All Forum Posts by: Bobby Masih

they have their heart set on 15k. so with backtaxes i initially offered 25k to get them their 15k and pay off their backtaxes. however the property is not worth more than 25k. I recently was told that some investors know how to assume the liabilities for taxes and finnesse them i guess into monthly payments or reduce tax amount. so it would be- 15k to seller, 5k assignment. buyer takes the property for 20k + liability of 10k taxes. just wanted to see if this was common and if the best route was for the 15k on contract Quitclaim Deed to transfer the liability of the 10k to cash buyer.

have a property where seller wants 15k but owes 10k in backtaxes... instead of writing the option agreement for 25k (house is worth probably 20-25k), i offered him his full 15k to be conveyed as quit claim deed in hopes it would be more attractive to my buyers and they would assume the liability for the backtaxes and figure it out themselves. would an end buyer like this route more rather than pay full 25k for the taxes to be paid off at closing.  i been told that some investors know how to figure out the backtaxes/liens.  never done something like this anyone have any advice if this is the best way to do it.

have a property where seller wants 15k but owes 10k in backtaxes... instead of writing the option agreement for 25k (house is worth probably 20-25k), i offered him his full 15k to be conveyed as quit claim deed in hopes it would be more attractive to my buyers and they would assume the liability for the backtaxes and figure it out themselves. would an end buyer like this route more rather than pay full 25k for the taxes to be paid off at closing.  i been told that some investors know how to figure out the backtaxes/liens.  never done something like this anyone have any advice if this is the best way to do it.