My First Tax Lien Sale!

[Elise Wharton]

It's official my people! I have a bidder number for my first tax lien sale!! I am going in light footed because I kind of just want to learn the process right now, but I have done a good amount of research. Between podcasts, forum posts, property searches, court records, and YouTube, I feel pretty good going into this. The only two things I haven't been able to find info on are: 1). Do these people know your real name/has anyone ever been threatened by the people you bought a lien from, and 2). If you bid on multiple properties, do you only win up to the amount of properties that you have a budget for? I plan to bid on more than I actually want, but that's because I don't believe I'll win most of them. Or is that bad to do? I meant to ask Ned Carey because I have noticed he is the go to Maryland tax lien guy, but I can't tag him because we aren't a  connection yet. 

[Ned Carey]

@Elise Wharton are you bidding in the Baltimore sale? Different sale shave different rules. 

I have never been threatened with person harm but once a lender said it was his ex girlfriend that last the house. He said if you evict I will rip out all the cabinets and materials that I paid for. It is a good idea to bid in an entity like an LLC but if you are dealing directly with former owners they are going to know who you are.

In Baltimore city you can set a budget. You could bid a milion dollars but if your budget is only $1,000 they will award you winnings up to $1,000 and then you are done. In some other counties you may not have the ability to set a budget so you need to know you will have enough money to pay for all that you win.