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Updated over 11 years ago,

User Stats

71
Posts
7
Votes
Jason Varney
Pro Member
  • Investor
  • Jacksonville Beach, FL
7
Votes |
71
Posts

Writing offers when back taxes involved

Jason Varney
Pro Member
  • Investor
  • Jacksonville Beach, FL
Posted

Hi all,

I am looking to do some wholesaling and have come across a few properties where back taxes are owed. My question is, how do I write the offers? For example, if a house comes along where 5K in back taxes are owed and I want to make an offer where the seller nets 10K, do i have to write up the contract for 15K and the taxes will come out of his portion at closing? Also, if I am wholesaling the deal for a 5k markup, do I offer it to my end buyer at 20K? Any advice here would be greatly appreciated. I am about to submit an offer to an owner with whom I am close to finalizing a deal. Thanks!

  • Jason Varney
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