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Updated over 4 years ago on . Most recent reply

User Stats

31
Posts
7
Votes
Chris Conde
  • Rental Property Investor
  • North Chelmsford, MA
7
Votes |
31
Posts

Buying a Wholesale Deal with back taxes. Who pays?

Chris Conde
  • Rental Property Investor
  • North Chelmsford, MA
Posted

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

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