I am going to take a departure from discussions about investment property and landlord issues into a more brainy discussion about Real Estate Market Cycles and It's Implication for Market Timing. This post is adapted from a concept called, "The Garrison Cycle", which was created by Marc Garrison
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09/20/2007
I have already received a few calls from investors asking how the recent .5% rate cut in the Fed Funds Rate and Discount Rate will affect them. Although this is a complex question and we will not know immediately, Rich Garvey in his blog entry: The Fed Rate Cut, You, and Your Mortgage outlines
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09/19/2007
I continue to be amazed by the quality of the investment properties that are for sale in Minneapolis. Many of these are priced 10-20% below what they would have been priced at just 12-18 months ago. Here are some examples:....Read more on my blog at: www.minnesotainvestmentrealestate.com Scott
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09/18/2007
How did you decide what to charge for rent in your apartments? Do you rent them quickly or do you show them to dozens of people only to get a tenant once you lower the rent? Maybe you need to check what the other comparable properties are renting for in your neighborhood. Here are a few ideas
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09/17/2007
Landlords, when is the last time you read your standard lease from start to finish? Should I dare say that some of you have never read it? Your lease is your contract with tenant. I assume you spent a considerable amount of time working on your purchase agreement (another contract) for the pur
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09/16/2007
Rich Garvey on his Blog, RichGarveyLive, explains how there are some simple calculations you can do to evaluate your investment properties. He explains Return on Asset (ROA), in his first post: Evaluating Your Investment Property Financially.Scott Ficek is a Realtor with Keller Williams Integri
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09/15/2007
I know I am going to get some comments from readers in other parts of the country about this title! My point is not that anywhere BUT Minnesota is bad. It is just that I often get the question from new investors that ask: "I read investment property in [insert any state here] is a great buy, s
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09/13/2007
Do you just write those expense checks every month for your investment properties without thinking about if the bill is correct or could be lower and/or eliminated? Although you typically can only raise rent every 12 months, it is never the wrong time to work on reducing the expenses of your inv
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09/11/2007
It never fails....the State Fair is over, Labor day was here and gone, the kids are back in school and within days the high temperature is not getting above 70 degrees! Here in Minnesota it seems like the seasons change fast and snow is just right around the corner. It is time to get your invest
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09/10/2007
Assuming you don't have a pile of cash under your mattress to buy that property to flip, you will need to get it somewhere. These are the most common ways to finance your flip:1. Hard money lender-These are individuals in the market that loan money to investors/rehabbers for short periods of ti
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09/09/2007
