All Forum Posts by: Joseph Tramonte

I would stay away from associations if you are a serious investor. The cost is not worth it and you are not in control. Look what happened in the downturn of 2007- 2011.When someone got foreclosed on, that person was not paying association dues until the bank took over. The association needed to absorb all the defaults . Stick with multifamily and s/f homes. I know of a possible private sale of a cash flowing duplex in the first rung suburb of Minneapolis that you may be interested in.

Derek, I'm also from Minneapolis , Jenn makes some good points. The biggest item I feel to consider is when you own property out of state is you do not have the luxuary of driving by and doing even the small prevantitive maintenance items that will turn into costly repairs . Your management company is not going to do this. They are only going to send out a repairman after the item is broke . Good Luck

I like to do my own painting also, but it depends on your budget and timeline to get a renter in there.

Hi does anyone have experience buying properties at auctions, specifically Auctions.com?

The title work process looks risky.

Thanks, Joe

I'm a buy, rehab and hold investor in the Twin Cities. My primary interest is in the Richfield, Bloomington area and South of the River.

I do have some wholesale deals available a few times a year. Looking to network, with buyers, sellers and Landlords. Please feel free to contact me.

Thanks, Joe