minneapolis real estate: Foreclosure Opportunities in Minneapolis
- 02/16/09 07:24 AM
They are all over the place and banks are dealing. For investors with cash or the ability to get conventional or hard money loans, some serious opportunities exist. Here is one example of a fantastic opportunity for an investor. Three condominiums in a converted five-plex are available. Currently priced in the $35,000 - $55,000 range....but they aren't moving. Because of lack of revenue from association dues, the association is dysfunctional too! Banks are paying every month to maintain these properties, not to mention lost interest and use of what capital remains. But, if an investor came in and the banks allowed … (0 comments)
minneapolis real estate: Latest Minneapolis Area Home Statistics - Week of 3/10/08
- 03/12/08 07:39 AM
The Twin Cities housing market still continues to see some continued pressure. Latest statistics are still tough...but there is some good news regarding home buyers in the Twin Cities area. I'll get to that in a minute, but first, here are some of the statistics: Average Days on Market: February 2008 - 165 Days (2/07 was 147 days) Pending Sales: February 2008 - 680 (2/07 was 715) New Listings: February 2008 - 2014 (2/07 was 1936) Active Listings for Sale: February 2008 - 30,112 (2/07 was 26,348) Percent of Original List Price Received: 91.1% All of these items above paint an unfavorable picture for the homeseller...but wait...here is … (0 comments)
They are all over the place and banks are dealing. For investors with cash or the ability to get conventional or hard money loans, some serious opportunities exist.;)
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