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- This topic has 305 replies, 19 voices, and was last updated 16 years, 7 months ago by
equalizer.
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December 31, 2008 at 10:14 AM #322378December 31, 2008 at 10:43 AM #321891
ocrenter
Participantby 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 #322235ocrenter
Participantby 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 #322294ocrenter
Participantby 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 #322312ocrenter
Participantby 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 #322393ocrenter
Participantby 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 #321901jpinpb
ParticipantIt 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 #322245jpinpb
ParticipantIt 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 #322305jpinpb
ParticipantIt 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 #322322jpinpb
ParticipantIt 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 #322403jpinpb
ParticipantIt 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 #321916patientlywaiting
Participantthat’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 #322261patientlywaiting
Participantthat’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 #322319patientlywaiting
Participantthat’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 #322337patientlywaiting
Participantthat’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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