Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Buying Sub2 that has Taxes in Escrow
I purchased (2) guru courses for Sub2 and one thing (there were others) that wasn't mention is:
If I purchase a home Sub2 and the underlying mortgage has escrow for taxes... How will that work since the escrow is in the sellers name and when the deed is changed the tax liability will show up with my information.
How would that work for the paying property taxes? And the escrow for taxes?
Thanks for the help :-)