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Updated almost 10 years ago on . Most recent reply

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2
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Nevin Young
  • Annapolis, MD
0
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2
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Baltimore tax lien investing-- what are the winners bidding?

Nevin Young
  • Annapolis, MD
Posted

I am curious as to whether anyone can give some insight on what the winners are bidding recently in Baltimore tax lien sales. I want to participate this year, but I have only done live auctions before. Obviously I don't want to pay 100 dollars to register, research a hundred properties, and then get skunked because my bids are too low. Neither do I want to bid too high and not be able to foreclose profitably. Can anyone give some insight as to how far into "high bid premium" territory Baltimore tax lien investors are generally bidding? 

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Account Closed
  • Investor
  • Baltimore, MD
688
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Account Closed
  • Investor
  • Baltimore, MD
Replied

what you need to do then....is to figure out what your maximum is to be profitable.....aka, what a house is worth given what condition it could be in (which you will more than likely will not know), your costs to foreclose/take possession, your costs to sell, etc.....all your costs must be figured out.....once you have the math, you know what your highest bid number is......you don't bid based off what others are willing to pay (a largely impossible number to know), you buy based off what you are willing to pay.

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