Various formulas I see on this forum,(units,x60 or 70x rent)  tells me that the property is valued at around $150,000, to get a 10% cap rate.Current taxed/Assessed value is around $150-$170k I believe. 

(although not as bad as 2004)  Here on the Treasure Coast we are seeing 1950's concrete block homes that sold under foreclosure for 85,000 seven years ago now being assessed for over 300,000 in some places.  

Listed at $145,000, assessed at $112k. 

(Owner Information, Assessed Values, Tax Delinquencies...etc)Place this "NEW" data into yet another table within the databaseScript 3: Retrieve the data from above, and through the use of API, pull all phone numbers for that specific owner.

If transferred from LLC to child then the property would be re-assessed at current value and would not qualify for Prop 13 protection.

Put together a comprehensive business plan.  

Hi All-If an investor follows the rules of thumb that bigger pockets lays out (2% rule, etc) you can ASSUME  that there is a large enough cash flow cushion to absorb any risks in the property. While the property may n...

HOA's can demand a special assessment if their reserves aren't in order, which could be thousands of dollars.If you've noticed a theme in everything I've written above, you're right.  

Now the good, if damage is assessed to be to high maybe the city will give you permission to bulldoze the house and start a new.

Also you have a year, from the date of the disaster declaration to apply for this loan, so people have some time to assess their situation.