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

When can creative real estate investing be too creative? 156


Coach Mitch’s REFLECTIONS™

 

In hard times,people try harder

When economic times are hard,we are all trying harder to be creative,to be flexible,to make something out of nothing,or to stretch the little we have into something that can be used.

I was trying to rent a house. It’s one of my keeper properties. I’ve had it for a long . . .

Read More:When can creative real estate investing be too creative? 156

How to become a successful real estate investor. Post 155


Coach Mitch’s REFLECTIONS™

 

The Wannabe

When someone asks me how to be a successful real estate investor,I ask them what they think makes up that success. Invariably,they maintain that knowledge of some real estate investing program is needed,like how to do foreclosure investing,or lease optioning,or rehabilitation,Subject To,etc.

When I ask if they have ever invested in . . .

Read More:How to become a successful real estate investor. Post 155

How do you evaluate a real estate investment? Post 153


Coach Mitch’s REFLECTIONS™

 

A most important skill for any investor,but especially for a real estate investor,is how to evaluate a transaction.

Just say,“Yes!”™

Quickly differentiating what may be a good deal from what is probably a marginal or bad deal,is a necessary skill.

We have all (me too) been guilty of being enthusiastic about having a property owner contact . . .

Read More:How do you evaluate a real estate investment? Post 153