Open House Search: Search Listed Houses

You can search our database of homes here at www.minnesotainvestors.com

Are you thinking of looking for a home?  Well I work with sellers who have properties and I know the kind of programs that are out there here in Minnesota and what it would take to qualify for each, so I’d like to give you a few examples below:

First we are going to determine what programs you could get based on past credit history, how much money you have to put down, and what your current credit score is.  Knowing those 3 things is usually enough to decide which programs you and can’t fit into.  For Example see below:  This is subject to change as the market and lenders qualifications change.

#1 Renter	#2 Rent to Own	#3 Contract for Deed	#4 FHA Financing	#5 New Construction
Under $1200/month Payment Min. 1st Mo. Rent + Deposit Under 600 Credit Score OK Had Bankruptcy last 24 mo. Had Foreclosure last 36 mo. Same job/type less 24 mo. Duplex/3plex/4plex Want Townhouse/Condo	$1200+ month Payment Less then 6% of Purchase Under 600 Credit Score OK Had Bankruptcy last 24 mo. Had Foreclosure last 36 mo. Same job/type less 24 mo. Want Duplex/3plex/4plex Want Townhouse/Condo	$1500+/month Payment 6%+ down of Purchase Price Under 600 Credit Score OK Had Bankruptcy last 24 mo. Had Foreclosure last 36 mo. Same job/type less 24 mo. 7.99% interest-only +tax/Ins. 12-36 month balloon	$1400-$1600/mo if Condo/T.H. $1700+/mo Payment-House 600+ Credit Score $365,000 Max Loan Amount 100% financing available NO Bankruptcy last 24 mo. NO Foreclosure last 36 mo. Same job/type last 24 mo.	Instant Equity Available $75,000+ F.T. family income 700+ Credit Score $25,000+ min. down payment (10% Line of credit, ask how) NO Bankruptcy last 24 mo+ NO Foreclosures last 36 mo+ Same job/type 24 months

It also helps for us to know about your current situation, are you behind in payments?  are you trying to sell a house? Are you coming from a rental situation?  These are all important factors as timing is a big factor as well as any previous homes you own whether you are current on payments or behind in payments makes a big difference on qualifying for your next property.  Below are some questions we may ask you about that.

 About your current home you own:

I need help refinancing my property
I need help to rent it out with an agency
I need help to sell on the MLS with an agent
I need help to sell it while in foreclosure  Now as an agent, questions I’ll ask you right up front is if you are under contract or working with another agent, I don’t want to get in the way if you are already working with another agent, so if you are not under contract selling your home or searching for your next home, we would have an agent available to assist you, and here is the info I would ask and give you.

MinnesotaInvestors.com, Inc. is a licensed real estate broker in the state of Minnesota,
and has provided a link for me to view MN agency disclosure.
We can only work with those NOT under contract with an agent/agency

Click to confirm you’re not under contract w/ agent

Check here if you are an agent Communication in today’s world is becoming increasingly more challenging to reach people by phone, so we would need multiple methods to reach you by phone, email, text, etc. So the more info you could provide the better.

*Name:
Cell:
Home:
Work:
Text #:
*Email:
*Confirm Email:

Best time to call your cell:
Best time to call your home:
Best time to call your work:
Best time to text you:
When do you check  email:

For your next property we want to ask you how many beds, bath, sq ft you want, as well as property style, where you want to live, what school district, when your available move-in date is, etc.

For your next property you want click on dropdown boxes:

Move-In Date January 1 January 15 February 1 February 15 March 1 March 15 April 1 April 15 May 1st May 15 June 1 June 15 July 1st July 15 August 1 August 15 September 1 September 15 October 1 October 15 November 1 November 15 December 1 December 15 Bedrooms 1 2 3 4 5 6 7 8 Bathrooms 1 2 3 4 5 Square Feet 500-700 700-900 900-1100 1100-1300 1300-1500 1500-1700 1700-1900 1900-2100 2100-2300 2300-2500 2500-3000 3000-3500 3500-4000 4000-4500 4500-5000 5000+ Property Style-Type 4plex Duplex Condo Townhouse End Unit Townhouse Mid Unit Single Family Single Family 2 Story Single Family Rambler Single Family Split Single Family Ranch Where to live County-Anoka County-Carver County-Dakota County-Hennepin County-Ramsey County-Scott County-Sherburne County-Washington County-Wright Albertville Andover Anoka Apple Valley Arden Hills Becker Bethel Big Lake Blaine Bloomington Braham Brooklyn Center Brooklyn Park Buffalo Burnsville Cambridge Centerville Champlin Chanhassen Chaska Chisago City Circle Pines Columbia Heights Coon Rapids Cocoran Cottage Grove Crystal Dayton Deephaven Delano Eagan East Bethel Eden Prairie Edina Elk River Excelsior Falcon Heights Farmington Forest Lake Fridley Golden Valley Greenfield Ham Lake Hanover Hastings Hopkins Howard Lake Hudson Hugo Independence Inver Grove Heights Isanti Jordan Lake Elmo Lake St. Croix Lakeland Lakeville Lauderdale Lexington Lino Lakes Little Canada Mahtomedi Maple Grove Maplewood Marine on St.Croix Mayer Medicine Lake Medina Mendota Heights Minneapolis Calhoun Minneaopolis North Minneapolis Camden Minneapolis Bryn Mawr Minneapolis NE Minneapolis SE Minneapolis SW Minneapolis U of M Minneapolis South Minneapolis Powderhorn Minnetonka Minnetrista Monticello Montrose Mound Moundsview New Brighton New Hope New Market New Prague Newport North Branch North Oaks Northfield Oakdale Oak Grove Orono Osseo Otsego Plymouth Princeton Prior Lake Ramsey Richfield Robbinsdale Rockford Rogers Rosemount Roseville Savage Shakopee Shorewood Spring Lake Park Spring Park St.Bonafacious St.Croix Beach St.Francis St.Louis Park St.Michael St.Anthony St.Paul Downtown St.Paul East St.Paul North St.Paul Park St.Paul South St.Paul West St.Paul Groveland St.Paul Highland Stillwater Tonka Bay Vadnais Heights Victoria Watertown Wayzazta White Bear Lake Winsted Woodbury Wyoming Zimmerman School District Anoka-Hennepin Apple Valley Becker Big Lake Bloomington Breckenridge Brooklyn Center Buffalo Burnsville Cambridge-Isanti Chaska Columbia Heights Cromwell/Wright Delano Eagan Eden Prairie Edina Elk River Farmington Forest Lake Fridley Hopkins Howard Lake Inver Grove Heights Jordan Lakeville Mahtomedi Maple Lake Maplewood Mendota Hts Minneapolis Minnetonka Monticello Mounds View New Brighton New Prague Area North St Paul Orono Osseo Princeton Prior Lake Richfield Robbinsdale Rockford Rosemount Roseville S. Washington Cnty Saint Croix Falls Shakopee South St. Paul Spring Lake Park St. Anthony St. Francis St. Louis Park St. Michael-Albertville St. Paul Stillwater Watertown-Mayer Waverly-Winsted Wayzata Webster West St. Paul Westonka White Bear Lake

It’s going to be very important that we get specific about your credit score, and recent bankruptcies and foreclosures, as all of that is important with trying to get a loan these days. We’ll need to check about the type of work you have been doing and for how long.  If your credit isn’t that good but you have a spouse, fiance’ or even a co-borrower than that’s something we can ask.

600+ CREDIT SCORE- FINANCING IS LIKELY AVAILABLE
Yes, I would like to pay for Credit Repair Services
YOUR CREDIT SCORE AND HISTORY
600 credit score 620 credit score 660 credit score 680 credit score	700 credit score 720 credit score 750 credit score 800 credit score	NO Foreclosure in past 36 months+ NO Bankruptcy in past 24 months+ Same “type” of work for 24 months+
BELOW 600 CREDIT SCORE-NO FINANCING AT THIS TIME Yes, I would like to pay for Credit Repair Services
YOUR CREDIT SCORE AND HISTORY Get your score now 450 credit score 500 credit score 550 credit score 575 credit score Months since Bankruptcy 1month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months 13 months 14 months 15 months 16 months 17 months 18 months 19 months 20 months 21 months 22 months 23 months Months since Foreclosure 1month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months 13 months 14 months 15 months 16 months 17 months 18 months 19 months 20 months 21 months 22 months 23 months 24 months 25 months 26 months 27 months 28 months 29 months 30 months 31 months 32 months 33 months 34 months 35 months Months last career change 1month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months 13 months 14 months 15 months 16 months 17 months 18 months 19 months 20 months 21 months 22 months 23 months  With 550-599 credit score we need to help you get to 600+ with credit repair. NO Foreclosure in past 36 mo. NO Bankruptcy in past 24 mo. Same “type” of work for 24 mo. CO-BORROWER’S CREDIT SCORE AND HISTORY 600  credit score 620  credit score 660  credit score 680  credit score 700  credit score 720+credit score Co-Borrower’s Income Yr. $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $105,000 $110,000 $115,000 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000 $155,000 $160,000 $165,000 $170,000 $175,000 $180,000 $185,000 $190,000 $195,000 $200,000 $200,000+ Months since Bankruptcy 1month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months 13 months 14 months 15 months 16 months 17 months 18 months 19 months 20 months 21 months 22 months 23 months Months since Foreclosure 1month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months 13 months 14 months 15 months 16 months 17 months 18 months 19 months 20 months 21 months 22 months 23 months 24 months 25 months 26 months 27 months 28 months 29 months 30 months 31 months 32 months 33 months 34 months 35 months Months last career change 1month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months 13 months 14 months 15 months 16 months 17 months 18 months 19 months 20 months 21 months 22 months 23 months NO Foreclosure in past 36 mo. NO Bankruptcy in past 24 mo. Same “type” of work for 24 mo.

We will provide you with a payment calculator on our website, and we would want to know your assets because the lenders will ask that. Things like stocks, savings, other houses, other assets, annual family income, things like that.

Please type 7% for FHA financing
Type 8% for Contract for Deed

 .

Annual Family Income $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $105,000 $110,000 $115,000 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000 $155,000 $160,000 $165,000 $170,000 $175,000 $180,000 $185,000 $190,000 $195,000 $200,000 $200,000+ Money Down for Move-In Rent No Deposit Rent + Deposit 100% Financing FHA 3% Rent to Own 3% Down FHA Financing 6% Contract for Deed 6% Down FHA Financing 10%+ Contract for Deed 10% Down FHA Financing

 

 

 

 

 

 

From there we’d like you to submit the form, if you are pretty sure you don’t have at least a 580+ score for example and not much money for a contract for deed, you may decide to be a renter.  Here are some questions we would ask all renters as the landlords will ask us.I have a deposit equal to 1st months rent

I am looking for a 6 month max lease
I am looking for a 12 month minimum lease
I am on Section 8
I will need a fence
I need handicap accessibility
I must have a washer and dryer
I have a dog
I have a cat
I am a smoker
I have been evicted in the past U/D
I have a criminal record
I would like to pay for credit repairIn addition to that, one last note, there is a nice new construction program available to those that qualify as talked about earlier.  Here are some of the details.Features:
-Turnkey New Construction
-Special Pre-Construction pricing allows for Instant Equity
-Special financing program allows for NO mortgage insurance even with  10% down payment
-Already rented with a 2-3 year lease and a rent to own agreement in place before construction begins
-Property will cash flow
-Many down payment alternatives available
-Down payments also allowed from having equity in a property, ask for details
-Many NW cities to choose fromInvestor Program:
We design the home around the tenant family’s needs and allow them to be involved in the material selection process.  We meet with the tenants first to design a win-win scenario for everyone.  This creates an emotional attachment to the home for that family.  Typically, in this situation, families will take better care of the property and you will have the best chance possible for the tenant to buy the property during the rent to own lease term.  Once we have the house designed and the numbers defined, we present you, as the investor, with the opportunity.

Features for the home to make it turn-key:
- 4BR/3BA two-story and 3BR/2BA split-entry homes
- Stainless steel appliances including microwave
- Custom oak hardwood floors in kitchen and dining room
- Cultured stone on front instead of brick
- Concrete driveway
- 3 car garage with opener
- Sprinkler system, full yard of sod, and landscaping
- Air conditioning
- Clothes washer and drying

Approximately $240,000 for a split-level
Approximately $260,000 for a rambler
Approximately $270,000 for a 2 story

Click to View Larger Photos

This entry was posted on Friday, May 23rd, 2008 at 12:25 pm and is filed under open house search. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.