by not paying the $2260 property tax, the said owners of the property incurs a penalty of $226, or 10% of the owed amount.
now maybe the said owners have the $2260 invested somewhere, but unless he is getting more than 10% on that investment, it doesn’t make sense not to pay the $2260.
as for the waiting for a tenant argument, if a property’s vacancy over a couple of months is going to result in you not having the ability to pay $2260 in property tax, you are by definition way overstretched.
and as sdr pointed out, there’s a HELOC of $60k, where did that go?
all of this goes to the key issue: why is this still THE GO TO GUY when it comes to financial advise here in San Diego?
