What’s the best way to handle the taxes on a property I just purchased. I’ve heard of tax lenders, but don’t have equity in property it was a “subject to” deal.
Anyone can point me into a tax solution.
Write a check? What did your purchase agreement say about tax responsibility? If not paid on time, the lender will more than likely advance to protect their interest and then accelerate the note and call it due and payable in full. This is one of the ways the lender finds out you did an illegal transfer. I don't mean against the law, I mean against the covenants of the promissory note between the original borrower and the lender.