First investment purchase... Tax Value vs Market Value?
I am about to put in my first offer on a Multi-family Home. I have ran through the numbers over and over and have found a property that I believe maximizing my Cash for Cash returns with the least amount of risk, in my area. The property I am debating to make an offer on is asking $68,000 and shows good income, which I will post the details below. My concern is that when I research the taxes the home value is only $52,000. Most Multi-family properties with this income are valued higher. Should I take the tax value into account, or value it based on what I see in the area? Any advice would be appreciated. Here is the details, assumed at full purchase price.