Do people hide there tax records? #realestateinvestment #shortvideo #shorts #short #realestate

28 Oct 2024 · 1 min

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Steve D Valentine warns real-estate investors that county tax assessors can spot unpermitted additions via Google Earth and add the square footage to tax records. He cites a Scottsdale flip sold as 2,200 sq ft that had roughly 1,000 sq ft added without permits, requiring expensive re-permitting and foundation work.

Questions this video answers

2,200 square feet

About 1,000 square feet

Scottsdale parcel number referenced as "852543000" (as spoken in the transcript)

Chapters

In tax records. When you see this, if it has added attached square footage, that square footage has been added into this. It's not over and above the square footage. It also does not mean be really careful with this. I'll tell you the learning experience added attached does not mean it was permitted. It means that the county for tax purposes will Google Earth things to see if the footprint has changed and then they will just add square footage to your taxes. So if you added a patio and they see a difference, you need to be aware that that's why. So we had a house in Scottsdale 852543000 square FE we bought as a flip, 2200 square feet. Thousand square foot added. We thought it was. We went to get our permits and they made us repermit the thousand square feet that was added. So we had to dig footers. We had to do all kinds of. So just be aware. And by the way, you can go to the county and find or the city and find the permits that have been pulled on things. So you can double check that. So just be aware.