes it undesirable to other potential tenants?

yes, they should be giving you a receipt. you should also be using a bank check as well, not a personal one.

I mean.. you are almost guaranteed a profit on it right? Since you are getting it below market value?

You are not getting it that far below market value. Unless you are talking about high dollar homes the costs of buying ands selling would eat up the difference

I’m super anxious to sell my house (By Owner) and was thinking of upping the flat commission rate to about $7,000.00 – $8,000.00 to the agent that can sell my home. Do you think this would cause a frenzy thoughout the agent world to sell my house?

Ill sell your house for that commission.lol
But yes money talks.