EP388: What Is a Transfer Tax?

Investing In Real Estate Podcast-133.png

Book a call with our team: https://goo.gl/qr6iat

This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding

Today's episode of Investing in Real Estate is also sponsored by Purple. Purple is a leading comfort tech company that uses cutting-edge science to create the world’s most comfortable sleep and sit products. Right now, our listeners will get a FREE sheet set and mattress cover with any mattress purchase. Get yours at Purple.com/INVESTING. 

As you grow your real estate portfolio and begin owning properties in various states, you might begin to notice different fines and fees. On today’s show, we’re talking about transfer tax.

You’ll learn what a transfer tax is, why it varies from state-to-state, and why it matters for your real estate portfolio. If you want to know more about transfer tax, don’t miss this episode of Investing in Real Estate!

On this episode you’ll learn:

  • When a transfer tax is applied.

  • Whether or not there’s a federal version of transfer tax.

  • The importance of working with an estate planner.

  • Who pays the transfer tax upon sale of a property.

  • In which states you can expect to pay transfer tax.

  • What tax assessed value means.

  • The amount of transfer tax you can expect to pay in various states.

  • And much more!

Episode Resources
Fund&Grow
Purple
Subscribe to Investing in Real Estate on Apple Podcasts
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.