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Updated about 5 years ago,

User Stats

50
Posts
5
Votes
Michael Bacile
  • Orlando, FL
5
Votes |
50
Posts

Property taxes and rentals

Michael Bacile
  • Orlando, FL
Posted

I’m looking to buy my first home (house hack). I’ve been looking for over a year and a question popped up in my head. 

If I buy this house (single family), live in it for a year or two so I can save more money renting out the spare rooms then buy another property once the first is stabilized. How will the numbers change once it's a full fledge SFR ready for market?

I’m imagining a scenario something like this-

I purchased a house I thought was a good deal and a great monthly mortgage leaving plenty of savings and cash flow. Repaired everything that needed to be done to make a solid rental. Only to find out that once I convert it to a rental property the property taxes skyrocket and eat up all the cash flow. 

Do property taxes go up substantially when converting a home to a rental property? Is there any way I can foresee what will change so I can figure it in to my analysis?

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