All Forum Posts by: Amy Ranae

@Keith Fjelsted I would LOVE to stop by a job site sometime!

If you want to flip condos downtown is great:) expensive though. People hate on n mpls but you can still buy gross houses for cheap and as an agent I have PILES of young families moving there because it's really the only affordable area of minneapolis left. The more popular areas mentioned above price out a lot of first timers. What type of end buyer are you looking for?

Hello BP friends! Ok here's what I'm trying to do: I used list source to create a list for 4-20 unit buildings in my desired neighborhoods. Then I sorted by non-entity owned and no mortgages. This left me wth a very manageable list size of 17 buildings that I would like to go drive around and look at, research, and contact the owners to make an offer. Here is the problem: list source won't let me purchase the list because it's only $2 and they have a $50 min. So, I'm wondering if any of you are planning on buying a list soon and would be willing add my $2 list onto your order and email me the list. I'll pay you $5 for your help! :) Silly problem!

@Wane Zaza Yes you've got it right! If you owner occupy, you can keep going w/ the FHA loan until you hit the max price point which is somewhere around 330k as long as you sell or refinance out of the last one. I'm not a loan officer, but this has been my experience. If you would like a recc for an LO do discuss the details with I've got a great one (or three!) I can recommend. Message me.

@Sam Stoffels 1. Send me details on your structural engineering biz. I ALWAYS need someone to recommend for this to my clients when foundation weirdness comes up, I'd love to add you to my list.

2. I'd keep your options open. As you know, our market is crazy right now. I look all over, see a lot of properties in a fairly wide range and decide what makes the most sense for you! Maybe you'll find you want to buy something a bit crappier, put only 3.5% down and use your extra cash to fix it up and make it more desirable/renter friendly when you move out and into your next property, whatever it might be. 

I'm in town if you want to chat. =) 

@Lisa Atkinson Solid advice!

@Aaron Abraham haha thanks!

@Luke Carl this is good practice haha!

Hey @Nathan S., yes, I've worked a bit down there! Message me if you'd like to coffee!

Nathan S. I work w bell mortgage (brad Nolan is my loan officer, I can get you connected if you'd like) for financing. They allow investors or 2nd home purchases to put down only 15% if the property is a condo or townhouse. Single fam is the traditional 20-25% down. I did my loan in oct of 2016 and got 4% interest on a 30 year fixed. Did you have a more specific question?