Magic Masons Explains all about Buying Property in goa
Posted by
Nutria in
Real Estate News on
March 22nd, 2009 |
18 responses
Watch the video related to property
This 10 minute video is a must to see
Help answer the question about property
What affects property taxes and how often to they fluctuate?
We're looking to buy a home in Michigan within the next month or so…if the property taxes for the previous years averaged around 3K a year…does this mean this will likely remain the case, give or take a few dollars? Can property taxes go up astronimically without warning?
leg of chair/stool or a ‘relaxing massager’
at first it looks not so bad… but then…
btw what kind of crap alcoholic gets hooked on sake?
HOLY SHIT there were bugs flying around in the damn fridge. Thats fucked up. I really hope you guys got that place cleaned with help. What the hell is wrong with ppl. And I really dont think you should have to check up on the ppl you rent to but unfortunately it seems like you have no choice in this sick world.
The amount of foreclosures will reflect on your property taxes as well as value. Thats the problem with homeowners who have not lost their homes. The foreclosed homes around it brings its value down and the crime in.
You claim the amount you actually paid in property tax on both places.
ur rental property is/was a crack house…
Hire a house mover for a weekend- moonlighting. Have them jack it up an inch or less (5K plus or minus) . Cut all the plumbing carefully and plug them-add risers later. Start cranking the house up with a bunch of buddies and a transit level (absolutely no beers on the premises). Go as high as the Mover allows you, then follow the plans of a structural engineer for the new footing- demolish the old concrete footing with a 1 day jack hammer rental and form up to the existing mud sill. That's about it, mostly very grunty work, hire some illegals, hell, everyone else does. If you can't do it for under ten grand you didn't organize it well enough. P.S. make sure its' not gonna rain- that's a complicator and a half.
Here is some info.-
Best and Worst States: Based on data from the 2002 census, the following five states have the lowest local property taxes per capita/year. They are Arkansas ($191), Alabama ($285), Kentucky ($376), New Mexico ($380), and Oklahoma ($425). The states with the highest local property taxes per capita/year are: New Jersey ($1,871), Connecticut ($1,733), New York ($1,402), and Rhode Island ($1,369).
http://www.retirementliving.com/RLtaxes.html
http://money.cnn.com/2005/04/08/real_estate/tax_friendly/index.htm?postversion=2005041111
http://www.taxfoundation.org/publications/show/255.html
Too good to be true.
If they gift the property to you, you get their basis *and* their 1250 gain (this is actually "unrecaptured" 1250 gain, recaptured depreciation is something else).
If they die and leave you the property and it's not 2010, you get the step up and start over.
its cleaner then my joint. how much to rent?
OMG! Disgusting!
never heard of that county, did you contact the county office…how many people on yahoo are from that county with that kind of knowledge??? amazing lol.
Speaking of maggots in the fridge. Few yrs back I bought a new fridge .Moved what I thought was all the food contents into the new fridge from old fridge. put old fridge in garage . 4 wks later odd smell in garage . opened up fridge maggots galore .Where did they come from? They broke out from the inside of a tvdinner box I missed when moving the food. the box was broken from inside out which tells me the maggot eggs were already in the tv dinner from the store. I dont buy TV dinners anymore
5:06 on the floor?
Residence loans are normally a longer term, up to 30 years, and a lower rate.
So if you have a investment property that you have now decided to make you primary residence I would check with the bank and see if you could refi it. It will probably save you money. However you are not required to.
As for doing it the other way primary residence to investment property? I know several people that will buy a home fit it up while living in it for the required 2 or 3 years and then turn it in to a rental home and buy another home.
The previous owner never had a permit to convert the garage, or the owner would not be being asked to demolish it.
If he writes to the city, or OC development and explains that he does not have the finances at this time, but that he will do it by such and such a date, and that the room will not be used as living space meanwhile they may be kind.
The reason they have to ask him to convert it back to a garage is because it is a fire hazard, so he probably doesn't want to be using it as a room anyway. It is really unsafe, who knows how the previous owner has rigged up the electrical.
seadreams247 and sorryociffer, I can relate as a past landlord because tenants have rights to privacy and every other tenant leaves the place like this. They all seem to have good references (probably fake) I owned 19 units and I would never do it again. This tenant stayed for a year. Most tenants take off after a month and leave it like this. Give the landlord a break. He is not a babysitter!
You want a secured note, you want a lien on their property. Easy to do, see an attorney. Forms at stationery store. Then you record it against property with county so that title can't be transferred without you finding out.