Comments on: Anatomy of a North Minneapolis Rehab

By: Tim Grunditz

Tim Grunditz — Thu, 16 Dec 2010 15:00:20 +0000

Thanks. I have heard that some realtors can find property before it hits the market. Others say that this practice is illegal and only shady realtors do this. What’s your opinion?

By: Scott Ficek

Scott Ficek — Wed, 15 Dec 2010 19:02:27 +0000

I think finding agents that are selling homes in the area you want to work in helps. Give them your name and number. They can refer you to investors.

By: Tim Grunditz

Tim Grunditz — Fri, 10 Dec 2010 22:12:39 +0000

I am a building contractor. I just quoted work to be done @ 34xx Girard for an investor. I love helping investors renovate homes, but many of my investors invest in rental, and their cash flow is tied up in current properties. We did 30 houses this year for Fanie Mae and other investors, but I would like to do more. How would you suggest connecting with investors? Are there networks where investors look for licensed contractors?

By: Dax Dickson

Dax Dickson — Wed, 15 Apr 2009 04:56:33 +0000

I am glad to hear you are having such success in North Minneapolis. I am also glad to hear there is some one else doing construction rehab financing, residential blanket loans and doing it well! Just like you pointed out to Misty about how you add value as an investor cleaning up North Minneapolis, your LO adds value to us mortgage finance people by earning you continued business.

There are so many bad LO’s out there it is great to hear some one is doing such a great job for you!

Dax Dickson
612-578-9898

By: Leah

Leah — Fri, 06 Mar 2009 16:49:32 +0000

OK, maybe I’ll see you soon. We’re in the little blue house…next to the eyesores! Best Wishes!

By: Mn Properties

Mn Properties — Thu, 05 Mar 2009 20:32:18 +0000

What a great opportunity in North right now. We need more investors up there that will do it right and do it with the community in mind.

By: Scott Ficek

Scott Ficek — Thu, 05 Mar 2009 20:03:23 +0000

Thanks for the offer Leah-
We are still putting the tour together (we wait until the week of as many property move fast in North). I will see if we can stop by!

By: Leah

Leah — Thu, 05 Mar 2009 19:40:40 +0000

Thank you for your work in north Mpls. Please do come to my block – 3300 Dupont N! There are at least 3 in foreclosure right now, one is a TJ Waconia house. A great couple bought a rental across the street for $25,000 and the duplex next door is on the market for $40,000. Seriously, I would sleep better at night with these homes filled with nice renters and a great landlord like you.

By: Scott Ficek

Scott Ficek — Sun, 01 Mar 2009 15:57:10 +0000

Dax-
Thanks for the message. We use rehab financing through Rob Bonahoom at Cornerstone mortgage.

By: Dax Dickson

Dax Dickson — Sat, 28 Feb 2009 01:31:45 +0000

I am glad to hear about your success in North Minneapolis. I really thing there are huge chances for people to make money in North Minneapolis.

What are you doing for rehab financing? If you ever need help let me know. This type of mortgage finance is pretty much the only kind I do!

Dax Dickson
952-285-9992