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Updated almost 18 years ago,
Dual Closing - What about property taxes?
I am a new to the wholesaling business and I'm in the process of constructed some offeres to purchase then assign or dual close. My question is this - If I have to do a simultaneous close as opposed to a contract assignment, will I be on the hook for any property taxes (even though I owned the property for only a few minutes)?
Any help would be appreciated as I am trying to understand all of the cost involved before I construct the offer.