Hi, all. I received a note in the mail today, that the City of St Paul provides 0% APR loans for landlords to complete improvements. For more info visit www.StPaul.gov/RentalRehabRead More

I have contacted several IRAs custodians during last 5 years and nobody could explain to me how to open self directed IRA account so my IRA could buy properties and didn’t pay taxes on profits because I had Roth Self Directed IRA. I would guess custodians didn’t want to provide this information for several reasons:...Read More

Several weeks ago, I was invited to Mpls association of realtors, because one broker (I will not mention his name) filed a complaint against me because my company has purchased a property that the other broker has listed for 1 day and switched it to TNAS (temporary not available for showings) the same day. The...Read More

Many real estate investors get burned out too fast by buying properties, managing them, fixing them and renting them out. In my opinion being a landlord is not a good strategy at all unless you receive a CASH FLOW (not net income) of $500/month or more per unit. Yes, I know about principal reduction, depreciation,...Read More

I look back when I bought my first investment property at 120 Quaker Ln N Plymouth MN in 2002. I bought it using a conventional loan with low down payment. Many begging investors do not realize that they could qualify for FHA financing as owner occupants and put only $1000 down payment, since many of...Read More

We had a commercial property listed for sale or rent at 809 Main St Hopkins, MN. I showed it to Phillip (Blain) Bundy, he liked it and said that he wanted to purchase it on rent to own option and asked me to reduce rent from $3500/month to $2000 for the first three months, in...Read More

I have been flipping houses since 2001 and every time on April 15th I had to cut a big check to IRS and the State until I realized that sometimes it makes sense to keep a property for more than a year and pay less in income taxes. Here is an example: an average investor...Read More

Wanted to share with every landlord or real estate investor why I don’t recommend owning rentals in Brooklyn Center MN and how I got petty misdemeanor for owning rentals in Brooklyn Center Several years ago I owned 6 single family houses in Brooklyn Center. And one day I got a letter from the City of...Read More

In June 2015 there was a pretty heavy storm in North East Minneapolis and 2 of my properties had a roof and siding damage. On a quad that I own the insurance Co has proposed to pay me 14k claim minus my deductible of 5k. I choose highest deductible possible to minimize the cost of...Read More

I wanted to share with everyone a very important video that I watched today about hardwoods and laminates that were installed in many American homes which were purchased at Lumber Liquidators. It was found that almost all products (laminate and hardwood) products that Lumber Liquidators were selling contained formaldehyde (that is more dangerous than asbestos)....Read More