All Forum Posts by: Naveen Desai

Would choose A as first option or even spell it out as Michigan! CashHomeBuyerMichigan.com  should work as well. Not sure if already taken.

Hi,  

    I am evaluating to purchase a property south of DFW wherein the county Tax records show that the taxes are nearly $4500 with assessed value of $158000. (Market price may be even higher).  With expected rent in the range of 1350 - 1450, it looks like complete 3 months rent is going to taxes. Is this standard in the region? Appreciate your pointers and is there any ways to reduce taxes if at all possible? 

Thanks. 

Naveen. 

in another transaction, that agent may also need to know that,   the   Husband   could   be a    she !...  ......

@Jay Hinrichs, Thank you very much. I sure get that they would fund and sit in the A/C office and Mint.  For the person doing the work (& risking), it would only work on large value assets, and definitely not for 250K to 400K properties. Anycase, my interest is to keep the info handy and I might never have to use, but info at hand is always good.

I will have to discuss with you someday about lumber industry some day & buying lands on auction for that purpose!

Thanks & Sincerely, 
Naveen. 

@Jay Hinrichs, 

    Can you please share ( possibly inbox) on who in west are doing financing for auction-flips?  Appreciate it.  

Thanks. 

@Greg H.  Thanks for your note. I am thinking in the same lines and have already reached out to selling agent with a discounted price. Looks like they may not be interested in that, as they stated they have sold few such properties already. So I guess it all depends on the buyers and many out there will do whatever to get properties these days.

Hi, 

   I am looking to buy a property in TX which is listed as 4b/2b, but tax records show the property is 2b/2b.  For anyone looking at the house it does look like it is a 4bed/2bath as the garage was converted into additional 2bedrooms and looks like without permit.

What would be implications of buying this property.  It is in DFW area, Tarrant county.

Also the appraisal company appraised it for value, but stated it to be 2 bedroom / 2bath house. Also the sq ft size of the house has discrepancy in records both in Tax records, and what the appraiser's perception of living area is. 

The other thing is property already has tenants and paying almost the upper side of rent range! 

The main factor for me, if I try to correct the tax records, it might end up getting into higher tax bracket  and it may not be attractive investment anymore, but the big question I have is, will the city/county put it into higher tax bracket if we increase number of rooms and dont have to increase sq ft size at the tax records?

Appreciate your advise and also - as an investor, what would you do?  Thanks. 

Thanks for your tips and advise @Lance Lvovsky & @Ashish Acharya. Appreciate your response. Here is a Challenge I have. I have properties/LLC's in multiple (5) states in US. Effectively what has been happening is that each state need to have its own entity or a DBA and correspondingly an accountant and an attorney for each.

As much as this country is USA, it is hardly U in terms of running business across states! I have ever been searching for ONE CPA & ONE Attorney to help me and has not found yet. That is why at times I have to rely on forums on many diff websites.

Thanks. 

Hi, 

   In 2017, I had to make an insurance claim for roof damage and received funds.  I am still exploring contractors to help me with roof fixes. So effectively, I did not spend the amount received from Insurance.  

While accounting the loss or income, will the insurance claim amount become income for 2017?  Appreciate your help. 

Thanks, 

Hello, 

      Just bought a house ( in CA) I will be moving into.  Paid in cash. Looking for the cash-out-Refi and use it for investments. 

Looking for a really competitive financing as of today's market. Calling banks/lenders/mortgage companies who can do cash-out-refi on primary home. 

( Am also in contract to buy a property for investment and therefore need to move quickly), but only if the numbers work for me based of a competitive rate per today's market. 

Please share your rates/criteria and you can also inbox me. My signature has my phone number too. 

Thanks. 

Naveen.