Trulia Voices—Tucson

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

Transaction tax ?

Hi, I will appreciate advice with regard to Tucson Transaction Tax.
State tax and county tax traditionally paid by the seller is it the same in Tucson ? or some paid by buyers, some paid by sellers?

I would appreciate any comments with regard any tax payable in Tucson when buying an investment property as this can change the cost .
Theis is all new for me and big learning curve.

TAI
Cheers
Hadar
Wed May 14 2008, 14:53 - Tucson - General Area - 4 answers
 
Useful
(0)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Hadar Orki...
Buyer & Seller
in Tucson, AZ
Hadar Orki..., Buyer & Seller in Tucson, AZ in Tucson, AZ
Answers (4)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Mary Clark was FIRST TO ANSWER Mary Clark received BEST ANSWER
Generally, who pays what (including taxes) is negotiable. Because of your situation I would advise talking to an accountan - I could recommend one. In your situation you may not be able to get a loan. This needs to be discussed with a lender - I can recommend one. Be aware that accountant is going to charge for service, lender is not giong to charge (unless it is internet lender).
Finding property is easy - there is a lot of multi family properties on the market.
Please let me know if I can be of help?
George GeoSzk@WBhsi.net

Sat Jun 7 2008, 18:12
Web Reference: http://www.LuxuryTucsonRealEstate.Net
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Hadar, central Tucson is ever popular as is the NW area also. Buying close to the U of A attracts college tenants which should help keep your property rented. I can do a search for you and show you available properties and the April Multiple Listing Service stats also show the activity in all areas. If you send me an email I can email you back with some searches and the stats which are great tools to help you decide which area would be best for you
Mary Clark - Long Realty
mclark@longrealty.com (email)

Wed May 14 2008, 17:07
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Thanks for your answer Mary, In general Im looking to purchase a 4plex around Central Tucson.
I have research the areas and learned that as example in South tucson properties cost less bu there is more crime and potential problematic tenants with higher turn over. therefore I decided to concentrate my research on the central area. I heard that NW is improving.
any up and coming areas that you can recommend?

With regard to finance, Im a US citizen living abroad and have the 20% deposit.

Any comment would be great.
Cheers.
Hadar

PS Can anyone recommend a good property management company?

Wed May 14 2008, 16:58
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
BEST ANSWER
Hi Hadar, the best thing to do would be to consult a tax consultant. There are property taxes which get paid when a property closes which are prorated. There is a tax when a nonresident alien sells property which gets paid to the Federal government. Go here for more information if you are a non-resident alien: http://www.irs.gov/businesses/small/international/article/0,…

If you need help finding investment properties, please email me at Mclark@longrealty.com, I would be able to help you find properties and put you in touch with several lenders if you need one.
Mary Clark - Long Realty

Wed May 14 2008, 16:17
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/General_Area/Transaction_tax_-36071--recent

Check out more General Area questions in Tucson...

Hadar Orkibi, Buyer & Seller in Tucson
Buying an Income Property In Tucson - I need cashflow
Answered Mon May 12 2008, 04:47 by Hadar Orkibi in Tucson
Read all 3 answers
Sue, Buyer & Seller in California
Trying to locate former owner of 1831 Beachwood Drive, Santa Rosa
Asked Tue Dec 11 2007, 21:21 by Sue in Barrio Santa Rosa
Be the first to answer
View more General Area questions and answers in Tucson >>