All Forum Posts by: Jonathan Greene

Up Down Duplex at 2942 Ewing Avenue South in Minneapolis.

Two 3 bed, 1 bath, 1500 sq ft units. Updated bathrooms and kitchens in both units, with the potential to finish the basement with a 2 bed, 1 bath unit. Basement also has a storage room for each unit and shared laundry. The garage has one spot for each unit and a bonus room for storage.

***Off-market and the agent is only planning to show this property August 11th to the 13th. Motivated seller!*** 

Steps away from a projected future Lake St SWLRT stop.

Most recently it was getting $2,000 up and $2,200 down. Owner was originally living on the main level but the renter wanted it. Main level is currently vacant due to sale. Lot is 55 x 128 of .16 acres.

*I know the agent with this off-market opportunity personally. Please direct all inquiries to  [email protected] and let him know you found the info on Bigger Pockets. I told him how awesome the BP community is!

Attached are some pictures of the main level and exterior.

I might know an agent who can help you with that. PM me for his info.

@David Ferrette - it's not unreasonable to expect a discount from an agent's top one-off listing percentage for giving them three listings at once. All of my investors who do multiple transactions get a lower commission percentage on the seller side in comparison to those that do one residential sale. This a fair volume tradeoff.

On the other hand, if you get the best agent who will get you the best price, they will be worth the commission either way.

@Mark Dresdner - are you looking to house hack? If so, then your determinables might be different than if you were looking for a strict investment property. As @Chris Masons said, taxes make it a bit difficult or riskier if you are not careful so you need to find an investor-friendly agent who can run real comps and give you real options for how the property will appreciate. In Essex Co. you want to stay as close to the train as you can to maximize your rental income. 

It also depends on how much you want to spend in regards to where you might want to invest in a multi in NJ. If you are looking to spend under 200k, you will have to explore towns under the radar or set to grow in 5 years. In towns like Orange and E. Orange, you can still turn decent rents at a low buy in, but you will have to wait on the appreciation a little longer.

@Francesca Baglio - it's a matter of self-protection because it's not like they are going to give you any repair credits. We have a lot of underground oil tanks (abandoned and in use) where I am and I just account for the money for a full repair (non-disaster scenario) into my offer as @Ken Otsuka said. You will be stronger as a player if they don't know you are doing extra inspections, but you will assume a bit more risk. If you are a newer investor, I would do one just so you can see how it goes and learn for the next one to see if you really need one or you can add the costs into your formula.

@Jim Kelly - you will love Call Ruby. Game changer for what you are looking for. Highly professional and friendly and the delivery time to you from call to message is like one second.

@Account Closed - where in MA are you looking? I have a few colleagues who I trust there that I could refer you to. One of my old college friends also runs a real estate auction house in MA that turns out some awesome deals. They could be of interest to you. PM me and I will send you the info.

@Cynthia Brooks - I have two preferred agents in Brooklyn. PM me and I can connect you.

@Katherine S. - definitely track down the owner, this is crazy. If you PM me, I am happy to track down some info for you if you know the owner's address on tax records. I have a few sources that usually come up with something.

@Yoni Rozenstein - your best bet for marketing this property with past structural issues is to get a Structural Engineer to issue a full report and include that in the marketing. The majority of non-investor buyers will hear structural issues and run (even if they were fixed) so if you can have a documented report by a licensed professional as part of the package, it shows you are being transparent and that you have addressed all of the issues to make the house whole again.