Have you been denied by banks for a self-employed Minnesota home loan because of your tax write-offs?

It’s a common problem I hear in Minnesota where a self-employed business owner has a hard time qualifying for a bank loan for a number of reasons. Some of the most popular reasons are other than the down payment. For example a bad credit score would be one reason, it even a successful self-employed business owner with excellent credit that’s been self-employed for under 2 years will often have challenges getting financing for a bank loan. One of the most...

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Compound Effect & Leverage Work Both Ways

One of the most important things people can understand about business and their lifestyle is the power of the compound effect and the power of leverage. In the surface they may seem like two very different ways to think about business and your lifestyle, but if you think of both as cyclical and daily habits with more data points a long the way you will see how both the compound effect and leverage work both ways. Meaning they have positive...

Read More

Debt-Dependent Speculative System US Economy

Through my research looking into the leverage and the liquidity in the US economy and markets I’ve noticed an overlapping narrative of how the leverage may eventually become too much cause a short-term or long-term liquidity crisis like we have already seen with the over night and term repo market in this past month which has now turned into QE4. Charles Hugh Smith typically writes the most clear narratives in my opinion. A lot of people like to talk about...

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What does too much loan leverage as a Minnesota landlord look like?

Whether you are a brand new landlord or have been a landlord for years with a handful of rentals I’m here to tell you how to look for situations that sound like yours where you may be too leveraged with loans and money and maybe even time as a Minnesota landlord. Let’s say you don’t wait years and years to keep saving 20% down to go the traditional route on additional properties. Let’s keep the conversation simple and just say...

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Qualify with 12 months of NO 30+ day late payments PLUS fill out an online app to determine your DTI to buy a Minnesota home

As I’ve talked to 100s of people quickly over the last few months as they decide whether they want to buy a house, or if they believe they will even qualify, we quickly get into their credit score and money upfront. Many who are thinking of renting quickly find out it’s less money upfront for many to qualify for a loan. The fixed low interest rate may even protect you from an a future inflationary economy where rents go way...

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If perceived value of collateral goes down we could see falling demand and liquidity issues

The US economy is in an interesting spot right now. We are said to have parts of the economy in an earnings recession, that’s not the definition that most are familiar with. When many people think If recession they think of it lasting for a couple years and a lot of people out of work and a large loss of your stocks and real estate values or the home that you live in. While this is a good definition we...

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Have you been denied by banks for a self-employed Minnesota home loan because of your tax write-offs?

Posted by on Aug 26, 2019 in contract for deed

It’s a common problem I hear in Minnesota where a self-employed business owner has a hard time qualifying for a bank loan for a number of reasons.

Some of the most popular reasons are other than the down payment. For example a bad credit score would be one reason, it even a successful self-employed business owner with excellent credit that’s been self-employed for under 2 years will often have challenges getting financing for a bank loan.

One of the most …

Read More »

Compound Effect & Leverage Work Both Ways

Posted by on Oct 12, 2019 in compound effect

One of the most important things people can understand about business and their lifestyle is the power of the compound effect and the power of leverage.

In the surface they may seem like two very different ways to think about business and your lifestyle, but if you think of both as cyclical and daily habits with more data points a long the way you will see how both the compound effect and leverage work both ways. Meaning they have positive …

Read More »

Debt-Dependent Speculative System US Economy

Posted by on Oct 11, 2019 in us economy

Through my research looking into the leverage and the liquidity in the US economy and markets I’ve noticed an overlapping narrative of how the leverage may eventually become too much cause a short-term or long-term liquidity crisis like we have already seen with the over night and term repo market in this past month which has now turned into QE4.

Charles Hugh Smith typically writes the most clear narratives in my opinion.

A lot of people like to talk about …

Read More »

What does too much loan leverage as a Minnesota landlord look like?

Posted by on Sep 20, 2019 in minnesota landlords

Whether you are a brand new landlord or have been a landlord for years with a handful of rentals I’m here to tell you how to look for situations that sound like yours where you may be too leveraged with loans and money and maybe even time as a Minnesota landlord.

Let’s say you don’t wait years and years to keep saving 20% down to go the traditional route on additional properties. Let’s keep the conversation simple and just say …

Read More »