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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 122 times.

Post: Zillow Cash Offer - My Experience

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

Yes, I read your post.  My point was that your experience supports my observation in the sense that I think they are trying to be "market makers" and sort of control prices.  They are a prime place consumers look to obtain market information.  I think they are sleezy in their overall behavior. 

Post: Milwaukee market questions for OOS investor

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

California property taxes are a best kept secret.  Due to Prop 13, they are "set" at 1% of purchase and cannot be increased by more than 2% per year.  They have figured out ways to include other "fees" and sort of cheat the original proposition, but my residence taxes (and whatever silly "fees" they throw in now) are still at less than 1% of home market value.  And my assessment was hiked a lot this past year.    Even Warren Buffet has said Ca. property taxes are "too low."  Prop 13 is constantly under threat.  But this helps carrying costs in CA to be surprisingly lower than what you may expect.  In fact this helps explain why many of our other taxes are "high".  It is to offset property taxes being low.

Post: Using Zillow for rental advertisement, my experience.

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

How much was the ad cost on Zillow?

Post: Zillow Cash Offer - My Experience

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

zestimates are always lower than other estimates.  They are doing this on purpose so they can come in with a low bid.  Problem Is too many people rely on zestimate alone.

Post: Milwaukee market questions for OOS investor

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

Check out the property taxes. I believe the property tax rate is higher there than in California.  Especially in the Milwaukee area.

Post: Where are you buying for cashflowing properties today?

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

Hi Michael-

Thanks for your motivational comment.  It seems like with many people moving from the state there should be opportunities out there if nothing else, just because there is turnover.  Thanks for keeping us positive in our outlook!

Post: Where are you buying for cashflowing properties today?

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

Winston-Salem

Post: Trouble Tenants...I'm Overwhelmed

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

I am in California.  I had a crap CA. tenant.  I gave him 60 day notice the landlord will be moving into the property.  I did.  This was in 2016.  Don't talk to anybody about why you moved in.  Just do it.  If you only have a short time left before the lease, you're lucky.  Last I looked in CA.  if the landlord wants to move in, they can with 60 day notice on a month to month. 

Post: Friend becoming a Tenant

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

Wow.  The only eviction I did in 30 years was the "FRIEND"!

Post: Why is properties so cheap in Chicago Illinois's?

Account ClosedPosted
  • Financial Advisor
  • CA
  • Posts 128
  • Votes 76

Ha Ha COOK COUNTY?????

For starters how about high property taxes and an insolvent

state implying even higher property taxes in the foreseeable future?

With that thought in mind, there are some "burbs" that are established

neighborhoods.  How about Evanston?  You'll always have employees of

Northwestern looking for rentals.

As for south Chicago, I'll never forget my Dad driving our family through

there.  He made my mom and us kids all "duck" under the windows so we would be out of gunshot range.  No joke.