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Updated over 2 years ago on . Most recent reply

Buying a rental with high taxes
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!
Most Popular Reply

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.