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Updated about 11 years ago on . Most recent reply

Account Closed
  • Long Beach, CA
5
Votes |
134
Posts

Reduce taxes

Account Closed
  • Long Beach, CA
Posted

I am looking to buy a distressed property. I want to reduce the taxes before I buy it. Since it is only worth $50k when I buy it how can I get the taxes reduced based on this value in the most time efficient manner before I rehab it, when I live out of state?

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Ryan Arth#2 Land & New Construction Contributor
  • Real Estate Agent
  • Cleveland / Akron, OH
357
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815
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Ryan Arth#2 Land & New Construction Contributor
  • Real Estate Agent
  • Cleveland / Akron, OH
Replied

You most likely wont be able to get anywhere with a property that you don't own. In NE Ohio it isn't even an option for a rehab because by the time you actually see a reduced bill you will be long gone.

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