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Tax Assessment Decrease - Purchase Price well below Assessment
Hello BP Team,I have a property under contract which is assessed at 300k. Two identical properties next door (don't know condition or finishings) are assessed at 235k and 270k. My purchase price is 230k, and I'm wonde...
Anya Nanda
How often do condos get assessed for special assessments ?
Hi All,I am a newbie investor and am looking at condos in my area as potential investment property. The numbers and returns work and maintenance is limited so condos look like an attractive option for me.I wanted to k...
Nicholas Sanchez
HOA Special Assessment
Hello!
I was recently assessed a $200 charge from my HOA on my personal residence in Chicago. The charge is for a "dryer vent cleaning" that each unit must do. I was just wondering why this is not a part of the month...
Wesley Robirds
Assessing a property
I'm looking into my first potential investment, I'm looking for help on how to figure out how much I should offer I know the list price $550,000 on four units, current rental income $3595 the property is in good shape...
Donald Dye
Assessing the neighborhood
I’m looking into buying a single family home in Cleveland Ohio to flip. How can I research the current home sale prices and rents in a particular neighborhood?
Thank you for your help.
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Tax Assessed Value
Hi Guys,
I know people dont really pay attention to tax assessed value, it is the comps of the area that is important. But since the market is soft now - you can't really depend on the comps from 6 months ago. Peopl...
Jeffrey Carnicom
Special Assessment Credit
Should an HOA be allowed to give credit to owners that are able to participate in a clean up day exempting them from a special assessment while assessing the rest of the owners that do not or, more important, cannot p...
Shaidah K.
BC Assessment values
BC Assessment posted updated property assessed values on January 1st, 2019, assessed on July 1, 2018. I use these values as a conservative value when calculating my networth. All my properties have gone up in value. ...
Ader Viloria
City property assessment
I recently purchased a 9 unit residential apartment building, the city sent out a third party assessor to evaluate the property for property tax purposes. I owned the property since July, 2018, on the assessors report...
Jason Ehlert
Assessing Rental Properties
I am learning how to analyze deals currently and saving up for the down payment. When assessing a deal what are the expenses newbies need to know about that many forget?