Mary Davidson
Help with options after a reassessment
Hello all,
I am wondering what to do. I purchased 2 rental properties (my first) and didn’t realize how much a tax reassessment would affect my numbers. I was told by someone in the auditor’s office that a sale wou...
Jim Haney
Low BRRRR Appraisal - what next?
I am doing a BRRRR and the appraisal came in well below what I think the property is worth. I did the Appraisal Rebuttal and got no movement. My options are 1) to go with the current appraisal and leave more skin in...
Suhaib Rehman
File amendment to claim passive activity loss in investment property being a Realtor
Good day Everyone,I am a professional in tech, my wife is a realtorI bought the house last year and incurred a net loss. When I filed taxes using turbo tax, I filed Schedule E but there was no form 8582 which is to d...
Abou C.
Assessor vs sell price
Driving for dollars found some great fourplex but off market and I would like to contact owner or send yellow letters. New to this, but is the assessor price quote relative to potential selling price besides what eve...
Anthony Jenkins
Doing research on properties for flips.
In my research for properties for flips on Craigslist I found cheap properties in need of some rehab.Checked my local assessor site and the market values on some were very low.Is it safe to say that after the rehab th...
Rocco Sen
Staten Island Auction
Hi guysIs there a foreclosure auction specifically for Staten Island?I found the following but I believe kings county is for Brooklyn.https://www.nycourts.gov/courts/2jd/kings/civil/fo...
Tim Ivory
What do these terms mean in detail : Value Information
I understand the Land and total market appraisal values. But what do they mean improvment value, what is the percentage referring to, and most importantly, what is the assessment? Is this the amount of work that needs...
Joesph Allen
Need some advice on HOA issues!!!!
Hello Everyone,I recently purchased a townhouse in the Outer Banks and am having some issues with the HOA regarding maintenance on the exterior of the property. It has cedar siding that is rotten and needs to be repla...
Brett Whitmore
Rental Income effecting Property Taxes?
I own 3 student rental properties in a city in Michigan that closely regulates rental properties. All single family houses are licensed for one family or a specific number of unrelated individuals. For example, 2 of...
Julie Verardi
Tax attorney for Jersey City
Hi, I have a property in Jersey City Heights that I have owned and have been renting out for almost a year. I was thinking of hiring a tax attorney to see if I could get my taxes down, they seem a little high. Does an...