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Updated almost 2 years ago on . Most recent reply
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Hello, My name is Alicia R. Miller
A little bit about me: I am a 48 year old mixed race native Washingtonian. I've lived in P.G. County, MD since 1985. I am MOST interested in tax deed and liens at this time then, rental properties. I lost my Husband a few months ago. He was the only income in the home. I have been learning about real estate investing, tax deeds and liens since 2007 and feel this is the best fit for me to obtain income considering my situation. My current goal is to acquire 3-4 tax deed and/or tax lien properties then sell them immediately. Preferably tax deed properties to start with. I'd like to have an experienced individual provide the necessary step-by-step process for tax deed and tax lien investing in the DC Metro area, Maryland and Virginia. I will be able to move forward with my real estate investing goals after I make it over this hurdle. Thank you for your time.
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@Alicia R Miller Maryland sells tax liens. Virginia sells tax deeds. I believe DC has a hybrid system where an investor buys the lien and if it doesn't redeem it is sold as a tax deed. The tax lien investor in DC never gets the property only the interest. My guess if few go to tax deeds and competition for those properties is probably very high.
You can make money doing this but it is not near as easy, profitable or risk free as you may have been led to believe. The bidding can be very competitive and interest rates in Maryland can get bid down to 4%.