Minneapolis

The magic number is $150,000. Houses that sold under $150,000 are up 133% since last year at this time. That is a lot. What does this mean? I think it means you should not buy a house over $150,000 unless it is a very nice house or it produces a lot of income. We are expecting to see more foreclosures this year compared to last year, and we had a lot of foreclosures last year. [click to continue...]

Declining Prices and Minneapolis Hardwood Floor Refinishing

They keep going down. It is hard to see housing prices stabilize this year. Over the next 12 months over 3 million homes are expected to be foreclosed on. This is just going to add to the oversupply of homes on the market right now. So what do you do if you are thinking about buying a house to live in or rent out as an investment property? [click to continue...]

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...]

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...]

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...]

Right now it can be difficult to see anything good in the economy.  Foreclosures are at all time highs, the stock market is down over 30% for the year and we are breaking records for federal government spending deficits.  But right now it is important to see the silver lining in all of this financial crisis.  John F Kennedy once said, “When written in Chinese the word crisis is composed of two characters.  One represents danger, and the other represents opportunity.”  I believe this and there are a lot of opportunities investing in real estate right now.  If you want to take the bull by the horns and increase your income and start your own business, then I would consider starting a real estate rental business.  As a business owner, real estate agent, and investor I have analyzed the Minneapolis real estate market over the last couple years.  I have concluded that right now there are hundreds, if not thousands of houses that could be bought, fix up a little bit and provide a quality income and equity to the savvy entrepreneur.  It will take a bit of cash, hard work, and learning, but I think the rewards will be worth it.  If your a first time home buyer in Minneapolis give me a call today.  I would love to help you out.