Driving for Dollars Led to Tax Delinquent House

[Kris Mo]

Hey Everyone,

I'm fairly new and never bought a property before but plan to in 2019. Right now I'm just trying to learn as much as I can and take a lot of action. So I took BP's advice and started driving for dollars. I found a street that has a bunch of nice homes except for one that is really displeasing to the eye. So I looked up the county records and found out that it is tax delinquent 2014, 2015, 2016 with a total amount of $8k. This house has a TON of potential but what would be the next step? I want to send him a letter stating that I would be interested in buying his house but how does a house with tax delinquencies come in play?

[Michael Mullins]

Send him the letter ASAP.

When you negotiate for the house you will need to work in the amount you are going to pay for the back taxes owed. So if you calculated out 100k offer, it would really be offering him 92k for the house.

Make sure you work with a title company to find out if the house has other liens on it.

Move forward today.