5-Minute PRIME: Bite-Sized Investing Insights
The 5-Minute PRIME podcast from REIPrime.com helps busy professionals master personal finance and real estate investing with quick, actionable tips. Keep learning, stay strategic, and keep building - one smart move at a time!
5-Minute PRIME: Bite-Sized Investing Insights
You Verified the Property Tax. Why Isn't It Your Number?
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You are eleven days into diligence on a Florida rental and you have done the careful thing. You did not take the broker's word for the property tax. You pulled it off the county's own parcel page — $4,392 a year — and underwrote that.
The number is right. The county will bill exactly that. And it is still not your number.
In this episode of the 5-Minute PRIME Podcast, host Martin Maxwell walks through the three options on the table and shows why a figure from an independent, authoritative source can be completely accurate and completely useless at the same time.
Tune in to learn:
- Why the tax line on a listing answers a different question than the one you asked — and why that makes it wrong in a known direction, every time
- The two-part exemption most buyers subtract wrong, and the reason half of it never touches the school portion of the bill
- How to size the re-trade — the mistake that turns a fifty-thousand-dollar ask into a three-thousand-dollar one
- The three questions to the county that move this from a re-trade you might lose to a price you offered correctly
Have you ever underwritten a tax line straight off a listing? Do you know what happens to the assessment on the day you close?
Subscribe now to stop inheriting someone else's arithmetic.
Read it — see all three options and decide for yourself: reiprime.com/now-what/sellers-tax-bill
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