Buying a property for the taxes owed

[Scott Littlejohn]

Hello all, 

I have a potential deal where the cost for the property is the property taxes owed. The owner told me that the city will take possession of the property in Jan 2020 if taxes are not paid.

This is my first deal and I see the potential to Brrrr in the future. Besides an inspection and lawyer contracts, is there anything else I should be doing/preparing for? Questions I should be asking information I should be requesting?

Thanks,

Scott

[Amanda G.]

Get a real estate lawyer to look at the title for additional liens. The seller says that taxes are the only issue, but they might have other trouble with the title they aren't telling you. Good luck!