Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
Writing offers when back taxes involved
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!