All Forum Posts by: Thomas Carney

Mel Griffin thanks for the info! Good luck to your son.

Ned Carey thanks for the advice.  I'll take your advice into consideration.

Last year I was told about trying my hand at tax lien sales but it was after the time that the properties tax certificates were being sold.  I saw the property list last year and they had homes still in good shape for as little as $1000 for the tax lien certificate.  This year I feel like I can get a jump on things because in my city (Baltimore) tax lien certificates go on sale May 1st.  I just want to know is it any pit falls or things I should know about before I pay my $100 fee to participate or should I just stay away because it's not worth it.  Thanks in advance for all advice!

I have a cousin by marriage who called me about 2 months ago to come look at his investment property in Baltimore City and give him a quote on how much it would cost to fix everything for a tenant.  Since then he hasn't done anything to the property because he is financially strapped at the moment but he still has a mortgage on the home that he pays every month.  The property had a major flood on the basement about 2 years ago and since then the property has been empty because  the mold remediation is very expensive and he just doesn't have the funds to get the work done.  On top of that the contractor he hired to fix it up the first time did a horrible job on the shower where it leaked and the 1st floor ceiling fell. Question is what are the steps that I should take to set up a seller finance with him if it's even possible? The only way I have financed previously is through a bank so any input would be greatly appreciated.  

Thanks Kimberly!

Thanks Mark I'll check it out.

Thanks everyone! From reading you guys post I feel like I made the choice by joining Bigger Pockets

Hello my name is Thomas Carney and I am really enthusiastic about acquiring buy and hold or flip properties in the Baltimore metro area. I fell into real estate when my dad passed in March 2015 and his reverse mortgage company tried to take his home.  Long story short after finding rules and laws for beneficiaries on reverse mortgages I bought my dad's home and moved my dad's next door neighbors daughter and her husband. All I can say is when I picked that first rental payment up I was hooked and I realized that investing in properties was in my future.