Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

Account Closed
  • Wholesaler
  • Phoenix, AZ
10
Votes |
97
Posts

Question For All Wholeseler Experts (IRS lien on property)

Account Closed
  • Wholesaler
  • Phoenix, AZ
Posted

Quick question to my Wholeseler experts: 

What would you do in the current situation, this is more of a creative financing situation.

Seller agrees on a price to sell you the house, he is selling you the house for a 50% discount of ARV. He has a loan of about 20% of ARV BUT he has an a personal IRS lien to his name 10-15% higher than we you get the property under contract for. IRS puts a lien on his personal property. Property is in foreclosure process he has about 2 1/2 months.

What would you do ?

Loading replies...