Posted by admin 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 …
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Posted by admin 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 …
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Posted by admin on Sep 19, 2019 in minnesota home buyer
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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Posted by admin on Sep 19, 2019 in us economy
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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