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Updated over 6 years ago on . Most recent reply

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28
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2
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Wakes Andre
  • North Miami Beach, FL
2
Votes |
28
Posts

Can I use property taxes toward purchasing an investment property

Wakes Andre
  • North Miami Beach, FL
Posted

Its a time of the year when I need to pay Property Taxes in a few counties. Combine sum for the properties I have is about 8-10 K per year.

Is there any way I can postpone paying the taxes and put them toward purchasing an investment property?

Most Popular Reply

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4,876
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2,466
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
2,466
Votes |
4,876
Posts
Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

You're playing with fire, @Wakes Andre. If you delay you'll start to incur fees and push it too long and your credit will start to be affected. 

What if the new deal goes sour and you lose the $8-10k? 

Just pay your taxes.

  • Jaysen Medhurst
  • Loading replies...