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Tax Liens & Mortgage Notes

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Eric B.
  • Contractor
  • Cleveland, OH
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LLC or S-corp To Buy Tax Liens

Eric B.
  • Contractor
  • Cleveland, OH
Posted Mar 9 2018, 23:17

I recently read some advice that you should never purchase a tax lien in your own name. Well, before reading this advice, I had already purchased about a dozen tax liens in my own name. a few of them have redeemed.

Now I'm thinking that maybe I should acquire an LLC or S-corp to buy my liens from here on out. But here's the thing. I've owned an S-corp before. From 2011 until I dissolved it in 2013. I did almost nothing with it, although it did have its own bank account. I acquired it through a website, not a lawyer. Although it was a lawyer that set it up for me.

Here's my question: if I give this another go, do I buy the entity through a website like before? And if so, what sites would you recommend? Or should I get it through a lawyer this time?

Or was that even good advice I read? Should I just continue to buy them in my own name like I have been doing already?

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