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Updated over 6 years ago,

Joe Cicero's profile image
Joe Cicero's profile image
Joe Cicero
  • Member since Aug 20, 2018
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Joe Cicero's profile image
Joe Cicero's profile image
Joe Cicero
  • Member since Aug 20, 2018
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Joe Cicero
0
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7
Posts
Buying & Selling Real Estate

Closing Cost - Property Taxes

Joe Cicero
Posted

Hi all,

I am closing on my first investment property - a 3 unit in upstate NY.  Reviewing closing cost details, I'm not following why I am paying 11 months of property taxes upfront AND as a monthly escrow payment (along with homeowner's insurance). 

Can someone please explain? Thanks!

Joe

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