Private Lending & Conventional Mortgage Advice
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 10 years ago,
financing & tax debts
This is probably a stupid question, but please bear with me. Entity paid cash for 10 properties (4 unit rentals) a few years ago and has been operating them debt-free since. Unfortunately, taxes were not paid (since 2010).
We are now approaching banks to take out some debt on the properties before interest rates go up. Are banks going to uncover these tax issues?
In other words, will I be able to get financing and pay the old taxes with the financing proceeds? Or will I be blocked from financing until old taxes are resolved?