Invest Online for an 8% Return – Prince George’s County – Maryland Tax Lien Investing

Discover the opportunity to earn an 8% return through Prince George’s County, Maryland’s tax lien certificate auction. This auction is an internet-based, sealed bid process that is open to everyone, making it a straightforward way to get into real estate investment without needing to live in Maryland.

Overview of the Auction Process

The tax lien auction in Prince George’s County is designed for ease of participation:

1. Registration: Register online by visiting the Prince George’s County Tax Sale website. You’ll need to pay a $150 registration fee and a $1,000 deposit, which goes toward your purchases or is refunded if no certificates are awarded.
2. Bid Submission: Bids can be submitted over a period of time, with certificates awarded to the highest bidders.
3. Payment: Successful bidders must pay the total amount due via wire transfer or cashier’s check by 3:00 p.m. the day after the auction. Bidders must complete IRS Form W-9 and an Authorization for Electronic Funds Disbursement.

Important Auction Details

• Bid Procedure: Sealed bid with high bid premium, where the highest bid wins.
• High Bid Premium: A premium is 20% of the amount by which your bid exceeds 40% of the property’s assessed value. The county refunds this premium upon property redemption or when it delivers a tax sale deed.

Assignment Tax Sale Certificates

For properties that remain unsold after the auction, Assignment Tax Sale certificates are available for purchase starting June 10, 2024. These can be acquired directly by emailing [email protected] with the parcel number, owner’s name, and tax amount.

Key Details and Links

Steps to Get Started

1. Research Local Laws: Understanding the legal framework is crucial. Visit the Prince George’s County Department of Finance for more details.
2. Register Online: Complete your registration and necessary forms by the deadline.
3. Prepare Your Bids: Strategize to avoid overbidding, but aim high enough to secure the property.

Pro Tips

• Do Your Due Diligence: Inspect properties and understand the terms and conditions before bidding.
• Monitor Your Account: Ensure funds are available for successful bids.
• Use Assignment Certificates: If you miss the main auction, look into Assignment Tax Sale certificates for additional opportunities.

FAQs

Q: Can I participate if I don’t live in Maryland?

A: Yes, the auction is open to all, regardless of residency.

Q: What happens if I don’t pay for my winning bid?

A: The system will not award you any certificates and may bar you from future sales.

How do I redeem a property?

A: The current owner can redeem the property anytime until foreclosure by paying the taxes owed.

Useful Links

• Bidding Rules
• Prince George’s County Department of Finance
• Prince George’s County Website
• Earn Solid 6-20% ROI In Maryland Tax Liens!
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Start investing in Tax Liens in Maryland Tax Lien Auctions and earn a 6-20% return on investment!

Need a Hand?

If you need further assistance or guidance with tax lien investing, feel free to reach out for support or book a call. You can also access free resources.

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded