All Forum Posts by: Jonathan Park

Hello BPers!

Been getting a lot of help from the forum and would like to get an assist on another case here.

The property I am interested seems to have a very high value assessed for the property when the other nearby properties have a lot lower value assessed as their tax.

If I request tax assessment again, will it back fire on me?

2nd question:

Once I rehab a property and try to do a refinance - I understand an appraiser will come out to appraise the property with new updates. Will this new "property value" get reported to the town and thus increase tax on the property?

Thank you so much!

@Mark Wurtemberg - when do you disclose that information as a seller? When the offer is made to the property? Or at closing?

@Anthony Hurlb - Thank you! I thought that would make sense as well!

@Jon Holdman - Thank you Jon! this is great information for the future.

Hi,

I was wondering what the process is when you buy a property with tenants already in the property.

When the property is sold to you, do you also inherit the security deposit the tenants deposited? or is that not the case?

Thank you!

Hi,

I am a newbie looking to househack my first property and my only way to browse the properties are from MLS, Redfin, etc

So the question is - the listing has been on the MLS for few months - Should I even bother looking at those properties? Obviously there is a reason they aren't selling (most likely due to the price not making sense or perhaps the inspection did not come out great)

Should I make an offer based on the number that makes sense and see if they will come down? or keep on searching for the best/good deal to come around as these are probably not a good deal in the first place?

I am in Northern New Jersey area looking to house hack 2-4 MFH.

Thank you! 

Thank you @Justin Fraser and @Johnathan Boyle - I do have a steady job(or i like to think so) and is in the range of ($80-100K)

Do you guys think Other low down payment products are an option? (Home Possible, etc)

Hi,

I am a new investor looking to purchase 2-4 Family house with House Hack method in the North NJ area.

I am looking to get some feedback and advise so that I can get ready for the jump.

I haven't specifically located a property but wanted to prepare myself before I locate one.

Also, if anyone have a good recommendations for me to reach out and better prepare myself, I would highly appreciate it!

Thank you!