All Forum Posts by: Ryan Watson

i hate HOA's with a passion. they should not have this much power

really? 3 days and no replies? i understand buildings have alot to do with the taxes but still, what about the question?

Im anylizing some commercial properties and have noticed the different tax rates compared to the total property square footages. It seems that the properties that are made up of multiple smaller lots, where the building takes up 75% of one or two the lots has a much higher tax then a lot that is layed out as one big chunk, and the space for the building is a much smaller ratio compared to the lot size. Am I on to something here or can you pull some strings down town to change the property lines around to facilitate a lower tax rate? Im trying to take into consideration asphalt vs stone parking lots as well, but im not sure.

If true would this apply to any zoning?

did you ever close on that deal? im not after an address, im just curious as to the general area or township that has a going rate of 900 a month rent.

even if it hasnt poisoned the water table, you'll have another 4 digit figure in digging out all of the dirt, chasing all the bad stuff down. Which has to be hauled to a landfill. If a test shows the contamination is deeper and wider then the first cut, then they keep digging untill its all gone, or most of it. It wont take long before you have 10,000 in a hole thats just got to be filled back in and covered up. If you ever wanted to expand the house on it you had better make sure the backfill meets compaction or it will render it useless. Ive seen them use compacted limestone for backfill of the remediation hole. I'd hate to see the bill for that job.

Sounds like alot of people touched bases on some good points.

IMO, if you're a serious businessman, no matter at what stage you are, you're time is important, and you dont have time for mickey mouse games. I would stop calling him and move on. His position as a family friend will make him more comfortable than the others, so hes more likely to slack off. Atleast thats how I look at things outside of the RE world, so if i had my hands dirty in a deal, it would be more important than ever to run a tight ship.

congrats on your first deal! what area of indy are you planning to charge 900 for rent in?

thanks for the advice. so what happens when a lien is filed against the property? Does this mean you are going to be out on the streets or does it just "surface" when you go to sale?

A while back i got a medical bill and on the back side there is a form for people to fill out that cant afford the bill and turn it back in. It wants you to list assets and income. Particularly property.

Just how far can they go on what you own to collect for medical bills? Lets say the property is paid for, free and clear and was your only house, your primary residence. What would they do to collect a 5 or 10 thousand dollar medical bill? Could you be foreclosed upon? Or would it just be a lean that would be due at the sale of the property?