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Updated over 5 years ago on . Most recent reply

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Richard Tavetian
  • Investor
  • Austin TX
5
Votes |
19
Posts

Deliquent Taxes from previous owner

Richard Tavetian
  • Investor
  • Austin TX
Posted

Hey guys, found a great deal locally however there are a few questions with it and wanted to get your take of you've experienced these scenarios:

1. Owner hasn't paid his property taxes in a few years. If I buy this property do I assume those deliquent taxes or am I not obligated to pay these?

2. Property is landlocked and doesn't have access to nearby streets, has anyone gone through the process of "connecting" this land to nearby streets? What does this involve? Costs to consider?

3. How do I go about getting current tenants to move out or pay more rent? What have you done to make sure this goes smoothly?

Most Popular Reply

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Replied

@Richard Tavetian if you want clear title the property taxes have to be paid prior to close. 2) More than likely there exists a prescriptive easement or a recorded easement on the property. 3) Follow you states landlord tenant law and give notice of rent increase or termination of rent. No guarantee this will be amicable  if the rents are increased greatly.

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