You will pay transfer taxes based off of the properties calculated assessed value, and if the property is in Philly city limits as your post location suggests, you're looking at a payment of 4.278% of that value being paid at close.

Hi Everyone,I own many single family rentals in toledo and i have never tried to challenge the tax assessment.

Also, the $85K lot was way overpriced in 2006 and is only assessed for $65K; however, the offer has yet to be made, only calls from realtors.

Although title company is working on it, I like to be in the background assessing the moving parts.I posted about another property.

It may be a terrible deal but you have to run ALL the numbers including "Special Assessments" from the HOAs.

Reflect on what you envision for your retirement and assess whether you're prepared for the effort required to manage properties in a new market.

We encourage landlords to read the reviews and assess their own ratings, don't look at the Google or Yelp overall rating. 

When considering conventional financing after the initial purchase, lenders will assess your debt service coverage ratio (DSCR) and having a strong track record of successful real estate investments can enhance your appeal.

Early in 2024, Blackstone was also able to sell the Arizona Biltmore to a UK-based fund for over $1 million/key.These deals signify that, for motivated buyers, financing costs are not as important a consideration as the location or a strategic rationale to own a property in a preferred market.Borrowers of two high-profile portfolios decided to stop supporting their loans, so industry participants are assessing the likelihood of these properties trading.

I personally, would never rely on an appraiser's opinion (other than mine of course), in assessing a deal, but unfortunately, they are an integral part of the financing and that should be taken into account.