Real Estate Investment Tag

  • Sort Blog:
  • All
  • About The Property Geeks
  • Around Town
  • Buying
  • Design
  • Downtown Lakeville
  • Home and Garden
  • Home Staging
  • Hug Your Home Challenge
  • Market
  • Open House
  • Photography
  • Real Estate Investment
  • Recipes
  • Selling
  • Uncategorized
Profiting On Property
March 13, 2018

Ever thought about investing in real estate?

Have you ever wondered what it takes to get started investing in real estate? Are you addicted to those rehabbing and home flipping shows? Do you dream of owning your own cabin or lake home but don’t know how you’d ever be able to afford it?

The Property Geeks are thrilled to be partnering with Profiting On Property to bring you an absolutely FREE Introduction to Real Estate Investment class. Over the course of a couple of hours, you’ll learn about the many options potential investors have when considering a real estate investment. The class will focus on three main avenues… long term rentals, flipping/rehabbing and vacation rentals.

Considering your options can be overwhelming and confusing…

 

  • Where do you find properties?
  • How do you figure out whether a property would work better for a rehab or a long-term rental?
  • Who do you turn to for financing?
  • What’s a Contract for Deed?
  • Why would you even want to invest in real estate… isn’t the marketing going to tank again soon?

We’ll look at answers to all of these questions and more.

Profiting On Property was created to educate first-time and novice investors. There are so many benefits to investing in real estate assets, but wading through the information on how to get started can be tough. The intro class offers a high level overview of the pros and cons and will even go through a case study of an actual investment property, including the numbers.

After potential investors attend the Intro class they can come back for more in-depth information. Profiting On Property will offer more intensive classes on Long-Term Rentals, Flipping/Rehabbing a Property, and Vacation Rentals.

For the class schedule, bios of the speakers and to sign up for notifications on future offerings, visit ProfitingOnProperty.com.

By The Property Geeks
Theresa Gage
October 10, 2017

The Most Expensive Garage Sale Item

If there’s one thing the Geeks like to do it’s talk. So it was no surprise that we went out to lunch at one of our favorite local pizza places (huge shout out to Ole Piper pizza!) and got to chatting about houses and neighborhoods. Pretty soon the conversation turned to garage sales.

Property Geek Theresa Gage mentioned she’d bought a pretty pricey item she’d found at a garage sale one time so we made her dish up the whole story…

In 2008 she stopped by a garage sale at a house down the street. She started looking at a filing cabinet–not even a very attractive filing cabinet–and the gentleman holding the sale started to make small talk. He asked why she’d need such a big cabinet and Theresa responded that she and her husband owned some rental properties and needed to keep their paperwork organized.

Turns out the neighbor owned some rental properties he was about to lose in foreclosure, including the home where he was holding the garage sale. He wondered if she and her husband might be interested in talking about them. Theresa ended up leaving the filing cabinet but buying a refrigerator for one of their rental homes. She said she’d send her husband down later to pick it up and chat.

One chat led to another and another until Theresa and John found themselves negotiating multiple short sales with separate banks. It took several months, hours of phone calls, and many inches of paperwork but they were able to secure financing and buy out most of the properties, including the original home where the garage sale had been held.

Theresa remembers it being a win-win-win situation. She and John had been looking for some additional properties to add to their portfolio and were thrilled to acquire some investment units so close to home. The gentleman was ecstatic to be able to walk away without tarnishing his credit, and since the properties were under lease contracts, all of the renters were able to stay in their homes. To this day, Theresa still can’t believe the way the transaction happened.

But The Property Geeks aren’t surprised. We know savvy investors have to keep their eyes and ears open if they’re in the market for real estate deals. Opportunities are sometimes as close as just down the street!

By The Property Geeks
The Property Geeks
May 19, 2017

Our Real Estate Agents Are A Different Breed of Geek

Kelly Coffer- Real Estate GeekWord is on the street, the cat’s out of the bag and we’re shouting it from the rooftops: The Property Geeks are moving to Downtown Lakeville! We’re so excited to join the other awesome businesses that call Holyoke Avenue home. We also want to tell you a little bit about our team and what makes us a different breed of geek from the other real estate agents you might have worked with in the past.

We’re not your typical real estate team.

Our commitment to our clients goes way beyond just the sale. We’re passionate about finding solutions to their needs, whether it’s buying or selling a new home, an investment property or a family cabin that can also be used as a rental. We bring a combination of expertise, enthusiasm and compassion into every aspect of our business. We get excited about bonus rooms and fresh paint. Walking through a home with a prospective buyer thrills us to our core. You won’t find anyone else in town who gets more enthusiastic about a well-done addition or a newly renovated master bath.

Sure, we’ve won awards. And it’s lovely to be recognized by our colleagues and peers. But it means more to us to receive a heartfelt thank you from a family who’s moving into their first home or an investor who’s finally realized their dream of building a real estate portfolio.  We’ll work with our clients within their parameters to find the right combination of property and value.

We’ve got the experience.

Our team members are licensed in Minnesota and Wisconsin and have worked all over the Twin Cities, throughout the greater state of Minnesota and even into western Wisconsin. We’re investors ourselves. We own multi-family rental properties, vacation rental properties and have been flipping houses before it was even a thing. We walk the walk and talk the talk. We don’t just want to sell you a house, we want to welcome you to The Property Geeks family, where we want to forge a relationship before, during and after the sale.

Words we live by:

“Be different. Be kind. Be humble.”  – Caarin Pannkuk – Chief Geek, Branch President

Caarin Pannkuk- Chief Geek, Branch President

 

Whether you’re in the market for a new home or not, feel free to call us with questions, stop by to check out our new office, or tune in to our live, weekly episodes of “Grill The Geeks” on our Facebook page. We’ll be here when you’re ready to geek out with us. We promise!

By The Property Geeks