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Back on Market-Rehabbed Saint Paul Duplex

I love working with investors.  Maybe one of my favorite parts of my job is seeing people take properties that were previously run down, neglected, ugly (and sometimes almost destroyed), and bring them...

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Telltale Signs of a Bad Tenant

I am sure with that headline and what I am about to say will get me some hate e-mail, but I just tell like I see it (even if it is not 100% politically correct or polite). So I stopped by one of my...

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Top Real Estate Investment Markets

Rob over at HomeRun Homes does a nice job of summarizing some of the top Real Estate investing markets on his recent blog post.  While Minnesota did not make his list, I would bet that it would be...

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New Tax Requirements for Rental Property Owners

EFFECTIVE JANUARY 1, 2011- On September 27, 2010, President Obama signed into law the “Small Business Jobs Act of 2010.” The bill contains a number of tax provisions that are designed to give tax...

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Coming to a REO Near You

As we all know, in certain areas, vandalism of vacant houses is almost expected.  When I am touring some neighborhoods, I am almost surprised when the copper water lines have NOT been stolen.  I saw a...

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Great Posts by Other Agents

I was reading posts on several of the other agents blogs over the weekend.  I found some excellent posts that I wanted to share with anyone that reads this blog. Steve Howe posted a little insider...

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A Terrible Bedfellow

I have had two different customers call me in the last 6 months saying that their tenants have found bedbugs in their units.  Unfortunately, both of these calls were from customers that owned 4-plexes....

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Low Ball Offers on Foreclosures-Revisited

I wrote a post about how to write a low ball offer on bank owned foreclosure properties in September 2010.  You can review that low ball REO post here.  I think that all of my original thoughts remain....

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Foreclosure Rates Stay Steady, but Serious Delinquencies Decline

We have not seen the bottom of this foreclosure market yet.  This is especially true in the winter season and an uncertain political climate.  While there is a bright note that the FHA has once again...

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Where Have You Been?

I got a call from a friend and former client last week.  He asked:  ”Where have you been?  We haven’t heard from you in months”.  Well, he was right.  It has been almost 6 months since I posted on my...

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