New Investors

If your looking to start investing in real estate, use my experience to help guide throught the process.   I currently own 5 single family homes and 1 townhouse here in Bloomington, Richfield and Minneapolis, Minnesota.  If you're looking to get started, please email me at phong@mnrealestateteam.com or call me directly at 952-994-6988.  I have a wealth of knowledge in this area and I will teach you how to do it.  A lot of beginner investors are a little nervous about the market.  I can tell you that when I bought in 2002 and 2003, the prices were a lot higher.  Now, the prices are lower and it takes a shrew investor to know that this is the best time to buy in 20 years.  I'll give you an example.  The houses that I bought in 2003 in Bloomington were about $210,000.  Now they are $180,000.  See the difference?  Use my expertise to help you get over your fears.  I can meet you at a coffee shop somewhere and we can discuss all your questions and concerns.  A lot of my past investor clients met with me face to face at a coffee shop before they decide to work with me.  I think it's really important to meet the person face to face before you want to do business with them.  I've also met my investor clients at the property and then we talk afterwards.  If you are looking to get started, it's a great time to buy because everything is so low now.  A lot of experts have predicted that we are close to bottoming out.  By the end of summer 2010, prices may be going back up again.  Prices are low and investors are out there looking to make offers.  It is a different type of market than it was 2 years ago.  However, it is more challenging to get financing now then it was 2 or 3 years ago.   The minimum down payment for an investment property is 20%, where it used to be 10% down.  We also offer monthly real estate investment seminar for those that are just starting out.  It's a great way for you to learn about the different ways you can invest, how to get the financing and how to get started. 

Did you know that most millionaires have a significant portion—if not the majority of their wealth in real estate?

6 Secrets Why Real Estate is the Most Effective Way to Build Financial Freedom

1. Huge leverage potential—low or no money down
2. Passive income—make your money work for you
3. Control over management—you make the decisions
4. Incredible tax shelters—save thousands of dollars!
5. Most predictable return on investment over the past 200 years
6. Cash flow
   
   
   How I Can Help You Build Wealth Through Real Estate