If there are excess funds after paying the local/school real estate tax bill, the remainder can go to:Current real estate taxesCurrent Muncipal liens for water/sewer or any other bill initiated by the municipalityState Liens, usually for outstanding state taxes, sometimes employee/employer taxesPA State Inheritance Tax which applies to all deceased owners and starts at dollar one with no exemptions, unlike the Federal Estate Tax. 

I am a new real estate investor who is looking to close on my first deal in the next 2 weeks and I want to be prepared for tax season.

Things are going well with this property which has sparked this desire to seriously pursue Real Estate Investing as a full-time business!

To be perfectly honest, real estate investing, no matter the strategy, has always seemed like a far off dream despite all of the reading I’ve done.

If the lender has not foreclosed or taken a deed in lieu, then the seller is the current owner which is the BK estate. 

What types of funding structures have you found most effective for scaling your real estate portfolio?

In real life it would play out with you telling tenant that it is in their best interest to keep the unit clean and assist with showings so you can minimize the number of vacant days.

Hi Joseph,Shelby, NC presents some interesting opportunities for real estate investment, but it also has some potential challenges to consider. 

Who knows if it was sent or if it was even sent in time.The attorney or tenant could have picked up a phone to call you at any time, but they chose not to.I would find a real estate attorney and argue this in court. 

I am licensed as a real estate broker in Minnesota and Wisconsin.