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Updated over 10 years ago on . Most recent reply

User Stats

40
Posts
7
Votes
Haider Zaman
  • Involved In Real Estate
  • Richmond, VA
7
Votes |
40
Posts

Wholesaling - Lead owes back taxes! Help!

Haider Zaman
  • Involved In Real Estate
  • Richmond, VA
Posted

Hello BP Family!

All your advice and guidance is finally beginning to pay off! I have a lead who I am meeting tomorrow and hopefully making an offer!

I do have a quick question. During our initial conversation, he did mentioned he owed some back taxes (a few thousand). If I decide to make an offer, i am thinking about telling him that I'll pay his back taxes and give him a thousand or so in cash at closing.

However, I am uncertain as to how that process works. Would I have to pay off his back taxes before closing or can this be done at closing (using a double close process)?

If you can provide me with a little guidance on how I can take care of his back taxes (without spending my own money), I would greatly appreciate it!

Thank you again,

Haider

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