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Updated about 9 years ago on . Most recent reply presented by

User Stats

76
Posts
13
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Adrian Reyes
  • Real Estate Investor
  • Edinburg, TX
13
Votes |
76
Posts

Tax Issue

Adrian Reyes
  • Real Estate Investor
  • Edinburg, TX
Posted
Hey everybody, Ok so my father-in-law just purchased a house from is brother for 35k, but his brother is backed on taxes about 2 years, from what I've been told by my fiancé I guess they signed a purchase contract where the occupants have a 3 month period to move out that they have agreed on if not my father-in-law would have the right to get his money back. So my questions are; what happens to the back taxes? If my father-in-law does obtain the property will he be getting taxed? Who would he need to consult with to get on the right track and might I add the right contracts made? I'm trying to think of any other questions I may have on this situation any feedback would be appreciated from both me and my father-in-law Thank you guys

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