All Forum Posts by: Tim Shi

Hi everyone, I have an Airbnb property fully managed (20% commission) in Oakhurst, CA. The property makes about 55k in revenue per year. I am trying to build Cap-Ex into the financial model. What is the average percentage of the revenue do people re-invest in the property? 

Hi there, I am looking at a Duplex in San Francisco. The current owner pays about $500/mo on property tax. The property was sold in 1999 for less than half a million. The assessed value of the property doesn't seem to go up that much despite the rapid increase in fair market value. 

The house is now valued at 1.5 million. Based on the current tax rate of 1.18% in San Francisco, the new property tax would be $1475 / mo.

Is my calculation correct? Basically there will be a 1k jump in property tax at sale.

Not sure if this is a good place to ask for tax advice. But I am buying an investment property at 370k, which is over the asking price (315k). Is this expensive tax deductible?