Archive for March, 2008

Prepping to Sell your Investment Property-Revisited

Thursday, March 20th, 2008

If you’re new here (and you like what you read), you may want to subscribe to my RSS feed. Thanks for visiting!  ScottI believe that most real estate investors are probably more excited about the day they will sell their investment property, than the day they buy it! I first wrote about this […]

Paying Interest on your Investment Property Security Deposits

Friday, March 14th, 2008

I hope I am “preaching to the choir” when I remind everyone that in Minnesota, you must pay your tenant interest on the security deposit they have on file with you, when they move out. As a landlord, you must return a tenant’s security deposit plus interest or give a written explanation why the […]

7 Ways to Generate More Income from Single Family Investment Properties

Wednesday, March 12th, 2008

Single Family houses make great additions to your Minnesota investment real estate portfolios. They are stable, good income producing properties. The tenants tend to be longer term and the buildings tend to have less management requirements. Unfortunately, they can also leave very little opportunity to improve your cash flow. Here are […]

Buy the Short Sale or Wait for the Foreclosure?

Monday, March 10th, 2008

If you are a real estate investor in this market, it is almost certain that you will be looking at houses that are “short sales” and properties that have been foreclosed on (also called REO or bank-owned properties). When working with customers, I often get the question: “Do you get a better deal with […]

Minnesota Real Estate Investing 101 Seminar

Wednesday, March 5th, 2008

I am excited that we will be hosting a Real Estate Investing 101 Seminar on Wednesday, March 26, 6:30-8:00pm in Burnsville. This seminar will be a one and a half hour presentation in regards to wealth building through real estate. There is no charge at all, no contracts you sign with us, no consultation […]

Anatomy of a North Minneapolis Rehab

Sunday, March 2nd, 2008

Just like other areas of the country, Minneapolis has been hit hard by foreclosures. In my opinion, North Minneapolis has been hit worse than other areas with some streets having 5-10 REO properties on them. This situation has created a unique opportunity for real estate investors to profit from this glut of REO properties. Most investors are buying low, fixing up the property and unlike a traditional flip: renting it out, and expecting to wait 3-5 years to cash out.