Hi yall, should I consider tax bills, closing costs, and other encumbrances as a repair when doing "arv - repairs" or do I include it into the purchase price, once I got the property under contract? I appreciate your response in advance!
Rental Property Investor · Member since 2023 · 1k+ posts · 922 votes
2y
Tax bills should be looked at as carrying cost. They are most comparable to the interest on your loan because they will be prorated to both your purchase and sale dates.