55413 : Real Estate Advice

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Brandon LaTo…, Real Estate Pro in Minneapolis, MN
Brandon LaTourelle answered:
FHA wants to see my last 2 months bank statements. What exactly are they looking for??
The lender needs to verify any large deposits to ensue that you aren't borrowing the down payment funds as well as document the income that may be needed at closing.
0 votes Share Flag Mon Nov 17, 2014 Home Buying in 55413
Sandy Ericks…, Real Estate Pro in Roseville, MN
Sandy Erickson answered:
I own a duplex in N.E Mpls. and would like to sell it this spring or summer. From what have seen I'm not so sure this is a good time to sell
Give us a call! We'd love to get together and go over our services and take a look at the home. We can give you a market report of your property. Market really picks up end of Feb.

S ... more
0 votes Share Flag Fri Feb 7, 2014 Market Conditions in 55413
Claire Basti…, Real Estate Pro in Fridley, MN
Claire Bastien Sales Associate answered:
I'm looking to buy properties to flip in the MPLS Area. Did I miss the boat or is this still possible.
With the market still down by around 30% now is still a good time to invest. The market is definitely picking up, all sales are trending up and new construction is back on the move aft ... more
0 votes Share Flag Tue Feb 19, 2013 Home Buying in 55413
Thomas Simon…, Real Estate Pro in Edina, MN
Thomas Simonsen answered:
Can I buy a house in MA under my name only to avoid spouses current short sale/forclosure?
Adam: If your name does not appear on any of the mortgage documents then buying under your name should be no problem. If you did somehow manage to get your name on the docs then this ... more
0 votes Share Flag Mon Nov 19, 2012 Home Buying in 55413
Peter Boyle,  in Minneapolis, MN
Peter Boyle answered:
we make 4200/mo and spend most of that. we do get 1 or 2 overdraft fees every mo, but no bounced checks, will this affect us getting fha loan?
Although the overdrafts will need to be explained, if your credit scores and other qualifying characteristics support an automated approval, there could be a way to get your file approv ... more
0 votes Share Flag Tue May 3, 2011 Home Buying in 55413
marie,  in Minneapolis, MN
marie answered:
What is the trend in rents for a duplex in northeast Minneapolis near Broadway and University?
I'm a landlord right in that nook, and rents have been relatively stable for a couple of years. I don't see them going up in the next 2 years, but once the economy stabilizes people wi ... more
0 votes Share Flag Thu Jul 23, 2009 Market Conditions in 55413
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