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Updated over 7 years ago,
Potential deal behind on taxes
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