William Walker
The art (scam) of appraisals
I wanted to do a cash out refi so I called my lender. They asked how much I wanted to take out and I said as much as possible. They asked me what I thought the house was worth and I said $250k, Zillow says 255k so abo...
Amie D.
Property tax assessment on foreclosures
Hi all, I bought a small 2/1 SFR foreclosure for $12,900 in KY in 2009 that I renovated and is now a rental. The past several years the tax assessment has stayed at my purchase price as this area has not appreciate...
Joseph Dimaria
Reassessing Taxes, pricing to reassess, Cook County Illinois
I am looking to get my rental property taxes reassessed to increase my CAP rates. All my properties are in Cook County. I have been interviewing companies and have narrowed down a few. It seems that most charge betwee...
Account Closed
Closing on January, Who pays for prior year property tax?
I will be closing on my first property in the last week of January. Do I have to pay for the prior year's property tax?
Marilin Matos
Advice on Escrow Agreement for Garage
I made an offer on a house in January 2020 and we were about to close in March 2020 when the delays due to COVID-19 began. The seller was not able to provide the CO for the house. It used to be a single family home wi...
Leighton Bryan
Deployed member looking to invest in Maryland
I am trying to narrow down the best parts of Maryland to invest in. I know Baltimore is appealing due to the upturn of the market there but I was also curious about other markets that could be a sleeper but still has ...
Spenser Murphy
Lowering Property Taxes?
I keep finding decent multifamily properties. However, when I crunch the numbers, the taxes make the property an impractical investment. Are there tax credits or other means of lowering the property taxes? I know with...
Brendan Ashworth
I analyzed 4,500 zoning variance applications in Boston
Hey BP— I downloaded eight years worth of zoning variance appeals in Boston (you need a variance to break the zoning code). I found it really cool so I wanted to share a summary of my analysis.
1. Denial rates vary d...
Stephanie C.
Adding appreciation to a commercial property
Hello BP, One of my partners and I purchased a commercial building earlier this year. (First RE investment for me) I was wondering if there is any way to force appreciation by doing the bare minimum. Ultimately, I am ...
Joel A.
Lowering property taxes through a tax consulting firm?
Ive been approached by a tax firm telling me they have a 90% success rate at lowering property taxes in Travis and Williamson counties which is in Austin, TX.Im really intrigued by this and may proceed but thought i'd...