How to be a ‘Millionaire’ for only $1000. Post 134


Coach Mitch’s REFLECTIONS™   Give the system what it wants (Coach Mitch advice) A banker wants to see assets. If the asset is liquid, like a stock or a bond, then he gives you credit for it. If the asset is real estate, the banker gives you credit for that also. The banking system does […] . . .

Read More: How to be a ‘Millionaire’ for only $1000. Post 134

With taxes so high, it’s easy to go into foreclosure. Post 133


Coach Mitch’s REFLECTIONS™   The question: How did they manage it? Did you ever wonder how families used to be so large and still survive? Into the 1920’s and beyond it was routine for a working man to support seven or more, and on an average salary of $28 a week. In fact, the average […] . . .

Read More: With taxes so high, it’s easy to go into foreclosure. Post 133

Media Ignores Main Reason for Foreclosures. Post 132


Loss of good jobs through ‘free’ trade is at heart of foreclosure epidemic February 18, 2008 American Free Press By Mark Anderson With the mortgage crisis reaching critical mass, it’s time for Americans to see past the media reports that are keeping them in the dark. Take Shaker Heights, a suburb of Cleveland. Foreclosures have […] . . .

Read More: Media Ignores Main Reason for Foreclosures. Post 132

Government goes after mortgage foreclosure loan modifiers. Post 131


Bloomberg.com June 9 (Bloomberg) New York Attorney General Andrew Cuomo subpoenaed 14 loan-modification companies and plans to sue another one as part of a probe of the “foreclosure rescue” industry. Loan modification companies, which get lenders to change the terms of mortgages to help avoid foreclosure, are capitalizing on the housing crisis and preying on […] . . .

Read More: Government goes after mortgage foreclosure loan modifiers. Post 131

TLC’s down – Tax appeals UP. Post 130


Dade tax collector advertising fewer properties this year even with recession Miami Today May 28, 2009 RisaPolansky Despite a rough economy, fewer delinquent property tax certificates are being advertised for sale in Miami-Dade this year than last. In 2008, the county tax collector advertised 89,795 properties before the annual delinquent tax certificate sale. This year, […] . . .

Read More: TLC’s down – Tax appeals UP. Post 130

Predictions – Investors back off tax liens. Post 129


Tax lien auction still leaves $2.6 million gap for Pasco St Petersburg Times Florida May 28, 2009 By Jodie Tillman It may have been a record, but it wasn’t the one that Pasco Tax Collector Mike Olson was hoping to set: More than $2.6 million in property taxes for 2008 remains unpaid after Tuesday’s tax […] . . .

Read More: Predictions – Investors back off tax liens. Post 129

Florida tax liens – Beware! Post 128


BARTOW | Friday is the last day to pay 2008 property taxes without incurring extra costs, according to Polk County Tax Collector Joe G. Tedder. After June 1, tax certificates on the delinquent tax bills will go on sale, Tedder said. Tax certificates are sold to aid local governments in recouping the tax money already […] . . .

Read More: Florida tax liens – Beware! Post 128

Landlording 202. Post 126


Coach Mitch’s REFLECTIONS™   Landlording If you are going to be part of the real estate investing business, understand that you will be a landlord at some point. Get over it I know, I know. No one wants to be a landlord. Well, I’m sorry, but it comes with the real estate investing territory. It […] . . .

Read More: Landlording 202. Post 126

Commercial Paper may be the next shoe to drop. Post 125


Coach Mitch’s REFLECTIONS™   I will let this email speak for itself. I did not edit the email. Commercial Paper time bomb Subject: The One Trillion Commercial Real Estate Time Bomb From: cfo-newsletter@emailblitz.com Date: Mon, May 4, 2009 8:37 am To: ————————- The One Trillion Commercial Real Estate Time Bomb data provided by Deutsche Bank […] . . .

Read More: Commercial Paper may be the next shoe to drop. Post 125

Real estate investing signs work wonders. Post 123


Coach Mitch’s REFLECTIONS™   Signs work Look in the exterior sidebar. See the picture of a sign. It reads: “Why Rent? 100% Financing, No Down Payment, 439-6100.” I have used this sign many times. Each time I have a property for sale, I display this sign prominently – and the phone rings. At a minimum, […] . . .

Read More: Real estate investing signs work wonders. Post 123