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Updated over 3 years ago on . Most recent reply

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16
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5
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Alejandro Obando
  • New to Real Estate
  • Queens, NY
5
Votes |
16
Posts

why would anybody pay $15,000 on property taxes??

Alejandro Obando
  • New to Real Estate
  • Queens, NY
Posted

Greetings BP, 

My name is Alejandro, I'm a new Investor looking to House Hack in Northen NJ. (Hudson County). 
Been putting offers for the past 4 months, but nothing seems to bite. 

Just came across a 2 Family House going for $800K (6 beds 4.5 baths) 
the property in mint condition, BUT the taxes are close to $15,000

it is understood that NJ taxes are the highest. Looking to see any feedback/ insight or a different point of view as to why anybody would agree to Invest in RE in a high tax area?   

Thank you All!! 

Most Popular Reply

User Stats

3,505
Posts
3,251
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John Teachout
  • Rental Property Investor
  • Concord, GA
3,251
Votes |
3,505
Posts
John Teachout
  • Rental Property Investor
  • Concord, GA
Replied

If the numbers work, they work, or not. It's just a matter of calculating all the expenses vs the income from the property. High taxes, insurance, property costs, or any other factors don't determine the deal on their own. 

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