Rental Scams on Craigslist

Some of you may have heard about rental scams on Craigslist before, but I thought it was worth repeating to get the word out.  I suppose it is like that old saying:  if I save one person from this scam it was worth it! Here is how it goes:  you … [Read more]

Stupid Property Repairs #3

I am naming this issue: "The Stupid Property Repair in the Pink House" Again, when looking at North Minneapolis Investment Property, (which lately seems to be the place for stupid property repairs, but I am not going down that road to figure out … [Read more]

Waiting Period after Short Sale

Fannie Mae came out with new guidelines for waiting period after short sale.  Below is the updated waiting periods after a bankruptcy, short sale, and foreclosure for all loan types.   One change was to the waiting period 4 years after a short sale … [Read more]

Short Sale vs Foreclosure

I get this question all the time, short sale vs foreclosure.  It usually goes something like this:  "Do you get a better deal with a short sale or with a foreclosure." Before I give you my answer, let's review the foreclosure time line and … [Read more]

Low Ball Offers on Homes

Making low ball offers on homes in the retail market is not much different from writing a low ball offer on bank owned foreclosure properties.  Although many of my original thoughts remain, I still get many questions about this process.  One example … [Read more]

Fair Market Rent Evaluation

Determining Fair Market Rent can difficult ascertain at time.  Here is a process that can help with the fair market rent evaluation. I had a recent question:  "Aside from watching asking prices for rents on places like Craig's list is there a good … [Read more]