All Forum Posts by: Alex Etlin

Quote from @Bob S.:

Quote from @Alex Etlin:

Doing du diligence on a duplex in Garfield Heights listed for 135$. The overall tax is 4.3%. The last appraisal for tax is 71K (so about $3K/year). My question is, when the county does the next appraisal in 2024, what is the chance that they set the value to 135K so that the tax bill will double to $6K?

 Correct, HOWEVER there are ways to NOT  get reassess for the higher amount. Also, 135k is much to high. I just picked up 3 duplex, all in 80k each. rents 850/ 850 with much lower taxes. Its all about knowledge and your team

Good luck 

Thank you Bob, I also heard about ways to circumvent the reassessment but it seems like too complex for a beginner. 

Since you mentioned it, I saw a few duplexes in the 85K range, however they seem to require a lot of repairs and most importantly will require led certification. That is why I steered away from them. What are your thoughts on that? Perhaps you can give an example of one of the properties? 

Doing du diligence on a duplex in Garfield Heights listed for 135$. The overall tax is 4.3%. The last appraisal for tax is 71K (so about $3K/year). My question is, when the county does the next appraisal in 2024, what is the chance that they set the value to 135K so that the tax bill will double to $6K?

Does anyone have experience with dohardmoney.com?

East Cleveland players. I have a potential property that tested positive for lead based paint (built in 1925 so no surprise). Any advice on how to handle it? What is reasonable cost for abatement? Thanks in advance.

Can someone recommend an investor-friendly RE attorney in SoCal?

Spoke with a very experienced attorney today. He had no idea what real estate wholesale is.

2. In an assignment deal, are your sellers aware of your commission? What if they discuss the price with the buyer at some point? If not, how do you prevent that?

1. Does your cash buyer typically inspects the property themselves or trusts your assessment?

@Louis W.

Anti-gentrification Group