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All Forum Posts by: Zafer Avsar

Zafer Avsar has started 3 posts and replied 5 times.

Post: Property tax calculation

Zafer AvsarPosted
  • Posts 5
  • Votes 1

Hi, I have some questions about how to calculate property tax?

Let's say, a vacant land from wayne country MI,  is 1200 Dollars. According to Zillow tax calculator: 19.32% f ( tax rate  1.61)

But in the description, it says one dollar! 

How can I calculate any tax amount correctly or next to correctly?  It should not be very simple?

 (assessed value of the house, or price listed on the ad) x the tax rate of that state! 

Another question: are vacant or improved lands subject to property taxes? If so, is the is the same rate with houses or buildings? 

Post: buying a land

Zafer AvsarPosted
  • Posts 5
  • Votes 1

Thank you so Charlie, I haven't signed yet anything. I am a fastidious one:))

Post: buying a land

Zafer AvsarPosted
  • Posts 5
  • Votes 1

Hi everyone,

When I buy, let's say, a land of 1000 dollars, how much plus do I have to pay?  A broker said, "You will pay pro-rated taxes title recording fees and a $395 broker compliance fee" Is this true? According to my search, the buyer should not pay anything except the price of the sale. The seller must pay them. Am I wrong, anyone who knows about the subject? Is there any source or tool to calculate those expenses?

Quote from @Joseph Chiofalo:

Hi Zafer, 

What price points would you be targeting for these properties? 

Most lenders will require at least 25% for a 1-4 unit property.  No social security number would be required. 

Do you currently own any real estate in Turkey? 


 Yes I own a home and a few acres here. Actually, I am not sure about the price now. It depends on how much I can sell my land here. 

I currently reside in Turkey, but approximately 28 years ago, I was living in Long Island, NY. At that time, 
used to be a vendor at Attias Flia Market in Sayville. I held a bank account with Northfolk Bank. However, I believe that another bank acquired Northfolk Bank recently, resulting in the loss of my checking account and credit history. As I am in the process of setting up an LLC in one of the 50 states, I will require a new bank account. I never anticipated that the bank where I held an account would be acquired by another institution, leading to the disappearance of my account.

I want to buy a house in of those 50 states, but I think I need a credit history. SinceI possess a social security number, and I am wondering if it is possible to open a new account remotely and online. 

In other words, in order to buy a house for investment, what kind of road map shall I follow?

Thank you in advance for your assistance.