COVID-19 brought so much uncertainty and it left many real estate investors waiting on the sidelines for the right deal. Sean and Kevin are here this week to talk about the Minnesota housing market and how this is the best time to buy properties. In the last few months, we have been able to finance so many deals in Minnesota, most of which were no money down deals. These deals that our borrowers are finding are so strong, we can cover the purchase price, the repairs, and the closing costs, because we lend up to 70% of the ARV. In Minnesota, closed sales are up 10%, as well as the median price up over $300,000 or 9%, and the days a house is on the market have gone down significantly. This is the best time to buy and invest in real estate in Minnesota!
If you are ever unsure of an investment property or need us to run some numbers on your deal, please do not hesitate to reach out to us
at www.PineFinancialGroup.com or give us a call at 612-314-5626.