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709: Everything a New Investor Should Know BEFORE Closing on a Property w/Ashley Kehr

BiggerPockets Real Estate Podcast

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Is Your Property Taxes Reassessed?

Many areas have taxes reassessed upon the sale. You're probably in most cases paying more for the house and what the seller paid when they bought it. Make sure you take the full year, especially live in an area with different season because if you're calling in the fall and you get the last six months, it's going to be summer. And also finding out what kind of utilities are using so around in here where I live and the areas I invest for the heat, it could be propane. It could be natural gas or it could be electric or I actually just bought a house that was just three wood burning stoves in the property.

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