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

Big Shifts – Setting the Stage

Big Shifts

Things are changing in a big way – the economy, the market, our social interaction, and a new year is upon us.  I love this time of year as it’s a reflection of what has already occurred AND an opportunity to create something brand new. To leave behind what–or who–didn’t work in your life and choose to embrace what DID

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

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

STICKY SITUATIONS REQUIRE BRAVERY

Have you ever had an agreement with someone and thought the rules and boundaries were unmistakeably clear? Then…when it was time to split the profits, or put in the money, it became sticky. In real estate deals, sticky situations happen: Suddenly, the boundaries got blurred, there was a misunderstanding or someone didn’t do what they were supposed to. Then the

LOW INVENTORY MEANS QUICK DECISIONS

Powerful people are adept and usually quite good at making quick, decisive decisions. It’s a matter of honing this particular skill and being able to trust yourself fully. What is it that lets one person come to a choice faster than another? What is decisiveness? The ability to discern, instantly, and make a choice between options. A firm or unwavering

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

The Truth About Home Buying Expectations

Peaking emotions are common in the business of real estate.  After all,  buying a house is most likely the largest financial investment made in a persons’ lifetime. What you want and expect versus what you can afford don’t always line up. Investors want to get a great deal yet must beat the competition on offers and it’s the numbers that