Good ol delinquent taxes

[Charles Sullivan]

Hey guys, long time no see! Still here in San Antonio. While being away from the BP community I've had some ugly experiences, fell short a few times, and closed a few deals(Wooo!!). So, I just came across a property that has delinquent taxes, I am looking to wholesale the property(my first property with back taxes). The seller and I agreed that I could make a down payment for their back taxes and set up payment arrangement for the remaining balance. However, I'm stalled when it comes to writing up the contract. The property will not be free and clear at point of sale(because back taxes will be on installment). So what verbiage is necessary on my A-B contract as well as B-C being that the taxes will be on installment?? 

*In hopes to make a great deal for my end buyer*

The plan is to basically put delinquent taxes on back end. offer seller net price. inform end buyer of payments of back taxes but also sell the property at a really good price.

[Rick Pozos]

From the numers you gave, it does not sound like a deal to begin with.

Anybody who owns a property worth 60k and owes 15k in taxes should not get 17k cash in their pocket. Tell him that you can give him 3k and thats it.

If he goes for it, great. If he does not want it, walk. You can not do that deal and expect anyone except the seller to come out making money. Just the same way you found that deal, there are many more out there. Dont think that since you spent some time with this guy that you have to do the deal. Be prepared to walk. He will end up calling you back or losing the deal. Either way, you dont lose money.