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Updated over 9 years ago on . Most recent reply

User Stats

121
Posts
50
Votes
John Ellis
  • Flipper/Rehabber
  • Mentor, OH
50
Votes |
121
Posts

Does anyone's City and/or County offer Perks to Investors

John Ellis
  • Flipper/Rehabber
  • Mentor, OH
Posted

By the end of the year I have bought, rehabbed and sold 24 properties. The bulk of the properties are in a single county and most are in the same city. My thoughts after looking at the past two years. I have taken properties that are the ugliest on the block, with no one living in them, and increased its taxable value by 3-4 times. In addition, the buyer of the property will now pay 2.5% in income tax to the city. I buy the bulk of my supplies from 2 businesses with that city.  I guess what I am asking is if anyone has deals with their city or county as some way of rewarding you adding a substantial amount of money into the city's coffers. If anyone has any ideas or current deals with their city I would love to hear them. I am trying to figure out where to start and what to ask for in exchange for what my company is doing for the city. 

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