West Palm Beach, FL · Member since 2016 · 12 posts · 1 vote
Greetings BP!
While researching properties I have run into some that are in great neighborhoods but come with high taxes.I am looking to buy and hold the properties, the properties have potential to cash flow but the taxes do cut into the income. Could there be a way to benefit from the high taxes?
Rental Property Investor · Jacksonville, FL · Member since 2008 · 784 posts · 528 votes
8y
Jonathan Santana here in Florida we can challenge the tax bill in September and many often try, some do well, some do not. It might be worth the cost, if you really like the property.
Rental Property Investor · St. Petersburg, FL · Member since 2017 · 3k+ posts · 4k+ votes
8y
They can be... it depends on how much cash flow you are looking for and how mush the taxes eat into that. Property taxes are deductible as well so that could lessen the burden a little