Has anyone had any experience working with an accountant to submit the TC101 to the Tax Commission to dispute the assessed value of a multifamily? I want to appeal the tripling of the assessment for 2020 and thought a...
I’m currently assessing several markets within the Chicago metropolitan area, and am trying to identify the best way to measure ‘rentability’ of a particular area. By rentability, I’m referring to what makes an area ...
Hi BP,Getting more interested into REI, I would like to assess my personal financials.On top of my head, some main factors are income, debt, FICO, and rental fees.I feel that there is much more to consider. What infor...
Can someone explain this to me. I feel like I’m getting something foundationally wrong.
From my understanding, a properties value is NOI/cap rate. Is this correct?
What I’m not understanding is, it seems like the hi...
Good morning all, Has anyone noticed a recent tax assessment hike out of nowhere on their properties? My brother has a property down the shore here in New Jersey and was recently assessed and now pays $2500 more, annu...
Hi there,I’m curious as to how a capital needs assessment or any other due diligence study is paid for if the sponsor’s goal is to have none of their own equity in the deal? In other words, if you’re bringing a deal t...
I've seen mentions that property tax is assessed at 35% of the appraisal. So a 3% tax rate on a $100k house would be:100,000 * .35 * .03 = $1050/yearHowever, the Cleveland County Tax Calculator does not include the 35...
I'm considering making some upgrades to a property so that it would pass the HCVP inspection, because I could get more rent from it if I were to rent it for the maximum rent approved for the neighborhood that it is in...
Hello,
I purchased my first property (a condo) in Atlanta, GA last May. The condo is in decent condition and has no major issues but it is outdated and could use some renovations. So far, I have just furnished the u...
I own a quadraplex and the county just did a reassessments of tax values. Mine just dropped from 150k to 50k. Everyone else in the county is complaining that their assessments went up by 75%-100%. I was expecting m...