All Forum Posts by: Chantel Corbett

Got the contract copy, not penalizing them for showing me. They have the seller/owner paying the taxes $4k and then their llc to pay code fines, so I think we will have their llc agree to give funds for fines at closing. Thank you both!

Evaluating a deal from a local wholesaler I need opinions and any experience on this type of situation with back taxes and accruing fines is much appreciated! 1 acre property with 1930 condemned home with asbestos siding. Required to be demolished before county will stop adding to fines ($250/day) currently at $7250. Demo estimate is $8-10k, back taxes due are $4k. Asking $27k. Raw land value is $50-55k Plan is to use as primary residence in future. Main issues are: 1. the wholesaler is stating that the current owner will be paying the taxes and code violation fines. How would this work in a contract if they haven't paid to date why would they pay after closing? Can I have them transfer funds to me at closing in the estimated amount? 2. I've asked for a copy of the contract they have with the seller, they are wanting to do a double closing and I want to make sure I'm covering all my bases. Am I better to offer lower price and then be responsible for the fines and taxes being paid by me? Or offering a higher price with a clause that they somehow will guarantee payment of fines and taxes? Thanks everyone in advance!! Chantel

Ajani Moore Welcome to BP! There is a ton of great information here to soak in as well. Good luck : )

Mandy Pantanella Welcome to BP : ) Looks like you have a great plan for starting out and some great goals to work towards. I've just got one property in the Citrus Park area currently, the USF area has some good potential properties, just be ready to move on them when they come available.

C. Lowe Welcome to BP! I'm in the Tampa area and travel through Sarasota for work quite frequently. I would agree getting your base in connection with a broker is helpful. Looking to the future and possible property management company formation is a wonderful idea. Many REI need a great property management company (not always easy to find), keep your quality high and you won't have a lack of business. Good luck and Congrats on passing your exam.

Welcome to BP! I'm sure your expertise will be valuable to many.

Mark Kindy Hello, our rental is in the Citrus Park area not in the USF location. The market here is picking up for sure. I see you are in Gainesville, that's where I was born and raised ;)

Welcome to BP Blair Flemion !

Sean Ellis welcome to BP! Wishing you great success

Gerald Green welcome to BP! I'm based in Tampa but drive the entire state for work. I'll PM you about what properties you are looking for, maybe I can get you some leads :)