Wholesale Deal with Back Taxes and Seller Financing
So I have a property under contract that has $15,000 in back taxes. Buyer made a offer that included seller financing in order to have cash flow for property repairs. Buyer also agrees to assume back taxes. My seller has a agreed to these terms. How should I proceed with this deal
Selling Price $24,000
Due at close $12,000
Financing $12,000 over 8 months
Assignment Fee $4,000
My question is how to structure this deal so that the seller is protected with the financing, yet still transferring tax responsibilities over to buyer