I look back when I bought my first investment property at 120 Quaker Ln N Plymouth MN in 2002. I bought it using a conventional loan with low down payment. Many begging investors do not realize that they could qualify for FHA financing as owner occupants and put only $1000 down payment, since many of […]
We had a commercial property listed for sale or rent at 809 Main St Hopkins, MN. I showed it to Phillip (Blain) Bundy, he liked it and said that he wanted to purchase it on rent to own option and asked me to reduce rent from $3500/month to $2000 for the first three months, in […]
I have been flipping houses since 2001 and every time on April 15th I had to cut a big check to IRS and the State until I realized that sometimes it makes sense to keep a property for more than a year and pay less in income taxes. Here is an example: an average investor […]
Wanted to share with every landlord or real estate investor why I don’t recommend owning rentals in Brooklyn Center MN and how I got petty misdemeanor for owning rentals in Brooklyn Center Several years ago I owned 6 single family houses in Brooklyn Center. And one day I got a letter from the City of […]
In June 2015 there was a pretty heavy storm in North East Minneapolis and 2 of my properties had a roof and siding damage. On a quad that I own the insurance Co has proposed to pay me 14k claim minus my deductible of 5k. I choose highest deductible possible to minimize the cost of […]
I wanted to share with everyone a very important video that I watched today about hardwoods and laminates that were installed in many American homes which were purchased at Lumber Liquidators. It was found that almost all products (laminate and hardwood) products that Lumber Liquidators were selling contained formaldehyde (that is more dangerous than asbestos). […]
1. From my experience the fastest way to sell a house is to price it right. Your house has to be the best house for the lowest price that one can buy. 2. If you are not looking to spend money and make your house look better, the second thing that works best is to […]
I came across a very interesting video that describes implications of selling properties with owners financing or Contracts for Deed and how Dodd Frank Act affects these transactions. http://www.legalwiz.com/owner-financing-dodd-frank-safe-act/?replytocom=122792#respond
We decided to shot this video of Alonzo Wesley to raise public awareness and raise funds to help this family of 11 children that Alonzo is raising with his partner. Alonzo is not able to receive ANY support from the government because he does not have proper documentation to support that children who have been […]
- 1
- 2