Knowing how to buy property with delinquent taxes can open you up to a slew of new deals. Maybe while driving for dollars, you stumble across a property with back taxes on it. What do you do? Contact the owner about your interest? Check with the courthouse first? Of course, you don’t want to make a real estate faux pas and miss out on a great deal! Fortunately, Ashley and Tony are here to help you navigate the situation.

Welcome back to another Rookie Reply! Today, we’re addressing properties with tax liens and how to potentially get them below market value. We also talk about buying property as a real estate agent and putting your commission towards a down payment. If home renovations are on your radar, you’ll want to tune in to our discussion on estimating rehab costs and pulling permits. Lastly, you’ll learn about tax strategies for flippers, and why hiring a tax planner is a must, even if you’ve yet to buy your first property!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE)

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A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1) (Episode #165):
https://www.biggerpockets.com/blog/ro...
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Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard (Episode #166):
https://www.biggerpockets.com/blog/ro...
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How to Legally Avoid Taxes by Investing in Real Estate (Episode #255):
https://www.biggerpockets.com/blog/ro...
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From Restaurant Waiter to 100+ Deals in Only 4 Years w/ Derrick Acuff (Episode #103):
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Hear Devana and Reid’s Sober Living Investment Story (Episode #265):
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Get Your Copy of "The Book on Estimating Rehab Costs" by J Scott:
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Find Off-Market Deals with PropStream:
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Tony: https://www.biggerpockets.com/users/t...
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Episode #272

Show notes at: https://www.biggerpockets.com/blog/ro...

00:00 Intro
04:04 Buying Properties With Back Taxes
06:57 Putting Commission Towards a Down Payment
10:16 How to Estimate Rehab Costs
20:51 Tax Strategies for Flippers
27:24 Building Closing Costs into an FHA Loan
31:40 Pulling Permits for Renovations