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Updated over 2 years ago on . Most recent reply

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Denzel Faulken
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Buying a rental with high taxes

Denzel Faulken
Posted

Does it makes since to buy a rental property that has high taxes?

Cash flow is about 250 to 300 a month after expenses. 

I am worried my cash flow could go away do to my taxes increasing with interest rated being high!

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Henry T.
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My rule of thumb is two months of rent should cover one year of property taxes, if two months is not enough you need to raise the rent.....I'm on a quest to make rentals property tax exempt. When I tell my tenants how much of their rent is property taxes their jaw drops. All of a sudden I'm no longer the greedy bad guy.

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