All Forum Posts by: Scott J.

Hello all,

I want to participate in a tax sale in Maryland. This would be my first time participating in one and my question is, when is the right time to get an attorney? Do I need one? Also are there things I should look out for in a property? From what I understand Prince George's County for instance, the tax lien supersedes past mortgages, bills, etc.

Originally posted by @Chris Mason:

No, you wouldn't be a FTHB any more. But, so what?

Do you want to take 4% down payment assist, and 5% for your rate on an owner occupied property, or do you want to take 5% DPA and take 5.5% for an owner occ 30 year fixed? Oh, and there's penalties if you refi within 3 years. All of a sudden, there's not too much "special" about the "FTHB program" is there? :)

This is one of the two most commonly used DPA programs in my state, California,  but it's basically the same everywhere. There's no "free" money.

 Oh ok, that's unfortunate; in Maryland, they have a program that would get rid of student loan debt depending on the value of the house you buy. It would be really helpful for me to use. Thanks for the answer!

Hello all,

So I'm in a bit of a dilemma here. There's a property for sale at a good price that I think would be a good opportunity to start the REI journey with. I also want to buy a house to live in for myself and take advantage of the various first time home buyer programs as well. My question is, if I were to buy the investment property first will I still be considered a first time home buyer when I buy a house to live in? By definition, a first time home buyer "is an individual who has not had an ownership interest in a principal residence (anywhere) for the previous three (3) years." I won't be living in it so I'm assuming that I won't lose it. What do you guys think?

Hey all, I'm new to real estate investing and I see loads of houses on Zillow that are Pre-auction/foreclosed. How do you start the process? On sites like Zillow it says to hire a foreclosure specialist, is it just a matter of hiring someone like that? I know some direct you to auction sites but others don't really have much information on it. Sorry if this is an obvious question.Thanks!