All Forum Posts by: Patrick G.

Hello,
I've noticed that some people have their name Displayed as First Name Last Initial. I would prefer that. Is there a way to switch that. Or do I have to delete my account and type in G. for my last name?

Thank you,

Patrick

0 Votes

Originally posted by Ned Carey:

Patrick Gessleman I am working on the tax sale as we speak. Just taking a short break to check Bigger Pockets.

Yes you can buy liens from Baltimore City "Over the Counter." This is exaclty how I started. I bought two liens from the leftover list and I was actually able to foreclose on both and take the properties. The profit on those deals was substantial but I was the beneficiary of the sharply climbing market.

The process is go down to the Municipal Building on Holiday street and buy the leftover list. It will cost you $4.00. Go through that list and look for something you want to buy. Then you go to the tax sale office in the same building to purchase the lien. You will need certified funds to buy the lien. The list will be available typically about 3 weeks after the sale.

Good Luck - Ned

Thanks Ned, I was hoping you would respond. Your blog has been a great help to me this past year. That is a huge encouragement that you have started out the same way. I am definitely doing this as soon as the list is released.

I can't deny I have my hopes up of being able to foreclose on a property. But I am really just excited to start the process and get involved with real estate. Most likely I will earn 18% on my investment for a short period of time, and worst case scenario, the City will tell me there was a mistake and refund my check.

Of course I will be certain not to put my small investment on a small portion of an alleyway.

Morris Lucas, Hopefully I bet you there. I will gladly email you my list when you get to town if you need it.

1 Vote

Hello, I have a questions specifically to the tax lien sales in Baltimore City. (The auction is next week.)

To get right to the point. The question is can I purchase a tax lien certificate after the auction and subsequent “Assignment Sale”?

The longer version. The auction is held on-line on May 20th, 2013. Later in the week, the City attempts to sell the remaining tax liens through the Assignment Sale on May 23, 2013. According to data from previous years tax lien auction results and Assignment sale results, there have been left over tax liens, that do not sell. On Baltimore City’s frequently asked questions page #29 specifically states “Subsequent to the Tax Lien Certificate Sale and Tax Lien Certificate Assignment Sale, Tax Lien Certificates are assigned on a first come-first served basis and can be assigned over-the-counter directly from the City. They may also be assigned by mail. All certificates are freely assignable.”

I sent the auction help desk an email to inquire about this process, however, they only handle the auction and could not assist with what happens afterwards.

My hope is that I could purchase a single small tax lien certificate to get my feet wet, test the waters and learn the process. The main benefit to purchasing after the auction that I see is not having to pay the $100 application fee. (I would be too late even if I wanted to) The downside that I see is that I will only have all the left over options, but from what I can tell from past years the left overs seem to cover the whole spectrum.

Thanks for your time,

Patrick

0 Votes

All Forum Posts by: Patrick G.

Patrick G. has started 5 posts and replied 184 times.

Post: Displaying full last name on Bigger Pockets

Post: Displaying full last name on Bigger Pockets

Post: Tax Liens in Baltimore City

Post: Tax Liens in Baltimore City