You don’t need a real estate license to do Coach Mitch’s $1 Option. Post 169


Coach Mitch’s REFLECTIONS™   From time to time the question of licensure comes up, particularly from new clients. For every state, the answer is the same.   Sent: Wednesday, April 20, 2011 6:09 PM To: Coach Mitch Subject: Real Estate/Realtor Law Idaho Hi Mitchell, I looked this info below up today, it sounds like I […] . . .

Read More: You don’t need a real estate license to do Coach Mitch’s $1 Option. Post 169

‘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

The county steals tax delinquent property – from itself. Post 167


Michigan County Treasurer Overruled In Refusal To Give City Right To Buy Tax-Foreclosed Lots At Cost REJournalOnline’s Tax Deeds Investment Newsletter April 8th, 2011 Richard F. Brzezinski wanted to get as much money out of each property tax foreclosure in his county as possible. Unfortunately, this brought him directly up against the his own city […] . . .

Read More: The county steals tax delinquent property – from itself. Post 167

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 […] . . .

Read More: Behavior – change your habits for the better. Post 166

Bad bank loan underwriting persists – tax foreclosures will continue. Post 165


HUD Facing $11 Million in Losses Thanks to Non-Compliant FHA Loans Bryon Ellis Real Estate Letter By Carole VanSickle March 10th 2011 In a recent review of more than 250 loans from 15 lenders, HUD’s Office of the Inspector General (OIG) determined that 49 percent of those loans were non-compliant with FHA guidelines and were […] . . .

Read More: Bad bank loan underwriting persists – tax foreclosures will continue. Post 165

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 […] . . .

Read More: Due diligence – do it or be sorry you didn’t. Post 164

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 […] . . .

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 […] . . .

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 […] . . .

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