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Updated about 3 years ago on . Most recent reply presented by

Brian Henry's profile image
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Brian Henry
  • from San Diego, California
  • Member since May 6, 2016
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Brian Henry's profile image
Brian Henry's profile image
Brian Henry
  • from San Diego, California
  • Member since May 6, 2016
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Brian Henry
  • San Diego, CA
5
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13
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Tax, SDIRAs & Cost Segregation

Selling vacant lot to a direct mailer - any red flags to look for

Brian Henry
  • San Diego, CA
Posted

We have a vacant lot in FL (Citrus Springs) and have been paying property tax for years, while the value of the land has decreased over the years.  We got a mailer offering to buy it and we are ready to just get rid of it.  Any red flags or things to consider before signing the offer and sending it back in?  They pay cash and cover closing fees.

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Get a large non refundable EM....they are likely just wholesalers. 

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