Is A Real Estate Joint Venture/Partnership What You Need?

Are you trying to push your real estate investing to a new level? Typically, the reason for creating a joint venture or partnership is to grow a real estate portfolio more quickly. It might be because partners could complement your skills, a bigger deal could mean greater financial incentives, you’ll be sharing liabilities, and it will allow you to take

Interested in Real Estate Investing? Let me share my story

Interested in Real Estate

I grew up in a family of entrepreneurs. My dad had his own plumbing business and my mom combined freelance reporting for a radio program and being an artist. The conversation around our dinner table was about business and how you can do or have anything you want with no restrictions.  People develop traits and habits from their environment and

The $10,000 Property Tax Problem

Property taxes can seem outrageous, and sometimes actually are!  I certainly thought so when looking at a notice from the county awhile back on a property I had purchased.  There had to be a mistake in the assessed value. It was way too high. Where did they get that number? The Realtor who assisted on the purchase told me to

My Biggest Mistakes in Real Estate Investing

I spent many years investing in real estate in south Minneapolis, buying run down–even condemned–duplexes and four-plexes. My husband at the time was the handyman, bringing these properties back to life along with a crew of subcontractors. We rented the updated and remodeled apartments through a government-subsidized housing program, Section 8. We chose this model of investing for several reasons.

How Much Money Is Needed To Invest in Real Estate?

Most people believe they need a large down payment to even start investing. IT’S NOT TRUE! It’s a big myth, and without any further information the majority of people stop right there. Does this sound familiar?  Is this you? The truth is there are a ton of ways to finance real estate deals. There are methods that are more sophisticated

Are You An Open Minded Investor?

One thing I notice about successful real estate investors is they have an open mind. That’s important because deals don’t always go as planned or turn out the way you expected. If you are stuck in your thinking or wanting to find deals that fit EXACT parameters, the process becomes much more difficult. These are the people who are the

In Real Estate Investing, you need to know your numbers. Do you know yours?

It is amazing that only 30% of Americans have a long-term financial plan that includes savings and investment goals. Aren’t you glad you are one of these people? Anyone who is investing in real estate has to know about the numbers. I’m talking about available cash, leverage, mortgage rates, and cash flow analysis, NOI, ROI and ARV, and so many

Be An Investor – Not A Landlord

What is the difference between an investor and a landlord? A Landlord owns rental property and has a tenant live in the property and pay rent. Many landlords are accidental – inherited the property, not able to sell, lazy, etc. Whereas, an Investor is someone who has a plan, is building on it and is a sophisticated business person. An investor has the foremost

Key To Wealth? A Plan.

Knowing where you are going, then trusting your skills, connections and abilities to get there are the cornerstones of running a great business with confidence, and ultimately achieving wealth.  So what is the critical key?  You need a plan! First, where are you going?  It’s like planning a trip. You decide on the destination and then figure out how to