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All Forum Posts by: Andrew Lemmie

Andrew Lemmie has started 4 posts and replied 10 times.

Post: While using hard money

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

Matthew G - Nothing shady, I have heard of people walking away from closing with money and wanted to know how that happen? Where they doing something shady? Is that Illegal?

Post: While using hard money

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

While using hard money can a buyer walk away from the table with money? If the seller has agreed? Or will the hard money company have a problem with it? 

Post: St. Paul Duplex, 7 Bedrooms 4 bathrooms, vacant, 90% turnkey

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

Hello Nathan, Is property still available?

Post: Rent To Own - Saint Paul, MN

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

Hello Mr. Fang,

Is this property still available? Would like to speak to you more about this property if so.

Post: 1% RULE, Off market North Minneapolis MN SFR, needs minor repairs

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

Is this property still available?

Post: Seller finance contract

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

Thanks for the advice fellas!

Post: Seller finance contract

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

Did he ask for money down?

Post: Seller finance contract

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

I am looking to put together a offer to purchase a property doing seller finance. I have no experience with seller finance. 

I have spoken to the woman that owns the home and she seems interested but I'm not sure what my next step should be. I think I would just write up an offer then present it to her for negotiations.

Where do I get contracts? Would a generic contract work or should I talk to a lawyer? 

I live in MN, is there something I should consider or know about seller finance specific to MN?

Thanks!

Post: Loaning money to complete new construction

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

I buddy of mine has ask if I would be willing to invest $20,000 so that he can finish a new house he has been building. That house is near completion. 

If I choose to invest how do I protect my investment and are is there information I need to know to protect myself?

Post: Selling a duplex

Andrew LemmiePosted
  • Investor
  • Minneapolis, MN
  • Posts 10
  • Votes 1

I am looking to sell a Duplex and since I've never sold a property I wasn't sure how much taxes would be on the profits of the sale. I was thinking of paying off debt but didn't know what kind of hit I would take in regard to taxes.