All Forum Posts by: Account Closed

I've heard some stories on the Texas Prop. Tax almost being twice as much as CA. Is this indeed still true? (2.9%)

However, Texas does not have State Tax. How does this impact the higher Property Tax rate in conjunction/comparison to other states?

In CA, prop 13 has helped keep Prop. Taxes under wraps from large appreciation in home values of the past. (not so much a concern now) Is there something like this in place in Texas?

Also, what are some things that can be done, within reason, to help negate some of these expenses?

Thanks much!

Alright! Great spirit and honest approach. I like it! Welcome to the forums and hope to see your goals come to fruition.

Cheers!

BUMP from the vaults.

Are there any more contributions to this being now that it's been well over 3 1/2 years?

What are some specific online tools that will help rental owners manage their properties?

I want to propose starting a thread/sticky that could be started to list Property Managers and contact info by State/County that people can add/"vouch" for so that we could have an online source for recommended managers across the states.

My belief is that trustworthy and great Property managers are worth their weight in gold and should be given more business. If I am left to only managing property myself, it leaves me dealing only in So. Cal; an area that does not support my buy n' hold cash flow standards.

Any takers? Votes for this? Any other suggestions? Critiques? Comments?

Welcome to the boards Jonny. I'm going to be making my way through Zion and I70 this thursday en route to Red Rock Ampitheatre! Whoo hooo!

Cheers!

Hows it going Wayne. Glad you're back up and at em'. Sounds like you've endured a lot and I bet there are more than a few things you could offer with your experience. Looking forward to hearing more about your experiences.

Cheers!

Hey Jeff,

Sidenote: Great Coffee up in Grants Pass; Dutch Bros.

worth fighting for:)

As far as Gov't. It's all worth fighting for. When Hugo Chavez is quoted saying this...

“Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right,â€

Yeah...thats worth fighting for(against). Two commies joking about Obama passing them to the left.

I'll digress.

That is great info. Thank you Jon. I had no idea there was a recapture tax on the depreciation. I understand how 1031 is "deferred", but I always assumed that "depreciation" was a literally a figure wiped clean. :/ Better to know now than later. Kind of like Santa.

It is a good deal if you can get the property for maximum $26,500. But add in the HOA fees, man, that could even impact these figures.

Are there any threads on the impact of HOA fees on cash flow? Having never death with them, I have no idea how that could play into the expense category. Does your HOA fee cover ALL expenses (past, present, future?)

Anyway, I think you get the idea.

Did anything ever happen with this deal?

Let us know how it went. I'd like to see that it's actually being done, and not just guru mythology:)

Hello Christine,

Welcome to the forums:)

There's a lot of content around here to get you started and up to speed with the many facets BP provides. I'm looking forward to learning from your experiences in Vegas as well!

Enjoy!