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Updated about 11 years ago on . Most recent reply

User Stats

68
Posts
15
Votes
KYLE Z.
  • Investor
  • Ironwood, MI
15
Votes |
68
Posts

A quick tip for new investors

KYLE Z.
  • Investor
  • Ironwood, MI
Posted

Hi everybody, I was running some numbers on a property I would love to buy but Don't have anywhere enough cash lol. Anyway one of the first things I do when running numbers on a place is to find out what the taxes WILL BE if I purchase the property. The reason I feel like this is super important is because a lot of places where I invest the taxable value is super low. Once you purchase the property it becomes "Uncapped" this can be a disaster if you don't include the uncapped number in your analysis. This can be the difference between a property cash flowing or not. Just a FYI!

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