All Forum Posts by: Kenda Bell

I am preparing to dip my toe into tax lien auctions in Baltimore City this May. I am logging potential properties I am interested in BUT I am confused as to the bid itself and the actual high bid premium

1) When I submit my bid,do I submit the total amount i plan to pay OR the high bid premium?

2) How can I calculate the HBP? I have no idea..I saw examples but the lingo didnt make sense to me,...is it basically 20% of the 60% of the value of the property + the lien amount? Is that what I need to have available in my account.

3) Would $2500 be a good start to bid on low lien amounts such as $200 - $600 ..like maybe 2 or 3 

4) What about condos? I saw a few condos on the list, would u advise/not advise on those? Are the different than actual houses/lots?

Thanks!!

Hi !! I am new here and a newbie to real estate. i wanted to know for newbie with a little bit of money (1k - 2k) , which would be the better option bidding online OR waiting & doing the OTC. I concern is that I may get outbid during bidding OR get a junk proper if I do OTC. 

Also, do I need the bid price upon winning in certified check OR do I just pay the tax amount & pay the bid amount if the property is not redeemed by the owner?

Thanks!!