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 […] . . .

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

‘Squatter’ rent masks regular rents. Flip tax delinquent properties. Post 168


Benefit To US Economy From Deadbeat Squatters: $50 Billion Per Year ZeroHedge.com 03/30/2011 by Tyler Durden About a year ago, Zero Hedge first floated the then apocryphal idea that the economy is receiving an implicit boost from the money “saved” by squatters: people who no longer pay their mortgage, but due to banks’ unwillingness to […] . . .

Read More: ‘Squatter’ rent masks regular rents. Flip tax delinquent properties. Post 168

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 […] . . .

Read More: Mortgage Assignments are not legal. Post 163

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 […] . . .

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

Mentors / coaches are very valuable. Post 159


Coach Mitch’s REFLECTIONS™   We all need help It is no secret. We all move forward more quickly with the help of others. It certainly helps if you were born into wealth, but America is full of “self-made” stories. And, the next generation will have many women to emulate. The addition of woman to the […] . . .

Read More: Mentors / coaches are very valuable. Post 159

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 […] . . .

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. […] . . .

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

Lawyer gets caught rigging tax lien auctions. Post 150


Attorney sentenced to 1 year for rigging bids at tax lien auctions Baltimore Sun By Jessica Anderson May 5, 2010 Tens of millions of dollars in tax lien purchases were affected by rigging An attorney was sentenced on Tuesday to one year in jail and forced to pay $800,000 in criminal fines for rigging bids […] . . .

Read More: Lawyer gets caught rigging tax lien auctions. Post 150

Putting the bank in its place. Post 148


Coach Mitch’s REFLECTIONS™   When I read this letter, I loved it, and felt that it would gladden the heart of anyone who read it. The ‘haves’ are running the hen house (US) – into the ground. This allows for many opportunities. Those of you who want or need to put your financial house in […] . . .

Read More: Putting the bank in its place. Post 148

Negotiating the right way. Post 146


Coach Mitch’s REFLECTIONS™   A Question In post #142, I answered a student’s question. This is a follow-up. Mitch you are the best, thanks a million. would you by any chance have some recordings of you talking/negotiating with sellers so we can hear it live how this works etc?l The Answer While I appreciate the […] . . .

Read More: Negotiating the right way. Post 146