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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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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MN home values based on a selling environment supplied with 3.7% unemployment and 100% financing 500ish credit score programs

If you are thinking of selling your home at the the top of the market and wondering what the market will be like years from now let me get you to think about this a little. You would agree that you can sell your home for more when there is a high demand of buyers, and when I say buyers I mean pre-approved buyers who banks will lend to. Not just seller financing, cash buyers or large down payments on...

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Return on Investment vs. Return of Investment

For those who have been following my postings on social media you’ve seen the latest breaking news with liquidity issues with the bank lending as predicted. After reading many articles everyday and being reminded of what I saw leading up to 2008 it got me thinking about the top headlines regarding negative yielding bonds around the world, high yield bonds, junk bonds, IPO’s like wework and even fixed income assets like pension funds that try to chase yields and are...

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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 »

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 »

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

Posted by 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 …

Read More »

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

Posted by 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 …

Read More »