- Property Taxes - From listing and divided by 12You should be able to look online at your county assessor to get the accurate tax assessment.

TEN STEPS TO SUCCESS IN WHOLESALING ~1) Get a brand and create a marketing strategy and system.2) Network with cash buyers to build your buyer's list.3) Consult with an attorney regarding the proper RE contract to use and the proper means of creating an assignable RE contract in your state.4) Understand how to evaluate rehab needs and assess the value of houses.

Small or very large commercial loans will generally just be P+I, but they can require taxes, insurance and special assessments, if any, as well, usually not.

Also, @Joseph Weisenbloom 's numbers only accounted for the special assessment tax, not the regular tax, so regardless of the loan term, you are cash flow negative.

Assessed value is 55.

The home was assessed at 130 K by the city. the home owner is a motivated seller and was asking 70 K.

Is it boarded upDoes it look up to date and well maintained or very dated Wood windows, rusty gutters, overgrown landscaping etc. 4) People bid 50% or more of assessed value here on the best properties.

The property appraiser doesn't pay attention to you refinancing, and it won't trigger any new assessments.

It last sold in 06 for $78k and its assessed value is $74,700.00.

But a realistic assessment that includes all the costs associated with owning a residence will almost always end up that it still costs you something to live there.Now, a residence can be a nice savings plan.