Hello, I have found a property I am interested in purchasing to use as a rental. It is a SFH. Doing a little research I have found that almost 15k in back taxes are owed on the property. It is currently in foreclosure...
It is always better to ask before the transaction than after.
Just a friendly reminder to everyone to contact their accountant this time of year to check in with any changes to your situations and if needed run an es...
Hi folks,I ran across the podcast linked below:http://www.sidehustlenation.com/the-best-passive-i...It's about flipping raw land. They discuss finding raw land owned by people who owe taxes on it and may be eager to ...
I was contacted by an owner of a house in poor condition. She owes about $11,000 in back taxes on the property. The tax assessed value of the property is $58,364. She told me it is 3 bedroom 1 bath. 988 sq ft. The hou...
Cash out refi than Selling: I have a rental property I owe 60k, appraised 220k, I can get 168k cash out and pay off the 60k to have 108k in cash… now if I turn around and sell for 240k. Do I owe taxes on only the diff...
Got to give a shout out to a tax lien investor who had some random gmail address and went by the name Ben.So, one of the unique things about note investing is when you buy a pool of assets is sometimes a seller is clo...
I'm not sure if this question was answered but here it goes. If I go to a tax sale and bid on a tax lien property with a "mortgage" and win the auction, do I have to pay the monthly payment and/or be responsible for t...
I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...
I sold off a chunk of my portfolio in 2021 due to a heart attack (needed to slow down). I thought I would pay on the proceeds as the money came in, not the full sale price before any money had actually been paid on th...
Hey guys,I just got my first house under contract the other week, and I just discovered that the property has about $12,000 worth of taxes owed. I have it under contract for $8,000. What do I need to, or what can I ...