All Forum Posts by: Suzanne Griffiths

We would recommend Alanna Warren at Legacy Title.  She is great to work with and the have several closing locations.

Hi @Brad Cornell I am an agent in the Twin Cities that works with investors.  I am an investor as well.

DocuSign is relatively inexpensive

@Jason Coyle let’s chat.  Please message or email me.

We have a great project that we are supposed to close on tomorrow in S Minneapolis.  Looking for a gap funder for $95,000 for 6-9 months, rate negotiable.

PP: $320k
Repairs: $153k
ARV: $615k

Looking for gap funds of $95,000

*We may have the option to extend for a week, but would need a firm commitment to be able to do so.

@Todd Dexheimer it was an awesome episode!  I so enjoyed hearing from someone in my market.  Looking forward to adding your podcast to my list. 

Initially it was finding more properties.  We were finding and funding about 4 deals a year without trouble.  We ramped up the marketing and made some changes.  Since September we have closed on 2 new projects, have 2 that we are supposed to close on Friday 12/29 and another on 1/15.  Now our challenge.  Funding.  We are just over 48 hours from closing on the two on Friday, we've got our first position money locked in and ready to go, now our gap funders are crickets.  It seems if we have one we don't have the other.  SUPER high anxiety trying to get these three wrapped up.  

We have two awesome properties that we are supposed to close on Friday, yes Friday  12/29 and we need to secure the gap for both of them.  In addition we have a new property under contract to close on 1/15, with the holidays our normal sources for funding won't look at it until after the first of the year so leaves us short on time.  Here are the summary details on the properties with the length of time we need funds.   All projects are located in the Twin Cities in MN. We are open to discussing terms, we have all the paperwork ready for your quick review:

Project #1: (closing 12/29)
PP: $320,000
Repairs: $155,000
ARV: $615,000
Looking for $95,000 for 6-9 months.

Project #2: (closing 12/29)
PP:$370,238
Repairs: $203,660
ARV: $720,000
Looking for $120,000 for 6-9 months

Project #3: (closing 1/15)
PP: $203,000
Repairs: $84,371
ARV: $365,000
Looking for $290,000 total in 1st and 2nd position or if you are interested in fully funding.

Please see attached for one page summaries, full investor packages are available upon request.

Asking $40,000

Rare vacant property available in St Paul MN.  Lot located in East St Paul on the border of Maplewood and Oakdale.  Close proximity to 3M, easy access to I-94 and Hwy 61 and cute and quiet neighborhood.

Previous structure has been recently removed and lot is freshly graded.  Utilities are already to the lot and ready for connection.

Cash buyers preferred, quick close available, buyer to pay closing costs.

We own this property, no daisy chaining or advertising without our express permission.

@John Woodrich I will definitely purchase the furniture and stage it ourselves for the cost of it.  We didn't have to on our Chanhassen project as it sold before we were done.  We just picked up a new project in St Paul so looking forward to doing that one.  Negotiating a new one in Richfield, the have a new build in Mahtomedi.  If our scheduling works out we could just move the furniture from one to the next.