All Forum Posts by: William M.

I'm not sure if they sale deeds or liens in Erie County but you want to look for deeds.

@Christopher G Platt I have plain and simple advice, and what I say might be looked at by other investors as bad advice, but for someone who can't afford his own market, we are talking about 2000 sq feet lots for a half a million dollars search for a deal you can afford. Real estate is much more broad than a single family home or multifamily home in my opinion which are not my type of investments because they take care of a need not a want(People get robbed with needs). If you have some money saved up look for something that you can pay cash with, if not solve the cash part first. I think debt can be a powerful tool to magnify your purchasing power but what you have to be careful is how you are spending the money. This is the trick I would like to teach you, would I rather buy a 1 acre lot for 100000 in nyc or a 40 acre lot for 100000 in Wappingerfalls, both nearby new york city, but in Wappingerfalls I'm getting way more land for my buck in which if you look at the two lots one have way more value than the other one and all you have to is get creative and build something that will get you the projections you are trying to create. Spread out a little further from the action and you will notice a pattern in prices. If that doesn't work you should try to size up the next tax deed auction for Erie County, if there is a surplus of inventory you might could score a deal there. If you need me to elaborate a little further let me know, but look for deals you can afford by spreading out from the central location. Because sometimes it's not about the location, but instead what's there.

@Jesse McMullen Are you looking in El Paso or Fort Hancock?

County or city depending on where the property is.

@E.J. McLeavey-Fisher

I'm not sure, but I think you can request to rezone the parcel from the county. It might take some convincing though.

@Charlie Moore

You can deduct your expenses also, that you put into the deal to get the profit.

Good evening everyone at the bigger pockets community, I'm just trying to get feedback on a project I'm working on. Minus the Residential Zoning at the county level without devalueing the lot, I believe some uses can apply for a variance. If you had 26000 Square foot of open use, but there was a restriction on the Title for car use which states no unlicensed cars or junk cars, would that lot still be worth it's value?

One thing to remember is that everybody's taxes are different, some even have the homestead exemption. So sometimes, someone can pay a higher rate or a lower rate, the ball is up to you.

There maybe other tax codes to look up, but that's the general sense of property taxes.

Property taxes are a way of paying for government services to the community. There are all types of things that are factored in property taxes. I'm not a thug, so I wouldn't suggest you tell them they can't get money, because they are coming at you with force. Property taxes is usually a certain percentage of the market value on an annual bases (maybe paid on a different frequency). If you are aiming at taxes breaks look to see what is needed in a geographical area. Real Estate is not all about housing, there's other types of real estate. Usually the taxing authority for a geographic location may be offering or would consider a tax break because of your contribution to that area.