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All Forum Posts by: Ray Mulli

Ray Mulli has started 39 posts and replied 131 times.

Post: Any Minneapolis or Minnesota wholesalers on BP?

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

@Sean S,

I'm wholesaling and currently working on a marketing plan to stream deals continually.

Post: Any Minneapolis or Minnesota wholesalers on BP?

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29
Originally posted by @Account Closed:

Moderator, definitely not trying to do deals in this thread.  Was just curious who else is here locally doing single family deals.

@Sawyer Lubke my day job is acquisitions for a big multifamily fund, but also looking into getting into single family deals as I think the multifamily market is going to peak and slow on the acquisitions front over the next few years.  Not planning to quit my day job but most of my income is commission so looking at some other opportunities to keep cash flow coming in.  It seems to me that it's pretty tough to find single family deals these days as well.  I almost built a spec home in Linden Hills earlier this year and have looked at some flip possibilities in Longfellow and NE Mpls.  Are you seeing good deal flow?  How are you finding your deals?  

@Ray Mulli what areas are you working?  Are you doing deals consistently?

Post: Any Minneapolis or Minnesota wholesalers on BP?

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

@Sean S.

Welcome Sean! I'm also a wholesaler based in the Twin Cities.

Post: Twin Cities MN Investors

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29
Originally posted by @Ray Mulli:

we buy in all 7 metro counties except North Mpls.

commercial, land and residential. property should be off MLS or if it was listed on MLS we can buy it at 70% of last listed price

Thanks Pavel. I plan on finding property off of mls. Quick question, do you prefer 3 b/d SFH or 4 b/d?

Would love to network. Thanks again for responding.

Post: Twin Cities MN Investors

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

we buy in all 7 metro counties except North Mpls.

commercial, land and residential. property should be off MLS or if it was listed on MLS we can buy it at 70% of last listed price

Thanks Pavel. I plan on finding property off of mls. Quick question, do you prefer 3 b/d SFH or 4 b/d?

Would love to network. Thanks again for responding.

Post: Twin Cities MN Investors

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

I'm looking to network with any available investors working the twin cities of the great state of Minnesota.

To start of,what criteria makes or breaks the deals you are looking for? Specifically are you looking for houses that only need cosmetic repairs?

All comments welcomed.

Post: Deed in Lieu

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

Thanks Kim. Seems like you know quite a bit about this....

Here is a related question, an reason an investor would turn down a HAFA DIL?

Post: Deed in Lieu

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

Ah....the goal....to walk away from an underwater and expensive mortgage.

Post: Deed in Lieu

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29

Thanks!

Yes...I'm asking about the investor as mortgagee.

I thought with HAFA, investors are more than happy to move the non performing asset to a performing one.....not so?

Post: Deed in Lieu

Ray MulliPosted
  • Investor
  • Minneapolis, MN
  • Posts 133
  • Votes 29
Originally posted by @Ray Mulli:

Would and Investor (institutional or otherwise) turn down a HAFA deed in lieu?

All comments are welcome.

Thanks!

 ***correction***

Would AN investor turn down a HAFA deed in lieu?