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Updated about 6 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Chase Schneider
  • Independence, MO
4
Votes |
11
Posts

Back Taxes for Friend of a Friend

Chase Schneider
  • Independence, MO
Posted

I have a friend of a friend type situation that owes $7,000 in back taxes on a house that is paid off. They can not afford to pay the taxes. The house needs roughly $10,000 worth of repairs. The ARV would be around $100k.

Would there ever be a situation where they sell me the house for $1.00, I pay the taxes and fix it up, then we sell it and split the profit?

Would love any recommendations. 

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