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Updated over 7 years ago on . Most recent reply

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8
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Marissa Cowan
  • Upper Marlboro, MD
2
Votes |
8
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Tax Liens in Baltimore City

Marissa Cowan
  • Upper Marlboro, MD
Posted

Hello All!! It has taken me some time to post to BiggerPockets but here I am!! :). I have a few questions about the tax lien process in Baltimore City and would like to glean from people who know the system. I am trying to buy my first tax lien properties over the counter for Baltimore City in the next couple of months. I wanted to know if anyone had some advice on finding a good property? I have looked at the tax lien list for 2017 and hopefully they still have some good properties left over. I am looking at areas that are close to hospitals or universities (yes I know that is broad but I haven't narrowed it down yet). I was looking for something close to John's Hopkins on E. 33rd St. I want to know if there is a way for me to inspect the house even though I am not allowed to go into it? I know I need to check for structural damage but my concern is purchasing a property that has severe problems on the inside I cannot see because I didn't get a chance to go inside before I purchased the lien.

Also I would like to know if I purchase a lien and find out the property has too much damage for me to fix, is there a way for me to sell it? I do not have a lot of cash right now so I am only trying to find properties that need cosmetic upgrades.

If anyone has a good tax sale lawyer to help me foreclose on the properties could you please leave their contact information, I would greatly appreciate it.

Any other information anyone has to offer about the tax lien process for Baltimore City (over the counter) would be greatly appreciated.

My main focus is to buy multi-family properties so that I can live a comfortable lifestyle and retire early. If anyone has any suggestions on purchasing multi-family properties as well please feel free to share the information. I greatly appreciate it. :)

Thank you all!!

Most Popular Reply

User Stats

643
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407
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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
407
Votes |
643
Posts
Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
Replied

@Marissa Cowan

Why go to to time and expense to buy a left over tax lien for $2000. Its left over for a reason. Even if you found a decent structure its going to be in the worst part of town. You will have to put at least $30K into it. If you want to deal in junk in bad neighborhoods you should take an easier approach. Go to the MLS and buy a $30K house and put 2K into it. Same result.

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