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Updated about 8 years ago on . Most recent reply

Robert Johnson's profile image
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Robert Johnson
  • from Cincinnati, OH
  • Member since Jul 18, 2016
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Robert Johnson's profile image
Robert Johnson's profile image
Robert Johnson
  • from Cincinnati, OH
  • Member since Jul 18, 2016
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Robert Johnson
  • Cincinnati, OH
2
Votes |
8
Posts
Buying & Selling Real Estate

Should I escrow taxes and insurance

Robert Johnson
  • Cincinnati, OH
Posted
Hello! I am under contract for a 3 family unit, what are the pluses / minuses of paying my taxes and insurance via bank escrow? Thanks
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Jeff B.'s profile image
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Jeff B.
  • Buy & Hold Owner
  • from Redlands, California
  • Member since Oct 28, 2015
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Jeff B.'s profile image
Jeff B.'s profile image
Jeff B.
  • Buy & Hold Owner
  • from Redlands, California
  • Member since Oct 28, 2015
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
2,364
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

When going b&h, the t&i can be managed by you when you have an LTV of 80% or less. Otherwise the bank will require it to be escrowed

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