Hello Dave, I know of an 8 unit in Minneapolis that may still be available. I inspected it for one of our investors and he decided against it. I've been in contact with the seller and might be able to introduce you if you're interested.
@Jeremy Barth Very cool. They have been slowly building up equity over the last years. Once I close on the 12 unit in a few weeks and becomes stable; I'm planning on cash-out refi or a heloc on both duplexes to go after another multi this year.
I work in Golden Valley and live in Chaska so if you ever want to meet up at talk properties, let me know.
Have you seen much available in your apartment searching? MSP is a great market due to our low vacancy rates, great employers, decent transportation infrastructure, and multiple colleges.
@Dave Crussel Right on man. I live out of state, but I'm back every so often.
I'm just getting back into the game again, so I'm just getting started in my search. @Dan Coleman has been helping me out searching remotely. Nothing yet.
My name is Melissa and I am with Vanderbilt Commercial Lending located in Northern California. We have several programs available for just such an offering as you mentioned above. We'd love the chance to help with financing the project. We can often have funds in hand in 30 days or less. Our President has 30 plus years in commercial lending. We pride ourselves on getting to know our customers and so we feel we offer the best loan experience in the industry. We'd love the chance to show you. Please keep us in mind when the time comes. Thank You for your time'
Hello Dave, I know of an 8 unit in Minneapolis that may still be available. I inspected it for one of our investors and he decided against it. I've been in contact with the seller and might be able to introduce you if you're interested.