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Updated about 6 years ago on .

Mac Usher's profile image
Mac Usher's profile image
Mac Usher
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Sep 5, 2014
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User Stats

30
Posts
3
Votes
Mac Usher's profile image
Mac Usher's profile image
Mac Usher
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Sep 5, 2014
Connect
Mac Usher
  • Rental Property Investor
  • Atlanta, GA
3
Votes |
30
Posts
Real Estate Deal Analysis & Advice

Putting a Deal Together. Insight please!

Mac Usher
  • Rental Property Investor
  • Atlanta, GA
Posted

Hi BP, I have the below scenario and would like your insight.

What?: 5 Acre estate consisting of 4 lots and 2 houses. 100% paid off.

Challenge: Severely delinquent property taxes on all property.

Proposal: 60/40% (me 40) ownership in all properties in exchange for me bringing all taxes current, maintain grounds and pay all taxes going forward.

What items would you include in the purchase agreement/bill of sale?

Thanks

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