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Updated almost 8 years ago on . Most recent reply

James Gilpin's profile image
James Gilpin's profile image
James Gilpin
  • from Grand Rapids, MI
  • Member since Apr 2, 2016
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James Gilpin's profile image
James Gilpin's profile image
James Gilpin
  • from Grand Rapids, MI
  • Member since Apr 2, 2016
Connect
James Gilpin
  • Grand Rapids, MI
5
Votes |
36
Posts
Foreclosures

Transfer Ownership Without Paying ALL Taxes. HELP!!

James Gilpin
  • Grand Rapids, MI
Posted
Hi All, I have the opportunity to purchase ten properties for $50k from one owner which will be a huge profit, HOWEVER they all owe $8-10k in taxes. Is there any way to transfer ownership without having to pay all of the taxes up front at closing? I have $80k to invest but not enough to pay taxes on all properties. I have 60 days until seller gets foreclosed on. Thanks,
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