Hi everyone!
Well, I`m in the thick of negotiating my first multi-unit and it`s knives out for the dreamkillers around here.
They`re telling me that city taxes and a new assessment will chew up any cashflow and I`ll wind up paying out of pocket every month instead. This property is assessed pretty low right now. Things lookin` pretty good on paper at the moment...but 5 years down the road? I dunno.
So the big question is, "is there any way see how the city will tax in the future?" Heck, I`d be just as happy to read replies about your experiences with city taxes to boot!
This property is in Hamilton, Ontario and the taxes here are pretty brutal. (I can provide more info if necessary)
Any and all input much appreciated!!!
Well, I`m in the thick of negotiating my first multi-unit and it`s knives out for the dreamkillers around here.
They`re telling me that city taxes and a new assessment will chew up any cashflow and I`ll wind up paying out of pocket every month instead. This property is assessed pretty low right now. Things lookin` pretty good on paper at the moment...but 5 years down the road? I dunno.
So the big question is, "is there any way see how the city will tax in the future?" Heck, I`d be just as happy to read replies about your experiences with city taxes to boot!
This property is in Hamilton, Ontario and the taxes here are pretty brutal. (I can provide more info if necessary)
Any and all input much appreciated!!!