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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!
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.