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Updated almost 8 years ago on .

User Stats

397
Posts
1,006
Votes
Collin Schwartz
  • Rental Property Investor
  • Papillion, NE
1,006
Votes |
397
Posts

Purchasing residential lots with back taxes owed

Collin Schwartz
  • Rental Property Investor
  • Papillion, NE
Posted
I am purchasing a small residential lot in downtown Omaha that has a balance of back taxes owed, I have confirmed the balance with assessor. Are there any other issues I should be concerned with? Besides paying taxes and taking care of lawn are there any other items I should be aware of that fall under my responsibility? Do I need liability insurance for the lot in case someone hurts themself on the property? Thanks!