Minnesota Real Estate Show
A Recap of The Minnesota Real Estate Show - July 12th, 2008Today, on The Minnesota Real Estate Show, Rob Bonahoom of the Minnesota Home Loan Partners, Kelly Guest, Scott Ficek, and I discussed a number of various issues in our local and national real estate marketplace.
The first item we covered was the buzz surrounding Fannie Mae and Freddie Mac. All this week, there have been headlines and stories surrounding the supposed pending collapse of mortgage giants Fannie and Freddie. Fannie and Freddie were essentially created by the government to provide all of us with the opportunity to own real estate by adding to the available cash that banks can lend to customers. Simply stated, without them, the economy would truly be in shambles. So even though the stocks of these two publicly traded companies went to 17 year lows this past week, the thought of them collapsing is really hard to fathom. Of course President Bush and Federal Reserve Chairman Ben Bernanke are working to ensure that things are stabilized.
Secondly, we discussed a number of the outstanding investment property seminars that our team is offering this month. We have of course our real estate investing 101 seminar coming up on July 15th. In addition Scott and Rob are presenting a Real Estate 201 Seminar where LLCs will be discussed. Many real estate investors question whether or not an LLC should be in place before investing. Matt Engle, the attorney with The Minnesota Real Estate Show will offer his expertise on this issue at this seminar. For more info on both of these seminars, go to http://www.investmentpropertyguys.com/.
Rob Bonahoom also took an opportunity today to discuss his "Total Wealth Builder" appointment. Really, for anyone that is considering investing in real estate, or someone who is a seasoned investor, this free consultation is a must. Rob "goes deep" at the appointment looking at each person's individual situation and creates a customized plan based on your long term goals. As a top loan officer that works exclusively with investors, Rob is really the best of the best.
Steve Rajavouri from REI property management joined us on air to discuss the latest with property management here in the Twin Cities. Steve is the owner and found of REI, a company that our team has been very fortunate to work with the past few years. He described an increased rental demand for all price ranges of properties here in the Twin Cities. Some people have the stereotype that only "lower end" homes rent. In reality, Steve has been working with home owners from all price ranges helping them rent their properties. It is a great alternative for those who are unable to sell in our current market. Renting allows them to "weather the storm" and sell when the market rebounds.
Both Scott Ficek and Rob Reinke, agents on The Minnesota Real Estate Team, discussed their individual investment property programs. Scott, owner of the website http://www.minnesotainvestmentrealestate.com/ discussed his great rehab program that he and Rob Bonahoom offer. This program allows investors to get into great properties with the ability to cash flow. Rob Reinke went over his new construction investment property program that has also been so successful.
We had a number of great callers and off air emails that came during the show. We had a couple direct questions in regards to our team's Guaranteed Sale program as well as the free market analysis that we offer.
Overall, the show was full of great callers and great energy! If you get the chance, feel free to listen next Saturday and call in. We always welcome your calls.
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