All Forum Posts by: Amit Masih

Hi @Bobby Masih, I would highly recommend posting this question on LandInnvestors. They would be abe to give advice with a situation like this, best of luck!

Thank you!

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Originally posted by @Steve Morris:

"they would assume the liability for the backtaxes "

1) Not vmany buyers want clouds on the title after close AND

2) Unless your county is VERY generous, they want the past due at close.

Think of a better plan.

What you mean it may not be common where you are but in Pitt I know of many investors who wouldn’t want to pay outright for a property and would rather take on the taxes for themselves and pay a small percentage for them to be left alone. You obviously have your own experiences but I haven’t had any in this particular area concerning the back taxes. So if you wanna quote and sound like you know everything do some research my guy.

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Originally posted by @Patrick Johnson:

@Bobby Masih Ah. Understood. I am not in the know of such practices but I'm sure there are others who are more versed in these matters. I was evaluating it from a simple assignment/wholesale perspective.

Appreciate it bro. Stay up

1 Vote

Originally posted by @Wayne Brooks:

@Bobby Masih No....what idiot investor do you think will pay $25k for a $20k property....$15k plus $10k is still $25k.

Chill out my son. My guy had sellers put his name in a trust and deed the house to him with 36k in taxes instead of paying them the full 36k. He found a way to minimize the penalty. I wanted to know if this was common to do.

0 Votes

All Forum Posts by: Amit Masih

Amit Masih has started 0 posts and replied 4 times.

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