Uncle Sam (you & me) may need to bail out the banks – again! Post 158


Massachusetts Foreclosure Case Likely to Set the Tone Against Banks’ Foreclosure Decisions The Bryan Ellis Real Estate Letter January 7th 2011 …the Massachusetts Supreme Judicial Court upheld a lower court’s decision that two foreclosures were invalid because the banks did not adequately prove that they owned the mortgages in question…The decision likely will set the […] . . .

Read More: Uncle Sam (you & me) may need to bail out the banks – again! Post 158

Tis the season to be buying…Fa la lalalaaa, la laa laa laaaa…Post 157


Coach Mitch’s REFLECTIONS™   When is the best time to buy real estate? What a great question. I have never heard anyone ask that question, have you? Think about it. Everyone asks, “When is the best time to sell?” That’s the way we think. We don’t think in advance. We wait until we own something, […] . . .

Read More: Tis the season to be buying…Fa la lalalaaa, la laa laa laaaa…Post 157

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

Government – How do I love thee? Let me count the ways. Post 154


Trenton tax lien sale is illegal, says group The Trentonian June 28, 2010 By Andria Carter TRENTON – Some homeowners and business owners believe that Trenton’s Tax Department is illegally implementing an accelerated tax lien sale. A group of taxpayers challenged the decision and had their properties removed from the upcoming tax lien sale. However, […] . . .

Read More: Government – How do I love thee? Let me count the ways. Post 154

How do you evaluate a real estate investment? Post 153


Coach Mitch’s REFLECTIONS™   A most important skill for any investor, but especially for a real estate investor, is how to evaluate a transaction. Just say, “Yes!”™ Quickly differentiating what may be a good deal from what is probably a marginal or bad deal, is a necessary skill. We have all (me too) been guilty […] . . .

Read More: How do you evaluate a real estate investment? Post 153

How can I buy tax foreclosures? Post 152


Coach Mitch’s REFLECTIONS™   Real Estate Investing (REI) Investing in real estate may seem a natural place to invest because we are all familiar with housing. After all, we live in a home, we understand many of the issues related to a home, and we know what makes a home desirable and not so desirable. […] . . .

Read More: How can I buy tax foreclosures? Post 152

City pays off its own tax lien. Post 151


Jacksonville taxpayers foot the bill for $86,000 investor profit on Shipyards tax lien Florida Times Union Matt Galnor May 18, 2010 “We just can’t seem to get out of our own way on that project.” Richard Clark, City Council president When the developers of the twice-failed Shipyards project didn’t pay their 2008 property taxes, two […] . . .

Read More: City pays off its own tax lien. Post 151

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

Should I buy at or before tax sale auctions? Post 149


Coach Mitch’s REFLECTIONS™ Hi Coach, Love your stuff but I must be dense. I understand the reasoning behind trying to get a house & land prior to the tax sale and that doesn’t seem to be a problem. What I don’t understand is if I should get a quick claim deed from the owner and […] . . .

Read More: Should I buy at or before tax sale auctions? Post 149