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Market Signal Says 'Know When to Hold 'Em'

Tuesday, October 14

The market in Minnesota has definately entered a trough.  More homes coming on the market are sitting.  Stories are running the the local paper about this.  In my market, there are a good supply of homes for sale...some in my sites, but I'm waiting.  I'm not calling my realtor, and not looking, b...


Closing 08/18 on House #3

Thursday, August 14

Strange thing about HUD.  They want me to change out the locks after the close.  I told them I need a week to do it, as we are leaving on vacation right after close.  HUD closings have a lot of little oddities.  One thing interesting about this house.  I'm putting $1,000.00 into it right away, an...


Private Money

Thursday, July 10

I knew this day would come.  I've been stretching my money, and bank relationships, but since I'm closing on property #3 next month, I cannot go after another.  I know of a foreclosure auctioin 08/19/14 in which a lakefront home in a Southern MN town will be foreclosed at 51K.  I'm going through ...


Signed Paperwork

Monday, July 07

Property #3 is in the fold.  Signed off on the deal.  I already have some interest from renters, 40 days before I close.  Pretty cool. 


House #3 in sight again

Friday, July 04

House #3 is a 2 bedroom, 1 bath two story home with a big two car detached garage, garage recently built, with a workshop, insulated walls and an AC unit.   I put in a bid a week ago for exactly 80% asking price.  It is a HUD.  An oddity of this house is there is some evidence of leakage in the b...