And let's not forget that some areas have no transfer or excise taxes to pay.

My attorney has told me that there are a lot of fines being levied against brokers and agents for violations of agency and lack of disclosure.

So, you'd be doing a contract assignment", it seemed a bit counter-intuitive, until I read about their Real Estate Excise Tax:-http://dor.wa.gov/content/findtaxesandrates/othert...Is that what you were getting at?

@Levi F.

Prior to sale I spoke with the levying deputy and she said the price includes any liens for this property, the proceedings took place and all parties were notified and had plenty of time to file but didn't.

@Levi Borundaif your turnkey/rental property goes vacant for three month period, will you have reserves to carry the mortgage, prop tax and insurance. thats a question you should answer before committing HELOC funds to rentals

this lady says "was wondering if it was possible for you to put into the contract that you will be paying off the back taxes on the house and the levy"how do i add this into the contract?

The agents do not pay for license renewal fees, do not take required continuing education classes, lose license for student loan delinquencies , child support issues, get IRS levy notices on their commissions for back taxes owed and on and on.

In the case of RE it is the sale/purchase that completes service.Maybe the sale/purchase should go through with the realtors given right to levy against the property if payment is not recieved much like the mechanics lien for contractors who dont get paid after performing.

My name is Levi, I am 24 years old and my wife and I are very interested in real estate investing.