Updated over 1 year ago on . Most recent reply
Letter from City Regarding Reporting Improvements
We are new real estate investors. We received a letter from the city regarding a home we purchased. They want us to tell them (1) what we did to improve the home, (2) how much we have spent, and (3) how much we purchased the home for initially. I am inclined to ignore the letter because to me it seems like they are asking me to provide information that will raise my property taxes. We are in Texas and we do not have a state income tax, they operate off of property taxes so they are higher.
Experienced investors, please let me know what you would do.
Most Popular Reply
@Kyle McVay
Yes that is typically why they send that out.
- Chris Seveney
7e investments
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