Don’t Be Fooled By These Real Estate Scams




Real estate transactions are the targets of scammers all the time. Here are a couple big ones that you need to watch out for.


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I spoke with a friend recently who told me about a real estate scam involving one of his clients.

They sold their house and were ready to move. The moving truck arrived, they loaded their belongings into it, and they drove off to the new home they had purchased.

The truck never showed up at the next house.

The client had been scammed by a fly-by-night moving company, and they never recovered their possessions. This is why today I would like to talk to you about real estate scams you need to avoid so that you don’t end up like my friend’s clients.

1. Moving companies. I had not heard of this before, but new scams pop up all the time. When we move, we use trusted movers that we have used over and over again and who provided consistently excellent service to our clients. When it comes to that point in the transaction, ask us about movers you are considering, and we can advise you about the reputability of that company.

2. Wiring instructions. After we close on your new home, you will receive a check either in the paper mail or you can have it wired to your bank account. A recent scam will email the buyers of pending listings and give out false email instructions for wiring money. In reality, that is not how we would do things. If you see emails like this, give us a call; let us be there for you as you walk through the process.

New scams pop up all the time.

If you are going through the process of buying a home or moving, use our experience to your advantage. We want to sell your home for the most money in the shortest amount of time and with the least amount of stress, which is where avoiding scams comes in. If you have any questions or are thinking of buying or selling a home, please feel free to reach out to us.

What I Learned From the 2007 Housing Crisis




Though the 2007 financial crisis was a rough period in our economic history, there were lessons to be learned from it. Here are the top three things I took away from the crisis.


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What lessons did I learn from the 2007 financial crisis that still apply today?

For those who don’t remember, back in 2007, we had some troubles with home values. We can laugh about it now, but it was a tough arena back in the day. These are my takeaways from that hard period in real estate history:

  1. Don’t buy a home that you can’t afford. Should you stretch yourself a little bit to get the home you want? Absolutely. However, when you meet with your mortgage broker for the pre-qualification process and they ask what payments you’re comfortable with, don’t exceed reality. You want to be comfortable in the house that you buy, but you want it to be a good purchase at the same time.
  2. Don’t always believe that your home will increase in value. When you’re looking to purchase a house, you’re going to be living in that home. This isn’t an investment property and you’re not renting it out to make cash flow or see the appreciation.
  3. Make sure you have adequate reserves. Spend less than you need; if something bad were to happen, you’d want to have something to fall back on. At the end of the day, make sure you’re protected.

When you meet with your mortgage broker for the pre-qualification process and they ask what payments you’re comfortable with, don’t exceed reality.


When you’re looking to purchase a home, we’ll walk through these tips with you as we go through the process so that you can feel more comfortable with your purchase.

If you have any questions, please feel free to give me a call or send an email. We’ll help you understand what’s going on in the market and put a plan together for you.

3 Ways to Make Money By Investing In Real Estate



What are the three ways that real estate investing can make you money? I’ll explain today.

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Buying a Minneapolis home? Search all homes for sale

Today, let’s talk about the three ways you can make money by investing in real estate:

1. Cash flow. This is the money over and above your mortgage, your taxes, your insurance, and other expenses associated with the property.  When we find a property that you’re interested in, we can run a quick budget with you to make sure that you’re including all the things that you need to understand happen on a monthly basis—in order to pay X, you have to make Y amount. The point is that we want to get you on the positive side of that number.

2. Appreciation. Appreciation occurs when you buy a home for a certain price and, each year, you see a certain percentage of increase in that property’s value. This can happen through the improvements that you make or just though the normal market appreciation.




It’s always a great time to invest in real estate because there are always deals out there that can make you money.


3. Depreciation. Each year the property depreciates, it’ll save you money on your taxes.

At the end of the day, we’re looking to take your money and make it work for you. We can help you find that property that can make you money.

If you have any questions about real estate investing, please feel free to reach out and give me a call. I’d be glad to guide or help you as I can.