Fast Talking Tax Lien Sellers Post 217


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

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

Property Taxes create poverty and foreclosures. Post 209


Coach Mitch’s REFLECTIONS™ Editor’s note: The below newspaper articles are related and I comment on them as a group illustrating a trend. Property Taxes create Poverty Property taxes in the US are onerous, especially in the northeast. On average, every year, about 2% of the properties in a community will go tax delinquent because people […] . . .

Read More: Property Taxes create hardship, poverty and foreclosures. Post 209

Rental Certificates hurt taxpaying landlords. Post 210


Schenectady Gazette Letter to the editor ~ March 24, 2013 In 1967, the U.S. Supreme Court ruled that, despite a city claiming that these inspections are for health and safety conditions, warrantless inspections of rental units are unconstitutional and violate landlords’ Fourth Amendment rights. Since 1981, New York courts have consistently ruled that cities and […] . . .

Read More: Rental Certificates hurt taxpaying landlords. Post 210

Property Taxes are Cruel and Unusual Punishment. Post 208


The Patriot News January 3, 2015 Central PA: State court voids tax sale of Perry County property Saying the law wasn’t followed to the letter, Commonwealth Court has overturned the tax sale of a Perry County property. The tax bureau first tried to notify Tufarolo that his property was targeted for sale by sending him […] . . .

Read More: Property Taxes are Cruel and Unusual Punishment. Post 208

Bill Cosby says: Take responsibility for your life. Coach Mitch agrees. Post 207


Coach Mitch’s REFLECTIONS™ [Editor’s Note: Coach Mitch agrees with Bill Cosby.] ********************   Life isn’t tied with a bow, but it’s still a gift. And life isn’t fair, but it’s good!! I’m 83. Except for brief period in the 50s when I was doing my National Service, I’ve worked hard since I was 17. Except […] . . .

Read More: Bill Cosby says: Take responsibility for your life. Coach Mitch agrees. Post 207

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