All Forum Posts by: Jordan Lagrassa

I recently built a house and with the loan it was for 300K for 30 years . I have heard of you make one extra payment per year to principal it would cut down your loan to about 18 years. My question is does anyone know of a tool I can use to figure out how much I would have to pay every year towards principle to cut the loan down to 7 years . If there is no tool I'm open to any ideas anyone has to help me figure this out. Thanks 

I figured they would not rise super fast but I'm guessing when I buy the house and they figure out how much they will appraise it for that much . I'm going to work on lowering my taxes on my other property because I paid alot lower than the tax value of the home

most of those historical homes are pier and beam witch is alot easier to adjust. Like you said a contractor would be able to handle that.

Iv bought one rental in south temple off Thornton and that property is Great. 

I'm sending you a pm

here in Texas the ground may shift more than new York. There is a fault line that runs through our town in temple. Some leveling company's won't even work in certain areas because they can't guarantee there work. 

I have a rental right up the street which is comparable so if I bought this house it would have to get re appraised . 

I appreciate the the help but I ended up not buying the house because of the cash on cash return on investment was not high enough for me

I'm not sure what analysis would give me more accurateinformation. Here is the problem. The property has 10K of foundation problems but it's not bad enough that I would fix it now. If I wanted to sell the house it would need to be done. My assumption is if I leveled it now I could have problems in the future and have to do it again anyways so I was thinking one time would be better than twice. Do I add this into my analysis even though I will be leveling at a later time?

Second part of my question has to do with property tax. I noticed that the property is only being taxed on 42K a year and the house comps came to around 97K. I'm in Texas so the difference in tax price is more that 1000$ and makes a big impact on my analysis. Is this something to worry about or will the house slowly rise in taxes instead of a huge jump.

The tax difference takes my cocroi from 10.4% down to 6.8 % .

Looking forward to your input

The $2-$4 seems very inaccurate to me

Does any one have a good way to estimate the cost of insurance in Texas other than having to go and talk to an agent every time ? When I put an offer on a house it came with paperwork with how they estimate the cost of insurance which was

$2-$4 per $1000 of replacement cost I'm guessing. Does that seem like it would get me within the ball park

I will have to pick up a copy thanks

County clerks could get you a list of homes late on payments

good stuff