Inheriting a property after losing a family member or beloved friend can be an overwhelming experience. With or without a will, estates must go through the process of probate. Naturally, if there is a will, the process is much smoother. The home would be in perfect condition in an ideal world, with the mortgage paid … Continued
While selling your house on your own will save you in real estate commissions, much of the costs you will absorb, such as marketing, are included in the commission. These savings come at a high price for most sellers, and we’ll discuss the costs you can expect with an FSBO listing in Edina. Screening Calls … Continued
Write it off! The tax deductions available in the real estate market are a desirable aspect of being a landlord. Successful investors take full advantage of these deductions to attain the best return on each investment dollar. Edina real estate investors need to know these deductions and make property management decisions based on these tax … Continued
Disclosure documents in real estate require you as the seller to list any known issues with the property and remodeling projects undertaken by the current owners. The disclosure process does not exist only to protect the buyer. It is essential to understand that sellers benefit significantly from this step in any real estate transaction. Read … Continued
You can’t win them all! Failure is an integral part of the process of achieving success. Accepting that reality from the start can help you better handle the inevitable. The best outlook is to consider each failure you encounter in your real estate investment business as just another step that investors must take before reaching … Continued
How much you need to save to buy your first investment property in Edina depends upon many variables. It is best when you set a goal to write out concisely on paper the steps you will take to achieve the goal. Even for experienced investors, real estate investors should perform a yearly goal check to … Continued
Downsizing homes can be a daunting task. You can feel confident moving forward and avoid the sense of dread that so often overwhelms homeowners by following a few simple tips to help you downsize your house in Edina. Allow yourself plenty of time to go through your belongings, taking several weeks instead of trying to … Continued
Developing an incredible partnership when you are buying Edina real estate is well worth the effort. Sharing a task by individual strengths can increase the potential for all involved. You must be willing to handle the truth because one of the most important aspects of a good partner is absolute honesty. For a partnership to … Continued
As a landlord, keeping tenants happy is your top priority because it helps avoid vacancies and keep your numbers in the black. Things can escalate quickly if unreported when it comes to housing repairs, such as what may be seemingly minor plumbing problems suddenly become a flood in several units. Vacancies are costly, taking time … Continued
Suppose you have been considering making alterations to your home. In that case, the bottom line is to make sure the work is permitted if required by law to avoid the consequences, which are much more complicated than pulling the permit initially. While you may believe you and your family will live in your current … Continued
Maximizing your return on your investments is the name of the game in the business of real estate investing. Leveraging your wealth allows you to realize the highest return on your investments or ROI. Private lenders provide what are known as hard money loans. Generally, these loans are used by those who have ventured into … Continued
What is wholesaling in real estate? Wholesalers approach homeowners with homes that are typically in a state of disrepair. These owners may want to sell but realize they cannot afford or are physically unable to do the work required to go through the listing process and compete on the Edina MLS. Once the wholesaler contracts … Continued
Too young to own your own business? Not really! When it comes to building wealth, a diversified portfolio should include real estate investments. Time is definitely on your side, and the sooner you begin your investment business in life, the better. It is imperative to have the mindset of running a business from the start. … Continued
Real estate is a numbers game, and there are universal factors that influence the outcome for each player. When you have an opportunity to invest, how will you know if you are holding a great card in your hand? Winners easily recognize these five signs of a great investment property in Edina. Demand Demand for … Continued
X marks the spot, and jumping on the main highway of online listings will not deliver the short sales and foreclosures Edina real estate investors seek. Unlike foreclosures, short sales are voluntary and generally are in move-in condition, usually still occupied. Short sales are, in essence, the last-ditch effort of sellers to avoid entering into … Continued
