News Report in my state

http://www.kare11.com/news/news_article.aspx?storyid=111940

thoughts please?

::)Hi OneE,
I live in Coon Rapids and I saw that on the brodcast too. They don’t confirm that there is an investigation so far (but there probably is) but the main theme seems to be with brokers and realtors. Who, by my understanding, if licensed have all kinds of rules and regs they have to adhere to. Not that having rules and regs. is necessarily bad, but the media and government have a way of trying to put a spin on the industry as a whole. I’m sure that this is just another piece of sensationalism they are notorious for. ;D You can’t believe everything you see on TV. You usually don’t get the whole story!

mngirl

Hello,

Def true. So how long have you been doing this?

;)Hi OneE, I am a NOOB. I have been reading here for awhile and have been researching via books, videos and misc websites. I’ve attended the local REIA club here in Nov. going to go to the Dec. meeting and join shortly thereafter. I’ve been checking different properties out- actually have done that for years-habit or hobby- can’t decide. But I love RE and am excited about ALL the possiblities this industry affords.
How about you? Where are you located? I don’t think there are that many from MN here. Maybe 4 or 5.
:)mn girl

mngirl,

I have been doing this for about 2 years. Only did about 4 deals, mostly foreclosure buyouts. I saw that there is a rei club local and tried to email the person they have listed and no response yet. I actually would like to attend one of those.

So what kind of deals do you often look for?

You know the deal here is mostly Realtors! There also is a legal and a illegal way to obtain cash back at closing! Look into Tara Grants if you are interested in the correct way to do this!

                                 Robb

Hi reo (Robb) what are Tara Grants? ???

mngirl

a Tara grant will allow seller to contribute money for the buyer to get back at closing to use towards repairs and other expenses I will GOoOoOgle and get the site that will explain them in full!

                                   Robb