Demographics: The top reason to invest in real estate in Claremont

Claremont, located in Dodge County, Minnesota, is a small town meant for families and people who love the peace and quiet. It’s not as busy as say, Minneapolis, but it’s a cozy place that people can call home, and be proud about.

Less than 600 people are living in Claremont, which is home to a little over 230 households and close to 160 families. It’s not as crowded as metropolitan cities with under 540 people per square mile. It’s also a pretty welcoming neighborhood with people of Native American and Hispanics and Latinos sharing the space with white Americans.

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Image source: lakesnwoods.com

Around 40 percent of the households have children below 18 years old, while over half of the houses had married couples occupying them. A little over 32 percent of the homes have residents who were not family members, which again shows that the town is indeed welcoming. It is also a friendly community to the elderly, as one in every 10 households has a senior citizen living in it.

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As mentioned, Claremont is a great place to invest in real estate, especially for those who want to start a family or settle down. About 30 percent of the population are children under the age of 18.

Steve Liefschultz helps people in Claremont and surrounding areas in Minnesota invest in real estate. For more investment tips, follow this Twitter feed.

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Investment Ideas: The Businesses Of Minnesota

For people who are planning to open a business in Minnesota, there exist some excellent opportunities. It may take a substantial amount of time to set up a business, but with enough research and good judgment, the chances for a successful opening are quite high. Below are some of the good business ideas for the Minnesota dweller.

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i) Movie theaters never go out of style and are strong even during recessions. People will always need to unwind and relax, and movie theaters have proven throughout the decades that it is an established avenue for returns.

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ii) Tax accounting firms is another great idea for a business that can withstand recessions. People will always need accountants for their taxes.

iii) Small side businesses such as dog walking and healthy prepared meals are perfect for people who have day jobs and who are still hesitant to become full-time business owners.

iv) Bus tour companies make a lot of money, especially in places where there’s a lot to see. Minnesota happens to be one of those places. Another lovely thing about bus tours is that during non-peak seasons, company owners can branch out to do other things, and open other small businesses, such as …

v) Small events organizing company is another idea tailor-fit for small communities. Organizing children’s parties, seasonal dances, company events, sporting events, and other small events all comprise the simple joys of community residents.

Steve Liefschultz specializes in helping people invest in real estate in Minnesota. For more real estate updates, follow this Facebook page.

Understanding The Fundamentals Of Real Estate Investment Funding

For the real estate investor, one of the main challenges is securing the financing of a new venture. Rarely would a first-time investor have sufficient capital on hand to acquire property and, thus, must rely on a broad range of funding options.

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Typically, though, many first-time investors would fund real estate acquisitions for investments through more conventional loans, often through the same home mortgage that they used to acquire their own homes. This is especially advantageous to investors of real property, who can use the income generated from tenants to pay off loans faster than expected.

Besides mortgages, however, investors can instead seek out a variety of alternative loan options. Some investors can have a fortuitous moment and receive a private loan from a trusted friend or family member or secure a hard money investment from a private businessperson and forge terms favorable loan options. Others, meanwhile, may be able to tap into nonconventional options such as real estate trusts and whole life insurance policy loans.

However, one of the most reliable loan option available to landlords is investment property loan, which often provides the same advantages to mortgages while offering additional benefits to more experienced landlords. Unlike regular mortgages, investment property loans count rental income when estimating the borrower’s debt-to-income ratio, which can help established landlords secure more funding and expand their portfolio of properties.

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Tapping into the funding needed for real estate investment can be a challenge for the new investor. Steve Liefschultz and Equity Bank provide assistance through an assortment of investment lines of credit and real estate loans for investors and entrepreneurs throughout Minneapolis and Minnetonka. Visit this page for more updates.

The Economic Effect Of Impact Investing In Minnesota

Back in 2014, a large family foundation in Minneapolis, McKnight Foundation, realized how contradicting it was to endow millions of dollars to nonprofit organizations advocating climate change while earning revenues from coal mines and companies that emit carbon gas.

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The Minnesota-based organization since then has taken off coal from its portfolios and changed its investment strategy. It has reinvested hundreds of millions into a diversity of assets that reduce carbon emissions and foster sustainable growth, in addition to the previous causes they have already supported, such as literacy and neuroscience research.

In the other half of the Twin Cities, St. Paul, the Northwest Area Foundation had also pledged a tenth of its $400 million endowment into investments that aims to reduce poverty through job creation in low-income and rural areas.

These two foundations are distinguished as leaders in impact investment.

Impact investments are made with the intention of not just achieving monetary returns, but also creating a positive impact on society and environment. While it is only recently gaining steam, the concept dates back to as early as 17th century when Quakers refused to invest in slave trade and pacifists did not invest in war.

In 2015, a survey of 158 impact investor showed that global impact investments had reached $15.2 billion.

Currently, several foundations in Minnesota have entered the impact investment scene, with most investments focusing on job creation or low-interest loans for affordable housing. However, in early August, a meeting in Minneapolis by a group of investment professionals discussed the substantial and unprecedented effect of impact investment on the market.

Under the leadership of Steve Liefschultz, Equity Bank offers customized service in giving access to investment lines of credit and real estate loans. Read more on investment and business conditions in Minnesota by following this Facebook page.

Every Homebuyer Should Know These Hidden Costs Of Ownership

There are hidden costs of home ownership. Those who are applying for any form of real estate loan should understand these before submitting their application. Listed below is a summary of factors that should be taken into consideration.

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Property taxes: Technically speaking, all homes and mortgages display their true cost. However, taxes are not usually included in these purchases. Potential homeowners create budgets that only allocate a certain portion of rent or ownership. They are often shocked when asked to pay for property tax. Homeowners are advised to find out their tax in advance. This can be easily found through a real estate property listing. Once the amount is discovered, it can be divided by 12 and added to one’s monthly budget.

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Insurance: Home insurance is a wise decision. Most states require homeowners to lease out insurance to protect them. However, this also means an additional cost. There are several factors also to note. Older homes typically have a higher premium because of older electrical and heating technologies that are considered to be more hazardous than newer homes. Homes that are also within a disaster-risk zone (for example, those in an earthquake, volcano, or flood zone) usually have to pay extra.

Appearance and maintenance: It is natural for homeowners to want to keep their homes in pristine condition. Nevertheless, an added patio or new flooring costs money. These may initially seem like small expenses, but these do add up. Homeowners should allocate a certain budget for decorations and maintenance in order to keep themselves from overspending.

These simple considerations can potentially save homeowners a lot of stress and hassle once they purchase their new home. It is also a good idea to speak with one’s financial and credit expert for more information.

Steve Liefschultz of Equity Bank helps people with their many real estate loan concerns. The bank has several branches now, and is particularly proud of their Minneapolis branch. To learn more, view this LinkedIn profile.

Why People Should Invest In Real Estate In Minnesota

Image source: ci.rosemount.mn.us

Image source: ci.rosemount.mn.us

Minnesota is a great state to live in. There are over 10,000 lakes and a lot of nature trails in and around hills and mountains. It is a paradise for nature lovers and adventurers alike, and it is host to a number of places which rank high in overall standard of living in the United States. Here are two very important reasons people should invest in real estate in Minnesota:

The cities and towns are amazing.

Cities such as Chanhassen and Rosemount offer pleasant and cozy lifestyles. With affordable housing and top-ranked education, people looking to invest have lots of choices for neighborhoods within these two cities. Greenwood, which is a small town on a lake, is probably the best small town in the state. Low crime rates and good schools have been winning over investors. Then there’s Northfield, which is a quiet town perfect for retirees, with two colleges and great local businesses that enrich the community experience.

There are lots of things to do and places to visit.

The city of Duluth has what is known as the Ultimate Duluth Experience Tour Company, which takes visitors on a historical and nature adventure. Tourists can visit breweries, and go on kayaks or bikes on several nature trails. That’s just one of the many things everyone can do in Minnesota. There are countless orchards and gardens to visit, and endless parks and trails to explore.

Steve Liefschultz helps people in Minnesota manage their finances, and assists them in investing in real estate. For more on Minnesota, subscribe to this Twitter page.

Assessing The Business Climate In Minneapolis

Image source: grayline.com

Image source: grayline.com

In 2015, Forbes Magazine named Minnesota as one of the best states for business, citing the Midwestern state’s economic climate and quality of life as one of the best and strongest in the nation. Driving the force behind Minnesota’s strong business and economic climate is the metropolitan area of Minneapolis-St. Paul.

The Twin Cities houses industry giants and small companies making up more than half of the $316 billion gross state product of Minnesota. Several Fortune 500 corporations are headquartered in Minneapolis-St. Paul, including Target, General Mills, 3M, and the UnitedHealth Group. The city’s roster of established enterprises is a key factor that contributes to the healthy business environment in the area.

Its highly educated workforce is another factor that draws business investors and job seekers to the city of Minneapolis. Ranked as the second most literate city in the nation, Minneapolis boasts of an educated and experienced labor force. The city is also highly accessible. Its efficient transportation system allows people, as well as goods and products, to get around easily. Furthermore, the city offers plenty of professional services to support aspiring entrepreneurs to start their own business and to help companies succeed.

Image source: pond5.com

Image source: pond5.com

With a city like Minneapolis, it is no question why Minnesota consistently ranks as one of the best places in the nation for business.

Steve Liefschultz is the chairman and CEO of Equity Bank, a finance company specializing in investment lines of credit and real estate loans in Minnesota. Follow this Twitter account for more updates.

Minneapolis and Commerce: Reasons for doing Business in the Twin Cities

There are many good things that a person can say about Minneapolis, Minnesota. One of them is being one of the easiest places to do business. The entrepreneurial community in the city is strong and diverse. The variety is built on the premise that there are numerous companies in the area—be it large or small, startup or seasoned, and traditional or innovative.

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Many industries thrive the area, including finance, merchandising, and education. Minneapolis supports innovation and new ideas; that is why it has become a melting pot for many breakthroughs and business feats. Harvard Business Review even ranked Minnesota as the second most conducive state for innovators.

The workforce in Minneapolis is also top notch because the majority are well educated and experienced. In a population of about half a million, the labor force numbers to more than 300,000. In fact, Minneapolis is at the top of the list of “smartest people” and “America’s most literate cities.”

The Twin Cities also has numerous colleges and universities where businesses can their new employees (and future leaders) from. It is also home to senior business pundits—from patent attorneys to classy designers—that companies need for their ventures to succeed. Finally, it is also one of the first cities to provide its residents, businesses, and visitors access to a wireless connection anywhere in the district so that people can stay connected all the time. Reports show that Minneapolis has the second fastest broadband speed in the country.

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For more about business opportunities in Minneapolis, subscribe to this blog for Steve Liefschultz, Equity Bank CEO.

Small Business Assistance In Minneapolis

Starting and maintaining a business can prove to be a difficult endeavor, especially for first-time business owners. To be of assistance, local governments have laid down measures of support for local businesses to grow and develop. In the city of Minneapolis, several business assistance services are offered for individuals planning to start a new business or for owners looking to expand an existing business.

Image source: weebly.com

Image source: weebly.com

Aside from providing an array of financing programs and business loan options for Minneapolis business owners, the city also offers numerous business assistance services through the Business Technical Assistance Program (B-TAP) and a number of nonprofit organizations offering free business consultation services and events.

The B-TAP was created to provide consulting support to local Minneapolis businesses. The city works hand in hand with non-profit organizations in offering entrepreneur training to provide sound business counsel and training for new and existing business owners. B-TAP also helps owners pursue certification as minority-owned disadvantaged businesses.

In addition to B-TAP, potential business owners in Minneapolis can also seek business advice from local non-profit organizations. SCORE is one organization that provides entrepreneur training, workshops, and resources to help small startups grow and succeed. The nationwide nonprofit association has over 10,000 volunteers dedicated to entrepreneur training. The Twin Cities Small Business Development Center at St. Thomas University also offers expert entrepreneurial advice for small businesses. The center helps startups develop strategies to improve profitability.

Image source: collegefocus.com

Image source: collegefocus.com

Cities should support local businesses to create employment opportunities and to develop local economic growth. The city of Minneapolis offers business assistance that turns small businesses into a success.

Equity Bank specializes in investment lines of credit and real estate loans. To know more about how the company can help your business’ investing and loan needs, visit its official website.

Minneapolis Housing Market Continues Upswing

The past year has been massive for the Minneapolis housing market, having achieved growth levels it has not seen in the past seven years. This is good news for the real estate industry as a whole, especially that it can now confirm the end of the housing bubble that has plagued the country for years. Experts predict that the upswing will definitely continue in the next several months or even to a full year.

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Image source: minneapolis.org

Minneapolis is currently one of the strongest metro cities in terms of economic performance, which easily translates to great opportunities for the real estate sector to make a rebound. Almost every market indicator for the city has improved dramatically since the recession. In fact, Minneapolis is currently one of the top major cities for job creation, with a very low unemployment rate of just 3.6 percent. This means the majority of the residents have high purchasing power, which allows them to afford big purchases as major as real properties.

At this point, the only thing holding back (but is actually a good indicator) the further upturn of the Minneapolis housing market is the relative paucity of properties that can be sold on a commercial level. Current demand is so high that it puts property owners and developers in both awkward and rewarding situation. With top universities, green businesses, excellent public health facilities, low unemployment rate, and a generally agreeable community culture, Minneapolis has been a hot spot for new homebuyers. Experts anticipate that median home sale prices will rise to at least 6 percent this year while interest rates will only increase slightly to more or less four percent. The Minneapolis housing market has been in its healthiest state in about ten years.

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Steve Liefschultz is the chairman of the board of the Remada Company, a real estate development and management company in Minnesota. Know more about his professional background here.