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- This topic has 305 replies, 19 voices, and was last updated 15 years, 8 months ago by equalizer.
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December 31, 2008 at 10:14 AM #322378December 31, 2008 at 10:43 AM #321891ocrenterParticipant
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?
December 31, 2008 at 10:43 AM #322235ocrenterParticipantby 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?
December 31, 2008 at 10:43 AM #322294ocrenterParticipantby 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?
December 31, 2008 at 10:43 AM #322312ocrenterParticipantby 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?
December 31, 2008 at 10:43 AM #322393ocrenterParticipantby 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?
December 31, 2008 at 11:03 AM #321901jpinpbParticipantIt certainly doesn’t do much for his credibility and knowledge. Hard to take financial advice from someone not having the wherewithal to pay property tax.
December 31, 2008 at 11:03 AM #322245jpinpbParticipantIt certainly doesn’t do much for his credibility and knowledge. Hard to take financial advice from someone not having the wherewithal to pay property tax.
December 31, 2008 at 11:03 AM #322305jpinpbParticipantIt certainly doesn’t do much for his credibility and knowledge. Hard to take financial advice from someone not having the wherewithal to pay property tax.
December 31, 2008 at 11:03 AM #322322jpinpbParticipantIt certainly doesn’t do much for his credibility and knowledge. Hard to take financial advice from someone not having the wherewithal to pay property tax.
December 31, 2008 at 11:03 AM #322403jpinpbParticipantIt certainly doesn’t do much for his credibility and knowledge. Hard to take financial advice from someone not having the wherewithal to pay property tax.
December 31, 2008 at 11:14 AM #321916patientlywaitingParticipantthat’s too funny. I’ll save you the trouble of looking it up. [img_assist|nid=9942|title=page1|desc=|link=node|align=left|width=77|height=100][img_assist|nid=9943|title=page1|desc=|link=node|align=left|width=77|height=100]
December 31, 2008 at 11:14 AM #322261patientlywaitingParticipantthat’s too funny. I’ll save you the trouble of looking it up. [img_assist|nid=9942|title=page1|desc=|link=node|align=left|width=77|height=100][img_assist|nid=9943|title=page1|desc=|link=node|align=left|width=77|height=100]
December 31, 2008 at 11:14 AM #322319patientlywaitingParticipantthat’s too funny. I’ll save you the trouble of looking it up. [img_assist|nid=9942|title=page1|desc=|link=node|align=left|width=77|height=100][img_assist|nid=9943|title=page1|desc=|link=node|align=left|width=77|height=100]
December 31, 2008 at 11:14 AM #322337patientlywaitingParticipantthat’s too funny. I’ll save you the trouble of looking it up. [img_assist|nid=9942|title=page1|desc=|link=node|align=left|width=77|height=100][img_assist|nid=9943|title=page1|desc=|link=node|align=left|width=77|height=100]
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