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Updated almost 9 years ago,
Property Taxes & wholesaling
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,