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	The MnREIA April Bundle '09	www.MnREIA.com	Over 4,000 Real Estate Investors

In This Edition

			MnREIA Newsletter				Featured Properties
			Calendar of Events				MnREIA - Behind the Scenes
			Real Estate Blog				Marketing Night Recap

Click Here To Download the NEW online Newsletter

April's MnREIA Newsletter is Ready!

Spring is here, the temperatures are going to be on their way up any time now and it's that time of year to get out there and start scoping out properties! One thing you need to have a firm grasp of when you are out in the field is estimating repairs. Being able to estimate repairs on the spot without a contractor is vital to managing your time, analyzing prospective deals, and constructing your offers.

The main article by Mike Jacka focuses on getting back to the nitty-gritty of wholesaling and the basics such as focusing on the importance of the ARV, MAO, and the estimates of repair. The masters always stress the fundamentals and this article does exactly that.
This month Ron Aho gives us the rest of the story on the First-Time Home Buyers Credit that had been enacted in 2008 with some interesting twists for 2009. The 2009 Credit has been enhanced since its previous 2008 stature where before the credit had to have been paid back over 15 years, the 2009 Credit this isn't the case. A little creative marketing with this in mind would prove to be a worthwhile campaign.
BenePartum's own Thomas Fafinski offers an overview of Blue Sky Laws which are in place to protect investors from loss and fraud. If you've lost money on an investment, legitimate or fraudulent, this article will provide you with some options available to you that you may not be aware of.
As always we have the Market Update to keep all of our fellow investors up to date with the latest market indicators in the Minnesota real estate market. Click on the 'Weekly Market Activity Report' for the most current indicators in the market.
Be sure to keep an eye on your email box and the Calendar of Events Page for the latest updates on what MnREIA has to offer. We hope to see all of you April 7th for the Estimating Repairs meeting!
Newsletter Archives - Click Here!

Spring into spring with MnREIA! It's that time of year again where we can start doing more of our business in the field with ease and this month is geared towards making the most out of your time out in the field.

(April 7th) Estimating Repairs Without a Contractor
Being able to estimate repairs quickly and accurately is essential to becoming a successful real estate investors. Estimating these costs yourself will help you crunch the numbers and place your offers far more efficiently and gives you greater control and confidence in your operation.
Click here for the meeting location and time

(April 14th) How to Run and Use the 5 Day Sale Method
MnREIA's Marketing Insight Night will be covering the 5 Day Sale Method to give investors another means of selling their property (or a property they have under contract) while building a buyer's list at the same time. Selling properties can be cheap, quick, and effective. Seating is limited so make sure to RSVP as soon as possible.
*Members Only!* - No Cost
Definitely click here for more information

(April 21st) Computer Training For Investors
The internet offers the real estate investor many opportunities to find motivated sellers, advertise properties, and make a presence. For those of you who are looking to take your business to an online audience or simply want to know how to post on Craigslist this is the training for you! Seating is limited so make sure to RSVP with Ryan ASAP.
*Members Only* - No Cost
Click here for the meeting location and time

A common problem among real estate investors is finding funding for their deals. In today's housing market there are so many opportunities to put prospective home owners and properties together, but funding the double closings can complicate the matter. There is a solution to this problem and it called Home Seller Assist "HSA." HSA offers funding options for short sales and double closings that will allow you to focus on matching homes with buyers instead of scrambling for funds or paying significant interest to hard money lenders and will allow you to cash out in a matter of days! Realtors, wholesalers, assigners, investors this is a program that should not be overlooked! Meetings begin @ 7pm every Wednesday in Bloomington.
For program details please visit www.BestCashInfo.com
Click Here to HSA Meeting Information

Are Banks Responsible for the Housing Prices Declining?

Some might blame the banks for the prices of houses declining, and I would agree to a point. While the banks are not the only problem, or even the major problem, they are a contributing factor in today’s market. The entire problem is too complicated to explain in a single article or blog post, but I will do my best to spell out the banks part in this mess.

Last week I was contacted by Rick Kupchella from Kare 11 News about the relationship between Short Sales and foreclosures and how this is affecting the market. Here is the video that aired on Kare 11 Extra on 3/29/2009... Read Full Entry

March has been a terrific and busy month around the ol' Real Estate House. As many of you have probably seen on Sunday, Mike was interviewed by Rick Kupchella about what is going on between banks, investors, and short sales. Mike covered his thoughts on the matter on his blog. Check out the front page of the MnREIA website to see Kare 11's piece, featuring Mike Jacka, on the banks and the housing market!

This last computer training had a terrific turn out because it acted more as a carry over from the marketing night because the marketing was based on a computer intensive topic. We would love to hear some feedback from all of you so we can form a better lesson plan for the computer trainings.

One thing that we are super excited about is the upcoming release of our new premium websites that we have in the works that will provide you with total control over the content of your website. These websites will be more than you could have every expected and the great thing is that they are so much cheaper than anything out there and they are hosted by us! Stay tuned for updates on this!

Finally, we are becoming bigger and bigger fans of Home Seller Assist (HSA). It is an amazing program and it just keeps getting better! HSA offers short term funding for double closings, short sale negotiations for realtors so all you have to do is find a buyer instead of spending 5 hours a day waiting to speak with a loss mitigator, 6% commission is also guaranteed on successful transactions.

HSA is so amazing and also offers the best training in the business for everything from Short Sale negotiations to Land Trusts, Options, Subject To's, you name it. Like I said we're big fans of HSA because it offers funding, negotiations, AND education!

In the most recent Marketing Insight Night the topic we had taken a look into creating an online presence to supplement your real estate investing by taking advantage of social networking, online classifieds, websites, and other mediums to create a core engine of information for sellers. The basic idea behind this is to create your own little world of information that should provide quality answers and solutions to commonly asked questions that motivated sellers often have.

This serves several purposes that are all meant to support your business:

1) Informs and encourages sellers to realize the situation that they are in and take action.
2) When they take action and realize they need to do something you will have qualified yourself above others as a trustworthy solution in addition to deeming yourself professional and knowledgeable.
3) If they don't take action right away they can bookmark on piece of your information (which will link to everything else you have to offer) and when they come back looking for information day or night you'll be there, online.
4) Starts you off on the right foot. By this I mean that you have total control over the content you produce and that means that you can do as many takes and do as much editing you want to create the best first impression you can.

The pieces that make up your core of information are all great ways to increase your leads and increase your exposure but keep in mind that you want to link and maximize the linkage between your pieces. Now, the pieces that make up you information core are these:

A blog, a YouTube Channel, and a website. These are the core necessities that you should cater to and keep freshly stocked with quality content. For a blog I recommend www.Blogger.com which is owned by Google, which also owns www.YouTube.com, as it is easy to manage through a Google account which will consolidate your accounts and make things easier to manage. Now that you have a little world of information with videos and text, enough that you feel will convince them to take action it's time to focus on going out a curbing traffic to your world of information...

For more please visit our Marketing Insight Night Facebook group *Click Here* or simply log into Facebook and in the upper right hand corner you will see a search bar. All you have to do is type in MnREIA and you will see all of our groups just waiting for you to join.

As mentioned in the calendar of events the next MnREIA Marketing Night will be April 14th at BenePartum in Mendota Heights. These nights are free and for members only because we care about our members and their success. Please make sure to RSVP ASAP with Ryan (Ryan@MnREIA.com) as seating is limited and the next topic on 'The 5 Day Sales Method' is going to be a good one!

MnREIA.com does not give legal, tax, economic, or investment advice. The Minnesota Real Estate Investors Association disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.