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General Area in Minneapolis : Real Estate Advice

  • All610
  • Local Info42
  • Home Buying267
  • Home Selling50
  • Market Conditions17

Activity 19
Mon May 23, 2016
Chris Peltier answered:
does he own this property?
0 votes 1 answer Share Flag
Fri Sep 4, 2015
Josh Lund answered:
Hello danielle.stallings1012,
Good morning.

Are you still in the market of buying a home, then flipping it? If so, I would love to see if we can help you out. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
... more
0 votes 2 answers Share Flag
Fri Jun 26, 2015
Josh Lund answered:
Hello Ben,

Stadiums bring people, people bring demand. Demand makes prices go up! Housing is booming in Minneapolis right now. Here is another example, right by the MN TWINS stadium is going to be T3.

If you need help with a realtor we have preferred ones on our team, if you need mortgage info, we would be glad to see if we can help.

Thanks much,
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
Apply now at:
“Like” my professional page on facebook at
... more
0 votes 5 answers Share Flag
Fri Jun 19, 2015
Josh Lund answered:
Hello "Konrad" I am the Branch Manager at Goldstar Mortgage in Minneapolis by the Twins stadium. Id be happy to see if we can make this a very easy process.
We use Canada credit all the time. No problem there.
Self employed. No problem there.

One question. Do you file USA tax returns at all?
Just curious? ( would make it much easier)

Please reach out to me at:
Josh Lund
Branch Manager
Gold Star Mortgage Financial Group
333 Washington Ave N Suite # 101
Minneapolis, MN 55401
Office # 952 884 5442
... more
0 votes 1 answer Share Flag
Wed Oct 22, 2014
Avery Griffin answered:
Here is a link to a website that has lots of information regarding statistics in Minneapolis. ( If you are looking to buy a home feel free to contact me and we can specialize a home search that fits your needs. ... more
0 votes 1 answer Share Flag
Mon Oct 21, 2013
Nene Matey-Keke answered:

You might be interested in the Western Suburbs. You can read a little bit about Hopkins here:

If you have any questions let me know!
0 votes 9 answers Share Flag
Wed Sep 4, 2013
Cameron Piper answered:
Kit Kat,

I would also be happy to help you with your search. I would encourage you to look through the answers of the many agents that have posted here by looking at their voices activity on their profile. You want to find an agent who is willing to devote their time to teaching you and others about the real estate market. Find an agent who seems to answer questions the same way that you think and one who seems to be interested in helping people and not just trolling for business.

Cameron Piper
Keller Williams Premier Realty
... more
0 votes 7 answers Share Flag
Fri Aug 2, 2013
stal9901 answered:
Before I bought my house in Shingle Creek (and any other neighborhood in which I considered purchasing) I spoke to the neighbors in addition to checking crime stats. Crime stats only tell part of the story. I have lived in the neighborhood for four years now and it's great. Too bad I'm just seeing this now. Maybe you are a neighbor down the block. ... more
0 votes 5 answers Share Flag
Sat Dec 15, 2012
Stephanie Gruver answered:
Hi Mitch! I would suggest you check out Craig's List to see what is going on for rents in the areas you are considering a purchase. I have owned a duplex rental property in Minneapolis since 2003, and Craig's List has been a great source of rental rate info and tenants.

I learned a lot about being a landlord prior to ever becoming a license real estate agent. I would also suggest you check out the City of Minneapolis website for information on the City's rental inspection and licensing process, vacant building registration fees, special assessments, "conversion" fees for buying previously homesteaded property and "converting" them to full rental status (this fee was $1,000 a year or so ago - that may have changed) and if you haven't ever owned rental property before - consider taking some classes.

Here is a link to the City's website:
Under the "most requested" tab on the front page of the City's website, you'll find a link to Property Information that is very helpful in researching specific properties. Good luck in your search!

Stephanie Gruver, RE/MAX Results
... more
0 votes 8 answers Share Flag
Sat Dec 11, 2010
Patti Ann Kasper answered:
Marine on St Croix near the Twin Cities and Lake Vermillion way up north.
0 votes 8 answers Share Flag
Tue Nov 23, 2010
Susan McArdle, GRI, CRES answered:
Uptown. In fact, check on 2321 Emerson #107, it is a great location. Close to lakes, coffee shops, restaurants and galleries + nite life.
Also now offered for rent @ $1200 mo.
Susan mcardle cbburnet
... more
0 votes 11 answers Share Flag
Sun Jun 20, 2010
Jim Mason answered:
NE Mpls (Holland, Sheridan, Marshall Terraces, Water Park, St Anthony) would all fall into this category. Built around 1900 for river, mill, factory wrkers, the houses tend to be large and a good chunk of their older occupants have moved on in the past 20 years. Lot's of artists and people willing to put some work into their houses moving here.

Webber/Camden & Victory, Lind-Bohannon on the "infamous" North Side. Many fine houses and neighborhoods overe here at good prices because the address has a "N" in front of it instead of a "S". N Mpls is bad, no doubt about it but a general rule of thumb is...if the house is higher than 40th St N it's ok.

E Nokomis/Wenona/Keywadin/Morris Park are actually in kind of a decline but I see a lot of value here. Big houses, good prices, nice neighboprhoods, close to the lake and falls. Drawback is airport noise.
... more
1 vote 7 answers Share Flag
Sat Jun 19, 2010
Stieg Strand answered:

I think that all the responses make sense. It would be best when you come to town that your agent take you to preview a house or two in several different neighborhoods. In my experience with out of town buyers, there is a great likelihood that you will end up desiring an area that you didn't consider. Choose an agent that will take their time with you, so that your choice brings you long term satisfaction and comfort.

Blessed to Serve,
Stieg Strand
... more
0 votes 15 answers Share Flag
Wed May 26, 2010
Susan Hofflander answered:
Again, protected information to talk about "family status" (I know, seems ridiculous, but the Feds watch us carefully for what we say about any of the protected classes!).

I wouldn't disagree with some agents that Nokomis and Hiawatha are "affordable", but it SOOOOO depends on your particular financial situation to determine what affordable is for you.

As for experiencing rise in values, that's happening in many areas of Mpls. I still say SW Mpls is the best bang for your buck. If you find a bargain down there, you'll stand the best chance of recovering the sweat equity you put in to it over the years when you go to sell. Does that help?
... more
0 votes 6 answers Share Flag
Thu Jan 21, 2010
CCC answered:
Hi, currently I live Downtown Minneapolis, but in that price range and close to your workplace, if I were you I would like Stillwater (love to see 4th of July fireworks across the river) or Woodbury.

I leved in Woodbuty for about a year 8 years ago, and now is so big. Close to Downtown Saint Paul, freeways. Well... if I could move, a home on the river!

Welcome to Minnesota.

... more
0 votes 6 answers Share Flag
Tue Oct 20, 2009
Charles Dailey answered:
Another variable that will determine whether one can pass the 14,900 vs. 149,000 test is financing. Particulary, what financing the buyers are going to use to purchase that home. The preferred one in this market would be FHA because if a person is selling to a person (rather than a bank to a person), HUD won't want to see any bank owned comps in the appraisal according to 4150.2 4-6 section 6. This isn't to say that an appraiser can't use bank owned comps but it should be of last resort. Consequently, it is easier for a house to appraise FHA in north minneapolis vs. conventional.

Often times on a conventional loan, the bank will order a HVCC compliant appraisal through some lottery, have no contact with the appraiser and get a report back full of bank owned sales AKA distressed sales. And there's nothing that lender can do about it but decline the loan. Pretty lame.

Worst of all is conventional insured loans. In this case, not only does the loan need to pass the test of a conventional appraisal but it also needs to pass the underwriting of mortgage insurance companies. Sure they have advertised policies on their guidelines and which zip codes are declining markets (when a home is in a declining market, usually a mortgage insurance company reduces the amount that can be financed by 5%) but I swear, . . after watching this for the last two years, you'd think they were redlining in north minneapolis and camden.

These realtors below are telling you that one can pass the 14,900 vs. 149,000 home sale test and they are right. You can. I'm just suggesting that you be careful what type of financing you accept when you do sell your home because it will affect the certainty of close.

Good luck Colin!
... more
0 votes 5 answers Share Flag
Thu Jan 3, 2008
Jeanie Hoholik answered:
Try It's an interactive website. You'll find it very user friendly. There is a slight cost, but it's effective. Have fun this summer!
0 votes 6 answers Share Flag
Sun Sep 30, 2007
Angela Niece answered:
If you are talking about Park in Minneapolis, it still seems to be selling which means that it may be holding its own. e-mail me if you would like me to give you more specific answers on buying in the area or selling in the area. ... more
0 votes 2 answers Share Flag
Mon Jul 23, 2007
Lane Hansen answered:
I also has access to all currently listed properties in the entire Twin Cities metropolitan area including condominiums, town homes, foreclosures, single-family homes, apartment buildings, investment properties, land & lots, commercial properties and waterfront properties. ... more
0 votes 9 answers Share Flag
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