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Updated almost 6 years ago,

Account Closed
  • New to Real Estate
  • Philadelphia, PA
0
Votes |
49
Posts

Wholesaling tax delinquent properties

Account Closed
  • New to Real Estate
  • Philadelphia, PA
Posted

When it comes to wholesaling tax delinquent properties how does the transaction work, if I’m correct I know that nothing can be done until the back taxes are paid. For example let’s say I get a property under contract and the seller owes 10,000 in back taxes , they sell it to me for 30,000 and I put it under contract for 60,000.

60,000 ( selling it to my buyer)

-30,000( what the seller sold it to me for)

30,000( assignment fee taxes included taxes)

10,000( back taxes owed)

————

20,000 (what I make after taxes are paid)

My question is where in this process do the taxes get paid , will the tittle couple take the 10,000 out and send it directly to the taxes accessor ?

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