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Re: Help with Home Sale

Offer the sellers of the house you are buying $1,000 if they agree to push the closing to a date that works for you.

Win-win
by fishingmn
Thu Apr 17, 2014 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Home Sale
Replies: 15
Views: 960

Re: "Debunking the Myth of the 8% Return"

The only problem I have with this, it that it is a 'Job'. I'm retired. Not retired yet and it really hasn't been that much work - 8 properties and I maybe get a call once a month. The other side benefit is that as a Realtor it has lead to additional revenue. One tenant used me to buy a house and an...
by fishingmn
Thu Mar 07, 2013 10:16 am
 
Forum: Investing - Theory, News & General
Topic: "Debunking the Myth of the 8% Return"
Replies: 61
Views: 4675

Re: "Debunking the Myth of the 8% Return"

The underpinnings of this discussion is why I started buying rental properties 2 1/2 years ago. No mortgages so I'm not using the banks money but 8-11% cash returns + they are protected from inflation as that leads to rising rents. Now in hindsight I would have done better in the recent stock market...
by fishingmn
Thu Mar 07, 2013 9:30 am
 
Forum: Investing - Theory, News & General
Topic: "Debunking the Myth of the 8% Return"
Replies: 61
Views: 4675

Re: Do I need a realtor??

You don't need one, and I think the benefit is limited, but there's little real downside either. Just don't assume a buyer's agent is negotiating on your behalf - they are paid by the seller. Just not true. Here in MN this Disclosure document (Agency Relationships in Real Estate Transactions) is re...
by fishingmn
Mon Feb 04, 2013 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need a realtor??
Replies: 19
Views: 2054

Re: How much do you expect your kids to pay for college?

Since my grandfather paid for my college I've always had the notion that I'd cover it. Therefore, we agreed to cover 100% of tuition & room/board for 4 years at the state school rate (where we went). They cover living expenses and books. First child did just that. Second child chose a different ...
by fishingmn
Fri Feb 01, 2013 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you expect your kids to pay for college?
Replies: 237
Views: 14421

Re: Do I need a realtor??

I don't agree with a lot of this advice - yes, I'm a Realtor in MN. First of all, every state is going to be different so that's an important consideration. Here are the issues I see in the above answers - - Assuming the home you are looking at is listed on MLS, seller pays the real estate commissio...
by fishingmn
Fri Feb 01, 2013 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need a realtor??
Replies: 19
Views: 2054

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