Minnesota Investors | Minnesota Investment | Minnesota Properties
March 2013

Cool Video About St Paul Minnesota

March 28, 2013 by · Leave a Comment 

The city of Saint Paul MN has produced some amazing videos. Check them out. St Paul is the sister city of Minneapolis.



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Maintaining Comfort-Twin Cities In The Summer & Winter

March 25, 2013 by · Leave a Comment 

Some people refer to the heating and air conditioning systems as the “comfort systems.” If you’ve ever had to be without one in the dead of winter or the heat of summer, lack of comfort may be an understatement. Simple maintenance with a HVAC checklist is something that every homeowner can perform.

Periodically

* Change your filter every 90 days; every 30 days if you have shedding pets.

* Maintain at least two feet of clearance around outdoor air conditioning units and heat pumps.

* Don’t allow leaves, grass clippings, lint or other things to block circulation of coils.

* Inspect insulation on refrigerant lines leading into house monthly and replace if missing or damaged.

Annual, in spring

* Confirm that outdoor air conditioning units and heat pumps are on level pads.

* Pour bleach in the air conditioner’s condensation drain to clear mold and algae which can cause a clog.

* Avoid closing more than 20% of a home’s registers to keep from overworking the system.

* Replace the battery in the home’s carbon monoxide detector.

Even with the attention that performing this list will provide, it is recommended that you have your units serviced annually by a licensed contractor. Furnaces can be inspected for carbon monoxide leaks and preventative maintenance may help avoid costly repairs. I have a list of people whom I have worked with personally. If you are in need of a name and number-just let me know.



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Analyze Investment Property-See if a Minneapolis St Paul Area Rental Property Makes Sense

March 17, 2013 by · Leave a Comment 

I have recently completed the OwnAmerica renting course and got their OICP certification. They have some GREAT tools and insight that will make you a better investor. Taking their online class via my link below. I forgot to mention the cost-FREE!!! You will definitely benefit from using these tools in your analysis.

https://ownamerica.infusionsoft.com/go/REMAXIC/a4325/



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Using an IRA to purchase real estate-Learn how it is done

March 14, 2013 by · Leave a Comment 

Many people have no idea this is possible. I have helped clients in the Twin Cities build a portfolio of investment properties using this strategy.

One of the trust vendors has provided this informational outline and a video. I have also included links to other trust providers so that you can learn about this concept:

Self-Directed IRA Investing 101 – Investing Passively and Actively in Rent Homes and Mortgage Notes or Trust Deeds

Summary:

Join John Bowens, National Education Specialist at Equity University, in a training video that will explore the basic concepts associated with self-directed IRA investing. With over $5 trillion in IRAs and only $100 billion allocated to real estate, a tremendous amount of opportunity exists in this market to transition these funds away from stocks and into income producing real estate investments.

Equity University is the educational arm of Equity Trust Company. With 132,000 clients and over $11 billion in assets under custody, Equity Trust Company has positioned itself as the largest, most reputable self-directed IRA firm in the nation.

Equity Trust custodies a variety of alternative assets, including but not limited to single family homes, multifamily homes, commercial real estate, syndications, small business financing, real estate notes, and oil and gas ventures. John offers a comprehensive step-by-step process to transform your retirement accounts into a tax-exempt real estate investment tool. The tax strategies discussed will show you how to eliminate capital gains tax and ordinary income taxes within your real estate investment model. These strategies, used by just 2% of retirement investors, are gaining in popularity and what was once used by only the wealthiest and elite is now becoming mainstream. Equity University delivers an eye-opening illustration of how powerful these concepts are and provides a road map to immediately begin growing wealth 100% Tax-free.

http://www.youtube.com/watch?v=h3tliYCVoTo&feature=em-share_video_user

Other providers-watch their presentations too:

Guidant Financial

http://www.youtube.com/watch?v=fRv5IftDyo4

Pensco

http://www.youtube.com/watch?v=fgAvo0pkYTk&list=UUlaXKQknsCW9Pl9UH-66iqw&index=3

Entrust

http://www.youtube.com/watch?v=k3djzeDK_ns&list=UUfSfPpYFwDoKzOdkIxo4cow&index=9

Sincerely,

Isn’t it nice to know that you have a friend in the business that you feel comfortable introducing to your friends, family members, and neighbors who could use my help.

RE/MAX Results

John Mazzara

7300 France Ave S #410

Edina, MN 55435

Off-952-929-2577

Cell-612-386-7027

Fax-952-928-3799

Google Voice- 952-491-0884

john@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

Watch my Youtube video on how I sell a home:

http://www.youtube.com/watch?v=oz1zGDOXcoQ

RE/MAX real estate intro video at http://youtu.be/EJE_s67xIWI

NMLS # 332556



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Your Deduction…Your Choice

March 13, 2013 by · Leave a Comment 

Taxpayers are allowed to decide each year whether to take the standard deduction or to itemize their deduction when filing their personal income tax returns. Roughly, 75% of households with more than $75,000 income and most homeowners itemize their deductions.

The 2012 standard deduction, available to all taxpayers, regardless of whether they own a home, is $11,900 for married filing jointly and $5,950 for single taxpayers.

Let’s look at an example of a homeowner couple with a $150,000 mortgage at 3.5%. The standard deduction would give them $2,650 more than the total of their interest paid and property taxes of approximately $9,250. If they were in the 28% tax bracket, the actual tax savings would be $742.00.

When mortgage rates were considerably higher, many people expected the interest and property taxes to easily exceed the standard deduction but with today’s low rates, a comparison is certainly justified.

There are other things that could come into consideration like charitable contributions, medical expenses and casualty losses. Tax professionals will compare available alternatives to find the one that will benefit the taxpayer most.

For more information, see www.IRS.gov and consult a tax advisor.



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Interest rates – a historical perspective

March 13, 2013 by · Leave a Comment 

We always here that “rates are lower than they’ve ever been”. In most cases that is true. Rates have been progressively declining. Freddie Mac actually has a 10 year chart that will demonstrate this on a month to month and year to year basis. You can find the data here for 30 year loans- http://www.freddiemac.com/pmms/pmms30.htm In today’s fast market, you will find that your housing dollar will buy you more than ever before. In fact, if you haven’t considered either moving or refinancing, you definitely should. I would be happy to provide you the information you need to make a decision or to provide you a list of available properties. Just call or email me and I will help.



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Time is a Finite Resource-Use it wisely

March 7, 2013 by · Leave a Comment 

Every day I am reminded of the one thing we all must manage-it’s our TIME. How we choose to spend it is somewhat within our control. A friend of mine who runs a painting company wrote an article about “Your Weekend”-Do it yourself or hire a professional. I think it is an important read. In fact, it has applications that apply to other activities besides painting. Priorities. Choices. Quality of YOUR life. Think about delegating what you can to the appropriate professionals and carving out some personal time.

DIY vs Pro Jerry



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Twin Cities Low Housing Inventories Indicate a Trend in Minneapolis & St Paul Homes

March 6, 2013 by · Leave a Comment 

Low inventory is a relative term depending on how you’re comparing it. Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area? In some situations, it’s a combination of all of those things.

In any given market, inventories will fluctuate based on area and price range. The National Association of REALTORS® considers a balanced market to be six months’ supply of homes. If it takes longer than six months to sell, it is thought to be a buyer’s market and less than six months, a seller’s market. Most buyers and sellers probably feel inventory equilibrium is more like three month’s supply of homes.

Inventory has a direct impact on price. During the housing bubble, demand decreased, supply ballooned to four million houses and prices dropped dramatically. Increased inventories due to foreclosures, bank’ revised lending practices and builder’s lack of new housing starts each contributed to the dramatically lower prices.

As the market has recovered, economic conditions have improved, banks have loosened their requirements, interest rates have remained low, foreclosures have slowed and gradually, the inventory has been reduced to approximately two million houses. When demand is constant but inventory is reduced, price tends to increase because the same number of people are trying to buy a smaller than normal number of homes.

Based on the low mortgage rates that have been inching up each week in 2013 and an improving consumer confidence level, most markets are experiencing some increase in demand. With inventory decreasing, buyers in the marketplace can see that prices are increasing.

Just as signs of spring can be seen to be just around the corner, it should be recognized what direction prices will be moving. Hindsight is 20/20 but we can’t purchase or sell in the past. We need to make decisions today on what we think will happen in the future.

If you’re curious to know what inventory conditions are for your specific market, send me an email with the price range and area and I’ll send you a report. john@johnmazzara.com

Sincerely,

RE/MAX Results

John Mazzara

Broker Associate

CFP CLU ChFC CEBS MBA MS CMB

7300 France Ave S #410

Edina, MN 55435

John@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

612-386-7027

952-929-2577

How Can I Help You?



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RE/MAX 40 year convention in Las Vegas

March 5, 2013 by · Leave a Comment 

I just returned from my first RE/MAX convention. I have been with RE/MAX for 17 of my 27 years selling real estate, but this was the first time I had decided to attend their convention. All I can say is “Wow”. The people, the events, and the information was terrific. The show “KA” at the MGM was pretty amazing as well! I am excited to be back at work and have started to apply my new found information for my client’s benefit. The Spring market in Minnesota is going to be fantastic. If you are a home buyer or home seller, let’s make it happen!

Sincerely,

RE/MAX Results

John Mazzara

Broker Associate

CFP CLU ChFC CEBS MBA MS CMB

7300 France Ave S #410

Edina, MN 55435

John@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

612-386-7027

952-929-2577

How Can I Help You?

Pin It



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Twin Cities Homeowners Refinancing Again? Think about it.

March 3, 2013 by · Leave a Comment 

We’re constantly bombarded by lenders to refinance our mortgage under a variety of programs. The volume of offers can almost make you numb to the rational consideration.

There are common rules of thumbs that homeowners and agents use such as not refinancing more often than every two years or there must be at least 2% savings from your previous mortgage rate may not always be accurate. Rules like this are a cliché. Only a discussion and analysis can provide you with the right information to make an informed decision.

The reality is that if you can refinance for a lower rate and you’ll be in the home long enough to recapture the cost of refinancing, it should be considered. The costs of previous refinancing that haven’t been recaptured by monthly savings may need to be added to the costs of the new refinance.

Take a look at the chart that shows the average rates according to Freddie Mac for 2012. They are lower today than they were in January of 2012 and for the ten years before that.

Refinancing may save you a substantial amount of money, especially if you’re going to be in your home for a long time. It is definitely worth investigating. To get a quick idea of what your savings might be, call me. I will be happy to help you determine what rate and programs might work best for you based on your situation. 15 minutes on the phone could save you a ton over the life of your loan.

Sincerely,

RE/MAX Results

John Mazzara

Broker Associate

CFP CLU ChFC CEBS MBA MS CMB

7300 France Ave S #410

Edina, MN 55435

John@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

612-386-7027

952-929-2577

How Can I Help You?

Pin It



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Disclaimer: This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Results is not a mortgage lender and so you should contact a mortgage broker or lender directly to learn more about its mortgage products and your eligibility for such products. Regarding specific blog postings, external links and any other information found on this site, neither John Mazzara nor RE/MAX Results assumes any responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. John Mazzara and RE/MAX Results are not associated with the government, and our service is not approved by the government or your existing lender. Even if you accept this offer and use this site and/or our services, your lender may not agree to change your loan should you decide to pursue a short sale or any other change involving your loan or loan terms and conditions. If you should decide to engage our services in marketing your home as a short sale, there will be no up front cost to you and you may cancel our listing contract at any time. · Each Office Independently Owned and Operated

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