Wholesaling - Lead owes back taxes! Help!
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