why would anybody pay $15,000 on property taxes??
Greetings BP,
My name is Alejandro, I'm a new Investor looking to House Hack in Northen NJ. (Hudson County).
Been putting offers for the past 4 months, but nothing seems to bite.
Just came across a 2 Family House going for $800K (6 beds 4.5 baths)
the property in mint condition, BUT the taxes are close to $15,000
it is understood that NJ taxes are the highest. Looking to see any feedback/ insight or a different point of view as to why anybody would agree to Invest in RE in a high tax area?
Thank you All!!
Most Popular Reply
If the numbers work, they work, or not. It's just a matter of calculating all the expenses vs the income from the property. High taxes, insurance, property costs, or any other factors don't determine the deal on their own.