Even “The Rich and Famous” Owe Taxes. Post 85


See the headlines Michael Jackson’s Neverland Ranch public auction canceled http://community.livejournal.com/ohnotheydidnt/23326658.html Sharpton Owes Back Taxes http://www.bootsandsabers.com/index.php/weblog/permalink/sharpton_owes_back_taxes/ This Week’s IRS “Hall of Shame” Inductee: Britney Spears http://taxfacts4u.blogspot.com/2008/05/this-weeks-irs-hall-of-shame-inductee.html Rich folks get into trouble all the time Not long ago I learned from a credible source that “The Donald” has filed for bankruptcy 13 times. According to Barbara […] . . .

Read More: Even “The Rich and Famous” Owe Taxes. Post 85

Property Taxes Are Going Up – Prepare! Post 84


Falling Home Prices Have Little Effect on Property Taxes Real Estate Crash By Miodrag Trajkovic It would certainly seem as though there should be one advantage to dropping home prices. Many homeowners assumed that when the value of their homes fell, their property taxes would as well. This has not been the case in many […] . . .

Read More: Property Taxes Are Going Up – Prepare! Post 84

Foreclosure Bus Tours???!! Post 82


Hop on: Foreclosure Bus Tours Content Manager By: Diane Tuman, | April 1, 2008 | Sports Illustrated has a feature – or, maybe they stopped running it (dunno, since I haven’t picked up the magazine in a while) – named something like, “This Week’s Sign That Apocalypse is Upon Us,” which deals with some bizzaro […] . . .

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The human spirit is elastic. Help those in tax foreclosure. Post 81


T R U S T M A K E R S Asset protection planning and education April 24, 2008 This week I had the honor to spend time with a person who had made it through complete financial destruction and emerged on the other side. We actually had a conversation about the positive side of […] . . .

Read More: The human spirit is elastic. Help those in tax foreclosure. Post 81

How tax delinquent property investing overcomes REI’s most difficult problem. Post 80 Part 2


Coach Mitch’s REFLECTIONS As I stated in Part #1: The #1 real estate investing question is – How do I find the exceptional deals – on a consistent basis? The Answer to the #1 real estate investing problem / question is: You must use an exceptional real estate investing System. Working a good system is […] . . .

Read More: How tax delinquent property investing overcomes REI’s most difficult problem. Post 80 Part 2

How investing in tax delinquent property overcomes REI’s most difficult problem. Post 79 Part 1


Coach Mitch’s REFLECTIONS REI – Real Estate Investing When you first think about real estate investing, most people probably think about fixers, or land lording or perhaps foreclosures, etc. Of course, the late-night infomercials promise to teach you to buy property with no money down – but they never say how to do it. “Buy […] . . .

Read More: How investing in tax delinquent property overcomes REI’s most difficult problem. Post 79 Part 1

The IDEAL property investment. Post 78


Coach Mitch’s REFLECTIONS In the real estate investing world we use quite a few acronym’s to help remind ourselves to do things in a proper manner. First and foremost, we must make sure that we understand the “numbers” regarding the property. If renting, this becomes crucial. One such acronym is IDEAL. I=Income D = Depreciation […] . . .

Read More: The IDEAL property investment. Post 78

Property tax reassessments are going to reduce county income. Post 77


Coach Mitch’s REFLECTIONS Imagine being a county treasurer Fact 1: These days much of the country is facing declining home prices. Fact 2: A large percentage of the counties budget’s come from property taxes. Fact 3: As home prices fall, homeowners will seek to have their property reassessed and try to pay lower property taxes. […] . . .

Read More: Property tax reassessments are going to reduce county income. Post 77

Property Tax Deferral – a new concept. Post 76:


Elderly or disabled homeowners may defer property taxes Charles M. Shannon, Chief Appraiser Fannin County Appraisal District Feb 16, 2008 Texans aged 65 or older or who are disabled may postpone paying delinquent and current property taxes on their homes. They may take advantage of a tax option called “tax deferral” by signing an affidavit […] . . .

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Tax delinquent property is key to finding cheap land. Post 75


Coach Mitch’s REFLECTIONS Many are enamored with the idea of investing in property. I understand. I really like it myself. Besides being enormously profitable, it is a lot of fun. Raw Land As an investment, I like single family houses the best, but a wisely chosen, well placed piece of raw land will get you […] . . .

Read More: Tax delinquent property is key to finding cheap land. Post 75