Minnesota Investment Real Estate

If you're new here (and you like what you read), you may want to subscribe to my RSS feed. Thanks for visiting!  Scott

If you like reading about big real estate investment (like buying the World Trade Center) and investors (like Donald Trump), the post written at Mortgage Calculator might be right up your alley. They have chosen their “Top 8 Worst Real Estate Investments on Record“. It is a fascinating account of real estate deals from famous (Bugsy Siegel-The Flamingo in Las Vegas), to the bizarre (selling real estate on the moon).

Scott Ficek is a Minnesota Real Estate Agent with RE/MAX Advantage Plus in Minneapolis and helps new and seasoned investors buy and own Minnesota Investment Property. Find his website full of useful information at Minnesota Investment Real Estate or use it to search the Minnesota MLS for Investment Properties.

Reminder:  This seminar is Tuesday, July 22, 6:30pm, in Burnsville.

A common question that many newer investors ask is: “Do I need an llc to buy investment properties?” or it might be: “How do I protect my personal assets and myself if I am sued?” In these days of frivolous litigation, it is important to have all the pieces in place in case you find yourself on the defendant side of a lawsuit. Or, maybe you already have an llc or two set up, but are not sure if it was done correctly or if it would protect you.

Attorney Matt Engel has helped many investors get their corporate liability shield set up (or fixed). Matt will
talk about why to set up an llc, how you should hold your properties (personally or in the llc), what documents
you should be preparing annually to have a fully functioning llc, and lastly what can happen if you don’t do all the above.

This seminar is geared for both the newer investor or the investor that feels like they need some help in these
areas, and much more! This will be a workshop format to allow you time to get your questions answered in a
group setting.

Register for the seminar by sending me a message here.

Future seminar dates are: Aug 26, Oct 28

Sorry for neglecting my readers and not writing more, but the market is so busy that I am working 15 hour days to keep up. 

But, hey its my 40th Birthday this weekend-so me and some guys are getting away to the cabin until Sunday.  I will work to get more ink on the page in the near future!

Scott 

The NorthstarMLS Matrix system and MLS Co-op are temporarily unavailable due to a major power outage in Vancouver where the servers are located. The city originally expected to have the power restored by July 14, 5:00 p.m. central time, however it now looks like it will take longer because of underground electrical fires that need to be cleared before the damage can be repaired. The Matrix system will be restored as soon as possible after power is returned. In the meantime, click the MLXchange icon to the left to access Northstar MLXchange. We are very sorry for this inconvenience.

Source:  RMLS

This Saturday, July 12, from 3:00pm to 5:00pm, I will be sharing the microphone with Rob Bonahoom and Ryan O’Neill as they discuss real estate. This fast moving and fun Minnesota radio show allows callers to ask us real estate questions.

Ryan O’Neill and Scott Wollmering have been doing the show every Saturday for years and it will be fun to spend the 2 hours with them and Rob Bonahoom, from Cornerstone Mortgage, to discuss investment properties in Minnesota.

Tune in on Saturday at 100.3, KTLK, or check out the Podcast after at the Minnesota Real Estate Show.

Scott Ficek owns and manages almost 30 investment property units from single family to multi-family. Find his website at www.minnesotainvestmentrealestate.com or receive his blog via your RSS Feed or in your Email. He is also a Minnesota Real Estate Agent with RE/MAX Advantage Plus in Minneapolis and helps new and seasoned investors buy and own Investment Property.

To llc or not to llc, that is the question!

A common question that many newer investors ask is: “Do I need an llc to buy investment properties?” or it might be: “How do I protect my personal assets and myself if I am sued?”  In these days of frivolous litigation, it is important to have all the pieces in place in case you find yourself on the defendant side of a lawsuit. Or, maybe you already have an llc or two set up, but are not sure if it was done correctly or if it would protect you.

Attorney Matt Engel has helped many investors get their corporate liability shield set up (or fixed). Matt will
talk about why to set up an llc, how you should hold your properties (personally or in the llc), what documents
you should be preparing annually to have a fully functioning llc, and lastly what can happen if you don’t do all the above.

This seminar is geared for both the newer investor or the investor that feels like they need some help in these
areas, and much more! This will be a workshop format to allow you time to get your questions answered in a
group setting.

Register for the seminar by sending me a message here.

Future seminar dates are: Aug 26, Oct 28