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Tax cuts are the buzz word right now. With a new President and Congress in Washington set to break the federal government record on deficit spending many insiders believe the $7500 first time home buyer tax credit will be become permanent instead of having to be paid back. [click to continue...]

People like new things. They like new shoes, clothes, socks, and cars. Well, if you like analyzing stocks, and real estate markets you like new data. At least I do. Looking at data can really help determine if an asset is a good investment or a bad investment. [click to continue...]

Today we make history. It is a good day. Barrack Obama will be the next President of the United States of America. This proves that anything is possible in America. We are in difficult economic times right now, but the way to get out of it is to fight, work hard, and keep trying to improve. This whole thing started with the housing market that got over supplied with homes and unqualified buyers. This whole thing is going to end when that over supply is down and in equilibrium with demand. In 2008 there were 2 million foreclosures, but for 2009 there is expected to be 3 million foreclosures. So we probably got at least two years to get out of this mess. But that doesn’t mean there is not opportunity to capitalize on this economic situation. There is going to be demand for plumbing, hardwood floors, electrical, Sheetrock, and rental properties. These are all industries that will need workers. If you have hardwood floor refinishing needs in Minneapolis give me a call. I would love to help you out.

Did you know that most Americans will work 110 days of the 365 days this year just to pay their income taxes? That is a lot of money if you think about. That doesn’t include taxes for everyday purchases such as gas, T.V. soda or DVDs. What if you could lower your taxes and keep more money in your pocket to save for a raining day or start your own business? If you purchase a home by July 1^st 2009 you can use the federal $7500 tax credit and all the other tax deductions you get when you purchase a home. Some people say that you shouldn’t buy real estate right now, but if you can save money and make money, by putting more cash in your pocket, doesn’t it make sense to do it. Here is a good idea. Find a house for around $100,000. Right now there are 91 multi-family houses on the market in Minneapolis and not North Minneapolis that are under $100,000. You could purchase one of these and rent out the other unit and live for free, plus if you utilize the $7500 tax credit you will probably get money back at the end of year. So if you are paying rent right now, say $900, you could save that by purchasing a duplex. That is an extra $10,800 in cash a year. Now that could really help you out. If you are a first time home buyer in Minneapolis give me a call I would love to help you out. Thanks a lot.

Take advantage of this deal now! This only lasts under July 2009. The credit is for first time home buyers who are purchasing a home for $75,000 or more. Using this program is cash in your pocket. Right now this is important because the economy is in a crazy spot. In addition to getting this tax credit, when you purchase a home you get a lot of other tax deductions. [click to continue...]

Here is a great deal. You can purchase a house by July 1^st 2009 and if you’re a first time home buyer you get a $7500 tax credit on your 2008 taxes or your 2009 taxes. That is great. So a purchase you make today will help offset your tax liability from last year. Say you owe $4000 in taxes for 2008. [click to continue...]

Right now people are scared.  What is going to happen in the future?  It is hard to say, but I know things will be ok in the long run.  People will still need food, clothes, houses, chemicals, building materials, health care, sugar, corn, and oil.  We will still need accountants to do our bookkeeping, engineers to design buildings and cars.  Right now I feel there is just more supply for most products then there is demand and this is the problem.  Things got out of whack because there was too much cheap money being used by banks and consumers.  Things are different now.  Only the people with very good credit will get approved, only very strong companies will be able to survive.  The people who do not have really good credit or bad business will probably fail if they don’t work hard, very hard to overcome this adversity.  In the long run it will force those that are relatively weaker to change their behavior, try harder, gain new skills that are in more demand.  The stronger businesses that are more fundamentally sound will profit from this downturn by getting customers and clients from the weaker ones that fail.  They will expand their businesses, acquire more capital, and invest it in workers and productivity. This change will then lead do an expansion and growth. We got ourselves into this mess. What can you expect when for years people were buying two, three, four houses with no money down, no income or job? There are going to be problems. If you need your Minneapolis hardwood floors refinished give me a call. I promise I won’t scare you.

So your buying your first house.  That is great.  I think this an opportunity of a lifetime right now in the real estate market.  There are so many low priced homes for first time home buyers, you can really find a good deal.  What should you do if you are a first time home buyer? [click to continue...]

You’re fired! More people in the United States loss their jobs than any other month since December 1974. Also 600,000 people lost their jobs in November. More cuts are to be expected over the next year. What can you do about this? It is tough, but we just need to work harder. [click to continue...]