Tax Lien Investors in Washington DC
Hi, I am recently into Tax Lien investing in Washington DC, is there anyone investing in Tax Liens in DC? Would love to chat!
Quote from @Zhe Xu:@nedcarey would probably be the guy to ask.
Hi, I am recently into Tax Lien investing in Washington DC, is there anyone investing in Tax Liens in DC? Would love to chat!
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Real Estate Agent Virginia (#0225260957), District of Columbia (#Sp40001090), and Maryland (#667710)
- Samson Properties
Thank you Jack!!! Appreciate you replying to me.
@Zhe Xu what interest rate did you bid it to?
I live in MD but I do not bid in DC as my understanding is there is no money to be made in buying the lien. You only get the interest and rates get bid down pretty low.
Ned
Hi @Ned Carey, I haven't bid yet. Just wanted to understand how it works.
Thank you for letting me know. Do you invest in tax liens in MD?
@Zhe Xu Yes I invest in MD tax liens. Interest rates get bid down to approximately 4%. While certain properties will go for the full interest rate it is rare for a property worth owning. The vast majority of liens go for 2-6% interest. That may change now that we are in a rising interest rate environment.