Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

90
Posts
12
Votes
Eric B.
  • Contractor
  • Cleveland, OH
12
Votes |
90
Posts

LLC or S-corp To Buy Tax Liens

Eric B.
  • Contractor
  • Cleveland, OH
Posted

I recently read some advice that you should never purchase a tax lien in your own name. Well, before reading this advice, I had already purchased about a dozen tax liens in my own name. a few of them have redeemed.

Now I'm thinking that maybe I should acquire an LLC or S-corp to buy my liens from here on out. But here's the thing. I've owned an S-corp before. From 2011 until I dissolved it in 2013. I did almost nothing with it, although it did have its own bank account. I acquired it through a website, not a lawyer. Although it was a lawyer that set it up for me.

Here's my question: if I give this another go, do I buy the entity through a website like before? And if so, what sites would you recommend? Or should I get it through a lawyer this time?

Or was that even good advice I read? Should I just continue to buy them in my own name like I have been doing already?

Loading replies...