Should I buy Tax Liens Certificates under my name?

Columbia, Maryland
Tax Liens & Mortgage Notes
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Should I buy Tax Liens Certificates under my name?

Alvaro Diego Sequeira
Member since 2024 · 2 posts · 0 votes

Hello everyone, I started a few months ago to do research on Tax Lien and Tax Deed investing.

I think this is a dumb question, but does the owner know your name if you don't buy them through a LLC?

I must not be the first one that is concerned about personal safety.

Thank you!

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Don McAlpine
Member since 2023 · 51 posts · 48 votes
2y

The overwhelming majority of tax liens are ultimately redeemed, so buying in your name in search of anonymity down the road shouldn't be an issue. If you do ultimately foreclose on the property then you could transfer the deed to your LLC at that point.

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    2y

    @Alvaro Diego Sequeira

    LLC doesn't give you anonymity typically.

    They can easily lookup who owns an LLC.

    People who loses a property this way have have multiple opportunities to save or redeem their property. So unlikely they will have a beef with you for the county selling their property.

    This is just my personal experience.

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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    2y
    Quote from @Alvaro Diego Sequeira:

    Hello everyone, I started a few months ago to do research on Tax Lien and Tax Deed investing.

    I think this is a dumb question, but does the owner know your name if you don't buy them through a LLC?

    I must not be the first one that is concerned about personal safety.

    Thank you!

    Wyoming doesn’t list LLC members on any official docs.  Another thing you can do is set up an LLC with a third party service as agent, and that same or another service as manager/member.  You have an unrecorded operating agreement giving you 99.9% of the income, assets, losses,etc.
    However, this is probably overkill.  
    Private Mortgage Financing Partners, LLC
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  • Don McAlpine
    Member since 2023 · 51 posts · 48 votes
    2y

    The overwhelming majority of tax liens are ultimately redeemed, so buying in your name in search of anonymity down the road shouldn't be an issue. If you do ultimately foreclose on the property then you could transfer the deed to your LLC at that point.

    1Reply
  • Alvaro Diego Sequeira
    OP
    Member since 2024 · 2 posts · 0 votes
    2y

    Thank you everyone for your replies! 

    0Reply
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