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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] So... the buyer pays the "sales tax" on a property purchase. Posted by Alfred, CA on January 30, 2010 at 10:42 AM In Reply to: Re: Transfer tax: normal lender protocol... posted by Rick, the Probate Guy on January 30, 2010 at 8:22 AM Thanx. It is basically like a sales tax. Your silent partner (the government) always gets a piece of the action. I'm building a spreadsheet to use to analyze deals and determine what net proceeds are for each project. I'm itemizing all costs (transfer tax needs to be on the list). I've made a short sale offer on a property in city of LA which has 1.10 county doc transfer tax and 4.50 city document transfer tax (5.60 total). If I get the property for my 355,500 offer, the total transfer tax will be approximately $2,785. Follow Ups: oops... Rick, the Probate Guy 10:55 AM, 01/30/10 (3) As always... pretty much everything is negotiable. Alfred, CA 11:25 AM, 01/30/10 (2) truly negotiable Kristine-CA 7:43 PM, 02/02/10 (1) Re: truly negotiable Rob 6:01 AM, 02/03/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Thanx. It is basically like a sales tax. Your silent partner (the government) always gets a piece of the action. I'm building a spreadsheet to use to analyze deals and determine what net proceeds are for each project. I'm itemizing all costs (transfer tax needs to be on the list). I've made a short sale offer on a property in city of LA which has 1.10 county doc transfer tax and 4.50 city document transfer tax (5.60 total). If I get the property for my 355,500 offer, the total transfer tax will be approximately $2,785. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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