Newbie Wholesaling vacant properties in DC area
Hi BP Members,
I'm a newbie investor interested in Wholesaling properties in the DMV area. I've read that vacant houses are really good for wholesale deals. I found a list of vacant & blighted properties in DC. When I search through the DC real property assessment database I discovered that alot of the vacant homeowners have $10,000+ in back taxes. Is that a bad thing? Is DC a bad market for wholesaling? Should I search for vacant properties somewhere else?
I've heard that you can structure the contract so that the cash buyer (investor) pays the back taxes. Would investors be willing to cover that much in back taxes?
I'm confused on this matter. Any insight will help. Thanks!