Tax Overages game..Any updated opinions if its worth going into?

Question

Hi,

I just stumbled upon this idea of hunting down properties sold at tax sale that have overages and informing the prop owner and getting a percentage of the amount..I see alot of mixed opinions online. Anyone know if this is worth getting into as a side hustle these days? ty

Ned Carey · Answer

@Jake K. certainly this can be done in a moral and ethical way. However MD and Baltimore in particular is very liberal. Many of these liberals will perceive what you want to do as wrong, no matter how ethically you operate.

The list in Baltimore of who is owed money  is easy to get at BidBaltimore.com. If you chose to try this let me know how it works out for you.

Ned Carey · Answer

@Jake K. this is an old game and the few people who do it are real pros.  It is not as easy as it sounds.

Partly this is a personal moral question.  Will you tell people how much they are entitled to? Are you going to tell people why they are owed this money? Are you going to charge enough to make it worth your time, yet still be fair to the owner? How do you get paid for your services without withholding information from the owner?

Personally I decided I don't want to deal with those questions.

Jake K. · Answer

:) I hear you, It definitely is. In my mind I would be helping someone and for something they would lose forever..Thank you for the lead and I will keep you updated on my attempt at this,ty!

Jake K. · Answer

Hi Ned,

I do hear what you are saying, but if I would do it,it would be above board. I would definitely tell people exactly how much they are entitled to and why. And my intention would be to make a fair amount that if the shoe were on the other foot, I would be happy to give away to access lost money. Correct me if im wrong but I dont see any moral issue with this if the only alternative is the owner completely losing the entire amount otherwise..As long as the owner is treated fairly and with dignity of course..Are you saying that few ppl who do it are pros because they are being greedy with the home owners? ty