Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

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. 

Loading replies...