The Average Minnesota Homeowner Gained More Than $27K in Equity over the Past Year

If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you.

Here’s how it happened. Home values are on the rise thanks to low housing supply and high buyer demand. Basically, there aren’t enough homes available to meet this high buyer interest,  so bidding wars are driving home prices up. When you own a home, the rising prices mean your home is worth more in today’s market. And as home values climb, your equity does too.…

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UNDERSTANDING THE TAX BENEFITS OF PASSIVE INVESTING


Disclaimer: We are not tax professionals. Do not construe this blog as tax or legal advice. You should speak to your tax and legal professionals about your unique situation before making any decisions that could affect your financial future.


Cash flow is amazing, but things get even better when we factor in the tax benefits. A couple quick takes on taxes.

First, the government doesn’t want you overpaying. The purpose of the tax code is to outline all the ways to reduce your taxable liability. Seeking to legally reduce how much you pay in taxes isn’t shady or illegal, it’s smart, and it’s exactly what all the wealthiest people (including our legislative representatives) utilize to keep…

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Single-Family VS Multifamily Investing Podcast

We've got another showdown this week! Are you ready to watch the big fight this Saturday?

Single-Family investing VS Multifamily Investing!

I know, I know... we're biased. We do love our multifamily investing! But in this episode, we really tried our best to give Single-Family investing a fair shot.

Dan and I go back into the ring, in one corner: Single-Family Investing. And in the other corner: Multifamily Investing.

How are they different, what are the pros and cons of each?

We will talk about these things…and more in another episode of Multifamily Investing Made Simple

 Listen on Apple Podcasts 

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The #1 Reason To Sell Your House Today


Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.

Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.



INVENTORY IS AT AN ALL-TIME LOW

Because purchaser demand is so high, the market is running out of available homes for sale. The above-mentioned report states…

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time.

1. Houses Are Not Unaffordable Like They Were During the Housing Boom

The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending standards say a purchaser should not spend more than 28% of their gross income on their mortgage…

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Consumers Agree: It’s a Good Time To Sell

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move.

However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell.

Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below shows the percent of survey respondents who say it’s a good time to sell a house, and their positive outlook is…

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BET ON THE JOCKEY, NOT THE HORSE: Five Traits to Look for in an Operator & Important Questions to Ask

How do you find the right team to help you reach your investment goals? Here are five things to keep in mind and questions to ask to help determine if your operator is the right fit for you.

Personality
Are they smart and hardworking? Do they have integrity? Take the time to find the right personality fit, and never rush into a deal or partnership.

Track Record
Don’t just look at how previous deals performed. Look at how they performed relative to the original business plan. Did the operator project a 20% IRR but only deliver 17%? That’s not a terrible return, but it’s suspicious when compared with the original objective.

Team
Apartment…

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Are you a die-hard fan of Minnesota winters? Or maybe the only thing that’s getting you through the winter is counting the days until spring. Most of us are somewhere in the middle—appreciating the beauty of the season but still needing a boost as we face each new day that seems longer, colder and snowier than the last.

Thankfully, Minneapolis is not a city that slows down when the temperature drops. So, pull on your boots, pull down your hat, and get out there to embrace—and conquer—the last weeks of winter.

The Great Northern Festival
Jan. 27 - Feb. 6
The Great Northern celebrates our cold, creative winters with 10 days of diverse programming that invigorates the mind and body, including public art, musical performances, lectures, workshops, and…

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The 12 Days of Shopping Local

Hats off to the delightfully creative local businesses that choose to call Minneapolis home. And what better time to support our wonderful retail community than the biggest shopping season of the year. Explore these stores and make it a resolution to shop local as much as possible all year long.

I Like You
1955 Johnson St. N.E.
I Like You is a gift shop that gives space to more than 300 artists selling unique cards, jewelry and gifts.

Les Sol
4353 S. Upton Ave. #104
Les Sol is an eclectic Linden Hills boutique offering small, indie brands and locally designed jewelry, women’s clothing and gifts.

D.NOLO
219 N. 2nd St.
This one-stop shopping destination houses three cutting-edge fashion and home décor…

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HOW DO I GET MY Minnesota REAL ESTATE LICENSE?

 

If you’re interested in starting a career in the exciting world of real estate, you’re at least 18 years old and a legal U.S. resident, you can follow these six steps to get your Minnesota real estate license.

Step 1: Register for Course I

There are three 30-hour courses (Course I, II, III) that need to be completed, but only Course I needs to be completed before the exam. Kaplan Real Estate Education offers multiple education options that fulfill the 90-hour requirement.

Go to www.kapre.com/real-estate-courses/minnesota/licensing/salesperson.

Step 2: Pre-Register for Your Real Estate License Exam

There are two ways to register:

· Online registration: Go…

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