Tim Murphy's dream of playing in the highest level of hockey, the NHL, came to an end in his early 20's. He was then left with a decision about "what next?"

If you don’t know how Tim Murphy got his start, you don’t know Jack!

How you build a Value-Driven Investor mindset starts with believing in you while taking control of your life and your story.

How do you know if you can trust the person? This is key because the number one thing to trust is doing your research because trust is not given, it's earned.

You should be prepared to lose money every time you make an investment, because if you can't lose the money then you probably shouldn't make the investment That's rule number one.

As of right now, I am positioning all of the cash I have for future investments and cash flowing assets. So to answer that question, you should be thinking about how to take that money out of your house, your personal residence, and invest it in cash-flowing assets.

I was always told I should save my money because if I saved my money, then I'll have money for a rainy day or I'll have money if something goes wrong or I'll have security.

And I would tell you, in my opinion, you should always be investing that money in real cash-flowing assets like real estate.

I think the definition of a value-driven investor will probably continue to change and evolve just like Tim Murphy evolves and just like you evolve.

If you go to Dakota County and your property's assessed value is $650,000 but your agent thinks she can sell your home for $725,000, just know the agent probably isn't crazy if they know what they're doing. You want to see your assessed value lagging behind your current market value…..Why?

Scott asks if installing solar panels on his home increases his home's value. For that, we go to solar expert Andy Kim of EVS Inc. in Eden Prairie, MN.

Josh asked me, "Hey Murph, will you work with me?"

Josh is a past client and I said of course. I'm willing to work with anybody.

Thanks, Brent, and I'll say first that there's a big difference between a real estate agent and myself, Tim Murphy, because I think like a real estate investor.

That's a big difference.

Great question. I would tell you that there's no definitive way to determine if it's smart to sell your home in an as-is condition.

Now, this is a question I get all the time because I do a lot of new construction in the South Minneapolis area and other areas around the 7-County Metro area.

I've been doing it for a long time.

Now, this is a really good question because everybody knows in Minnesota, our market is cyclical. Slower in the winter until things pick up in the spring. It usually stays active until Halloween, and then it will dip again.

That's a really great question, Claire, and I get that question all the time. Obviously, yeah, it is a sellers market, depending on what price point you're in.

Kathryn asked, "Is there a way to get the history of insurance claims on a house?"

That's a great question. Especially if you're trying to do more due diligence on a home that you're going to make an offer on.

And the answer is....

And that's really an insightful question because there are four different things that I would ask if I had to make a quick decision. And even if I didn't have to make a quick decision, these are probably the first four things that I would want to know before I write an offer...

Now, this is a great question, and it's actually really pertinent to a deal that I'm working on right now. I am trying to help somebody in Wisconsin find a cabin. It's on a peninsula, though, and it is really flat lakeshore. So, there could be a chance where lake water could rise and flood the house. So, is that house in a floodplain? How do I find out?

Now, this is a great question because most of the time in the Minneapolis area where I am usually working, there is not a lot of well and septic unless you start getting a little bit more rural. Now when I talk about rural, what are we talking about? We're talking about either lake property or we're talking about acreage.

So if you're buying a lake property or you're buying on acreage there's a good chance you're looking at a well and septic system. Who pays for that?

This is a great question. Take me, for example. I have a 3.25%, 30 year fixed loan on my personal residence. And now I'm going, “man, if I can get a 2.85 or 2.75 interest rate and save myself another half a point, maybe I should consider it? “

Yes and no...

And this is great because there's a lot of people that are thinking about possibly buying a lake home right now. There's a lot of people thinking about a vacation rental down in Florida, or out in Wyoming, or wherever it might be that you want to hang out outside of your current state or your current location. Here's what I told Landon...

Karen, I want to give you three things that you need to think about if you're getting divorced and want to buy a house.

Amy asks: “My company is giving me the option to work from home for the rest of the year. Right now I'm working from my kitchen table. Can you recommend anyone to help me turn a spare bedroom into a working office?”

That is a question I'm getting a lot, Amy.

Eric! I feel your pain! Listen, at the end of the day, in this post-lockdown transition, there is a lot going on when it comes to remodeling or real estate.

It has been gang busters.