Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on .

User Stats

7
Posts
0
Votes
Timothy Gerdes
  • Investor
  • Cedar Park, TX
0
Votes |
7
Posts

Can refinance unlock property taxes?

Timothy Gerdes
  • Investor
  • Cedar Park, TX
Posted

I've owned an investment property in Michigan for 6 years. Now that rates are low I'm considering refinancing. The title is in a business name. The lenders are saying the the title would have to go into my name, after which I could deed it back to the business. Would that name transfer cause my property taxes to be unlocked?

I bought my brother out of half of one of his investment properties a few years ago, at which time the deed was transferred into a different business name.  At that point the taxes on the house went up 50%. We don't want to repeat that mistake. Was the issue there that the title stayed in a different name as opposed to my current case where the title would come full circle back to the current title's name?