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Updated about 9 years ago,

Account Closed
  • Real Estate Agent
  • Richardson, TX
161
Votes |
511
Posts

Property taxes on your flip

Account Closed
  • Real Estate Agent
  • Richardson, TX
Posted

Hi Everyone,

I was approached by a "property tax specialist" the other day and he told me I could save a ton of money if the property I'm flipping has been vacant. I bought in October 20 and it was an REO. The REO gave me a huge credit for prop taxes since taxes are due next year. The property was vacant for at least 14 months.

This guy told me I could save a lot of money if I have proof that the property has been vacant for a long time. Is this true? Property taxes in the area are around 6k per year so it would be nice if I could get some of the money back.