Deliquent taxes and utilities on acquired property

[Will Hayden]

Greetings to you all, hope you guys holiday was a blessing to you. I am in the process of acquiring a property w/ back taxes of $12,000 and unpaid utilities etc. as it was a investment from the previous owner, who I assume let it sit for a while which explains its current state, it is a distressed property, needs a full rehab and the proper attention could be lucrative for ones portfolio, as excited as i am to step into the realm of owning my 1st piece of real estate for little to nothing, i am kinda reluctant to follow thru finalizing the agreement in worry of hurting myself giving the situation. I would be honored to discuss with anyone my situation to help me conjure up a possible solution, the opportunity pretty much fell out of nowhere and i want to be optismistic about solving the issue, however I'd appreciate some experienced feedback of any kind that helps me.

[Ray Johnson]

@Will Hayden Did the owner tell you about the $12,000 in back taxes and unpaid utilities or did you have a Title search completed and this is what turned up?

It's important that you know exactly what expenses that will be encountered on this deal so you can factor all numbers into your deal. if you haven't done so yet, I'd check for a clean title or see if anything other than what is listed shows up.