Michael Sarrail
Why can't it be funded
I am interested in a duplex. It has been fully rehabbed. The numbers make sense to me.Now, the seller is saying that it can only be sold cash ... They are cash only because there are not any comps in that area to supp...
Account Closed
What is an underwater high-end house?
What is an "underwater high-end house"? How do you go about finding one? And how do you know you've found one?
Frank Schwarz
Property taxes are twice as much as the mortgage!
I was just looking at a property and was amazed that the property taxes are so high!The house is on the MLS for $56,000 and the taxes are $6460 annually.Checking past tax amounts showed that in 2011 they were $14,498 ...
Thad Hayes
Following Trend of SFR through CAP Rates
I want to get my foot in the door into an untapped hot market but I just don’t know where or how to begin. Before diving, how do I determine what cap rates or areas should I scout for especially for a market that I’m ...
Prithvi Sri
How much value add is from raw land to land with approved plans?
There is a property of 8 acres costing around 3.5M (approx 10$ or less per sqft for the raw land). I am pitched by the developer that if we can get the approvals for 180k sft area warehouse on the plot (the land cost ...
Miguel Nava
Is it "common" to get taxes reduced?
I am looking to buy my second duplex in Cleveland. Taxes in the "Heights" cities are high. Is it too rare to have taxes reduced? What I mean is that some properties that are listed around $100,000 have taxes as high a...
Katherine Nicholl
Chicago 4 flat appraised for a lot more during refinance
I recently got my 4 flat re-appraised to refinance my mortgage and it appraised for more than I bought it for. My goal is to keep buying 1 new investment property a year. What are my options with this new high apprais...
Joshua Hively
Why are the taxes so high on this property in Columbus?
There is a property in Columbus that I am interested in, but I can’t figure out why the taxes are so high. For example, I am currently in contract on a $280k duplex in the city and the taxes are around $4.5k a year. T...
Serena Liao
How to determine the right price
Hi fellows, I’m a newbie here, I understand analyzing cash flow is #1 thing in STR purchase, but I also want to ask about the value holding thing. The purchase price almost dictates your property’s appreciation potent...
James Heinz
Tax Assessed Value vs Market Value - Are the two related?
Good afternoon all,I am new to Biggerpockets and jumping in with my first posted question.....I am considering acquiring a portfolio of single family rentals currently under management. The Market values based on MLS...