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
[addsig]
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
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.
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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
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