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Updated over 4 years ago, 04/22/2020

User Stats

295
Posts
208
Votes
Blake Dailey
  • Investor
  • Ogden, UT
208
Votes |
295
Posts

HELP - Seller Insists on a Physical Bag of Cash Under the Table

Blake Dailey
  • Investor
  • Ogden, UT
Posted

I have a seller insisting that the only way he will sell is with a physical bag of cash ($40k or more) under the table so that he does not have to report that income (in Florida). He wants to seller finance a lesser amount if I can deliver the cold, hard cash. If I do this upon closing is the liability his since he would be the one collecting the income and not reporting it or could I be held responsible as well? The deal is good but if it's illegal then I'm not going to move forward and get myself in trouble - there will be more deals. 

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