Kelly Doyle
HOA Foreclosure
Our association foreclosed on 2 condos, there were no bank liens on the properties. Nobody purchased these units at auction so now the association has trustee's deeds. They keep telling us owners that they can keep ...
Robert Carpenter
Property tax on an REO
Suppose you pay $120,000 for an REO with an ARV of $300,000 which needs $80,000 in repairs. Will the county reduce your property tax to reflect your $120,000 purchase price ?
Clay Walker
Equity List Criteria
So I'm trying to refine my equity list on listsource.com and key in on the mid level price range houses in my market. My first ever mailing that I sent out I didn't specify a price range so I got a few phone calls fr...
Maryann Fialdini
Title Insurance Claim Denied -- Need Advise
Purchased a condo and received an estoppel from HOA - had multiple special assessments identified plus seller's HOA unpaid dues listed and all were paid from proceeds at closing. One month later, lawyer for HOA wrote...
Angela Yan
Columbus Property Tax increase Ouch!!
Hi! Just bought my Multi in 2018 and now just got my adjusted tax bill. It went from $$$$ to $$,$$$. Almost 2.5 folds. I guess assessor went on purchased price of the property. Anyone tried fighting this? I was ...
James De Silva
Wayne county property tax
Hi all,I've recently purchased a property in Wayne county (not the city of Detroit) where the sale price was $77,000. The property has an assessed and taxable value of $55000. This property was originally purchased in...
Lefty Karr
HOA special one time assesment fee
On July 15th, I bought the townhouse that I was renting for 3 years already in Illinois. A few days before closing, a company treated and re-stained all the decks in the community. This was a special assessment that w...
Forrest Hayashi
Using LLC for Rental License while Deed is under personal name
Hello all,
I'm new to the forum and just started in Real Estate Investing. Recently, I've purchased a duplex in the great city of Philadelphia and wishes to rent it out. I'm in a pickle as I want to use a LLC but it ...
David Hodge
Contesting Property Tax?
I purchased a property in Birmingham, AL (Jefferson county) for $65K but on the county's tax assessor website, the property tax is being calculated as if the property is worth $84K. It looks like that was the assessm...
Crystal C
Refinancing
I'm looking at a 3 family that is asking $197,500 and the assessed value is $248,500. Does this mean that I can purchase this property and then refinance and walk away with money right away? Or would I have to make th...