My New Blog

Real Estate prices in the Minneapolis area are on a downward trend, which is creating great opportunities for investors who are looking for bottom barrel pricing on homes.

There are millions to be made in the next decade or two for investors who decide to jump back into the real estate game. Not only is there the opportunity to invest in real estate at unbelievably low prices, but because of the low prices investors will able to rent the property for a lower monthly rate and still generate a cash flow from the renters.

If you're looking for a great real estate investment, check out these opportunities:

2609 Hampshire Ave S St. Louis Park, MN 55426 3BR, 2Ba, 2Car, $169,900

1811 Jersey Ave S St. Louis Park, MN 55426 4BR, 2BA, 2Car, $166,900

913 Horn Drive Minnetonka, MN 55305 3BR, 2BA, 2Car, 1+Acre!!, $199,000

Now, let's break it down to show you how this can be a reality for you:

• You purchase a 3BR, 2BA property for $170,000
• 20% down ( Down Payment = $34,000).
• 6.5% Interest Rate
• Taxes = $2000 year
• Payment Breakdown is as follows:
• 1^st Mortgage: $136,000 balance---- $859
• Taxes ---------------------------- $166
• Home Owners Insurance ----------- $100
• Total Monthly Payment: $1,125

The going market rate for a 3BR, 2BA home in the St. Louis Park area is between $1,300-$1,700 per month. At the low end you're receiving an inflow of $175/month (or $2,100/year) and at the high end you're receiving an inflow of $575/month (or $6,900/year) all while building equity and waiting for the market to turn around which will give you opportunity to sell the property for additional gains. This approach will allow you to cover monthly maintenance, mortgage, taxes, and insurance while at the same time allow you to start building long term wealth.

Please contact me if you would like a more complete list of investment properties. I can also provide you with a free market analysis and better estimate of market rent for a particular home.