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Updated almost 9 years ago,

User Stats

8
Posts
1
Votes
Ishmael Tillery
  • Atlanta, GA
1
Votes |
8
Posts

Property Taxes & wholesaling

Ishmael Tillery
  • Atlanta, GA
Posted

Hi BP community,

I recently started running for dollars (using my morning jog to check out properties of my liking). It feels great knowing I'm working towards my financial goals and health goal. 

I want to wholesale distressed properties, and I have a few leads, but previous owners have allowed the taxes to accumulate . One example is a property with an ARV of 120k with a full renovation cost of 30k, but there is over 11k in taxes.

What would the purchase price be. How would you go about it?

Thanks,

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