FOR SALE – 1+BR Home on Huge Corner Lot – $44,500

11 06 2017

Unique opportunity to own a home that is extremely affordable on a huge corner lot (140 x 150 – three normal lots), would make a great first home or investment property. Features 1 bedroom plus an office, newer bathroom, some newer windows, steel/Teflon siding, garage and storage. The same owner has lived in this home for the past 60 years, just about a block away from Lum Park and Rice Lake. 823 13th Ave NE, Brainerd, MN  56401 – MLS #4804750 – $44,500

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Here is where you can get more details:

  1. VIRTUAL TOUR
  2. VIDEO
  3. INFORMATION SHEET

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“Since 1965, people in the Brainerd Lakes Area have trusted the ‘Goedker’ name for all their real estate needs!” View our testimonials to hear from people just like you on why they trust the ‘Goedker’ name; http://www.realsatisfied.com/Colleen-Goedker

 





FOR SALE – 1+BR Home on Huge Corner Lot

27 05 2017

Unique opportunity to own a home that is extremely affordable on a huge corner lot (140 x 150 – three normal lots), would make a great first home or investment property. Features 1 bedroom plus an office, newer bathroom, some newer windows, steel/Teflon siding, garage and storage. The same owner has lived in this home for the past 60 years, just about a block away from Lum Park and Rice Lake. 823 13th Ave NE, Brainerd, MN  56401 – MLS #4804750 – $47,000

DSCN0246

Here is where you can get more details:

  1. VIRTUAL TOUR
  2. VIDEO
  3. INFORMATION SHEET

Colleen header 2017

“Since 1965, people in the Brainerd Lakes Area have trusted the ‘Goedker’ name for all their real estate needs!” View our testimonials to hear from people just like you on why they trust the ‘Goedker’ name; http://www.realsatisfied.com/Colleen-Goedker

 





FOR SALE – 1+ Bedroom Home on Huge Corner Lot in Brainerd

2 05 2017

 

Unique opportunity to own a home that is extremely affordable on a huge corner lot (140 x 150 – three normal lots), would make a great first home or investment property. Features 1 bedroom plus an office, newer bathroom, some newer windows, steel/Teflon siding, garage and storage. The same owner has lived in this home for the past 60 years, just about a block away from Lum Park and Rice Lake. $49,900

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Investing in Rental Property

3 04 2017

Rental homes are the IDEAL investment because they offer a higher rate of return than other investments without the volatility of the stock market. With certificates of deposit and bonds at less than 2%, people need an alternative investment that they understand and with a reasonable amount of control.

In this case, IDEAL is an acronym identifying the advantages of rental properties.

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  • Income from the monthly rent contributes to paying the expenses and a return on the investment.
  • Depreciation is a non-cash deduction that shelters income for some investors.
  • Equity buildup occurs with amortized mortgages because each payment is composed of interest owed and principal reduction to retire the loan by the end of the term.
  • Appreciation is achieved as the value of the property goes up.
  • Leverage can increase the return on investment by using borrowed funds to control a larger asset.

These individual benefits working together make rental real estate a good investment for today’s economy. Increased rents, high rental demand, good values and low, non-owner occupied mortgage rates contribute to positive cash flows and very favorable rates of return.

To find out more about how rentals might complement your current investment plans, contact your real estate professional.

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Goedker Realty, Inc. / (218) 828-0444 / www.BrainerdAreaRealEstate.com

“Since 1965, people in the Brainerd Lakes Area have trusted the ‘Goedker’ name for all their real estate needs!” View our testimonials to hear from people just like you on why they trust the ‘Goedker’ name; TESTIMONIALS.  -Goedker Realty, Inc.





Mississippi River Lot, Ready to Build

27 02 2017

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Mississippi River Lot, Ready to Build / Excellent elevation, panoramic views and cleared and ready for your dream home on 125 feet of Mississippi River frontage. With a park-like setting, you can sit on the banks of the river and just enjoy nature or bring your new construction plans with a potential walk-out style home for your perfect new home setting. Very close to walking, biking trail and secluded city park, also located on the Mississippi River. For more details and virtual tour . . .  http://view.paradym.com/3960492/prt/10003

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Goedker Realty / (218) 828-0444 / www.BrainerdAreaRealEstate.com





Invest in a Rental Home

26 12 2016

Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home.

Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home with 20% down payments can easily have a $300 to $500 monthly cash flow after paying all of the expenses.

There are lots of strategies that can be successful but a tried and true formula is to invest in below average price range homes in predominantly owner-occupied neighborhoods. These properties will appeal to the broadest range of tenants and buyers when you’re ready to sell.

Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assets with tax advantages and reasonable control.

This can be the year to make some real progress on your resolutions. The first step may be to invest some time learning about rental properties by attending a FREE webinar on January 4th at 7:00 PM Central time zone by national real estate speaker Pat Zaby. Click here to register. If you can’t attend live, by registering and you’ll be sent the link to watch at your convenience.





Your Best Investment

8 02 2016

Let’s say that you just won $8,750 on a lottery scratch-off ticket. You’ve decided to be frugal and invest the money and have decided on three alternatives: buying a certificate of deposit, a mutual fund or use the money as a down payment for a $250,000 home.

To compare the three alternatives, let’s look at the equity in each one three years from now.

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The certificate of deposit can be invested at 1.3% in today’s market and you believe you can reasonably earn 5% on a mutual fund. You expect the home to appreciate at three percent a year.

The certificate of deposit would be worth $9,096 at the end of three years and the mutual fund would be worth $10,129. However, the equity in the home at the end of three years would be $45,204. That is a four time’s higher yield on the home.

One of the main reasons for the big difference is that the buyer benefits from leverage: the use of borrowed funds to increase the results. The $8,750 down payment is controlling a $250,000 investment. The appreciation is determined by the price and not merely by the cash invested. Another factor is that the loan balance is smaller at the end of five years than originally borrowed due to amortization.

There are certainly other factors to consider such as maintenance and other expenses but when the financial benefits are as strong as they are, it certainly deserves a much closer investigation. One of the first things to consider is whether the borrower can qualify for a mortgage and the only satisfactory way to be certain is to get pre-approved by a trusted mortgage professional.

Use the Your Best Investment calculator to make your own projections.