Coach Mitch’s REFLECTIONS™ In order to satisfy a seller, I was asked by a student how to put together a transaction when the tax delinquent owner wants to stay in the home. The typical property I encourage students to seek are those properties with no liens or small liens, i.e. mortgages, judgements, etc. In this manner, […] . . .
Read More: Satisfy the seller #1. Post 223
Coach Mitch’s REFLECTIONS™ Editor’s Note: I speak with quite a few REI wannabe’s who would love nothing better than to be successful real estate investors. They see a real estate related TV program or listen to a REI guru’s presentation and see themselves doing the same thing, that is to say: find a great deal […] . . .
Read More: Decide to Overcome Fear and Do Real Estate Investing. Post 222
Coach Mitch’s REFLECTIONS™ In every subject, business or endeavor, there are varying levels of information, levels of expertise, levels of creativity, and levels of accomplishment. I will loosely label them as Good, Better and Best. I will explain why I think that tax lien and tax deed investing is the BEST of the BEST! When […] . . .
Read More: Tax Lien and Tax Deed Investing versus a J.O.B. = Just Over Broke Post 221
Coach Mitch’s REFLECTIONS™ In a recent forum discussion within MrLandlord.com the topic was: Who won’t you rent to… ? Question: Other than the obvious (can’t afford, eviction history) are there any groups/career fields you won’t rent to? And why? There were lots of answers, here’s a list. 1. Property manager 2. Military 3. Parents of […] . . .
Read More: To do rentals or to not do rentals, that is the question? Post 220
Coach Mitch’s REFLECTIONS™ Editor’s Note Recently, a new student got his first property. He got his list, mailed a few letters and one response he got back was from a desperate seller just prior to the tax auction. This highly motivated tax delinquent seller said, “Just take the property.” The student gave her $1 for […] . . .
Read More: Coach Mitch’s Lease/Option with Rehab. Post 219
Coach Mitch’s REFLECTIONS™ On a landlording site an interesting question got a lot of response. The Question What is your policy toward on time rental payment? Do you have a Zero Tolerance, ZT, for late rental payments, or do you work with the tenants and their situation? To be Late Payment Tolerant or Not […] . . .
Read More: What is your late payment rental policy? Post 218
Craigslist: FL Tax Lien On Sale 10/7/2015 Legal Notice — Florida Tax Lien Sales — Daily News You can invest in tax lien certificates from anywhere in the world. When you own a tax lien certificate, you have a certain right on the property, but you don’t own the property yet. Tax year is […] . . .
Read More: Beware Fast Talking Tax Lien Sellers. Post 217
How Do You Increase Your Rate of Return? http://kclau.com/investment/increase-return/ ******************** Coach Mitch’s REFLECTIONS™ Editor’s Note: I commented on this article about increasing yield. You started to allude to where the real returns within investment are, in your own business. Businessmen know that the best return is created when they invest in themselves, e.g. their knowledge, their […] . . .
Read More: How To Increase Your Rate of Return. Post 216
Coach Mitch’s REFLECTIONS™ Aside from winning the lottery or marrying into money, investing in real estate seems to be thought of as a way that the average American can gain wealth. They are correct! Most people I speak with are fascinated by the idea of being real estate investors, but only very few actually do […] . . .
Read More: Why Don’t Wannabe Real Estate Investors Invest? Post 215
Mass Tax Foreclosure Threatens Detroit Homeowners AP March 30, 2015 Homeowners sit … waiting for their cases to be heard to avoid foreclosure from tax debts in Detroit on Jan. 29. This year, Wayne County officials sent out 62,000 foreclosure notices to city homeowners behind on property taxes. In Detroit, tens of thousands of people […] . . .
Read More: 62,000 Tax Foreclosures in Detroit. Post 214