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Updated over 11 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Dar Rose
  • Real Estate Investor
  • Pearland, TX
1
Votes |
15
Posts

Inherited home with back taxes

Dar Rose
  • Real Estate Investor
  • Pearland, TX
Posted

Hello all. I'm looking for some advice as I am new to this investing thing. I inherited my dad's house 2 years ago and have not probated the will becAuse there is almost $7k in taxes owed on it. There is no mortgage owed on the property. It's a modest 2 bedroom wood framed house. I was thinking of taking out a HELOC at my credit union, pay off the taxes and perhaps use some of the proceeds to invest in another property. What do you guys think?

Most Popular Reply

User Stats

15
Posts
1
Votes
Dar Rose
  • Real Estate Investor
  • Pearland, TX
1
Votes |
15
Posts
Dar Rose
  • Real Estate Investor
  • Pearland, TX
Replied

@John Rooster lets just say that this particular sibling has no idea what a tax lien certificate is and even if he did is too ignorant to do anything with it. I love you big bro! Lol! There's no lien on it yet though.

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