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Updated over 7 years ago on . Most recent reply

User Stats

5
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2
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Colton Phillips
  • Wichita, KS
2
Votes |
5
Posts

Potential deal behind on taxes

Colton Phillips
  • Wichita, KS
Posted
I've spent some time looking at my local market here in Wichita and I've found a 2/1 condo that I believe will Cash flow well and I shouldn't have difficulties keeping it filled. I looked on my county appraisers website and saw the property is one year behind on taxes (carrying a balance with penalties and interest from 2016. I've heard many examples of people buying tax delinquent properties of county auctions. (I hope that's the right terminology) but how would you handle a property that's just behind since they don't seem to be auctioned or foreclosed until they're a few years behind. Can I use this to my advantage in negotiations? Any additional knowledge of how the county/state handles delinquency would be appreciated as I'm fairly ignorant of the process Thanks in advance

Most Popular Reply

User Stats

293
Posts
192
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Jared Viernes
  • Investor
  • Wichita, KS
192
Votes |
293
Posts
Jared Viernes
  • Investor
  • Wichita, KS
Replied

Colton Phillips if they are behind on taxes the owners are obviously not taking care of the property. You can get mailing address to where tax documents are sent. From there you can mail them a letter offering to purchase. Or even track down a number. Most delinquent taxes are mailed to so if you are interested in one property you can distinguish yourself by being unique and not a normal yellow letter. Follow up regularly unless they request you not. Just to show them how interested you are. Eventually they might want to sell and you will be top of mind. I believe tax notices are mailed out in November so user would be the most opportune time.

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