They will likely use the last year's taxes and then when you get an added assessment or a new assessment they will up your escrow requirements.

Brought In 2017 for 66k, city assessment is 94kCurrently rents for 900 (could easily rent for 1100)Mortgage 570Tax assessment number 04100400I would like to start flipping btw meaning I have found a few deals I can’t get my hands on because of little capital.

It uses a combination of data, software and a team of 50 human evaluators to assess a home’s value.

Hey @Chris Mason - So you’re say educate yourself (through practice and research) until you’re able to make quick assessments on properties?

You could get hit with an assessment for something or have the HOA fees jacked up putting you in the red with no warning and a handful could be put on the market because of that.

For tenant screening, consider using Naborly which offers free online applications/ screening reports for landlords and applicants and has a pretty comprehensive report.

It will/should also inform and shape the offer you will make on the property and to more accurately assess the financial performance of the transaction you are structuring.Introducing yourself to lenders and letting them know that you exist and qualifying them to understand their focus in making loans, their underwriting practices and the terms and conditions they would offer you if and when you found a deal that matched the lender's criteria makes a lot of sense.

HOA dues/assessments typically become liens when due, whether or not recorded.

You also need to assess if both are out of work whether you can sustain your current life style.

I saw the taxes are about $112/m that seems pretty low for Lubbock, meaning its assessed value is probably around $65K?