We got a little bit off subject yesterday. However, we wanted to stay off subject for a little bit longer because minnesota short sales and foreclosures have been increasing. They have caused several interesting things to happen in the real estate marketplace.
Is it helpful to have your money sitting in a bank account getting one percent? That is a poor return, but it is safe and sound. Still, how safe is it with the rate of inflation. There are opportunities to be getting 10-20% on your money right now with real estate. I remember working in 2005 when investors were simply happy to break even. Nevertheless, at the present with prices so low and rates so low there are opportunities all over. You might potentially earn $300-$500 a month with 20% down through a rental home.
We are chatting about that now because with all of the short sales and foreclosures we are working with there are a lot of buyers that are investing in real estate. When everybody is getting out of the market and having a difficult time, this is the moment to invest. Rich Dad, Poor Dad is a great book that goes hand in hand with the times of today. It talks a great deal on the subject of being smart with your funds.
Just today, we called Aurora and got an programmed response that said they received our folder on July 29th and that we ought to allow until December 15th for package review. Can you envision the typical real estate agent waiting until December to call and check on their package? We will actually call tomorrow and confirm on the folder. At the Josh Pomerleau Group we recognize that daily dedication to your short sale will get it completed in a timely manner.
Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota
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