Alexander Russell
Lack of Comps for Multi-Unit Property
I'm in the middle of analyzing a potential 6-unit rental property. Looks like a pretty good deal but one thing that concerns me is there aren't any other Multi-unit properties nearby. The county assessment actually va...
Sam Duehr
Tax Assessment after purchase
Hi all,I'm looking to put in an offer on a multi-family property soon. When running numbers on properties which seem to meet the metrics I'm looking for, I usually try to refine the numbers by getting the actual prio...
Alex Flaugher
Do property taxes increase with new sales price?
I was recently analyzing a property for a potential rental. This was a single family home and I saw that it was last sold in 2005 for roughly $50k. The owner of the house recently (2016) did a complete renovation and ...
Ken Scarince
What is an acceptable or common underfunding of the Reserve?
I am about to pull the trigger on a condo in Pasadena, CA and upon digging into the financials of the HOA discovered that they are funded at about 30% of what the third party HOA analysis firm would consider a full re...
O'Neil Mbakwe
TAX PROTEST ON NEWLY BOUGHT HOME
Hello,I recently bought my first investment property in Austin,TX. I bought the home for more than it appraised for in the CAD due to neighborhood comps. I recently received a notice to protest the appraised value of ...
Carol Hu
Should I pay off the special assessment if I am planning to sell my rental condo soon
I have a studio condo that I am planning to sell in the next few years. The building just went through a 1MM remodel and my unit has a special assessment of $7700. I have the option of paying it off in one shot or doi...
Nick L.
Insane city assessment values!
Just got my re-assessment letters for 2016. Is it me or has the City of Milwaukee gone insane?My LOWEST increase on a multifamily property was 25%. I had one at an 80% increase!!! Most were around 40-60%.Has anyone el...
Jorge Abreu
Reviewing a Real Estate Deal Like A Professional Underwriter
Real estate syndication funding starts with limited, passive investments that cover, at minimum, the down payment on the purchase of a commercial real estate asset, such as a multifamily investment property.
Before c...
Elissa Krapp
List of questions to ask HOA in So. Florida
Looking to do a deep dive into HOA's of potential condos I plan on purchasing in So. Florida area. Does anyone have a comprehensive list of questions I shoud be asking of the HOA so I do not miss anything important! ?...
Robert Miller
Question on Tax Assessed Value
How accurate is the County assessed value on a property?
Where I am there are no comps to compare to,Is there a way to use the Assessed value and deduct a percentage to get an accurate number?Thanks in advance