Why don't wannabe real estate investors invest? Post 215


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

62,000 Tax Foreclosures in Detroit. Post 214


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

Coach Mitch's "Golden Rule" for real estate investing. Post 213


[Ed.] This is part of a story from the Lubavitcher Rebbe Imagine a group of people contemplating a piano. They have never seen or heard of a piano in their lives, nor, for that matter, any other musical instrument – they live in a world in which the very concept of music is unknown. “It’s […] . . .

Read More: Coach Mitch’s “Golden Rule” for real estate investing. Post 213

Coach Mitch's Best Landlording Ideas. Post 212


Coach Mitch’s REFLECTIONS™ I read Mr. Landlord. Recently a good question was posed: What changes have you made in your rental business in the last three years? I list my suggestions first and have cherry picked many of the others. There’s a lot of good stuff here. When I ran a large Real Estate Investors […] . . .

Read More: Coach Mitch’s Best Landlord Ideas. Post 212

City criminalizes landlords. Post 211


Schenectady Gazette NY City cracks down on landlords who miss inspections The crackdown on apartment inspections has begun. Using public documents, city building inspectors have made a list of properties likely to be rented out. Starting with the Union Street area, they sent out 120 letters this week to the owners of those properties. In […] . . .

Read More: City criminalizes landlords. Post 211

Use notes to buy tax sale property. Post 206.


Coach Mitch’s REFLECTIONS™ [Editor’s Note] A student asks about structuring a promissory note. Coach Mitch, Hypothetical scenario, when a tax delinquent homeowner agrees to transfer the property’s responsibility to me, title included, how should a promissory note be structured? Should the amount of the note be the tax amount that has been paid by the […] . . .

Read More: Use notes to buy tax sale property. Post 206

Tax Delinquent Property Allows Landlords To Buy Cheap. Post 204


Coach Mitch’s REFLECTIONS™ facebook March 29, 2014 Editor: This question was posted on facebook. Yes or No? In your opinion, is this onerous… You have paid $35 application fee for new apartment, and told you got the apartment. You agree on a move-in date, and you hire a mover. You show up to give […] . . .

Read More: Tax Delinquent Property Allows Landlords To Buy Cheap. Post 204

Determining good tax delinquent property prospects. Post 201.


Coach Mitch’s REFLECTIONS™   Needing more clarity, a student recently asked me to quantify what he should be looking for to determine what a good tax delinquent property prospect was. I jotted down a few ideas. The biggest idea is that: Every criterion has its range of values, issues and concerns. A good lead takes […] . . .

Read More: Determining good tax delinquent property prospects. Post 201.

Stocks vs. Real Estate - there is no comparison. Post 199


SAFEGUARD Advisers Stock Market vs Real Estate Investing The article points out that most Wall Street bankers, brokers and financial planners are guilty of distorting reality, at best, and outright deceit, at worst, when comparing the performance of the stock market vs the housing market. False Comparison The numbers that are generally compared are stock […] . . .

Read More: Stocks vs. Real Estate – there is no comparison. Post 199

Curb Appeal 101 Post 198


Coach Mitch’s REFLECTIONS™   Plan for tomorrow I’m prepping my house now for sale next spring. Nothing just happens. Everything takes planning. Emotional Appeals It is well known that first impressions have a significant impact on any sale. Think about it; when you first met your partner, you will recall your immediate attraction. It is […] . . .

Read More: Curb Appeal 101. Post 198