All Forum Posts by: Bob Razler

Hello:

Never go by google maps for property issues like this.  Go down to the county courthouse and pull the file on the lot.  Hopefully, there is a plot plan done by a surveyor at some point in the past.  The county should also have tax maps that show all parcels (with rough dimensions).

Those resources should give you an idea of the lots involved and the respective owners.

Good Luck!

Bob

Hello @Krista Carter !  Congrats on your decision.

I am jealous of your market.....I wish I lived in a place like yours!

Best of luck!

Bob

Congrats @Pedro Jimenez ! 

Learn and network all you can.  Find a great mentor and partner with an investor to learn the ropes.

Bob

Welcome @Ken Alston !  Congrats on your decision!  Best of luck!

Hello @Hans Waisfeld !  Welcome!

Good luck in your learning and REI career!

Bob

@Nick Ferrari they will build a better dummy.  :-)

Hello @Clayton Crawford :

Many states/municipalities use a multiplier or millage to calculate taxes.  It has its uses but it also lets them increase/decrease the taxes without reassessing all the properties.  You just raise the multiplier and taxes go up.

While the assessed value can have some relation to your property value, it's not uncommon in some area's where it is not accurate.

Bob  

Hello @Ken P. 

Congrats on your success!

 Hello @Edward Shen :

Congrats on your decision.  I grew up in Philly and after dealing with the prices down here I am envious of your market now!  :-)

Are you planning to fix them up and flip or seek our underpriced deals and flip as is?

If you are fixing up, renovation costs are going to be one of your biggest risks.  I echo the advice of @Kevin Wiley .  Get out there and meet people.  Get some mentoring on estimating repair costs so that you don't end our buying a loss.

Best of luck!

Bob

Hello @Vanessa S. :

Check your state law but I think in most States posting a notice to the property is valid.

How are you receiving rent payments?  Mail?  Drop off?  Do you have any in person contact with the tenant?

On a related note, a tenant who is so tough to communicate with may not be someone you want to keep.  Maybe you forego the short term increase and just plan on not renewing the lease.

Best of luck!

Bob