Vacant Home with exemptions owes a lot in taxes

Vacant Home with exemptions owes a lot in taxes

Investor · El Paso, TX · Member since 2020 · 38 posts · 10 votes

There’s a house around an area I really, really like. The owner owes $33K in taxes but the account is on deferral & the exemption is that she’s over 65 so she only pays $300 towards the debt. I don’t think it’s ethical to contact her but the house also looked vacant with overgrown grass & no trash bins in sight. Is it legal/ethical to get in contact with her via cold calling? Or maybe direct mail less harsh?

TIA

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  • Real Estate Investor · FL · Member since 2011 · 586 posts · 360 votes
    5y

    @Account Closed What's not ethical about it? If it's vacant/abandoned and you can help her dispose of an unwanted property while also taking care of any tax obligations that might be passed on to her heirs, I'd say you're creating a win/win situation. 

    On a situation like this I would cold call, "Hi Ms. XXXX, I was driving around a property I believe you own on ANYWHERE street and noticed it might be vacant, is that something you would consider selling?" 

    Good luck! 

  • Wholesaler · Member since 2020 · 140 posts · 89 votes
    5y

    Wouldn't say it's unethical either - but depends on how you spin it. If you're respectful about it and take no for an answer - totally fine. If you turn to harassment or predatory tactics - unethical.

  • Investor · El Paso, TX · Member since 2020 · 38 posts · 10 votes
    5y

    @Justin Reed

    Yes I know she’s in distress so I don’t want to scare her off. No, I would never harass someone especially of older age. I did not know taxes were inherited so I would like to help, it’s just that since she has an exemption I thought it would be of conflict contacting her. I just hope the house doesn’t have a reverse mortgage or something. But thank you!

  • Investor · El Paso, TX · Member since 2020 · 38 posts · 10 votes
    5y

    @Braden C.

    Thank You! I’m going to see how I can help

  • Rental Property Investor · Colorado Springs, CO · Member since 2020 · 433 posts · 284 votes
    5y

    Be polite, respectful and treat her like you want to be treated. 

    What is the downside of contacting her about this property?

    What is potential upside for both parties?

    Reach out and have a conversation, worst thing is she could say no...

    Good luck

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