Found A Property For An Investor

I am not a real estate agent but I was marketing an area and found two apartment units for sale in Fort Worth area that are up for sale at below 2009 tax value. The owner lives in California.



*Any one tell me how I can get investors interested in the property. I am a commercial loan broker only..



*Can I obtain a fee for getting investors interested in the property?



*My bottom line is I want the Loan!



Marian Thomas
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Comments(2)

  • maverickstar27th October, 2009

    In texas the 2009 tax rate is normally 80% of the value of the property (market value). This property is selling at dirt cheap.

    Values apreciate only 5-10% a yaer in this part of Texas.

    Marian Thomas

  • KNOWITALL31st October, 2009

    The tax rate in Fort Worth maybe 80% of value, but this is certainly not true for the entire State of Texas. I live in Austin and have several rental properties located in Williamson and Travis County. The taxing authorities are actually audited to make sure that they are taxing at 100% of value. Of the nine properties I own at least half of them are tax valued above the market value.

    For example, I received a tax appraisal for a 1100 square foot home with a tax value of $184,000. I filed a tax protest and the tax value was lowered to $182,000. If I could sell it for $165,000, I would laugh all the way to the bank.

    Quote:
    On 2009-10-27 16:20, maverickstar wrote:
    In texas the 2009 tax rate is normally 80% of the value of the property (market value). This property is selling at dirt cheap.

    Values apreciate only 5-10% a yaer in this part of Texas.

    Marian Thomas
    Quote:

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