Annunciata R.
Implications of Selling a piece of land for $1
Due to an error made by my local county my lot was valued from $55K to $1.4M. The land was bought by a trust where I am the beneficiary, spoke to the relevant officials and they agree with the anomaly however they ...
Marek Los
Question about property tax increases
Hi! So I bought my first house a year ago, and everything was going really well up until I received this years property tax assessment. For some reason, the "improvement" part of it nearly doubled, and as a result m...
Matthew Orton
Michigan SEV Calculations
I have an opportunity to buy a student housing property that was sold a few years ago for $8M, at a reduced price of ~$5M due to Covid and a few other issues. The property has an SEV close to 50% of the original $8M p...
William Hochstedler
Equalized Value
Great podcast.
Ankit described using equalized values during the due diligence period. I am not familiar with this term. What are equalized values and how are they used in the analysis?
Thanks,
Wm
Paul Alphonsus
Aspiring Investor from Canada
I am from British Columbia in Canada and looking to start investing in real estate. I have been doing some reading and investigating the market where I will be doing my first investment, I am leaning towards Alberta. ...
Jeffrey Butler
Converting 4-family into 5-family apartment
Hello fellow BPers!It took me about 5 years to finally make the decision to invest in real estate and now that I feel I'm late to the show, I want to jump in full speed ahead.I could probably fill this post with thous...
N/A N/A
Assessor's land value too high?
The county assessor's apportionment of land v. improvements seems a bit high to me. On the 4 houses I purchased this summer, the land values are 42%, 42%, 33%, and 22% of the total assessed value. For depreciatio...
Matthew Pierson
Determining Value of Single Family Home
Hello!So I am new to real estate investing in general, and I am starting to play around with some of these calculator tools. Is it typical that Tax assessment is significantly lower that what the estimate and asking p...
Molly Jones
How can property taxes go up by 164%?
I am very new to this, so I was floored when I found a property that had a tax increase of 165% in one year. https://www.zillow.com/homes/3800-36th-St-E,-Minneapolis,-MN...Is this normal? Can anyone explain why this h...
Shankar Sridhar
Estimating property tax increase before buying rental property
Hi folks,
I am under contract for a single family in Indianapolis. Its a 4 bed 1.5 bath 1248 sqft house with detached garage.
I am trying to run numbers to know my cash on cash return etc.
I got the county assesso...