Taxes escrowed as well as home insurance in the monthly payment to the owner who finance the deal. Payments are made to a loan servicing company who distributes the funds, principal pay down and interest go to this seller while tax and insurance money are held back in Eckoe account and distributed as the bill arrive
Gotta love my Iowa peeps! 💪 Great podcast! 🙌
Thanks for watching!
Can you please share reference to the girl Katy who teaches strategy surrounding city development
Smart grls kudos to them both
They always provide so much value!
Thank You Ashley and Tony. Amelia and Grace know they stuff Thank You.
They really do!
Iowan Power!
How does taxes work when you do seller financing?
Like property taxes?
@hollywoodhomes4373 yes like property taxes
I want this answer as well
Taxes escrowed as well as home insurance in the monthly payment to the owner who finance the deal.
Payments are made to a loan servicing company who distributes the funds, principal pay down and interest go to this seller while tax and insurance money are held back in Eckoe account and distributed as the bill arrive
I am talking about when you file your taxes. When the owner receive the 1098