Property taxes in Columbus were re-assessed in January of 2024.

The taxes in the towns i'm here in illinois are 3.1 to 3.4% of the assessed value. 

It can be quite intriguing and interesting to hear of many of these returns and great on paper assessments, but the reality is, they rarley pan out in real life. 

We're bringing a knowledgeable general contractor to the property walk-through next week to assess potential risks, and I will also check the HVAC and electrical systems myself, as I have some experience in these areas.

A 700,000 FMV and Assessed Value property(most recent sale price is tax value) is taxed at $20,000/year.

This can be useful if you want to keep growing your portfolio without being limited by personal DTI or income requirements.That said, here are a couple of things to keep in mind:DSCR Loan Terms: These loans often have higher interest rates and different terms compared to conventional mortgages, so it's important to assess whether the potential benefits of restructuring the loan through your LLC outweigh the cost of refinancing.Asset Protection Plan: Even if you refinance into a DSCR loan, make sure to have a solid estate plan in place.

Earlier this year, the government did not renew or pass any law to extend bonus depreciation back to 100% after 2027, so the current phase-out schedule remains in place.In the meantime, I would recommend doing some tax planning to assess where you stand in terms of projected tax liability for 2024.

I would like to learn :- more about identifying a potential market to invest in- how to perform a Cash on cash analysis on those markets to assess a positive cash flow within the US/Hawaii- open to markets within the US/HawaiiThank you @Scott Trench Best, Reeti

I realize that turnkey properties mean you can’t improve equity so a re-assessment would not add lending dollars, but is there a scenario where the numbers work? 

Hire a local home inspector or contractor to assess the property and provide a detailed report.