I made an offer on this investment property

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  • Kard63
    Confirmed User
    • Nov 2003
    • 8944

    #1

    I made an offer on this investment property

    Its about a 120,000 house, I offered 100,000. The property taxes on it are $4,000 a year. How the fuck does that work? No way would I offer more having to pay for that.
  • AlienQ - BANNED FOR LIFE
    best designer on GFY
    • Mar 2003
    • 30307

    #2
    obviOusly its not an investment then.

    Comment

    • Juicy D. Links
      So Fucking Banned
      • Apr 2001
      • 122992

      #3
      pics? region? some more info

      Comment

      • Kard63
        Confirmed User
        • Nov 2003
        • 8944

        #4
        Originally posted by AlienQ
        obviOusly its not an investment then.

        Well, it comes with a lot on the coner that is zoned for a duplex. With taxes that fucking high the lot might be the better part of the deal. But I plan on appealing the assessment of taxes if they accept my offer.

        Can I bribe the assesor when he comes out to take a look ? lol. seriously.

        Comment

        • GTS Mark
          Vrume Mark
          • Jan 2001
          • 20912

          #5
          One of my income properties is over $5,000 a year in property taxes? What is your point?

          DH

          Comment

          • Juicy D. Links
            So Fucking Banned
            • Apr 2001
            • 122992

            #6
            Originally posted by DrinkingHard
            One of my income properties is over $5,000 a year in property taxes? What is your point?

            DH
            I want to lick puotine off of your man boobs

            Comment

            • Kard63
              Confirmed User
              • Nov 2003
              • 8944

              #7
              Originally posted by Juicy D. Links
              pics? region? some more info

              Here ya go juice.

              http://www.realtor.com/FindHome/Home...6&lnksrc=00002

              Comment

              • Kard63
                Confirmed User
                • Nov 2003
                • 8944

                #8
                Originally posted by DrinkingHard
                One of my income properties is over $5,000 a year in property taxes? What is your point?

                DH

                My point is I bet that house is worth a lot more than this one.

                Comment

                • Juicy D. Links
                  So Fucking Banned
                  • Apr 2001
                  • 122992

                  #9
                  Multi-family Property
                  Area: Marion Perry
                  County: Marion
                  2 total unit(s)
                  Year Built: 1965
                  Age: 40 year(s) old
                  Approximately 2881 sq. ft.
                  Two story
                  Style: Ranch
                  1 car garage
                  4 Murders have occured here since 1970 <----WTF?

                  Comment

                  • tungsten
                    Too lazy to set a custom title
                    • Mar 2004
                    • 10579

                    #10
                    Originally posted by Kard63
                    thats pretty nice.. good luck
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                    • lightswitch
                      Confirmed User
                      • Feb 2001
                      • 870

                      #11
                      Whats the rents in that area?

                      Comment

                      • woj
                        <&(©¿©)&>
                        • Jul 2002
                        • 47882

                        #12
                        wow, that's pretty cheap, around here you will be lucky to get anything close to that for under $200k...
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                        • Kard63
                          Confirmed User
                          • Nov 2003
                          • 8944

                          #13
                          Originally posted by lightswitch
                          Whats the rents in that area?
                          I'd probably get $550 from one side and $750 from the other.


                          Originally posted by woj
                          wow, that's pretty cheap, around here you will be lucky to get anything close to that for under $200k...
                          No one that hasn't been in Indianapolis their whole life would want to be here. Worst water of any big city, crappy police, everything is ghetto or redneck so all houses are cheap here. You can drive down the street and see a 3 tier tree house....

                          Comment

                          • Sosa
                            In Tushy Land
                            • Oct 2002
                            • 40149

                            #14
                            damn almost 3k sq ft and 120k? jeeze what is that neighborhood like.

                            Comment

                            • aflex
                              Confirmed User
                              • Oct 2002
                              • 3127

                              #15
                              my friend is buying up East Orange / Newark NJ multi family homes.. cheap as fuck.
                              self made mothafucka.

                              buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.com

                              Comment

                              • Fukeneh
                                Confirmed User
                                • Mar 2004
                                • 1245

                                #16
                                thats a dick load of property taxs, does the state its located in have sales tax too?

                                Comment

                                • Kard63
                                  Confirmed User
                                  • Nov 2003
                                  • 8944

                                  #17
                                  Originally posted by Fukeneh
                                  thats a dick load of property taxs, does the state its located in have sales tax too?
                                  Yea doesnt every state have sales tax except nevada and new hampshire ? 6% here.

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