Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 15 years ago on . Most recent reply
![Sharad M.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/47385/1621409161-avatar-baruchmax1.jpg?twic=v1/output=image/cover=128x128&v=2)
Would you consider this deal?
Hello all-
I looked at this property today listed for $30k. The property has 4 units, each unit is 2 bd/1 ba. Each unit can be rented out for at least $550/mo with owner paying the utilities. I plan to hire a property manager @ 10%. However, the biggest issue I see with the property is TAXES!!
The taxes on the property are $8k/year. The property's total value was assessed at $189,200 as of 11/14/09.
The property doesn't need much work, no more than $15k before it is ready to be rented out, so on paper it looks like a great deal except taxes. Do you guys have any opinion on this? I am really confused with this. Do I have a shot at appealing the taxes given the fact that the property was assessed as recently as Nov 09?
Thanks in advance for all the help. As always, much appreciated.