Hi BP!This is going to be my first question in the forums after buying my first property on July of this year. I bought a triplex, and while I’m extremely happy to be living rent free, the property needs a lot of main...
A realtor contacted me and asked if I determined market value by assessed value which I don't. My question is who does how and why?
Hi everyone,I bought a condo in San Diego just over two years ago as an investment. Long story short we just received our second supplemental HOA bill in two years time, this one being around 150$. Is there a websit...
I bought a duplex about a month ago in Minneapolis and just talked to my assessor. I'll mention that he knows me as almost all my properties are within a 2 mile radius and he's been in several when I've challenged my...
I see a lot of wholesalers offering properties without a lot of sells. Is this area hard to find buyers for or do buyers want to be closer to the city? Areas like University Park, Steger and nearby. They seem like ...
How can I calculate property taxes? there is a formula that I can use?
Ive come across a property in my city that is currently mixed use ( one office and 3 luxury apartments) listed at 399,900. Current Data are:
NOI using previous tax assessments is 37,000 per year
Annual Rents are 43,2...
Hey All,This is such a great forum. I am glad to have come across it!
We are in the process of buying an investment home. Property tax is pretty high at 2.7-2.8% (from what I see) in the areas we are looking for (Thi...
Here is the deal:
2 unit rental property
Purchase price $255,000
Unit 1 rent: $1,400
Unit 2 rent: $1,100
Garage rent: $100
Property is over assessed for taxes $11,700 in annual taxes assessed at $406k (this will be ...
Can a house go into foreclosure if it has a lot of equity ie. $60,000 ? I would think the bank would work something out with the homeowner if they had that much equity.
I am just trying to determine if I should look...