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Updated about 4 years ago,
Best Ways to Accurately Predict Rent & Property Tax?
I'm an out-of-state investor, still narrowing it down to a couple markets, and I'm finding it quite difficult to predict a rental rate when comps on zillow/realtor vary by ~$1000/mo.
ANd then I'm also trying to understand property taxes better. When looking at individual property on the county tax website - it's showing a property value of less than half of what it's selling for. ANd of course, I'm trying to find out if my purchase would bring the house value up to what I paid (which would turn a $1500/yr property tax to nearly $3500/yr if taxed at the same rate).
Any wisdom on these areas? I don't want to be ignorant when going into a deal and having my cashflow eaten alive by increased property taxes or inacurate rent predictions.\
Thanks!