The flipper’s paradise has returned and is in full effect around the Twin Cities metro area. It appears that it is 2002-2006 all over again when it comes to “turn and burn” real estate for property flippers. Not only are the lower-end properties hard to grab, most buyers area finding themselves competing with wannabe seasoned [...]
Beaware of Slavery to Sovereignty operating in the Twin Cities
January 18, 2010 By Leave a Comment
A public service announcement of sorts. The TC Daily Planet has an article about a new mortgage scam/fraud making it’s way around the Twin Cities metro area. With the foreclosure rate in the metro area still soaring, struggling homeowners face a new and more sinister threat – unscrupulous scam artists. With ads claiming they can [...]
Flipper’s Rejoice? 90 Day FHA Seasoning Temporary
January 15, 2010 By Leave a Comment
Good news for local Twin Cities house flipper’s (those that buy cheap houses and put $10,000 life’s work into it and sell for massive profit or attempt) the FHA 90 day seasoning rule has been temporarily lifted starting in February 1st and running for a year. Here is the release from HUD. If you are [...]
Funds Are On The Way
January 15, 2010 By Leave a Comment
Looks like some metro areas that are riddled with foreclosures will get some help with the funds from Recovery Act phase 2 out of ?. Roughly $2 billion is being set aside to help revitalize neighborhoods across the country. From HUD.GOV: “Vacant homes have a debilitating effect on neighborhoods and often lead to reduced property [...]
Sunday Mashup
January 10, 2010 By 1 Comment
Well The Good News Lasted About A Month – Here Comes The Bull Rush Of Bad, Again
January 7, 2010 By Leave a Comment
Found in my feed reader the past two days… Pending sales slows, from the NYT: The National Association of Realtors said that its index of pending home sales plunged to 96 from a revised level of 114.3 in October. Analysts had predicted a drop, but nothing like that. “We thought it would drop 2 percent,” [...]
Ladin Ventures and the Ma Pa Shops
January 6, 2010 By Leave a Comment
Recently I decided to switch companies from Coldwell Banker Burnet to Ladin Ventures and the article below features the CEO, Steve which at one point was front page of the local biz journal I’m told. Note: This article was originally published in the Minneapolis-St. Paul Biz Journal and borrowed from Steve’s blog. Photo taken by [...]
Prices Heading Lower If Not Already There
January 5, 2010 By Leave a Comment
Let’s be honest with ourselves on this one, home prices are still going to fall. Les Christie from CNN throws out three basic reasons why home prices are heading lower: more foreclosures, rising interest rates and the home buyer tax credit coming to an end. Here’s the proof in case your not a regular reader: [...]
Why Now Might Be The Time For Office Or Retail Space
January 4, 2010 By Leave a Comment
How? Isn’t It A Bad Time Let’s start out by saying it may not be for everyone, but for those that are opportunistic its there. Finding affordable office space is definitely within sight for many small business that need to expand or that witty start-up entrepreneur that needs to get out of the parents basement. [...]
