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Updated almost 6 years ago,

Jacob Budzynski's profile image
Jacob Budzynski's profile image
Jacob Budzynski
  • from Erie, Pennsylvania
  • Member since May 22, 2017
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11
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1
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Jacob Budzynski's profile image
Jacob Budzynski's profile image
Jacob Budzynski
  • from Erie, Pennsylvania
  • Member since May 22, 2017
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Jacob Budzynski
  • Erie, PA
1
Votes |
11
Posts
Creative Real Estate Financing

Collecting rent through option agreement

Jacob Budzynski
  • Erie, PA
Posted

I have an option agreement to buy on a triplex. I gave the seller a down payment on the option, I also keep the rental income from the property in return paying the seller a monthly payment. My question is, since I am not on the deed do I pay the taxes on the income of the property?

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