Flipping Rich

For those FlippingRich readers who have kids or thinking about having kids, you’ll want to read this.  The topic du jour is college savings.   Unless you’re totally well off, you can’t expect to sit on the sidelines until one day you’ll have to fork out hundreds of thousands for the kids’ ivy-league education.  
The average annual [...]

Our friend Alex over at Behind the Mortgage sent over this link to a buy v. rent calculator from the New York times. 
It is pretty slick. Just make sure you plug in all the correct data, including appreciation rates, interest rates, monthly rent, etc.

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At the end of February, we saw the how the global markets were affected by the news in China.  Then, the subprime mortgage default rates shook up investors’ nerves which leaving many of us wondering where we should put our money now or in the near future.  
 
Before we look at the market outlook [...]

Two years ago, everyone was talking about investing in real estate.  Every newspaper and every magazine had articles of “hot pockets” around the country and how average Americans like Derrik who featured in Kiplinger making a small fortune flipping properties.   As a result, Derrik got plenty of calls from so-called investors lacking talent and seeding [...]

The Dow dropped over 400 yesterday responding to the biggest single-day decline of the decade in the Shanghai Composite Index on concerns of more economic tightening measures as China’s parliament prepares for its annual session next week.  It’s about time.  Until now, there’s no definitions of how accurate reportings are.  As one mutual portfolio manager [...]

Having just read the SouthWest Journals article Priced Out First Time Home Buyers Face Real Estate Sticker Shock I find myself in my own state of shock!
I have quite a few problems with the article. Its goes a little something like this. First, yep first time buyers should have a wake up call. No, [...]

I have 2 mid size apartment buildings in the Hiawatha area of Minneapolis for sale.  One 14 unit building, one 12 unit building.  26 total units.
Very close to a light rail stop and the Lake and Hiawatha corridor.
Sold as package for $1.56mil.
Mortgages on these type of properties usually require 20-25% down. Meaning you need $300,000 in cash [...]

Riversource funds, the asset management product Sunny sells was rated #3 (of thousands) by Barrons in their Best of Best (cover story) article in this weeks edition (not available without subscription, online anyway), but perusable at your nearest Barnes & Noble.

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A big part of the Flippingrich.com mission is to educate our readers the ABC’s of investing from a couple of experienced investors’ point of view. While Derrik’s got the know-how, sharp eye, and keen talent on real estate investing, I get how the equity markets around the world work.
I consult with hundreds [...]

So, its my own fault for ingoring my duty as an owner of rental property to complete my CRPs by January 31.
A CRP is a Certificate of Rent Paid, a form made by the State of Minnesota for landloards to distribute to tenants so that the tenant may get a refund for rent paid.
Either way, [...]