Possible ‘Subject To’ Deal in High Property Tax Area

[Regdric Malveaux]

Hey BP family,

I know a person who currently have to sell their home due to not being able to afford the mortgage anymore. I wanted to approach them with using a subject to strategy. Their home has been on the market for over 200 days so the listing should expire soon.

I live in the area, and the appraisal district is skyrocketing the property taxes. I’m thinking it creates a higher risk to pursue this property due to similar homes not selling in the area. My assumption is they aren’t selling due to the increase of taxes over the last 5 years.

How would you guys and gals approach this?