Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

User Stats

2
Posts
0
Votes
Kevin Elledge
  • Contractor
  • Niagara falls, NY
0
Votes |
2
Posts

Needing Advice on tax deeds. And funding

Kevin Elledge
  • Contractor
  • Niagara falls, NY
Posted

I have looked over the forums for hours in the past few days with surprise to the wealth of knowledge here. I need some advice or guidance if you will.
I have be talking with a man in my area that owns around 13 properties or so in the Niagara falls area some of which I am interested in. Most homes he owns are assessed at 40k. I had my lawyer right up an offer on one house for 20k and this house needs around 10k into it to be livable hoping to make return on resale. After around 2 months I got a call he wanted 25,000 I said I will see what I can do... But I will not pay more that 20. After looking in to the house he owes 12k in back taxes and after running his name he owes 89k on all his properties total in city tax and 20k in county tax.

Is it was mentioned to me that I can pay his tax and the city of niagara falls with issue a deed.
Would this be revoked if he files bankrupcy because I hear that is what he plans on doing to take care of so of his debts.
Are their ways to get funding to pay for these houses before they go to the auction block in September.
Or should I just walk away...

Thanks
Kevin

Loading replies...