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Updated over 5 years ago,
Putting a Deal Together. Insight please!
Hi BP, I have the below scenario and would like your insight.
What?: 5 Acre estate consisting of 4 lots and 2 houses. 100% paid off.
Challenge: Severely delinquent property taxes on all property.
Proposal: 60/40% (me 40) ownership in all properties in exchange for me bringing all taxes current, maintain grounds and pay all taxes going forward.
What items would you include in the purchase agreement/bill of sale?
Thanks