Leslie Boeshart
OKC Sheriff Sale Rental Property in Receivership
What happens when a rental property going through foreclosure in OKC Sheriff Sale is assigned a receiver to intercept rents? As the winning bidder / new owner I have to honor the lease as per OKC. However few question...
Account Closed
Triplex For Sale - Realtor is Owner - Need Advice
I found a Triplex for sale for $219,000.It consists of:Main House 3/2 (Could rent for $1,100)Apt 1 - 1/1 Occupied $500/moApt 2 - 1/1 Occupied $500/moTaxes - $2,200Insurance - $1,300? (Guesstimate)Vacancy - 7%Repairs -...
Alex S.
Appraising side-by-side 4-plexes (income or comp approach?)
I want to put in an offer on two separate 4-plex buildings that are adjacent to each and owned by the same person, but on separate parcels.Will the appraiser value it on the income approach or the comp-based approach?...
Matthew Shay
Raising Taxes Based on Purchase Price
Which states raise taxes based on the purchase price of real estate? I saw somewhere online that California is one of them. Is there a difference among the different classes of real estate i.e. multifamily vs. single ...
Anmmar Alsaggaf
4-Plex Analysis Fresno, CA
Dear BP, I have a 4-Plex that grosses $28,880 per year ($2400 x 12) and all units are fully occupied. In order to calculate my overall cap I did the following (annual basis): Gross Income = $28,800Less: Vacancy (5%) =...
Jorge Matamoros
JV Agreement for House Flip
I need support in creating a JV Agreement, or a short term agreement like a "partnership agreement for one deal". Working with an investor that is only putting forth capital for us to buy a house, and then flip it pro...
Devis Tale
Property Tax
What do you think what are the best way for lowering your property tax?
Manley Seale
Short Term Rental Cap Rates cash flow and potential sale value
So, i'm trying to analyze cap rates for a STR investment and I'm coming up with two different lenses to view a cap rate.
1. Annual Cash Flow potential from what I'm seeing would want to see a higher cap rate. Is tha...
Sydnie E.
Short Sale Deal?
Hello BP,
I interested in purchasing a home currently listed as a short sale. The home is on the market for 295,000. Based on Redfin the current value of the home is 394,000. This is my first deal and I'm won...
Robert Granara
tax assessment
a house had 2007 taxes of $4000 and was assessed at $392,000...
its on the market for $250k...and i can probably pick it up at around $200K...
will they re-assess based off the new sale price?...currently taxes per ...