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Updated almost 11 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Long Beach, California
  • Member since Mar 30, 2013
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Account Closed's profile image
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Account Closed
  • from Long Beach, California
  • Member since Mar 30, 2013
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Account Closed
  • Long Beach, CA
5
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134
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General Landlording & Rental Properties

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's profile image
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Ryan Arth
  • Real Estate Agent
  • from Cleveland / Akron, OH
  • Member since Jan 6, 2008
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Ryan Arth's profile image
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Ryan Arth
  • Real Estate Agent
  • from Cleveland / Akron, OH
  • Member since Jan 6, 2008
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Ryan Arth
  • Real Estate Agent
  • Cleveland / Akron, OH
346
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803
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Ryan Arth
  • 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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