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Updated over 4 years ago,

User Stats

151
Posts
17
Votes
Alvaro Rodriguez
  • Specialist
  • Houston, TX
17
Votes |
151
Posts

How to make an offer on a tax delinquent property?

Alvaro Rodriguez
  • Specialist
  • Houston, TX
Posted

Found a person who has a house worth $200k, he has 50% equity and is behind $20k in taxes.

Shortly they will take his home and I know for a fact he won’t be able to pay any taxes anymore.

How can I structure a deal where I can create a win win situation for both of us where he can walk away with some money, and I can buy his property before the banks takes it.

I was thinking about offering $150k

$100k to pay off the loan

$20k to pay off the tax debt

$30k so he can start again somewhere else

Any feedback is appreciated

Thank you

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