Don’t option. Do a Non-Option Option. Post 171


 

Coach Mitch’s REFLECTIONS™

 

The concept of the Lease/Option is great.

A renter signs a lease and also buys the option, the potential, to purchase the home.

Tenants certainly do like the idea of being an owner. They are renting your home because they like it and the prospect of owning the home is appealing.

I have done my share of lease-options over . . .

Read More: Don’t option. Do a Non-Option Option. Post 171

Taxes too high? Add to your real estate investment income. Post 170


MSN.com 4/25/20 By MSN Money staff

The best and worst states for taxes

Where you live can make a big difference in how much you pay in taxes.

States may use similar methods to fund their budgets — taxes on income, sales, property, fuel, alcohol, tobacco — but each does so its own way.There are 50 states in the union and, there are 50 different formulas for collecting taxes. For example, only . . .

Read More: Taxes too high? Add to your real estate investment income. Post 170

You don’t need a real estate license to do Coach Mitch’s $1 Option. Post 169


Coach Mitch’s REFLECTIONS™

 

From time to time the question of licensure comes up, particularly from new clients. For every state, the answer is the same.

 

Sent: Wednesday, April 20, 2011 6:09 PM To: Coach Mitch Subject: Real Estate/Realtor Law Idaho

Hi Mitchell,

I looked this info below up today, it sounds like I have to have a Realtor license to do this?

Please advise?

http://irec.idaho.gov/guidelines/guideline02.pdf

. . .

Read More: You don’t need a real estate license to do Coach Mitch’s $1 Option. Post 169

Behavior – change your habits for the better. Post 166


Coach Mitch’s REFLECTIONS

 

Not all systems are good.

Think about this idea for a minute. How often do we give in to bad behavior that we know is not good, but we do it anyway.

Our brain and persona are comfortable with our bad behavior. We have internalized (systematized) our bad habits until we no longer even think about them. We just do . . .

Read More: Behavior – change your habits for the better. Post 166

Due diligence – do it or be sorry you didn’t. Post 164


Coach Mitch’s REFLECTIONS

Haste Makes Waste

I am increasingly worried about the lack of due diligence amongst wanna-be real estate investors. One of the more misinterpreted guru sayings is, “You can’t steal a deal if you’re moving in slow motion.” Well sometimes if you move too fast, it is you who is bamboozled.

The voice of experience

I read a blog . . .

Read More: Due diligence – do it or be sorry you didn’t. Post 164

Mortgage Assignments are not legal. Post 163


Warning – Mortgage Assignments are not what you think.

Duncan Wierman  Jan 27, 2011

“Mortgage Assignments” are a dangerous, deceptive and short-term strategy. Use it at your own risk.  I am on the war path and very alarmed about many real estate information marketing gurus who are promoting this strategy.   These so called real estate gurus are glossing over the real risks – to the buyer, seller, and “broker” – inherent in this strategy, I . . .

Read More: Mortgage Assignments are not legal. Post 163

Mortgage foreclosures keep on, keepin’ on. Post 162


January Foreclosure Activity Continues To Be Depressed Due To Robofraud,  Judicial State REOs Plunge

RealtyTrac by Tyler Durden  02/10/2011

“Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing.” What is interesting is the growing distinction between judicial and non-judicial state REO activity…

A total . . .

Read More: Mortgage foreclosures keep on, keepin’ on. Post 162

Tax lien foreclosure in Wyoming…Post 161


Has anyone heard of buying tax foreclosure property in Wyoming?

February 1st, 2011

I saw a blog and the 5 comments had lots of inaccurate information.

I thought you should be apprised of what passes for informed thought in America these days. I indicated the incorrect comment in bold and labeled it (INCORRECT) I left the 5 comments intact so as to retain the context of their comment. My . . .

Read More: Tax lien foreclosure in Wyoming…Post 161

Is commercial tax delinquent property a good beginner investment? Post 160


Coach Mitch’s REFLECTIONS™

 

Another subscriber question.

Hi Mitch,

Have you ever done this … (tax delinquent property investing…ed.note)

with Commercial Real Estate ?

Thanks, Angelo

*************

Angelo,

Thank you for the question.

Investing in commercial tax delinquent property is done in the same manner as residential property investing.

Typically though,

the sellers are more sophisticated, have many more assets, as well . . .

Read More: Is commercial tax delinquent property a good beginner investment? Post 160

Tis the season to be buying…Fa la lalalaaa, la laa laa laaaa…Post 157


Coach Mitch’s REFLECTIONS™

 

When is the best time to buy real estate?

What a great question. I have never heard anyone ask that question, have you?

Think about it. Everyone asks, “When is the best time to sell?” That’s the way we think. We don’t think in advance. We wait until we own something, and then we start thinking about selling it. What . . .

Read More: Tis the season to be buying…Fa la lalalaaa, la laa laa laaaa…Post 157