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Updated over 4 years ago,

User Stats

6
Posts
1
Votes
Cory Clay
1
Votes |
6
Posts

Buying a Tax Lien Property

Cory Clay
Posted

BP,

I am purchasing my first property and I have run into a situation that I need help with. The property is listed for $95K. The property also has an $11K tax lien on it and needs about $18K worth of rehab. ARV of the property is $130K. I am looking to buy and hold this property. The owner needs at least $93K to pay off the note and back taxes owed.

My question: Are there any creative ways to get my purchase price below  $93K with the current back taxes?