All Forum Posts by: David Huynh

What part of Minneapolis is this in? That sounds way over priced.

I honestly wouldn't touch that deal. I'm in a very similar situation with numbers and having the seller finance the property. It does not matter how you run the numbers or what percent you have down, or XYZ. No matter how you play it, it isn't even a deal.

In my opinion and from my personal experience (I may be wrong)- I think you are intrigued that there is a possible deal with seller financing. That's what really got me married into the deal and I had to wake myself up and say "There is no deal here."

Great work on providing the numbers in detail though :)

Hi Sarah,

Congrats on joining BP and look forward to hearing some of the deals and issues, cause they always come with it, that you run into :). Feel free anytime to ping me a message if you have questions on deals, need feedback, etc. I'm a B&H investor and I'm sure that's that area that you are seeking some assistance with. 

Hey everyone,

Another day, another deal (to analyze)! :)

I'm intersted in getting feedback from investors in the Twin Cities, Minneapolis, St. Paul, area - specifically 35 and 5, southwest of downtown St. Paul. I'm working on a non-mls deal there and wanted to know...

• How is the area?
• Is it an upcoming neighborhood?
• What is the crime rate right there?

I know I can go drive there, look up the school systems, check crime, and etc.. but I want to hear from *you* guys - How do you like investing there? 

Oh, and what are market rents for a true 4plex (split, up/down). 

Wow, nice deal. Why wouldn't you just keep it? You are getting a 2% rule in the cities.

Hey guys,

Anyone feel and/or invest in Northeast? Anyone want to post some quick success stories on here about the Twin Cities? 

IE - for those of you who invested in Midway before the light rail went in,

For those of you who invested in NE Minneapolis. 

Etc...

I'd like to hear/see more thoughts on Minnesota/Minneapolis in general.

What are some neighborhoods that you think will elevate in price and continue to elevate?

Not all investors are the same. I didn't think that the word crappy would offend you so much. Or I should probably rephrase that and say I didn't think this would be a continuing conversation. On a separate note, we have a verbal agreement, the deal is a go at 235k.

hahaa, that's a good one. I actually laughed out loud.

Bruce, thanks for the additional input. You are correct, I invest mostly on the Wisconsin side now and run conservative numbers. As everyone knows, the ROI/CAP are higher there but the appreciate and vacancies are different. I'm going to buzz the seller and let him know I want it. My biggest fear, is the additional headache with the tenants of buying in what I define as a less desirable neighborhood.

My properties in the Twin cities (reflecting now) have never had a vacancy for more than 2-3 days.

I'm fully support Rex, list it in Spring and you will have a higher probability of offers and folks bidding on your home. It depends on weather at the same time and it is currently (warm today!), people will be out and about to shop. June IS great due to the fact that kids are out of school and people can move/remove them, but that doesn't meant you can't list in April and close in summer. 

If it has risen a value that you are satisfied with, make the decision. You can always change it later.