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Updated 5 months ago on .
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Real estate Taxes
I am buying a home from an investor in Ohio and need help with the county taxes
The county the homes around 80k and I was going to buy it for around 400k how much will my taxes go up. Would it be possible to have the seller transfer the home into a LLC and then I buy the LLC from him.
This is 100% seller finance deal. Any suggestions
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Quote from @Hunter Gibson:
I am buying a home from an investor in Ohio and need help with the county taxes
The county the homes around 80k and I was going to buy it for around 400k how much will my taxes go up. Would it be possible to have the seller transfer the home into a LLC and then I buy the LLC from him.
This is 100% seller finance deal. Any suggestions
To hedge your future tax in Ohio specifically, make sure the entity purchasing the property is structured in accordance with Ohio municipal code 5709. (Doing this correctly, you’ll be able to get a deep tax deduction)