Frank Jermusek discovered his interest in law while in college at The University of St. Thomas in St. Paul. While studying Business at St. Thomas, Frank Jermusek was at the same time working for the Minnesota Investment Firm, Baker Investments. While his main work consisted of managing investments of the company, Frank began working on complex commercial transactions.
About Frank Jermusek
The Jermusek Law Firm, LLC
After studying law at William Mitchell, Frank Jermusek was hired immediately to work as an attorney at Leonard, Street and Deinard. In 2006, he founded his own law firm, The Jermusek Law Firm, LLC, which is based out of Minnesota.
The company is focused on providing sophisticated, creative, and practical solutions for clients dealing with real estate, business, and lending matters. Frank Jermusek has mainly focused his legal practice on business, real estate, lending, and golf/hospitality matters.
SVN | Northco
Working closely with his other Business, SVN | Northco, a real estate and investment firm also operating in the Minnesota area and Twin Cities, Frank Jermusek’s law firm will help individuals and companies across the greater Midwest handle legal work and strategies for real estate transactions, business transactions, and litigation for both.
In terms of real estate, Frank Jermusek’s firm will provide a practical solution to legal matters in purchase & sales, development & construction, debt & equity finance, leasing & property management, loan workouts & restructuring, commercial lending, 1031 Exchange, and, another speciality, Golf Course & Hospitality. In business, his firm will handle the legal work for business formation, contracts, mergers & acquisitions, and corporate finance.
In his work as a legal consultant and attorney at law, Frank Jermusek hopes to provide his clients with planning and preparation that will maximize the profit for their business or institution, and deliver the best possible results for that individual company or service.
Connect with Frank Jermusek
Everyone is familiar with the home improvement shows on TV with the personable couple who buys a forlorn house, turns it into something beautiful and sells it for profit within a few months.
The reality of this is, that it’s not as easy as it looks. People make money off of flipping houses every day, but the secret to that success starts with really knowing what you’re doing. Finding a good house to flip is much harder now because the market is so strong for bargain-priced homes.
You need to start by finding a house to flip that makes economic sense, and this task is difficult. You are in direct competition with retail buyers because they are buying the ugly houses as there is nothing else.
Another big key to success when it comes to flipping a house the right way is accurately estimating both cost and timeline. There will always be surprises along the way, of course, you still need to calculate the true cost of getting the property ready for sale. This includes purchase price, repair costs, marketing expenses and carrying costs, such as mortgage, insurance, and utility payments.
You must understand the construction and issues faced by older houses so you can make the most accurate estimate. You don’t know what lies behind the walls of the house you decide on whether its mold, asbestos, water damage, antiquated electrical lines, foundation issues or crumbling pipelines.
Below are secrets of successful flippers.
Buy at the right price. Make sure to not buy the house for the full retail price, you will need to buy below it to have money left over to spend on improvements and make a profit. You want a house to which you can add value and sell for more than you spend.
Access to cash. A traditional lender will want at least 25 percent down and also have the best rate. However, a hard-money lender, who gives a short-term mortgage based upon the value of the asset, may not care about your credit and will lend enough to buy and rehab, but he or she will charge 10 to 15 percent interest or more. You could get lucky and find a private lender who trusts you enough to give you a loan for acquisitions and repair costs at a reasonable rate, but that often takes a track record unless you have relatives with money.
As a real estate agent, you have many obligations to your clients, the most important being able to smooth the process of selling their home. You are their advocate and professional they are turning to for help. Most people look for someone they can not only trust but someone who will do anything they can to get the most money out of their home in the least amount of time with the fewest headaches along the way.
Some agents assume most sellers know little about the sales process and so they do the bare minimum and get by as an agent. This is no way to successfully build your business by doing the least possible. When you do your best covering all of the bases of a smart sales process, you will gain a reputation for great work. You will also enjoy the referrals that come along with that reputation.
There is a lot of room for disappointment by picking the wrong real estate agent to represent your interests. When selling a home, it is very easy to choose a wrong agent, after all, the odds are stacked against you. You must gain a deep understanding of how to pick a real estate agent before you go wrong as many other sellers have.
First, understand what real estate agents should be doing for you by assessing them with these steps below.
Price The Home Correctly
This is pretty much the most important thing you can do as a realtor. The best real estate agents avoid giving in to the desire to say what it will really cost to attract business. However, top-notch agents price each home using training, understanding of the market and comparable sales.
If an agent knows how to price a home right, that is one of their most valuable skills. To be a smart seller, look for agents who have sold homes close to the original listing price.
Market the Property – A Lot
A great real estate agent should really stand out when it comes to marketing. You can tell if they are good at this if they are taking suburb pictures of your property or even hiring a professional if necessary. The photography on your home is absolutely one of the most essential elements in selling homes today. It is so essential, that people interested in your property viewing it online will visit it only if they like the pictures of the property first (before looking at it in person).
Real estate agents must get a well-informed understanding of what is going on with the sale of their home. Many real estate agents make the mistake of getting a client and only checking back in when they get an offer. What a great real estate agent should do is regularly update their customers on the feedback from showings and about anything else that may concern them. There doesn’t even need to be any offers, keeping in touch lets a seller know that you are doing something and it’s worth paying for.