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How We Saved $1,454 on Our Property Taxes, Part 3

How We Saved $1,454 on Our Property Taxes, Part 3

Note: these appraisal protest experiences are Texas-specific (and possibly county-specific) so please be careful applying them to your own district. Once Corey received our appraised value and filed our notice to protest, it was time to compile any value-supporting data. Below are some places to start, and a notation about whetherRead More
Save $ at Home Improvement Stores w/ Discount Gift Cards

Save $ at Home Improvement Stores w/ Discount Gift Cards

We've been experimenting with discounted gift cards as a way to trim expenses, particularly during make ready cleaning, repair, and maintenance work. (photo by Judit Klein) What are discounted gift cards? Perhaps you received a gift card for a store you don't frequent. Instead of going to waste, onlineRead More
How We Saved $1,454 on Our Property Taxes, Part 2

How We Saved $1,454 on Our Property Taxes, Part 2

Earlier this year, Corey successfully protested the tax valuation of our investment properties – this series shares his experiences and lessons learned along the way. The information below is definitely Texas-specific, and possibly county-specific, so please take caution when applying it to your local area. Step 1 - File a NoticeRead More
Duplex #3 Update - Our Real Estate Gamble Paid Off!

Duplex #3 Update - Our Real Estate Gamble Paid Off!

When we purchased our 3rd duplex in May, multiple offers required an aggressive strategy. Our winning bid was a leap of faith at $6,100 over asking and $11,000 over the appraised value. This post explains the rationale behind our purchase price, and an update on market activity since then. [caption id="attachment_3815"Read More
How We Saved $1,454 on Our Property Taxes, Part 1

How We Saved $1,454 on Our Property Taxes, Part 1

Earlier this year, Corey successfully protested the valuation of our investment properties - this series shares his experiences and lessons learned along the way. The information below is definitely Texas-specific, and possibly county-specific, so please take caution when applying it to your local area. A Rising Tide Floats all Boats -Read More
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Investment Property Balance Sheet – 2014 Edition

With a third property recently under our belt, it's a good time to update our balance sheet. If you're curious how the numbers have changed over time, you can reference earlier versions reflecting one and two duplexes. Duplex #1 Total cost: $181,350, latest comp $232,000 (Mar 2014) Down Payment: $45,350 (25%) Mortgage: originally $136,000, currently $130,247 EstimatedRead More