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Updated about 4 years ago,
Buying a Wholesale Deal with back taxes. Who pays?
Hi,
I have a possible deal on a house presented to me that has back taxes owed. It's a wholesale deal and I'm not sure how this would be handled. Here's a break down of what I know so far.
Purchase Price 60k
Arv 85K
Estimated repairs 10k
There is 6k in delinquent taxes due.
My question is, who is responsible to pay this tax bill? The current Owner, Wholesaler, or the Buyer (me). Is this negotiable?
Any and all advice is appreciated!
Chris