Bob Flynn
tax allocation to land vs. apt buildings
I'm a member of a partnership that purchased several four-plexes last year. I have reviewed my CPAs draft tax return and they have allocated 25% of our purchase price to land value and 75% to the buildings. Therefor...
Kyle Eckert
Assessment warning STL
A cautionary tale with actionable advice for STL specifically, and probably REI in general.Advice: When looking at tax numbers for your investment model, make sure the property is assessed correctly when running the n...
Luther McIntosh
Driving for dollars
Ok BP so I have been driving for dollars. For the most part things have been going well, with the exception of a few road blocks. I found two properties with all the right signs of an absentee owner. I take both addre...
Cody Duval
Finding a Property's Current Owner
I have a property that is off-market just down the road from where I live. I live in a New Hampshire lake town, so small camp-like houses are very popular around here. This place is about 700sqft in a corner lot, but ...
Rich Wilken
Help me make a good offer on this 18 unit
Hey all! I've read these forums for a long time and have learned a lot, especially on the multi family side, so I want to say thank you to all who take the time out of their busy lives to help fellow investors out. Lo...
Rod Walker
Locating Property Owners
Hello BP Community,
Can anyone suggest on-line (paid and no-cost) sources to research/locate property owners of record. Seeking solution to reduce "cycle time". I've tried Realtors and title companies but I n...
Robert Chiang
Buying out a family member on a house we own
I own a house with my brother and I am thinking about buying his share so I own the house 100%. The house is free and clear. My brother and I get along, so we want to do this the most fair way possible. 1) How wou...
James You
ADU conversion in East LA
Hi BP community,Not sure if this is the right forum category to post about this topic since it is something only locals in LA could give advice for. So my client is buying a home with a garage unit that has been conve...
Wei Cho
What is better: higher depreciation or property tax bill
Hello!I was researching how to calculate depreciation on my first duplex that I bought and I was browsing through the county assessor website and noticed that my land value is $250k and the improvement value is $28k. ...
Frank S.
Remodeled Home Jumped From $240K to $340K, Should I Protest?
I bought a personal home in February 2016 and spent 8 months remodeling it from the ground up, a total gut job. I moved in December 2016. The 2017 County Tax Appraisal recently came in at $100K higher than last year. ...