27 May 2018 | 2 replies
I completed the analysis with a $30k decrease in price at $215K.
29 May 2018 | 23 replies
We listed the house frantically (1% commission), staged it a little early on net 60 terms, and did several open houses, decreasing the price dramatically in hopes that I could get out quick and at least break even.
28 May 2018 | 8 replies
I copied this from a search on real estate ROE:Return on Equity (ROE) ratio calculates the amount of return generated in a particular year on the total amount of equity invested (or trapped) in a property.The amount invested (or denominator) is calculated as the initial investment (down payment) plus the entire increase in net property’s appreciation and the entire decrease in outstanding loan balance incurred prior to the year the ratio is being calculated.Cash-on-Cash Return is a similar calculation, but since the two draw backs of the traditional Cash-on-Cash Return are that property appreciation and principal debt payments are not factored into the formula, Return on Equity adds these two components to the traditional Cash-on-Cash Return calculation.A property’s net equity increase is calculated by determining what the “Net Sale Proceeds after Taxes” would be at the beginning of a year, and then again at the end of the year.
31 May 2018 | 1 reply
Short increases the chances of a return call but being too vague decreasing the chances.
30 May 2018 | 0 replies
My purchase price is 230k, and I'm wondering what the process would be to have it re-evaluated to decrease assessment.Thanks in advance.
12 June 2018 | 41 replies
In the past, there could have been a decrease of list to close of 15K.
10 September 2018 | 96 replies
Regarding your growth note, I did see that NE ohio some of the population is decreasing.
2 June 2018 | 3 replies
Keep in mind that some improvements and renovations you have made over the years will likely increase your basis in the property and decrease you capital gains.Make sure you find a CPA who specializes in real estate, rather than someone who works with all industries.
10 December 2018 | 23 replies
You will generally see a 70% decrease in premium with the certificate.
3 June 2018 | 3 replies
If you pay less than the assessed value, the property taxes should decrease the following year, but not the year that you purchase the property.