Tax delinquencies trending dramatically higher. Post 47


Charlotte County, FL 08/18/07 Number of delinquent tax warrants spikes Officials cite economic downturn for unpaid taxes The Charlotte County Tax Collector was set to file for warrants Friday to seize personal property, if necessary, to collect $1 million in unpaid tangible property taxes from 1,204 people who failed to pay their 2006 taxes, according […] . . .

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The “housing bubble” is starting to burst in Florida. Post 36


Coach Mitch’s REFLECTIONS™ South Florida Business Journal – Monday, July 30, 2007 Great Florida Bank said its profit fell 98% in the second quarter due to an accounting change, and reported a large increase in non-performing loans. Coral Gables-based Great Florida (OTCBB: GFLBA) earned $65,000 for the recent quarter, compared with $3.9 million for 2006’s […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” Bonus #2 – Post 35


Coach Mitch’s REFLECTIONS™ Bonus 2 – Do It Again! Sounds easy doesn’t it? But it’s not. It is a sad fact that Americans have a very short attention span. Humans often have energy and excitement for only a short period of time; and sometimes, for only a very, very short amount of time. Since that […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” – Bonus #1 Post 34


Coach Mitch’s REFLECTIONS™ Bonus #1 – Reward Yourself. But first, let’s review the first five steps. 1 We have determined WHERE to invest. 2 We got WHAT we needed for a database of potentially motivated sellers. 3 We narrowed that huge database down to WHO were the best leads. 4 The marketing explained WHY sellers […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” – Step 5 Post 33


Coach Mitch’s REFLECTIONS™ Step 5 – Make your best deal – Close the transaction The marketing is successful and sellers are contacting you. Now you do your due diligence. There are many ways to research the property if it is local and almost as many ways if the property is remote. The research is key. […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” – Step 4 Post 32


Coach Mitch’s REFLECTIONS™ Step 4 – Market to your list of motivated sellers. After you have picked your geographic areas, gotten your appropriate databases, selected the list of properties to market to – now you must do the marketing. Marketing is a very interesting subject. Many books have been written on the subject and I […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” – Step 3 Post 31


Coach Mitch’s REFLECTIONS™ Step 3 Select your list of motivated sellers. The list of your motivated sellers will be constituted of the owners of the type of properties that you want to deal in. You must choose certain property categories because there are simply too many tax delinquent properties for you to market to them […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” – Step 2 Post 30


Coach Mitch’s REFLECTIONS™ Step 2 Get your databases of real estate at risk. Now that you have chosen the geographic areas in which you wish to invest, the next step is to locate and acquire the databases of the real estate that is at risk, namely those properties where the owner is in danger of […] . . .

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Coach Mitch’s Tax Delinquent Property “Ridiculously Simple System…” – Step 1 Post 29


Coach Mitch’s REFLECTIONS™   Step 1 – Locate your prime geographic areas. The first thing that must be done is to decide where you are going to do your real estate investing. Asking this question may seem juvenile, but it is not. In almost all cases I would recommend that you invest in your own […] . . .

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Coach Mitch’s Tax Delinquent Property – 5 Step “Ridiculously Simple System….” Post 28


Coach Mitch’s REFLECTIONS “All success is the result of thought. All thought is the result of need. You should need to succeed. Think about that.” -Mitchell Goldstein, 6/2/07 I need to successfully purchase real estate. I had investigated all the residential real estate investing systems that I could find. Each system worked. Each system had […] . . .

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