All Forum Posts by: Chris Thompson
Chris Thompson has started 4 posts and replied 4 times.
So the condition of the property has been altered mid escrow.
We are in escrow to buy 3.5 acres land only. And a neighbor trespassed and illegally graded part of the land to divert the flow of water away from his property. Seller doesn’t want to deal with this and has sent us a Notice to Perform. Police report and code enforcement have been notified.
Do we have any other options
I feel the seller should restore the land as close to original as when we signed to open escrow.
Thought please.
Post: 1st Flip what method do you guys recommend on the withholding tax
- Posts 4
- Votes 0
Sales Price $350,000
Profit after everything is $40,000
California Form 593 is gives me the option to withhold 3 1/3% of Total Sales Price
Or
12.3% of Gain on Sale
Has anyone purchased a Meth Contaminated Property in California? If so please share your experience.
Does applying for a heloc affect your property Taxs in California? The reason I ask is because purchase price was $345,000 cash and about a year later after rehab value is around $500,000. After they appraise the home when applying for a heloc will the new value be reported to the county tax assessor for an increase in property taxes? Thanks in advance