All Forum Posts by: Nick SyWassink

2018 Marshalltown Housing assessment 

For those of you that enjoy reading development plans and housing studies.  

 Steve,  the market in Iowa is all over the place.  College towns and metro areas have significantly higher property values.  

This is a town with a population of 30k and 4-5 major employers in the area.  

$675 per unit seems about to be an average rental rate for 2 bed, 1 bath.  I would need to verify this before making an offer.  

Can you explain what you mean by Upside?  Are you thinking of property appreciation? 

Thanks,

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello,  I am wanting to work through some buy and hold analysis' for our local market.  

The county that I am in has a Tax levy of 40 (per $1000).  

the examples for using this calculator, that I've watched have you looking at past tax payments.  Wouldn't the tax valuation equal the amount that I purchased the property? 

An example is a property that was last assessed for  96K, the previous buyer bought the property for 168k and has it listed for 260k(i am thinking wholesale).  

The past tax payments were calculated using 96K at a Tax Levy of 40.  If I apply the tax levy rate of 40 to 260, It kills any potential Cash flow.  

Any thoughts for this newbie? 

Thanks Brian! 

Aright Guys, 

   We found this property (foreclosure) well below market values $35.00 sq ft.  I left a contingency for a home inspection, in case there is something I am not seeing. 

    However there is now multiple offers on the property and they have given us until monday to make our best offer.   Our agent told us that we should drop the home inspection contingency and up our offer.  She said that most people do not have that contingency on a foreclosed property.  

    I am planning to get in there with my contractors monday, to define my costs a little more thoroughly before making an adjustments to our original offer.  

    I am looking for your opinion.  Do we leave the home inspection in the offer or take it out?