From the outside it can seem like people that invest in real estate have secret powers. While no investor would confess to having a genie at their disposal, the reality is they do have something not everyone has: They have knowledge.
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Last week, the Federal Transit Administration (FTA) gave an important approval for the Southwest Light Rail Transit (SWLRT) project. Along with this approval, came the ability to for the Met Council to award the construction contract for the project which is estimates a total cost of $2 Billion. That is the largest infrastructure project in the state’s history.
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Much ink has been spilled over whether it is best to rent or buy. There are reasons to advocate for both sides; however, this is not an article about the advantages of one over the other. Instead, our underlying assertion is that all Millennials should own real estate, and in most cases, the sooner the better.
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The Minneapolis 2040 Plan will arguably be the most impactful document for Minneapolis residents–and even those in the greater Twin Cities–for years to come. If you haven’t read the whole thing, we don’t blame you. Coming in at just under 500 pages of light reading, it is hard to make it a priority, yet there are several important things to consider, especially when it comes to housing.
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