All Forum Posts by: Account Closed

I have a list where houses are going up for sale in April , May and some in June . Once one sale is done they usually will put more houses up. The other list I have is delinquent water bills and I have one for everyone’s taxes ( not just the one up for sale). For that house you got a contract for how to you market to that seller ?

What’s up Bp family. I have got my hands on my tax delinquent list and a bunch of other list . I want to know what’s the best way of narrowing this list down , taking more of the sniper approach instead of sending out anything

@Tom S. Thanks

When it comes to wholesaling tax delinquent properties how does the transaction work, if I’m correct I know that nothing can be done until the back taxes are paid. For example let’s say I get a property under contract and the seller owes 10,000 in back taxes , they sell it to me for 30,000 and I put it under contract for 60,000.

60,000 ( selling it to my buyer)

-30,000( what the seller sold it to me for)

30,000( assignment fee taxes included taxes)

10,000( back taxes owed)

————

20,000 (what I make after taxes are paid)

My question is where in this process do the taxes get paid , will the tittle couple take the 10,000 out and send it directly to the taxes accessor ?

@Jose Flores hey I wanted to ask you a question regarding this topic. When you have a property with back taxes under contract how do they go about transferring the tittle to your buyer. I understand you are pretty much selling it to your buyer. When your at the closing table do you tell the tittle company to take the money directly from your assignment fee and they put it towards the back taxes ?

@Alvin Sylvain thanks . I was looking on my tax list and seen a guy who has multiple properties owed on taxes and one was a warehouse that he owes $60,000 taxes, it’s pretty big , I would say the size of a nice sized parking lot. I want to give him a call but I wouldn’t know where to start when it comes to the things u stated . I was going to take a contractor with me far as seeing what’s wrong with the building

I have a question about comps. I found this warehouse that I’m interested in wholesaling. My question is how would I go about running comps for commercial buildings. The guy owes 61000 in taxes and he also has other buildings he owes on, he must be in some type of financial trouble.

Good morning bp family, I have a question about properties with delinquent taxes. I have a list of about 40,000 houses on it, all delinquent tax properties and I have another list of properties about to go up for sale, my question is how do you determine what houses you want to pick from that list. Some houses on here owe 20,000 some owe more and some owe less?

 Yes I would appreciate that. I’m looking for someone that’s willing to run comps for me and maybe we can work together on some other things but I just need the comps for now. I know I can do it on Zillow but I don’t trust their numbers, i don’t want to miss out on a couple thousand dollars because the comps are wrong. 

It came up as Novad management consultanting. It’s a house here in Philadelphia I’m trying to get info on and the those are the owners that came back when I put in address city’s tax website