I am a newbie at this so please bear with me.
I am considering purchasing an investment property in the B/CS area to hold and lease. As part of my decision making process, I looked up all the assessments for that street. The property that I am interested in is assessed significantly higher than all of the other neighboring properties...in fact almost double the neighboring properties.
There's an old saying about never buying the most expensive house on the street...should I be worried?
Somethings to consider:
There is no re-gentrification taking place in this area.
The demographic appears to be about 50% student.
I'm mostly concerned about that difference in appraisal values. I would of course attempt to argue the taxes down if I were to purchase it.
I am considering purchasing an investment property in the B/CS area to hold and lease. As part of my decision making process, I looked up all the assessments for that street. The property that I am interested in is assessed significantly higher than all of the other neighboring properties...in fact almost double the neighboring properties.
There's an old saying about never buying the most expensive house on the street...should I be worried?
Somethings to consider:
There is no re-gentrification taking place in this area.
The demographic appears to be about 50% student.
I'm mostly concerned about that difference in appraisal values. I would of course attempt to argue the taxes down if I were to purchase it.