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All Forum Posts by: Dan Garrigus

Dan Garrigus has started 4 posts and replied 54 times.

Post: Estimating property taxes for analyses

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Mary Ainsworth:
Quote from @Dan Garrigus:
Quote from @Mary Ainsworth:
Quote from @Dan Garrigus:
Quote from @Mary Ainsworth:

Hey! I'm just learning how to analyze deals and I'm confused about how to estimate property taxes. 

option 1: someone told me that property taxes are about 1.25% of a property's purchase price

option 2: the mortgage estimation on the MLS + property tax estimator on the MLS

Which of these 2 options would be more accurate?

Thank you!!


 Hi Mary!

Hope you're having a great Monday! Great question by the way. We use the 1.25% as a good rule of thumb when preapproving our clients as we do not know where our buyer's property will be. 

With that said, if you're just estimating what a properties taxes will end up being then the 1.25% figure will work just fine. Most cases that rate may be a bit high, making your overall taxes for the year a bit cheaper. Thats a win for you.

Here is a link that I think can bring you great value. San Diego Taxes

Hope that helps!







 Thanks Dan! Very good to know I'm using a fairly accurate number at least in these initial analyses :) 


 Mary that link will bring you to a PDF with all the current tax rates in SD. just scroll all the way to the bottom to find the market that you are looking for to get the most accurate figures.


 Wow it has so much info, thank you!!


 You're very welcome!

Post: New (and frankly nervous) member to BP!

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28

@Evan Alfaro to the BiggerPockets Family!! Age means nothing my man, I'm 37. the only thing that matters is that you're getting started. Stoked to see another new member from Southern California, I'm in San Diego. 

Post: Hello Everyone, From San Diego, CA

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Gaetano Ciambriello:
Quote from @Dan Garrigus:
Quote from @Gaetano Ciambriello:

Hey @Dan Garrigus - where in CT did you move from?


Hey Gaetano! I moved from a small town called Wolcott, you may or may not have heard of it. I know many who have lived in the state for a while who never heard of it or knew where it was located. 

I see you have some strong roots in CT. Have you always lived there?


 Yes, from Trumbull, CT! And I have heard of it, never visited.


 Don't blame you for that, I'm sure Trumbull has its fair share of DD, gas stations and pizza. Thats pretty much all my small town had when I was there, safe to say its probably the same to this day. How's the market been treating you over there? I know a few agents in that service that area that have been staying pretty busy.

Post: Estimating property taxes for analyses

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Mary Ainsworth:
Quote from @Dan Garrigus:
Quote from @Mary Ainsworth:

Hey! I'm just learning how to analyze deals and I'm confused about how to estimate property taxes. 

option 1: someone told me that property taxes are about 1.25% of a property's purchase price

option 2: the mortgage estimation on the MLS + property tax estimator on the MLS

Which of these 2 options would be more accurate?

Thank you!!


 Hi Mary!

Hope you're having a great Monday! Great question by the way. We use the 1.25% as a good rule of thumb when preapproving our clients as we do not know where our buyer's property will be. 

With that said, if you're just estimating what a properties taxes will end up being then the 1.25% figure will work just fine. Most cases that rate may be a bit high, making your overall taxes for the year a bit cheaper. Thats a win for you.

Here is a link that I think can bring you great value. San Diego Taxes

Hope that helps!







 Thanks Dan! Very good to know I'm using a fairly accurate number at least in these initial analyses :) 


 Mary that link will bring you to a PDF with all the current tax rates in SD. just scroll all the way to the bottom to find the market that you are looking for to get the most accurate figures.

Post: New Investor in San Diego looking for advice!

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28

Hi @Nathalia Forti

I hope you're having a great day. I too am in SD and would love to connect to see how we can add value to each other.

Post: Estimating property taxes for analyses

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Mary Ainsworth:

Hey! I'm just learning how to analyze deals and I'm confused about how to estimate property taxes. 

option 1: someone told me that property taxes are about 1.25% of a property's purchase price

option 2: the mortgage estimation on the MLS + property tax estimator on the MLS

Which of these 2 options would be more accurate?

Thank you!!


 Hi Mary!

Hope you're having a great Monday! Great question by the way. We use the 1.25% as a good rule of thumb when preapproving our clients as we do not know where our buyer's property will be. 

With that said, if you're just estimating what a properties taxes will end up being then the 1.25% figure will work just fine. Most cases that rate may be a bit high, making your overall taxes for the year a bit cheaper. Thats a win for you.

Here is a link that I think can bring you great value. San Diego Taxes

Hope that helps!






Post: Hello Everyone, From San Diego, CA

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Andrew Syrios:

Welcome to BiggerPockets Dan and best of luck investing!


 Thanks for the Welcome Andrew! Looks like you and your team are doing well over there in the KC area. What is your ideal property profile to invest in?

Post: Hello Everyone, From San Diego, CA

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Nate Sanow:

Welcome to BP. Congrats on getting started. That’s a big move but at least you made it to heaven. I’d like to move there, I need to do about 50 more flips to be able to afford it tho ;) 


 Hi Nate, thanks for the welcome! It sure was a big move and can't say it was easy, but it was definitely worth the risk and uncertainty. Like anything else in life sometimes its best just to put a plan into action and work out the kinks along the way. If you ever have any questions pertaining to San Diego let me know, I'd be happy to chat. Have a great day!

Post: Hello Everyone, From San Diego, CA

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Gaetano Ciambriello:

Hey @Dan Garrigus - where in CT did you move from?


Hey Gaetano! I moved from a small town called Wolcott, you may or may not have heard of it. I know many who have lived in the state for a while who never heard of it or knew where it was located. 

I see you have some strong roots in CT. Have you always lived there?

Post: Hello Everyone, From San Diego, CA

Dan GarrigusPosted
  • Lender
  • San Diego
  • Posts 57
  • Votes 28
Quote from @Nicholas Coulter:

Welcome to the team! I am a investor agent down in SD and the IE!


 Thanks Nicholas for the welcome! Looking forward to exchanging value.