@Account Closed you can find the millage rate on your county website. Just google your county + millage rates. Divide the purchase price by 1000 and then multiply it by the millage rate (ex: my county is ~$23)
@Account Closed we really used projections from the last couple of years as well as the appraisal value... of course as we add value so the assessment will rise and finally the reserves we have cushioned with
@Allyssa McCleery one of he investors has built an empire, with that we had 2 or 3 bank offers that were willing to finance up to 80% but terms weren’t completely favorable so we went an investors personal bank with fixed interest and more favorable terms. The bank saw the instant equity and great deal
@Allyssa McCleery one of he investors has built an empire, with that we had 2 or 3 bank offers that were willing to finance up to 80% but terms weren’t completely favorable so we went an investors personal bank with fixed interest and more favorable terms. The bank saw the instant equity and great deal
Thanks for response earlier. Very interesting so private money lender, most banks give 25 year loans with good interest.