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Hot Properties
Because of the volume of investment property transactions our team does, we are regularly being contacted by builders, individual homeowners, and random sellers looking to sell their properties. Often times, these properties are rented out, at significant discounts, or they have a compelling "reason" investors would be interested. On this page of our website, we are continually updating and making changes with these new opportunities that we are presented. Feel free to come back and check out this page as often as you like! These opportunities will be changing frequently. We are here to bring you outstanding opportunities!
1. Hot Markets Team presents…Single Family Homes in Weatherford, Texas , a booming suburb outside of the Dallas-Fort Worth market with high rental demand
- Home Specifications and Key Features:
- Price points starting in the high $140s (very competitive) and appraisals around $166k+
- 3 & 4 bedroom designs with 2 car garages
- 1,750+ finished square feet
- Amenities include brick and stucco exterior, appliances included, high end granite counters, custom cabinets, large tile flooring in kitchen and baths, full sod and landscaping with sprinkler system, 50 gallon water heater, Low E windows, nickel finish hardware, garage door opener and much more
- Rental demand in the area is high and rents are averaging $0.75/square foot, which puts rents at $1,200 to $1,400/month, which cannot be found in the Twin Cities at these price points.
- Everything that an investor appreciates in real estate investing:
- High Growth Market– Dallas/Fort Worth area and surrounding suburbs are expected to have among the highest growth rates in the nation. It’s one of the fastest growing counties in Texas.
- Ability to Cash Flow– Great ratios between purchase price and rental rates, which means some of the best cash flow in the country
- Easy to Manage- New construction means no deferred maintenance! Plus local property management and a great area rental market make this a strong candidate for anyone’s portfolio! Truly a great turnkey investment for the hands-off investor!
- Little Upfront Cash Required- One time close financing with 90% LTV with Full Doc client. This means an investor could buy with NO DOWN PAYMENT because 10% equity is already in the property. The investor will need a deposit to hold the unit and additional funds for closing costs.
Contact Greg Bohnsack at (612) 308-8459 or Greg@MNRealEstateTeam.com for more information. 2. We have an exciting new opportunity to share with you! We have a number of brand new condo units, deeply discounted, for sale in St. Pauls Highland Park! These units are brand new, just past sheetrock stage, and can be finished within 30-60 days. It is a 24 unit building, with a great location close to shopping, recreation, public transportation. They are beautifully done. 12 have been sold in the past three years at market value; all have closed and are occupied. Two units have separate, private entrances along with the main hallway entrance. All units come with a heated underground parking stall, in-unit washer/dryer hookups, forced air furnace. There is a shared outdoor terrace. The builder is offering our group a special 10% off of the current market value, 3 years of association dues covered ($8568 value), and an additional 2nd stall in the heated underground parking garage ($13,000 value). Prices start as low as $238,000 after discount. A same-size, similar unit sold for $259,900 in May of 2004!! Current rents in this part of St. Paul are strong. There is a very strong young-adult rental market here, with there being four major colleges: St. Thomas, St. Kates, Macalester, Hamline. This could be a great opportunity to get involved at a great price on a brand new unit. For further information, contact the agent on The Minnesota Real Estate Team that you are currently working with. If you are not currently working with an agent, please contact Adam Maas at Adam@MnRealEstateTeam.com.
3. Interested in buying HUD or Foreclosed properties to fix/repair? There are many units available throughout the twin cities and some need very little work. Some units may be in need of some work, but with a little sweat equity, you can obtain a nice profit! Call Kevin Spaeth @ 651-303-9090 or email him at KevinS@MnRealEstateTeam.com for list of such homes.
4. Award winning local builder, Paul Hanzel Homes, with dedication to quality and craftsmanship has three parade models now available for immediate possession. All homes are 15 minutes from Lakeville.
A. Three Bedroom, three Bath, Modified 2 story. Great room has vaulted ceilings, entertainment center built-ins, and gas fireplace. Hardwood floors, center island, custom cabinets and walk-in pantry in kitchen. Awesome floor plan with 3 bedrooms on same level. 3 car garage. Lots of upgrades in this one, available thousands under market value. $298,000.
B. Four bedroom, three bath, three level home. Open floor plan, 3 finished levels, vaulted ceilings on mail floor, directly across from new elementary school. 6 panel doors, upgraded flooring, owners suite has large walk-in closet and its own bath. 3 car garage. $274,300.
C. Four Bedroom, Three bath rambler. This is the most amazing contemporary home! It has 9 ft ceilings on main level, 10 ft in living room, surround sound thru main level. Gorgeous hardwood floors with Brazilian cherry, maple and red birch. Custom poplar cabinets, center island, laundry on main floor. Lower level has 2 bedrooms, hobby room, and a family room complete with gas fireplace and wet bar. 3 car garage. $417,700.
5. ****Cash-Flowing Brainerd Area Tri-Plex**** If you are interested in this great investment opportunity please email Rob Reinke at Rob@MnRealEstateTeam.com or call him directly at 763-242-6303. We have a fellow investor that is selling his 2004 built Tri-plex in Brainerd. This property makes for an ideal investment for someone who might already spend a lot of time up in the Brainerd Lakes area at a cabin or vacationing. If you are already going up there for recreation, why not use it as a tax write-off every time you go...?? It is near the college Central Lakes College, across the Mississippi River from the high school, park located across the street. Downtown 4-5 blocks away. All three units are 3 Br, 1Ba with a 2 car garage. All three units are rented. One unit is rented at $800/month and the lease expires 7/1/07. The other unit is rented at $950 and expires 8/1/07. And the third is at $800 and it is a new one year lease. The tenants pay all of their own utilities. These are rambler style units that walkout onto a concrete patio. Each unit is about 1250 square feet. This Tri-plex was appraised for $360,000 when it was built in 2004 and had another appraisal January 2006 that came in at $380,000. The price for the property is $349,900. The seller is a Vice President with Tradition Mortgage and so the buyer’s closing costs would be reduced to the bare minimum if his company is used for the financing. The property will cash flow with these rents and the financing numbers that show that this property WILL CASH FLOW are as follows
Income:
1) $950/mo (unit #1)
2) $800/mo (unit #2)
3) $800/mo (unit #3)
4) $125/mo (Laundry)
Total of $2675/month
Mortgage and expenses:
1) 20% Down
a) 1st mortgage = $1454/month
b) Taxes = $372/month
c) Insurance = $89/month
d) Brainerd Public Utility = $110/month
Total of $2025/month
2) 10% Down
a) 1st mortgage = $1454/month
b) 2nd mortgage = $269/month
c) Taxes = $372/month
d) Insurance = $89/month
e) Brainerd Public Utility = $110/month
Total of $2294/month
3) 5% Down
a) 1st mortgage = $1454/month
b) 2nd mortgage = $404/month
c) Taxes = $372/month
d) Insurance = $89/month
e) Brainerd Public Utility = $110/month
Total of $2429/month
6. St. Cloud- Side by Side Duplex..!! This property is in EXCELLENT condition with each side renting for $750. They are both identical units each having 2br/1ba, 1100 sq/ft, with many updates and new features including new carpet, paint, plumbing fixtures, appliances, etc. This is a 1978 built split level style side-by-side with new metal siding, roof, windows & large yards. I have a flyer on the property that is available to be sent to you via email. Please contact Rob Reinke directly about this property at 763-242-6303 or Rob@MnRealEstateTeam.com
7. YEAR-ROUND LAKE HOME & GUEST HOUSE West Central Minnesota year-round lake home with a separate guest home on Ottertail Lake, one of Minnesota’s most popular walleye lakes. This property is about 2 ½ hours from Maple Grove up Hwy 94. About 50 minutes from Alexandria. THIS IS A NON-MLS PROPERTY.
- This was originally a small cabin that was completely taken down to the foundation and rebuilt into a full year-round one-level home, only two steps into the home. It has 3 bedrooms 2 baths in the main house with all doorways and hallways handicapped sizing (at least 36 inches wide) and has approximately 1875 sq/ft on the main level. There is a Jacuzzi whirlpool and a separate shower set-up in the main bathroom. Everything is new in the property since about 2000 including all mechanicals, double 40 gallon hot water heaters, well, etc. There is not a full basement but rather a plenty large crawl space below where the mechanicals are located. The well and water heaters are in a separate room below with a surrounding foundation that is tall enough to stand in.
- The guest house is completely separate behind the main house with its own well and mechanicals. It has one bedroom and bathroom, a small area that could eventually be turned into a dinette area, and a living room.
- The property has a single car, insulated garage as well as an additional three fourths acre lot across the service road from the property which would be ideal for a large pole building. It is currently used to store boats, trailers, etc. This one service road is the only road leading down to the end of the road, so the only traffic is from home owners that live down this road.
- The property sits on a 60ft lake lot and comes with a 1989 17ft Alumacraft fishing/ski boat with a 90 HP Evinrude motor. Also included are a 3 year old 60 foot aluminum sectional dock with cedar decking and an additional L-shaped end unit for sunbathing, aluminum steps down into the water, and a 2500 lb aluminum boat lift with an electronic motor for lifting the boat out of the water.
The asking price of this property is $595,000 with others in this area selling for much more. Please contact Rob Reinke directly at 763-242-6303 or Rob@MnRealEstateTeam.com
8. (Two) FULLY RENTED DUPLEXES An investor has 2 side by side duplexes in So. St. Paul that she is need of selling. The duplexes are right next to each other and the investor is interested in selling BOTH of them as a package with a 4 unit garage. One duplex is a 2br/1ba on both sides with walkout basements and is priced at $265,000. The other is 2br/1ba and 3br/1ba units, also with walkout basements priced at $272,000. All units are fully rented with Section 8 tenants ( Guaranteed rent ) The investor is willing to look at all offers on these if put together as a package. Please contact Rob Reinke directly about this property at 763-242-6303 or Rob@MnRealEstateTeam.com
9. Bal Harbour in Largo, Florida
Looking for an opportunity for appreciation in an emerging market? We have a terrific property with prices in the low 100s to upper 100s. This project is located just north of St. Petersburg and just south of Clearwater next to the two top rated beaches in the USA. The Tampa Bay area is slated to produce approximately 60,000 new jobs in the next 24 months in such fields as technology, communications and health fields. This area also boasts high occupancy rates overall and a strong rental market with steady appreciation even with the markets recent roller-coaster ride. Bal Harbour is easy to reach located between two of the three main causeways
to the mainland and downtown Tampa.
All units are fully upgraded and just won this year’s Parade of Homes Award for its amenities. Inside the units features new paint & carpeting, new wood cabinetry, marble countertops and stainless fixtures and appliances throughout the kitchen and bath(s). The grounds are located surrounding a beautiful seven-acre stocked lake with walking bridge and fishing dock. The property also features a full fitness gym, resort-style pool with cabanas & clubhouse and a nine-hole putting green.
There are one and two bedrooms available with one or two baths. There are four floor plans to choose from. Rents will range from $720 - $1200/month based on floor plan and view. For more info, contact Alex@MnRealEstateTeam.com
10. Rest Easy, You’re Renting to Grandma! - SummerCrest in Brooklyn Park
XXXX 85th Avenue North, Brooklyn Park, MN 55443
SummerCrest is a 59 unit 55+ independent living senior community. Nestled a golf ball's drive away from Edinburgh Golf Course in Brooklyn Park, SummerCrest offers active seniors a full selection of exceptional amenities (all appliances including washer and dryer.)
Only ten units are being offered to investors. The remaining units will remain owner occupied. Construction is complete and more than 60% of the units are currently occupied. This investment offering includes significant discount from the MLS and Guaranteed rent for 18 months at $1,800 per month from INH Properties.
Amenities include:
- Fitness center, craft room, library, community room for special events, guest suite, woodworking shop, billiards room, business center, community manager, underground heated parking with car wash bay, secure building
11. New Construction: Outstanding Value for SFHomes in Northern Suburbs!
We are currently offering single family home investment properties in the low $200’s in both Hanover and Otsego. These are 1200+ FSF split entry homes designed to be turn-key for investors.
- Full yard of sod and trees per city, three car garage, central AC, all appliances including washer and dryer, custom oak cabinets and trim, vaulted ceilings, options to finish lower level family room, three bedrooms with two bathrooms, plus room to add more
These homes are built by Baune Construction and Minks Custom Homes. Both builders have been building homes for more than 10 years and have a commitment to quality. They are dedicated to customer service and take warranty repair issues very seriously. The comparable sales in our market analysis are 40K plus or higher than what we can build for you with high quality new construction. We have expertise in this market to help you acquire profitable “rent to own” candidates quickly for your investment! For more info, contact Greg@MnRealEstateTeam.com
12. Woodbury Phenominal Retail Buyer Opportunity! Purchase Dream Home!
Single Family homes in Woodbury
There are four beautiful homes finished plus five more ready to be rolled out very soon. These are all discounted 15% (over $100,000 on some homes) to the buyer off the MLS price. We must sell three in order to get that discount! Here are the specifics on the homes:
- MLS 490k-685K = purchase price 416K-582k
- 4000-5000 SF+
- 4-6 BR
- 3-4 BA
- 3 car garage
All the finishings you find in a home like this: granite, custom cabinets, etc.
Pond views, executive neighborhood. For more info, contact Erik@MnRealEstateTeam.com
13. We have an investor that is need of selling his home in St. Michael. It is a 1998 Modified 2-story home. 4br/3ba, 2400+ sq/ft. Carpet, paint, roof, gutters & siding all recently replaced. There is a rainbow style play set in the back yard with privacy behind with no houses. There is a new 1 year lease at $1495/month. It is priced at $260,000. Please call Rob Reinke @ 763-242-6303 or email to Rob@MnRealEstateTeam.com for further information or to see the property.
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