NO Financing How did you add value to the deal?

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

My question is if we are marketing this as land, is more value added from the 2020 mobile home or the multiple utility hook ups?

But did create issues of determination of value when distributing the assets of the LLC because all properties are probably not exactly equal in value or equal to a members % interest.But either of these can be made to work for you in the situation you describe.

@Stephen PattonStarting in real estate can feel overwhelming, but breaking it down step by step is key.

Feel free to reach out to connect.

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

I am currently searching for a job in property management because I feel it will give me solid experience and knowledge to tackle my own properties one day (and I am in need of a career change).

Feel free to call my office and speak with me if you want to look deeper. 

OR feel free to PM and we can talk.