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Brazil-LAND
This property in Brazil is a multi-billion dollar value due to its rich
natural resources including timber, latex and other inclusive mineral rights. It has over 1.1+ million acres. I have over 120 pages of documentation on the property in Portuguese and English, which includes excellent site photos and other documents of authenticity. It is 482,000+ hectares of tropical rain forest. This is virgin timberland and has not been commercially logged. An extensive land and timber survey has been completed. There are 2,000,000 (estimated) wild rubber trees (Heaves trees) for producing latex rubber.

A geologist report states that theirs a strong likelihood of natural gas and
Petroleum present. There is the likelihood of gold, gems and other valuable minerals on this property.

The title work on the property is "ready to go" and cleared for immediate sale.

Price is $330 Million.
Full disclosures with LOI, POF and certain agreements signed.

I have 2 questions.

One is if I split my finder fee with another property locator, is there a contract that must be recorded?

The second question, is if the investor pay you finder fee after closing. Is that recorded and the finder fee is taxable?

I have many Calif properties but some are up to 20 millions. What is the criteria that you are looking for and price range?

Thanks for providing the information. You have been a great help and Im sure to many others.

Thanks :D

vacant dwelling insurance is a good idea, didnt think of that. Thanks!

I was just using craigslist.org as an example. You can go to each counties and click on every listing to see if house is vacant. It is just time consuming work. I was just wondering if there is a website that you can go to-- to get a printout of all vacant properties for each counties.

Dont want to do that either. Im talking about the internet. Maybe county assessor if someone knows where to go to or city hall website? Want to get a printout of all vacant properties.

Anybody know the fastest way to find vacant properties? I know you can find it in craigslist etc but Im looking more like going to each counties and get a list of all vacant properties.

Sandy

Hello- Great Information! I did not know that they do tax assessed revaluation every 10 to 15 years. I have couple of questions if you dont mind.

How do we know when is the last revaluation?

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Is there anything we should know to watch for - that would be a good buy with tax assessed value?

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You said: Added assessments for improvements done to homes in between revaluations will bring the home closer to market value, as the tax assessor will add the improvement value to the market value of the home.

Why would anyone want to show added improvement to pay more taxes? Maybe this is a stupid question?

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You said: The tax rate is the same for every home in a given town and is determined by a few factors. What changes the taxes is the market value of the home. They take the Market value and apply the tax rate to get the tax dollar amount.

Do they do this every year? and also if they take the market value and apply the tax rate, most of the tax assessed are 20- 40% below market value. Based on Market Value, is there some kind of criteria that you must take at least 20% off market value?

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I would think the $350K would pay more taxes and it is in very nice area, but the $195K is in really bad area and they pay almost as much as the $350K home. But I understand what you're saying.

Thanks for your info.

Sandy

Hi Guys,

I know people dont really pay attention to tax assessed value, it is the comps of the area that is important. But since the market is soft now - you can't really depend on the comps from 6 months ago. People are now taking notice that if the property is selling below tax assessed value, that is considered a good buy or at least they think so. I very rarely see properties selling below tax assessed value. In Las Vegas, homes are around $350K and the tax assessed value is around $150K, if they are selling below $150K, wouldnt you take notice of the tax assessed value?

I found something interesting, I saw that someone brought the house for $195K in 2004 and their tax assessed value is now $134K in 2007. Whereas I see $350K- tax assessed value is only $150K. I dont know if this is true, but I read somewhere that the poor condition house get higher tax assessed rate more than the luxury house. Does anyone know about this or if it is true?

Thanks, Sandy