If you are looking for a great opportunity to get your hands on an investment property Minnesota, look no further than this beautiful home in the prestigious suburb of Woodbury, Minnesota. This house is ideal for the smart real estate entrepreneur.

First of all, this home is a great minnesota investment property because it has a long-term lease with tenants that are very cooperative and keep the house up nicely.

These tenants make up a family of five and take pride in their home. They are signed to a long-term lease that expires in May of 2010. The tenants do most of the maintenance on the property. They shovel snow, mow the lawn, and do general upkeep on the property. Because they are signed long-term, it is almost as good as having homeowners living there.

If you purchase the home, you will be buying it as an investment property Minnesota, because the lease must be honored by the buyer. That is good though, because the rent is steady and the property can show a positive cash flow with the right financing.

Another nice feature of this investment property is that it is managed by a professional real estate management company. This is very important for you as the investor because the management company takes care of all issues with the home. No need to be woken up at midnight to fix a broken toilet.

The fee for the management company is minimal and will not have a great impact on the cash flow of the property. Also, this service will be optional to the buyer. If you prefer to manage the property yourself, you are under no obligation to retain the services of the property management company.

The home itself is in a great location in the town of Woodbury. It is located in a safe and quiet neighborhood in a very good school district. Across the road from the home are farms and great scenery. The reason the other side of the road is undeveloped is that the city of Woodbury currently has a restriction on new housing developments south of Bailey Road.

What this means to the investor is that, when the real estate market recovers again (which should be real soon), property values in this area are going to go up faster, because there will be a limited number of new homes built nearby. Future rises in property values will justify larger future rent increases, increasing the positive cash flow of the property.

This investment property Minnesota has 4 bedrooms, 2 baths and a total of 2200 square feet with a 2 car garage. The home sits on a large .35 acre corner lot, with only one neighbor close by. The house was built in 1998 and is well maintained. The house has only been a rental property since April 2007. Before that time, it was occupied by 2 previous owners.

The opportunity to purchase this Minnesota investment property is sure not to last long, so, if you are interested, please don’t hesitate to call warren wessel Warren Wessel at 651-730-2585 to schedule a showing.

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A tenant public records check is very crucial when it comes to locating reliable and cooperative tenants for your rental property. Find out how to do a check on your new tenants today.

Before you give the keys of your well kept rental property to a new person, it’s crucial that you learn as much as possible about him/her. So what are the cheap and simple ways of running a background information check on your potential tenants?

Method 1: Ask Your Possible Tenant to Fill In Application Form

Asking your potential renters to fill in a tenant application form should be your first choice for a background info search on your potential tenant because it is both free and highly effective.

As long as your application form does not include irrelevant questions or invade your applicant’s privacy, don’t worry about it being too timely. If someone is serious in renting your property, he/she will of course take the time to completely fill it out.

What’s more important is that your tenant application should ask the right questions. The right questions include their monthly income, job type, contacts of their previous landlord and their exact reason for moving away.

This application form is also very helpful in case you need to evict your tenants in the future. If your tenant lies in his/her application form, you will be able to evict them from your rental property as long as the courts feel that you were misguided by the lies.

Method 2: Dig For Information In Your Tenant’s Credit Report

While most landlords know that a credit report is essential for checking if someone is likely to pay his/her rent on time, do you know that it also contains a wealth of information on your tenant’s criminal records and eviction history?

If your tenant has been arrested or charged in court before, his credit report will probably contain his criminal records. It is very important that you don’t have an individual who is likely to commit crimes as your tenants. If they are caught carrying out illegal activities on your rental property, you may even risk having it being seized by the local authorities.

Method 3: Contact Your Tenant’s Prior Landlord and Employer

For those tenants that pass your initial tenant background check, there is one last step you may want to take before signing your rental agreement with them.

You can look for your tenant’s previous landlord and ask them for their experience and opinion. This will also give you a chance to double check the information that your potential tenant has written on the application form. If you find any blatant lies, then it’s a good idea to reject him/her.

Contacting your tenant’s employer will also give you a good idea of his/her character and ethics. You can expect someone with excellent work ethics and a pleasant personality to turn out as a better tenant.

Method 4: Run a civil records check using a people search website. For a small fee you can find out virtually everything about anybody from birth records to arrest records.

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Written by: Steve Gillman

Before you real please see the following for Flat House Share related stuff.

It was a simple real estate formula. The ads ran in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. Maybe a three bedroom home for $90,000, for example, with $4,500 down and $900 per month payments.

When a friend started doing the same thing he explained the process to me. It was a way to get a great return on capital, and it was the opposite of buying with no money down. There is no down payment at all when you buy, because you buy for cash.

The Simple Real Estate Formula

You probably know that when you buy for cash, you can often get a much better price. With no financing contingencies in the offer, and the promise of a faster closing, sellers are willing to sell for less. You can offer $95,000, for example, on a house that might be worth $108,000. If you can’t get it for less than, say, $99,000, you walk away - there are always other opportunities.

Once you buy the house, you put few thousand into high-return repairs and improvements. These might include paint, carpet, and maybe asphalt for a dirt driveway. For our example, we’ll say you spend $5,000. Let’s suppose the house is worth $116,000 now. You’re ready for the next important step in this real estate formula.

You put it up for sale, targeting buyers who can’t get financing easily. You provide the financing. Because you are making it easy for the buyer, you can get more than the $116,000 value for the home - and do it without paying a realtor’s commission. Let’s say you sell it for 123,000. The buyer needs a down payment of just 5%, or $6,150, and makes monthly payments of $1230 per month. You charge higher interest than the going rates at the banks, of course.

This is a win-win situation. Your buyer is able to buy a home instead of renting, and you get a capital gain of perhaps $16,000 after expenses, plus good interest. Your total rate of return will often be over 20%!

In our town, the first to do this consistently were a father and son team of lawyers. They saved money by doing their own foreclosures when necessary. Once they foreclosed, they raised the price and sold the home all over again.

They made millions. Did you know that if you can get an average return of 18% on your money, you’ll turn $75,000 into more than one million dollars in about fifteen years? That’s the power of a good real estate formula.

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With many real estate pros reporting that the real estate market is dead and home supply growing faster than demand, home owners have to get creative when trying to market and sell or rent their property. I wonder how many homeowners, other than real estate investors, even know about this approach?

Luckily, there are many creative and profitable ways to move properties even in a slow market.

You’ve heard all the news sources such as Money Magazine reporting that the housing market has tanked. Many home owners are worried that this means that their property will simply become another statistic, but home owners can stop or prevent their property from becoming a statistic.

While the market for selling houses is down there are creative ways that you can use to market your home so that you can get interested buyers. In a slow market you need to be creative and start thinking outside the box.

Unfortunately, many home owners don’t know about all of the creative things that they can do to make sure that they aren’t affected by the slow market.

Also, landlords with lousy renters who don’t pay on time, or tenants who don’t take good care of your property, or landlords facing property managing headaches can avoid being in such situations by being creative.

However, there is some GOOD NEWS for selling a house fast, and making a profit on it at the same time. Read on…

You can use one of the best real estate strategies in the world and that’s using rent to own to sell your house. lease with purchase option is one of the most underused misunderstood ways for selling homes quickly - and it really does work.

A lease with purchase option is essentially a rental agreement combined with a purchase contact with pre-negotiated terms. The buyer leases the property for a specified period of time and then purchases the property before the end of the lease agreement. Sales price, length of rental, any credits, and escrow instructions are preset by you. Then, when the option period is up, the tenant/buyer turns the option into a home purchase agreement.”

I have used it quite a few times to sell a house in a tough real estate market.

Go here to find out more about rent to own go to my selling a home site. Or, in some cases we may just buy your house and you can be rid of your pain in the butt house.

P.S. Send me an email and I can provide you with rent to own tips and answer any questions you may. To Your Happy and Successful Selling a Home!

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rascoe627 asked:


I have seen timeshares that are being sold at rock bottom prices on Ebay. Are these timeshares a bargain if I am planning on spending at leash $1,500 to vacation in Orlando every year?