I know something is going on about our local marketplace when portfolio buyers come in to visit with us regarding buying as much inventory as possible in the Minneapolis, St. Paul area.
This month alone, I've personally met with several buyers with the capability of acquiring approximately $50 million dollars of real estate within the Twin Cities marketplace. The problem is simple, not enough inventory to acquire in the short timeline these investors wish to acquire their real estate portfolio's.
These investors are looking to acquire single and multi-family homes in the Cities from distressed entry level homes to executive lakehomes; as long as the properties fit their business models.
Here's is what we're looking for:
Single and Multi-Family homes in need of repair 100K-1.0M
Apartment buildings 500-2.0M Cap Rate minimums
Curb ready New Construction Developments and or groups of lots for our Builders Pool in the Twin Cities.
Should you have the means of getting our investors connected for any of the above; let me know and you can be assured we'll take care of you :)
2012 is the launching pad to normalcy!
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