(My Original Blog Post: http://www.minnesotainvestors.com/blog/38-mn-properties-available-for-rent-and-for-sale/)
This list was started around 6/25/10. Here is the list of all 38+ properties in Minnesota that are available, some of these will be sold right away, and this list may be taken down within a couple of weeks, so it's best to get the lastest updates about properties at: http://www.ronorr.com by joining the email list for free.
For home loan or down payment assistance questions please call: 763-634-1766
Real Estate Broker MinnesotaInvestors.com, Inc.
Property specific questions should be emailed or call at the phone #'s below.
Fixer-Upper
$63,000 cash
14xx Selby Ave, St. Paul
St. Thomas Area
Needs about 20-25k worth of work.
This is non-mls and no code issues.
Can close quickly.
This is a money maker.
If you are interested please call or email after you drive by the property.
We are looking for only serious inquiries so please be ready to move quickly.
N. Mpls For Rent
Penn Ave.
$1450/month rent
Completely remodeled
4bedroom + 5th room with no egress window
1800 sq ft
currently non-mls
34xx 31st Ave s. Mpls For Sale
4bedroom
$79,999
Needs $40,000 in fixup
$160-170+ comps
4 bedroom
2 bath
recently remodeled in 2007 with new windows and siding
approximately 400 sq feet up and 1100 on main level
built in 1911
It is in a great S. Minneapolis neighborhood.
14 blocks from light rail, close to restaurants and bars on lake st. close to airport.
Charming curb appeal.
Need cash buyer, will likely sell quickly
email me ron@minnesotainvestors.com, Inc.
27xx 18th Ave South- 6unit 10Bed/6Bath $3300 Rent, Fully Rented, Could
use new roof, some foundational work, cosmetic.Can do it for 186K, CD
is a possibility but terms are not ironed out yet. Looking to do a
cash buyer first. Please ask for Ron 612.408.6744
29xx Queen Ave North-3Bed/1Bath, Needs 15K for Section 8. REO Asking 46K
Please ask for Ron 612.408.6744
25xx Lowry Ave North-3Bed/1Bath, Needs 20K for Section 8. Asking 46K
Please ask for Ron 612.408.6744
35xx Girard Ave North-3Bed/1Bath, Needs 10K for Section 8. Asking 55K
Please ask for Ron 612.408.6744
10xx Edgerton Street-3Bed/2Bath, Cat 2, Asking 33K
Please ask for Ron 612.408.6744
8xx Bidwell in West St. Paul - 3 BR, 2BA, Recently updated -
Granite and stainless. Will go on MLS shortly. Pre MLS price is $130K.
Please ask for Ron 612.408.6744
18xx Benson, St. Paul - 4 BR, 1BA,dutch colonial -
Recently updated - Granite and stainless. Will go on MLS shortly.
Pre MLS price $150K.
Please ask for Ron 612.408.6744
7xx Cook, on East side 2 BR, 1 BA
Clean and simple - good porch, but no garage. Ready
for tenants - (former code compliance) $56K
Please ask for Ron 612.408.6744
9xx Farrington - Central St. Paul -3BR,1BA,
Ready for tenants - (former code compliance) $70K
Please ask for Ron 612.408.6744
53xx Oliver Ave N, Brooklyn Center
5BR, 2BA - Soon to be finished, complete rehab, tile,
granite and stainless. Pre-MLS price is $135k
Please ask for Ron 612.408.6744
Wholesale rehab opportunity -
20xx Sherwood. Cat 2 Code compliance - needs about 40to 50K
in work. Neighborhood is great - 125K to 150K resale.
Non conforming duplex that we would turn back into a 3 bed
SF residence. 40K with a quick close (Before we start the work).
Please ask for Ron 612.408.6744
21xx Springside Drive - Currently
listed on MLS Nice Rambler in Great location - all new...
Travertine, granite, stainless appliances, hickory
flooring, cool porch. On at 167,900K.
Please ask for Ron 612.408.6744
36xx 5th Ave S - Currently listed
on MLS $130k, 3BR, 1BA, completely renovated
inside and out, tile in kitchen and bath, new siding and
front porch. Will consider adding a garage as well. Bring an offer!
Please ask for Ron 612.408.6744
69xx Colorado Ave N, Brooklyn Park,
will be completely renovated in about 3 weeks.
4BR,2BA,3GA,client is welcome to colors of paint, flooring, carpet
and some other things. Pre MLS price is $155k.
Please ask for Ron 612.408.6744
11xx 28th St NE Mpls, Currently listed on MLS -
But could let go for less and possible bonus
if quick close. Completely renovated inside and out, tile
in kitchen and bath, new siding, new carpet throughout.
On at $140k, will let go around $135k and will add granite
for quick close. Bring an offer!
Please ask for Ron 612.408.6744
46xx Brunswick Ave N, Crystal -
Non MLS, 3BR, 1BA, 1GA, completely renovated, SS
appliances, cherry floors w/ loft. Asking $130k negotiable!
Please ask for Ron 612.408.6744
5xx Chalupsky Ave NE, New Prague,Pre-Approved Shortsale,
4BR, 3BA, 3GA, newer construction home on cul-de-sac, new appliances,
quick close possible @$160k.
Please ask for Ron 612.408.6744
38xx Chicago
Contract for Deed Prefer 7-8% down payment
Interest Rate 6.99%
Term 360
Loan $152,985.00
Payment $1,016.79
Int only $891.14
Tax $171.17
2054
Ins $41.67
Total Pymt $1,229.62
Please email ron@minnesotainvestors.com if interested Real estate broker
owner/agent
50xx Penn
Contract for deed prefer 7-8% down payment
Interest Rate 6.99%
Term 360
Loan $115,785.00
Payment $769.54
Int only $674.45
Tax $172.00
Ins $41.67
Total Pymt $983.21
Please email ron@minnesotainvestors.com if interested Real estate broker
owner/agent
16xx DAYTON, ST. PAUL
$199,900
Contract for Deed
Prefer 7-8% down payment
3 Bedrooms on 2nd Floor
Cool Upper Deck off of the Bedroom
Extra Large Main Bathroom
Recently Renovated Kitchen
Center Island in Kitchen
1/4 bath in Basement
Full Width front porch
Living Room with picture windows
Formal Dining Room
Short walk to Snelling bus and shopping
Fenced Yard
Please email ron@minnesotainvestors.com if interested Real estate broker
owner/agent
Uptown (blocks from Calhoun)
6BR 2300 a month
3BR 1200 a month
2BR 990 a month
952-356-2204
Agent
2 bed/2bath Executive styled Townhouse in Burnsville $1195
Roc 612-220-7227
2 bed apartment in Belle plaine (owner pays everything except electricity) $799
Roc 612-220-7227
Dave 763-898-2053
St. Paul
$999/month for the lease
$999 deposit
Lower level of a duplex
Minnehaha
4bed
Owner pays:
water
trash
sewer
Tenant pays:
Gas
Electric
off-street parking
has water
cheapest 4 bedroom around
has basement
has washer and dryer
Dan 612-743-7279
Edina
Condo 1 bedroom
$799/month lease + $3900 option money for rent to own
$125,000 for sale
remodeled, fitness area, golf area, centential lakes
washer and dryer, huge closets
Agent
Dan 612-743-7279
Crystal
3 Bedroom
1 Bath
1 Garage
1200 sq ft.
Rent to Own, Lease/Option
$129,900 purchase price on 2 Year Term
Minimum $4,000 Down Payment
$1295/mo plus utilities
Agent
3xx Bates, St. Paul 4Br Single
family, Rented at $1150 Tenant pays all
utilities. $89k
Please email ron@minnesotainvestors.com if interested
Real estate broker
12xx Payne Ave 3Br Single
family Rented @ $975. Tenant pays all
utilities. $59k
Please email ron@minnesotainvestors.com if interested
Real estate broker
6xx Case Ave Duplex
(up/down) Each unit: 4 Bedrooms, Living
Room, Dining
Room, Kitchen, 2 full baths, Laundry
hook-ups. Rent at $1100 each
Tenant - gas & electric; Owner -
water $149,000
Please email ron@minnesotainvestors.com if interested
Real estate broker
7xx Fifth St Duplex
(up/down) Each unit: 4 bedrooms, Living
Room, Kitchen, Laundry hook-ups. Rent
at $975 and $1100 Separate gas & electric – tenant
paid; Water – owner $144,000 Ask about a possible contract for deed
Please email ron@minnesotainvestors.com if interested
Real estate broker
8xx York Single Family
5+ Bedrooms, Living Room, Dining
Room, Kitchen, 2 full Baths, Main Floor Laundry
Room. Rent $1250
Tenant pays all utilities. $139,000
Please email ron@minnesotainvestors.com if interested
Real estate broker
6xx Jackson Duplex (S xS)
Each unit: 3 Bedrooms; Living Room,
Dining Room,
Kitchen; Full Basement with laundry
hook-up. Rent at $975 each
Separate gas, electric & water –tenant
paid $139,000 Ask about a possible C/D
Please email ron@minnesotainvestors.com if interested
Real estate broker
6xx Jackson Single
Family 3 Bedroom, Living Room, Dining Room,
Den, Kitchen. Rent at $975 Tenant pays gas,
electric and water $69,000
Please email ron@minnesotainvestors.com if interested
Real estate broker
Monday, June 28, 2010
Wednesday, June 2, 2010
Real Estate Services Looking, Staying, Leaving
(My Original Blog Post: http://ping.fm/ar9Fk)
The following are situations to help you determine how to find your next property or work with your existing property. If you are looking to rent with first month's rent and a deposit. I know sometimes people want to try to do a rent-to-own if they have some option money and I understand that. The question is often asked if a contract-for-deed is possible and with a down payment of about $7500 or so it is a possibility.  I will tell you that based on people's situation I talk to from the past, it's likely that they have had a foreclosure or a bankruptcy in many cases.
Because of this I'd highly recommend a credit repair service because most things can be removed off of your credit and the truth is having a higher credit score is really what you are looking for later on to get financing on that rent to own or contract for deed property that the owner is financing today. Don't worry if your credit score is really low, even in the 400's, you'd be surprised what's possible these days. For example I just saw someone go from a 520 to 638 in 60+ days of credit repair. Of course that's a pretty good-case scenario, but the reason I bring it up is I run into so many people who think they have to wait 7 years to get a house again, and they just stop thinking of home ownership.
The truth is that you can get home-loan financing within 3 years from a foreclosure, short sale, deed-in-lieu or whatever may have happened to you. Some of you didn't have a foreclosure but rather a bankruptcy, well the way bankruptcy works on getting your next home loan is that you would need to wait 12 months into a Chapter 13 bankruptcy and 24 months from Chapter 7 discharge. I run into people a lot that think that staying may be a better option than actually getting another place, and if your credit is good then a refinance may be your best option. I do find that a lot of people owe a little too much on their home, so really depending on where they are as it relates to payments, if they are falling behind on payments they may want to try a short-refi which does have a principle reduction with qualifying for different loan terms.
If you get into foreclosure and you insist on staying you may end up needing assistance with your bank on a loan-modification. If you decide along the way that you need any help with home repairs whether you are staying or leaving, I know of some people that do home-repairs. If you decide you don't want to stay in the house, or that you just can't make it work with your bank, your option and decision may have you selling your house. In the case of selling, you will find yourself with many options, at first they may seem confusing, but let me go over them one by one. You will need to determine if you have equity in the house, if the payment will be affordable for the long-term, and if you are current or behind on payments. Those three factors are all very important in the decision making process. So if you have a little equity, and a reasonable payment for awhile, meaning no ARM's adjusting to be too much anytime soon, you may want to offer owner financing to a prospective tenant or buyer. You can rent-out your place there are renter placement services that can help and if you don't want to be a landlord than there are property management companies that, for a small monthly fee, can manage just about everything from the contractor calls, collecting rents, possibly even the accounting. Sometimes if you offer your house for sale on a rent-to-own, where you give the buyer a locked-in price, it's possible to get a better tenant and a little more money upfront. You could even sell on a contract-for-deed, which is selling the house, where that buyer would hope to refinance the house in as little as 12 months in many cases.
Before I had mentioned that it's important to know if you were upside down or don't have equity in the house. If you owe too much after you figure out both mortgages, new home values, the cost to list with an agent, and any vacancy and time left on the market, it may make sense to sell on a short sale. Selling on a short sale works best if you get started earlier in the process, and if you wait until there is less than 4 months left in redemption, it's going to be tough to get a short sale done due to the lack of time to negotiate and market the property. At the point when you are past the sheriff sale with a few months left, you have a couple of options. If your house sold for really cheap at the sheriff sale, meaning that there was a low bid, you could sell over the low-bid amount. If you find that it didn't have a low bid, you are over-financed and time has run out, there is an option even up until 3 days before the end of the redemption period. I know people that will pay you for your house and deed if you ever do decide to just walk-wway.
If you have equity in your house, you can always sell and list your house with a real estate agent, and I work with many that can help with that. Working on your credit right now or needing to get rid of your house due to your payment or lack of equity, could just be the result of the unfortunate situations that happened in your life. I do see them ever day, they are understandable and more common than you think. One of the top reasons is because of health issues and large medical bills, which has caused collections, charge-offs, or possibly even judgments in your name, or on your credit report, which may have got you for wage-garnishment in the past. Family situations often can creep up at unexpected times.
Think about all the family situations that can come at the wrong time. There is divorce, back child support, and sometimes there is an unfortunate death in the family, where someone may have unexpectedly inherited a house, and they have to go through probate or an estate sale, and attorney's bills will be quite large. Sometimes jobs don't work out in life like we'd hoped. A simple job transfer having us move out of state, a job loss ourselves, or a spouse's losing his/her job. Also unemployment isn't always easy to get and sometimes when you do get it, it runs out and ends. Anything can hold people back from really getting a place, tax liens from the past, repossessed cars, or just simply writing a few bad checks, or having worked with some tenants that didn't pay you. Whichever situation you find yourself in, trust that I have an affiliate that I work with every week that works with people in all situations. Please email me ron@minnesotainvestors.com or you can visit my website for more information http://www.ronorr.com. I am a real estate broker and have been around the business since 2002, so let me know how I can help.
Thanks,
Sincerely,
Ron Orr, Jr.
The following are situations to help you determine how to find your next property or work with your existing property. If you are looking to rent with first month's rent and a deposit. I know sometimes people want to try to do a rent-to-own if they have some option money and I understand that. The question is often asked if a contract-for-deed is possible and with a down payment of about $7500 or so it is a possibility.  I will tell you that based on people's situation I talk to from the past, it's likely that they have had a foreclosure or a bankruptcy in many cases.
Because of this I'd highly recommend a credit repair service because most things can be removed off of your credit and the truth is having a higher credit score is really what you are looking for later on to get financing on that rent to own or contract for deed property that the owner is financing today. Don't worry if your credit score is really low, even in the 400's, you'd be surprised what's possible these days. For example I just saw someone go from a 520 to 638 in 60+ days of credit repair. Of course that's a pretty good-case scenario, but the reason I bring it up is I run into so many people who think they have to wait 7 years to get a house again, and they just stop thinking of home ownership.
The truth is that you can get home-loan financing within 3 years from a foreclosure, short sale, deed-in-lieu or whatever may have happened to you. Some of you didn't have a foreclosure but rather a bankruptcy, well the way bankruptcy works on getting your next home loan is that you would need to wait 12 months into a Chapter 13 bankruptcy and 24 months from Chapter 7 discharge. I run into people a lot that think that staying may be a better option than actually getting another place, and if your credit is good then a refinance may be your best option. I do find that a lot of people owe a little too much on their home, so really depending on where they are as it relates to payments, if they are falling behind on payments they may want to try a short-refi which does have a principle reduction with qualifying for different loan terms.
If you get into foreclosure and you insist on staying you may end up needing assistance with your bank on a loan-modification. If you decide along the way that you need any help with home repairs whether you are staying or leaving, I know of some people that do home-repairs. If you decide you don't want to stay in the house, or that you just can't make it work with your bank, your option and decision may have you selling your house. In the case of selling, you will find yourself with many options, at first they may seem confusing, but let me go over them one by one. You will need to determine if you have equity in the house, if the payment will be affordable for the long-term, and if you are current or behind on payments. Those three factors are all very important in the decision making process. So if you have a little equity, and a reasonable payment for awhile, meaning no ARM's adjusting to be too much anytime soon, you may want to offer owner financing to a prospective tenant or buyer. You can rent-out your place there are renter placement services that can help and if you don't want to be a landlord than there are property management companies that, for a small monthly fee, can manage just about everything from the contractor calls, collecting rents, possibly even the accounting. Sometimes if you offer your house for sale on a rent-to-own, where you give the buyer a locked-in price, it's possible to get a better tenant and a little more money upfront. You could even sell on a contract-for-deed, which is selling the house, where that buyer would hope to refinance the house in as little as 12 months in many cases.
Before I had mentioned that it's important to know if you were upside down or don't have equity in the house. If you owe too much after you figure out both mortgages, new home values, the cost to list with an agent, and any vacancy and time left on the market, it may make sense to sell on a short sale. Selling on a short sale works best if you get started earlier in the process, and if you wait until there is less than 4 months left in redemption, it's going to be tough to get a short sale done due to the lack of time to negotiate and market the property. At the point when you are past the sheriff sale with a few months left, you have a couple of options. If your house sold for really cheap at the sheriff sale, meaning that there was a low bid, you could sell over the low-bid amount. If you find that it didn't have a low bid, you are over-financed and time has run out, there is an option even up until 3 days before the end of the redemption period. I know people that will pay you for your house and deed if you ever do decide to just walk-wway.
If you have equity in your house, you can always sell and list your house with a real estate agent, and I work with many that can help with that. Working on your credit right now or needing to get rid of your house due to your payment or lack of equity, could just be the result of the unfortunate situations that happened in your life. I do see them ever day, they are understandable and more common than you think. One of the top reasons is because of health issues and large medical bills, which has caused collections, charge-offs, or possibly even judgments in your name, or on your credit report, which may have got you for wage-garnishment in the past. Family situations often can creep up at unexpected times.
Think about all the family situations that can come at the wrong time. There is divorce, back child support, and sometimes there is an unfortunate death in the family, where someone may have unexpectedly inherited a house, and they have to go through probate or an estate sale, and attorney's bills will be quite large. Sometimes jobs don't work out in life like we'd hoped. A simple job transfer having us move out of state, a job loss ourselves, or a spouse's losing his/her job. Also unemployment isn't always easy to get and sometimes when you do get it, it runs out and ends. Anything can hold people back from really getting a place, tax liens from the past, repossessed cars, or just simply writing a few bad checks, or having worked with some tenants that didn't pay you. Whichever situation you find yourself in, trust that I have an affiliate that I work with every week that works with people in all situations. Please email me ron@minnesotainvestors.com or you can visit my website for more information http://www.ronorr.com. I am a real estate broker and have been around the business since 2002, so let me know how I can help.
Thanks,
Sincerely,
Ron Orr, Jr.
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