So you say you want to get into flipping houses. If all you have done is watch a marathon weekend of "Flip this house", you haven't even begun to get ready! To be successful at flipping houses, there is a considerable amount of prep work that you need to complete before you ever begin to make of
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09/08/2007
When meeting with new clients, a question often comes up: "How do I know that my Realtor is not keeping all the good deals for himself?". The answer to that question depends upon your Realtor and their trustworthiness and motives, but generally I believe most Realtors are excited and anxious to
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09/06/2007
The September Minnesota Investment Real Estate Advisors newsletter is now available at www.mnirea.com/newsletters.asp. It has great information for new and seasoned investors.
09/05/2007
The next Investor Club meeting will be held on Wednesday, September 12 at 6:30 at the Mendakota Country Club. At this meeting, Scott Ficek will be presenting on Flipping 101. Our investor club meetings are a great opportunity to meet other real estate investors. The meetings last just over an h
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09/04/2007
The Minnesota Department of Transportation and the Minneapolis Public Works Department are presenting plans to create a new off ramp from I-35W South exiting onto East Hennepin Avenue via either Lincoln Street or Buchanan Street. These ramps are in response to the 35W bridge collapse and are sai
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08/30/2007
That is easy---911...but who do you call when you are on the beach in Acapulco and the water heater at your investment property dies? Or more importantly, who do your tenants call when the water heater dies and you are out of cell phone range? Do you have a plan and/or people in place so you ca
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08/29/2007
You decide to not renew your tenant's lease for any number of good reasons (noise complaints, consistently late payments, dirty apartment, etc). After you notify them of your decision, they stop taking your calls and don't answer the door when you stop over. They need to vacate their apartment
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08/28/2007
The definition of flipping is as varied as the definition of a "good" investment. I looked up the definition of "Flipping" (houses) and there isn't actually a dictionary entry yet! The closest definition I could find actually applies to equities in the stock market (but it seems correct): "To
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08/27/2007
It seems so clear now that I have been an investor for many years, but I can remember how intimidating it was trying to figure out where/how to get started. It felt like being a freshman on the first day of high school. Just like any new experience/hobby/job/change, you just need to get started
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08/23/2007
As I take on new investment property customers, one of the early questions is: "Where do you find tenants?". As with most other questions, I usually say "It depends". The neighborhood in which the property is located often has a lot to do with your advertising technique. Here are some differe
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08/21/2007
