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Blog Details for "Minnesota Investment Property Blog"
Minnesota Investment Property BlogMinnesota Investment Property BlogHow to find, buy, own, and manage investment properties in Minnesota. Articles
BiggerPockets Gets Even Better!
2008-01-11 06:42:00 Joshua Dorkin has once again upped the ante for real estate investing websites with the recent site upgrade of BiggerPockets into a Web 2.0 Social Networking Community. BiggerPockets now boasts a membership of almost 12,000 registered members that network to share their knowledge, make real estate deals, and help each other become successful real ...
Pre-Move Out Cleaning Expectations
2008-01-10 05:38:00 If you have tenants, you probably have realized that your definition of clean and the tenant’s is probably vastly different! When a tenant would move out, I would often have to go back in and touch up after even “the best” cleaning efforts of the tenant. I changed my move-out process recently. I decided ... More About: Cleaning , Move , Expectations , Tenants
The Carnival is Coming!
2008-01-07 21:59:00 For those of you that have spent anytime cruising the real estate blogosphere, you may have run across a reference to the “Carnival of Real Estate“. The goal of the Carnival, as it is know in the real estate blogging community, is to: ..bring together the best real estate bloggers from around the ...
Returning the Pre-Lease Deposit
2008-01-03 06:19:00 Many landlords take a deposit from a prospective tenant to hold an apartment prior to move-in. I require a deposit when there is more than 1 week before the start of the new lease. State law is very clear on how this process must be executed when renting Investment Property in Minnesota : The agreement must be ... More About: Lease , Leasing
Minnesota Certificate of Rent Paid
2008-01-01 13:48:00 This is just a reminder to all the Minnesota Investment Property Landlords in the audience. You are required to send a Minnesota Cert ificate of Rent Paid to your tenants by January 31, 2008. This is a simple form that your tenant can use when submitting their taxes. Depending upon their income, they ...
Don?t get emotional about rehabs
2007-12-29 07:17:00 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 ... More About: Minneapolis , Emotional
Good News for Rents
2007-12-26 19:19:00 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 ... More About: News , Good News , Good , Leasing
When will the Housing Slump End?
2007-12-23 13:23:00 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 ... More About: Housing , Slump , Lump
Mortgage Forgiveness Debt Relief Act
2007-12-22 19:45:00 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 ... More About: Mortgage , Debt Relief , Debt , Relief , Forgiveness
Minnesota Investment Property Forms
2007-12-22 04:25:00 ?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 ... More About: Minnesota , Property , Investment , Investment Property , Forms
Multiple Offers on Foreclosed Properties
2007-12-18 07:03:00 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 ... More About: Offers , Foreclosed , Properties , Prop , Closed
Can?t Evict if Always Late on Rent!
2007-12-17 05:59:00 There are many urban legends, rumors, and old wives’ tales surrounding owning investment real estate. Did you hear the one about the landlord not checking on his house for 3 years; when he finally went over there, the tenants had flooded the basement to grow fish to sell at the fish market? Many of ... More About: Late , Rent , Tenants
Construction Loans Defined
2007-12-13 10:00:00 Financing Flipping Houses I have written about construction loans more than a few times when discussing financing flipping houses. It is an excellent way to buy investment property that needs work, rehab it, and do it all with the bank’s money. The Property Pundit wrote an excellent post describing what a construction loan is ... More About: Loans , Construction , Defined , Define
Minnesota Investment Properties in the Suburbs
2007-12-13 05:29:00 In my post ?I Know You Have Questions?, I asked the readers to send me questions or topics that they are confronted with often. John Gall asked two questions which I can answer together: “1. Are any suburbs in particular gold mines for rentals? 2. Are outer suburbs with inexpensive newer ... More About: Minnesota , Investment , Properties , Prop , Pert
My 6 Investment Property New Year?s Resolutions
2007-12-11 05:30:00 I never write (or even think about) New Year ?s resolutions, but all businesses (and investment property is a business) need to set goals and measure themselves against those goals, frequently. After reviewing my cash flow and financial results for 2007, I decided that I need to make some changes and commitments going into this ... More About: Property , Investment , Investment Property
Buying MN Investment Property with Cash Flow
2007-12-07 17:34:00 Here is another question asked by a reader, to my post “I Know You Have Questions”: ?If you had $45k to invest, would you buy one property with 20% down to get some cash flow or buy two with 10% down and break even on cash flow or have a small negative cash flow.? ... More About: Buying , Property , Investment , Investment Property , Cash
If I Could Purchase Only 1 Investment Property
2007-12-06 19:36:00 In my post “I Know You Have Questions”, I asked the readers of my site to send me questions or topics that they are just dying to ask or are confronted with often. John Gall asked: ?If you could purchase only one property would you choose a 4 bedroom and skip 3 bedrooms or consider ... More About: Property , Investment , Investment Property , Purchase , Prop
3 Ways you can go broke in Real Estate
2007-12-05 05:18:00 Jeff Schnepper at MSN Money writes a great article as he puts it: “I’m not singing a song of disaster. I’m singing a song of prudence.” In years past it was easy to make money in real estate. Just buy it and hold on for the appreciation. Well, in this ... More About: Estate , Real Estate , Real
Tenant Applications-Part 2
2007-12-04 05:14:00 Here is a recent question I received: “When screening a tenant, if they have bad credit but a solid rental history would you rent to them? Do you recommend credit checks or focus more on criminal and rental history.” I originally just shot back an answer in a comment, but then decided it ... More About: Applications , Part , Leasing , Tenants , Tena
Best Type of Property Investment for First Time Investors
2007-11-30 03:09:00 Part 2 in my answers to my post “I Know You Have Questions“. John Gall asked: “Of all the types of rental property, is there one type you?d recommend for a first timer?” I get asked this question often, here is my response (also check out my post: How to become a ... More About: Property , Investment , Time , Type , Investors
Best Type of Property Investment for First Time Investors
2007-11-30 03:09:00 Part 2 in my answers to my post “I Know You Have Questions“. John Gall asked: “Of all the types of rental property, is there one type you?d recommend for a first timer?” I get asked this question often, here is my response (also check out my post: How to become a ... More About: Property , Investment , Time , Type , Investors
Screening Tenants with MySpace
2007-11-29 01:13:00 When I read Steve’s post at The Property Pundit, I couldn’t help but smile from ear to ear. When he takes applications for his apartments, he searches the Internet to see if the prospective tenant has an on-line identity. In one case he came across a prospect that was advertising her erotic services ... More About: Myspace , Leasing , Tenants , Tena , Screening
Screening Tenants with MySpace
2007-11-29 01:13:00 When I read Steve’s post at The Property Pundit, I couldn’t help but smile from ear to ear. When he takes applications for his apartments, he searches the Internet to see if the prospective tenant has an on-line identity. In one case he came across a prospect that was advertising her erotic services ... More About: Myspace , Leasing , Tenants , Tena , Screening
Fair Market Rent Evaluation
2007-11-28 07:13:00 In my post “I Know You Have Questions“, I asked the readers of my site to send me questions or topics that they are just dying to ask or are confronted with often. John Gall asked: “Aside from watching asking prices for rents on places like Craig’s list is there a good way to determine ... More About: Market , Fair , Evaluation , Rent , Leasing
Fair Market Rent Evaluation
2007-11-28 07:13:00 In my post “I Know You Have Questions“, I asked the readers of my site to send me questions or topics that they are just dying to ask or are confronted with often. John Gall asked: “Aside from watching asking prices for rents on places like Craig’s list is there a good way to determine ... More About: Market , Fair , Evaluation , Rent , Leasing
I Know You Have Questions!
2007-11-27 16:17:00 I know that people read this Blog as the stats show pageviews, clicks, and RSS subscribers. I don’t (think I) know any of you, but thank you for reading. I find most of my topics from interactions with my customers, other investors, and other real estate agents. I really enjoy working ... More About: Questions
I Know You Have Questions!
2007-11-27 16:17:00 I know that people read this Blog as the stats show pageviews, clicks, and RSS subscribers. I don’t (think I) know any of you, but thank you for reading. I find most of my topics from interactions with my customers, other investors, and other real estate agents. I really enjoy working ... More About: Questions
Who is Your Investing Business Coach?
2007-11-27 04:20:00 I have always stated that if you are going to be successful at buying and owning investment property, you need to build your team of advisors. Chris Lengquist published a great article about the importance of one key trusted advisor you must have when you are investing in real estate. You can read ... More About: Business , Investing , Coach , Sine
Who is Your Investing Business Coach?
2007-11-27 04:20:00 I have always stated that if you are going to be successful at buying and owning investment property, you need to build your team of advisors. Chris Lengquist published a great article about the importance of one key trusted advisor you must have when you are investing in real estate. You can read ... More About: Business , Investing , Coach , Sine
Buying Investment Real Estate in Clusters
More articles from this author:2007-11-26 05:31:00 Almost 80% of my investment property is within 10 minutes of my house. More importantly, I have 2 “clusters” of investment properties where the bulk of my properties are located. Conversely, I have met investors that own 1 duplex 30 minutes south of their house, they own another one 20 minutes north of ... More About: Buying , Estate , Real Estate , Investment , Real 1, 2, 3, 4 |
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