Archive for December, 2007
Don’t get emotional about rehabs
Even though I have looked at 100s of houses in my career, I still get excited about finding an Investment Property that could be beautiful after a rehab. Maybe I am still stuck in 2002 when you could flip houses and sell them as fast as you could buy them. I suppose some would say [...]
Even though I have looked at 100s of houses in my career, I still get excited about finding an Investment Property that could be beautiful after a rehab. Maybe I am still stuck in 2002 when you could flip houses and sell them as fast as you could buy them. I suppose some would say [...]
Good News for Rents
Melinda Fulmer from MSN Money gives all landlords and investment property owners good news. Apartment (asking) rents jumped 4.2% in the 3rd quarter alone. Vacancy rates, although, are hovering at the same rate as last year at this time. I believe we will continue to see good news in these areas as foreclosures the tightened [...]
Melinda Fulmer from MSN Money gives all landlords and investment property owners good news. Apartment (asking) rents jumped 4.2% in the 3rd quarter alone. Vacancy rates, although, are hovering at the same rate as last year at this time. I believe we will continue to see good news in these areas as foreclosures the tightened [...]
When will the Housing Slump End?
I am often asked “When is the housing market going to turn around?” I have heard every variation of the future by “experts” over the last 12 months. BawldGuy Talking is a very intelligent and insightful blog about investment property and the housing market. He recently wrote a fantastic post not giving his opinion as [...]
I am often asked “When is the housing market going to turn around?” I have heard every variation of the future by “experts” over the last 12 months. BawldGuy Talking is a very intelligent and insightful blog about investment property and the housing market. He recently wrote a fantastic post not giving his opinion as [...]
Mortgage Forgiveness Debt Relief Act
You may have heard about homeowners losing their homes to foreclosure or selling them in a short sale, only to be hit with a tax bill afterwards. The IRS saw the forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure as taxable income. Therefore, the IRS was adding insult to [...]
You may have heard about homeowners losing their homes to foreclosure or selling them in a short sale, only to be hit with a tax bill afterwards. The IRS saw the forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure as taxable income. Therefore, the IRS was adding insult to [...]
Minnesota Investment Property Forms
“Where can I get leases for tenants” is a question that I get from new investors often. There are many sources from which to get your landlord documents and forms. Many investors will create their own by just downloading the files from the web and modifying them to their needs. While this works in many [...]
“Where can I get leases for tenants” is a question that I get from new investors often. There are many sources from which to get your landlord documents and forms. Many investors will create their own by just downloading the files from the web and modifying them to their needs. While this works in many [...]
Multiple Offers on Foreclosed Properties
Do you remember the Minnesota housing market in 2000-2005, when a seller would receive multiple offers (many above list price) the first day a house went on the market? As a buyer, I remember being ready to drop everything at work and drive immediately to any house that appeared on the MLS in our price [...]
Do you remember the Minnesota housing market in 2000-2005, when a seller would receive multiple offers (many above list price) the first day a house went on the market? As a buyer, I remember being ready to drop everything at work and drive immediately to any house that appeared on the MLS in our price [...]
