Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on .

User Stats

98
Posts
6
Votes
Mubasher Riaz
  • Real Estate Investor
  • Ypsilanti, MI
6
Votes |
98
Posts

Real Estate Transfer Tax, any way around it?

Mubasher Riaz
  • Real Estate Investor
  • Ypsilanti, MI
Posted

I own a land contract property with balance left of $40K however my landlord said if I can pay $30K cash up front, the property can be mine, so I called my title company to ask as far as closing protocol on the house, she said besides the $16 for registering to the county under my name, there is something called real estate transfer tax credit which is around $1118.00, so after mentioning this to my landlord he told me I have to pay that amount not him, and he backed out from the initial 30K deal, so I wanted to ask BP community if there is a way around this real estate transfer tax game, what can be done? I am ready to buy it out for 30K just do not want to pay this fee associated with it. Thank you.