The Anne Arundel County Tax Sale is coming up soon. The date is June 7th, 2011. As many Maryland counties have done, their auction will be online this year. The website is Anne Arundel County Tax Sale. Registration is now open and you must register by June 4 at 4:30 PM.
A list of properties is available now and bids may be submitted starting on June 1, 2011
Good luck and remember – don’t bid too high!
Ned
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9 responses so far ↓
1 Wayne Nunn (1 comments.) // May 26, 2011 at 3:29 pm
I will be there with bells on. I hope to pickup some rehab to rental property.
Wayne
Richmond Real Estate
2 Ruby // May 28, 2011 at 5:38 pm
Thank you for the excellent blog. I have learned a lot in the past hour or reading it.
I’m contemplating getting putting my toes in the water on the AA county auction. Two questions: (1) Can an individual give this a shot, or do you need to form an LLC first? and (2) Now that the counties have moved to online auctions, is it more like eBay where you can enter a bid early and wait until the day of to see if you won, or do you need to be online and bidding at the scheduled time?
I wish I had started researching/learning earlier, and while I’ve heard about tax lien investing for years, it wasn’t until I saw a couple properties in a neighborhood I am very familiar with that I thought – hmmm, that might be something to try. At least it beats the 1.15% my cash is earning right now, and best case, I can get the income property I want.
3 Ned // May 28, 2011 at 11:46 pm
Ruby, Thanks for reading and glad you learned something – that is my goal.
No you do not need an LLC. I have bought liens in my own name before. Yes you can enter your bids early and wait. In fact in case of a tie they award the lien to whoever bid first. However unlike eBay you cannot enter a maximum bid, so that your bid will automatically increase up to that amount if needed. Good luck – Ned
4 Ruby // May 29, 2011 at 10:41 pm
Thanks so much! I’m seriously considering giving it a shot. Entering them early gives us working stiffs a change (and no, I didn’t think the bidding actually worked like eBay as far as incremental bidding goes – sorry that wasn’t clear. I was just thinking in term of putting in a bid and not worrying about being online and available at the moment of the auction).
5 Ned // May 29, 2011 at 10:53 pm
Good luck and let us know how you did – Ned
6 Ruby // Jun 7, 2011 at 1:58 pm
Well, just to upated you. I lost every one I bid on. I was still the high bid on all as of 11pm last night. Such is life. At least I got up the nerve the try, and I’m having fun analyzing the results for lessons learned to maybe try again next year.
7 Ned // Jun 8, 2011 at 9:42 pm
Ruby, congratulations for jumping in and doing it. Most people never get that far. I have learned a lot by analyzing the results from past sales.
8 Danny // Feb 1, 2012 at 12:28 pm
Ned I’m looking at investing in the AA and PG county tax sale in 2012. The websites for the previous years are no longer available. Do you happen to have an excel file with the results of the 2011 sales so I can do some analysis? Thanks!
9 Ned // Mar 3, 2012 at 11:40 pm
Danny,
No I do not have those files. However when registration opens up for this year, you may have access to the past years. That is how it works in Baltimore City.