Carol Hu
Should I pay off the special assessment if I am planning to sell my rental condo soon
I have a studio condo that I am planning to sell in the next few years. The building just went through a 1MM remodel and my unit has a special assessment of $7700. I have the option of paying it off in one shot or doi...
Mel Sims
What determines HOA Fees for condos
I’m from a city that has very little to no condos. I was looking at a few condos in Atlanta, and noticed that some I was looking at, their HOA fees were way more than others. What determines the price of an HOA fee fo...
Michael Faudoa
How to find property taxes
I am a new investor, and my agent sent me a duplex that shows some promise. I want to plug the numbers into the BP rental calculator, but I can't find the property tax. The listing is not public so I can't use realtor...
Kevin K.
Property Tax on first residence
Hello again BP,I'm looking at a duplex in a suburb of Chicago as both my primary residence and my first home, live in one unit while I rent out the other. I'm looking at an FHA loan to get this going because I don't h...
Allen Freeman
Sudden property tax increased
When viewing property tax history on Zillow, I frequently see these huge jumps in property taxes from year to year, sometimes 100% increases (see attached example). Sometimes these are rehabbed houses, but many times ...
Sam Shirazi
Help on property tax calculation
Hi All,So I just closed on a property in Austin (needless to say had to overpay to outbid) but wanted to ride the appreciation over next 3-5 years with atleast break even strategy for CoC.I am a bit worried on propert...
Eric Doe
Buying Multi-Units and Investment Property in Hawaii
Good Afternoon! I am hoping someone can help me answer a few questions or offer some experience with properties in Hawaii. We are seeking a multi-unit, potentially to owner-occupy with an available VA loan, but may...
Johann Jells
Can anyone explain this cap rate calculation methodology?
This was part of our new assessment on a >4U multi. I can't figure out why they have anything about mortgages in their cap rate calc, I thought cap rate was on a cash deal, where you got it was your business. They ...
Sebastian Sovero
Non-Disclosure by Seller and by HOA during Escrow. Is my deposit at risk?
Hi, I'm in the process of purchasing a condo. My escrow and inspection period are over, closing in two weeks. Deal: Purchasing property for full asking, and also agreed to pay $13.5K due to association for concrete re...
Mark Hamblin
Property taxes catching up to a sales price on apartment building
Looking for some help from Chicago / Cook County multifamily investors, regarding a property tax question. It seems property tax calculations there aren't nearly as straightforward as in other markets... Free high f...