All Forum Posts by: Howard L.

@Daniel Alvarez 

Old thread, but just wanted to say I found your spreadsheet useful. Hope all is well.

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What's the formula for the property tax rate for rental properties in Las Vegas? Is there an online calculator for this?

I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.

Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:

- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)

- There's a line item where property tax rate appears to be 3% of the assessed value

- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctly

Also, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then. My purchase price 3 years ago is still almost 3x the most updated assessed value by the Clark County Treasurer.

I imagine that the property tax rate can be calculated quite differently with residential rental properties. Can anybody shed some light?

Something akin to these:

https://www.goodhousekeeping.c...

https://www.consumeraffairs.co...

Has anybody had any success with installing & managing automatic water shutoff systems across their rental properties?

I'm new to the concept of asset based or portfolio LOC's. What are some invalid use cases? The sense I get is they're primarily for renovations & rehabs.

Is it possible to draw funds via these kinds of LOC's to fund an expanding business in a vertical unrelated to the underlying asset or even real estate in general? Say for inventory purchases in an expanding ecommerce business?

Can asset or portfolio LOC's be drawn for purposes not related to real estate?

Alex, thanks for the referral! Yes please message me his contact details. Thanks.

Can anyone suggest lenders who can provide LOCs (asset based LOC, portfolio LOC) nowadays for 4 single-family residences in Fort Worth, TX which are all rentals?

All of them have existing primary mortgages which have LTV's ranging from 32 - 38%.

Thanks in advance.