Allen L.
underwriting tax increase post acquisition
How should I underwrite tax increase post acquisition? The sales price is 2x the current appraised value of the property. I'm afraid that the next time county assess the property, property tax will double. What should...
James Samsing
Energy Efficient Mortgages
Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage? Interested in flipping a home that would qualify based on HERS rating + energy savings and would like to pa...
Brie Schmidt
Milwaukee Tax appeal
Do you guys appeal your tax assessment in Milwaukee? We have lawyers in Chicago that do it so I was wondering if there is a service in Milwaukee and if anyone has recommendations?
Jordan Shutts
Texas Property Taxes
I'm currently acquiring single family rental properties for clients in Texas. In my evaluation of these deals I pull the last tax bill to find the millage rate. Should I be multiplying the millage rate by the ARV, pur...
Bryan Hancock
Ranking Your Small Regional Lender - Help To Come Up With Scoring!
Our guidance line relationships have grown of late to the point where we have put together a draft ranking mechanism for our "horses" in an attempt to get the most favorable terms from our lenders. Special thanks to ...
Account Closed
Middletown CT, fight a 40 percent tax increase 2023
Hi all,I have a single family home I purchased in June 2021 for 200k.Aside from cleaning up the yard, painting, and new water heater there have been no improvements.I recently got a letter that my taxes are going up a...
Brittaney Woods
When Figuring Out an Offer to the Seller
Ok, from my understanding it is necessary to use the tax assessed value to help make an offer to the buyer. But I was told by another wholesaler that the assessed value can sometimes be wrong and the house may be wort...
Jon Fults
Question on Idaho Property Tax
Hi all - this is my first post on BP. I am just getting into this space and own a couple of properties currently in Utah. I am currently looking at a multi-family property in SE Idaho (would be my first in the state) ...
Denny Pugh
Property Tax Value
I am in North Carolina. I have a chance to purchase a property at 50% of current tax value. Both the owner and I agree that the value it is way to high based on recent comps in the area. Is the county under any obliga...
Anwar Mai
Property Tax Appeal in San Mateo County
I purchased my home in San Mateo County last year for $1,525,000 in a private party sale. The county assessed it at $1,700,000. It was on the open market for a month with no takers. There were 2 homes in my developmen...