Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Bonus #1 Post 34


Coach Mitch’s REFLECTIONS™

Bonus #1 –Reward Yourself.

But first,let’s review the first five steps.

1 We have determined WHERE to invest.

2 We got WHAT we needed for a database of potentially motivated sellers.

3 We narrowed that huge database down to WHO were the best leads.

4 The marketing explained WHY sellers should contact us.

5 Using the good negotiating skills . . .

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Tax delinquent land targeted by government! Post 40


Daily Southtown

July 18,2007     By Kristen Schorsch –Staff writer

Oak Forest sets sights on tax-delinquent land

Four pieces of vacant land in Oak Forest whose owners haven’t paid property taxes in at least two years might become city-owned land targeted for redevelopment.

City council last week unanimously agreed to participate in the Cook County Tax Reactivation Project.

The city might use the space for single-family homes or for water retention,community development . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Step 5 Post 33


Coach Mitch’s REFLECTIONS™

Step 5 –Make your best deal –Close the transaction

The marketing is successful and sellers are contacting you.

Now you do your due diligence. There are many ways to research the property if it is local and almost as many ways if the property is remote. The research is key.

If the seller responds to your marketing . . .

Read More:Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Step 5 Post 33

Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Step 4 Post 32


Coach Mitch’s REFLECTIONS™

Step 4 –Market to your list of motivated sellers.

After you have picked your geographic areas,gotten your appropriate databases,selected the list of properties to market to –now you must do the marketing.

Marketing is a very interesting subject. Many books have been written on the subject and I have read my share. I agree with . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Step 3 Post 31


Coach Mitch’s REFLECTIONS™

Step 3 Select your list of motivated sellers.

The list of your motivated sellers will be constituted of the owners of the type of properties that you want to deal in. You must choose certain property categories because there are simply too many tax delinquent properties for you to market to them all.

Every type of property that you . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Step 2 Post 30


Coach Mitch’s REFLECTIONS™

Step 2 Get your databases of real estate at risk.

Now that you have chosen the geographic areas in which you wish to invest,the next step is to locate and acquire the databases of the real estate that is at risk,namely those properties where the owner is in danger of losing the property.

There are several of these databases . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…”–Step 1 Post 29


Coach Mitch’s REFLECTIONS™

 

Step 1 –Locate your prime geographic areas.

The first thing that must be done is to decide where you are going to do your real estate investing. Asking this question may seem juvenile,but it is not.

In almost all cases I would recommend that you invest in your own backyard. There are exceptions. Currently,in New York and . . .

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Coach Mitch’s Tax Delinquent Property –5 Step “Ridiculously Simple System….” Post 28


Coach Mitch’s REFLECTIONS

“All success is the result of thought. All thought is the result of need. You should need to succeed. Think about that.”

-Mitchell Goldstein,6/2/07

I need to successfully purchase real estate. I had investigated all the residential real estate investing systems that I could find. Each system worked. Each system had wonderful parts to them. However,each system had major flaws,so I kept . . .

Read More:Coach Mitch’s Tax Delinquent Property –5 Step “Ridiculously Simple System….” Post 28

Tax Delinquent Property Investing From Your Kitchen Table + Over The Counter Tax Liens = $$$ Post 27


Coach Mitch’s REFLECTIONS™

Imagine,you if you could make a telephone call and for free,get a database of properties that have motivated sellers!

There are precious few ways that a treasure trove of leads will fall into your possession. Investing in county held Tax Lien Certificates could be that treasure for you. Of course,what you do with this information is up . . .

Read More:Tax Delinquent Property Investing From Your Kitchen Table + Over The Counter Tax Liens = $$$ Post 27