All Forum Posts by: Aastha Shrestha

Hi Paul, Thank you for taking time to answer my question.
Answer to your question: 
It is 1.94% of the purchased price, they bill says that the assessment is after we purchased the property. The description of the taxes includes number of bonds (total of 9). Not sure what those are. 
and I was referring to tax year 2021-2022.

I did apply for the homeowner's exemption of $7000 on a property value of $810,000.

My another question: I know that I can take advantage of depreciation over time but is there any rules surrounding bonus depreciation. My CPA was adamant on not using bonus depreciation. 

Hello BiggerPockets family, 
My situation: I purchased a 4plex with FHA loan on Nov 2021 at 810k on Richmond, CA(Contra Costa county). County is saying that my property tax is close to 16k(1.94% of the property value). I don't know why I am being charged 1.94% of property taxes. I always thought property tax is around 1.25% of the purchased value.
Is there a way to offset these taxes? 

Hello BP family,
I have come across a multifamily in Richmond BayArea (a 3bedroom main house and a legally built 1bedroom ADU). The main house needs a renovation, has potential to be converted to duplex and back ADU currently has a tenant. My plan for the property is to offer 600k, 20% down and 4% interest rate with first republic bank and 50k for the renovation.

When the current owner asked tenant at back ADU to vacant the property, they didn't compliant and has not paid rent since October. I am worried if this is a mistake taking up the property with eviction problem. I know I could negotiate with the tenant if they want to continue living and pay the rent or potential eviction.

This is my first investment in real estate in the California Bay Area. I bought a rental property with existing tenant living for 6-7 years. The current tenants has a month-to-month lease and the rent is very low compared to the market rate. My question is would I be able to change the lease term and raise the monthly rent to these tenants? Any suggestions would be appreciated! Thank you!