Baltimore Real Estate Investing Blog

Ned Carey's Comments on Real Estate Investing, Business and Finance

Baltimore Real Estate Investing Blog header image 2

Learn to Invest in Tax Sale

March 25th, 2011 · 8 Comments

Tax Sale Attorney Anthony Onwuanibe

Anthony Onwuanibe was in the line at the tax sale office.

As he patiently answered questions from others in the line, I listened in. This guy really knows his stuff.  I took the opportunity to pick his brain with every question I could think of about tax sale investing.

He told me he was an attorney that handled tax sale foreclosures and offered to meet and answer even more questions.  This started our long relationship. A very profitable relationship.

Anthony handled my first first successful tax sale foreclosure transaction.  I made $30,000 on that one.
While that is not typical, it isn’t the only tax sale property that I have made 5 figures on.

Update – New Class See this Post

I have made a LOT of money in tax sale.

But Maryland tax sale investing can be tricky, especially in Baltimore City.  Now you can learn from the attorney that taught me.  Anthony is offering a class to learn all the ins and outs of tax sale investing. Three sessions totaling 6 hours on March 29th, April 5th and April 12th. Click here for the tax sale course outline. Quality education is never cheap but this class is a bargain for serious investors.  Only $975.00!      To Register Click Here

Tax sale investing class

Readers of this blog save $50!

Because of my close relationship with Anthony he said I could offer my readers $50 off.  Your price will be $925.  Just mention my name, Ned Carey when registering and save $50!  Or click here for a special registration form.

Happy Investing,

Ned

PS: If you sign up, let me know what you think of the class.

Tags: Advanced tips · real estate · Tax Liens

8 responses so far ↓

  • 1 Charles (2 comments.) // Apr 4, 2011 at 5:18 pm

    Seems like it was a lucky day for the both of you. Pretty shrewd to stand in line and answer questions free. Great marketing on his part.

  • 2 Ned // Apr 4, 2011 at 9:25 pm

    Thanks for stopping by and commenting Charles.

  • 3 Yury // Apr 14, 2011 at 1:05 pm

    Ned – are you gonna be looking for interns this year?

  • 4 Ned // Apr 18, 2011 at 11:38 pm

    Yes although I am behind in setting it up. Contact me through the “contact us” link at the top of the page.

  • 5 Yury // Apr 22, 2011 at 8:44 am

    Sent a message with my phone #

  • 6 Georgina // Apr 30, 2011 at 2:02 am

    Is he really that good? If so, why is his office actually scheduled to sell in this year’s tax lien sale – not too impressive !!

  • 7 Yury // May 2, 2011 at 12:56 pm

    Georgina – what’s the address so we can all check? Thanks

  • 8 Ned // May 2, 2011 at 6:44 pm

    Georgina and Yury,

    Yes Anthony’s office is scheduled to go into this years tax sale. If you took his class you might learn why this can be a good strategy. Read about his new class in this post.

    There are several reasons to let a property get behind on taxes or even let it go into the sale:

    1) Let someone else pay your taxes. – If they bid to high then they cannot foreclose. (or it makes no sense to)
    2) Buy your own lien and Foreclose on your self. – This can be done to clear up the title on property (see why foreclose on yourself)
    3) Cash flow – Interest on property taxes is 18%, that is about the same as a hard money loan. – Good investors can earn more than 18% on a good deal. This makes it worth using the city as a creditor. (See Hard Money)

Leave a Comment

By submiting you agree to our COMMENT POLICY - read here

CommentLuv badge