Should I pay the taxes owed to buy a house - $14000

[Account Closed]

I have an opportunity to buy a house, but the current owner owes $14,000 on the house. I could probably buy the house for $40,000 to $50,000 (not including the taxes) and the place probably needs about $20,000 - $30,000 in repairs. Comps in the area are averaging $140,000. 

[Account Closed]

@Account Closed It's not a HOME RUN but if all of your numbers are legitimate there is an adequate margin in it. When margins are there but not LARGE, it really comes down to how confident you feel in your execution. Can you knock this project out fast? Will it sell quickly? Are you sure about the repair estimates and ARV?

Don't forget to factor in closing costs twice, holding costs, any financing fees, and realtor fees on the back end