Newbie Needs Advice On Tax Delinquent Fixer
Hello I'm a newbie investor. Earlier this year I aquired a fixer that will be redeemed by the city for delinquent property taxes by the end of this month. I was going to rehab the unit myself but I haven’t had the time, because I’m self-employed in the fast paced world of web site development. I don't currently have the funds to pay the back taxes. What do you recommend me do so as to not lose this investment? :wow:
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Post edited by NC Yank.
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Richard <IMG SRC="images/forum/smilies/icon_smile.gif"> [ Edited by NC_Yank on Date 11/14/2003 ]
gwjr-------------------
I think you mean that the city will be auctioning off the property for delinquent property taxes. Is that correct?
I recommend that you simply sell the property to somebody else who will pay the delinquent property taxes, probably in the escrow.
Put a for sale sign on the property, with your asking price on it. Put an advertisement into the newspaper.
Good Investing***********Ron Starr***********