Chad U.
Transfer Tax in Pennsylvania on QCD's?
5 September 2017 | 4 replies
I agree with @David Krulac - hopefully your property is in one of the 2% RTT areas rather than one of the 4% or 5% RTT areas.The imputed property value used to determine the RTT amount can be found by taking the tax assessed value from the tax assessor, and multiplying (or dividing) by the common leveling ratio that the PA Department of Revenue has posted at their website, for the year and month of the transfer (the values in their table change over time).Once you have that value, and the tax rate for that location, you can figure out how much this screw up cost you ;)
Nadia Santacruz
Best neighborhoods for cash flow in Cincinnati
6 May 2018 | 15 replies
I have already learned so much from BP’s website!
Kevin Darlington
Newbie Question: Why are Property Taxes Rarely Addressed
12 September 2017 | 6 replies
At least where I live, it takes 30 seconds on the parish (county) assessor's website to see exactly what the current property tax is.But it is interesting how different areas have their "thing".
Justin Pokrywka
Lower income neighborhoods and investment properties
26 September 2017 | 23 replies
Once you build a great cash flow from these properties then you have the option to go to a better neighborhood with option to buy cash or you will have a large down payment from your current cash flow properties to buy and grow your portfolio.
Mark Douglas
Can I Stop Looking for Deals Now?
20 September 2017 | 27 replies
To put it in perspective, what I will get on a cash-on-cash return basis on a large multi-unit property in the Sacramento-Fresno range will dwarf the gross rent I received on an annual basis from the SF apartment building.
Joshua Guidry
Risks in Buying TX Property Secured Through Previous Tax Sale
21 September 2017 | 7 replies
He claims to have "clear" title/deed to all three properties, and his name is listed as the owner on the Clerk of Court GIS mapping website.
Jackie Sladky
Mortgage Broker for Minneapolis, Eden Prairie Area
21 September 2017 | 4 replies
We have excellent credit and are looking at 15 yr fixed rate.
Adrian Kloet
Hello from Sarnia, ON, CAN
7 September 2017 | 6 replies
A while back my wife introduced me to the BP podcasts and web site.
Saad L.
HELP!!! Nervous and anxious!!!
5 September 2017 | 1 reply
I would be pre-approved for about 280k and I make around 40k a year so I'm not sure what 15k would get you.Having the money ready for down payment and closing costs is excellent and would be a point in your favor for sure.Also, an option you can consider is having someone else be a co-borrower but in this case they would also have to follow the FHA rules I believe.
Jordan McDonald
Real estate investment in a college town
21 September 2017 | 14 replies
@Raul R. finders fee is an excellent idea.