New Construction Investment Property

Some are calling our local Twin Cities real estate market the “perfect storm” for real estate investors. Prices are low, rents are increasing, and interest rates are low. In this blog entry, we wanted to share a great opportunity for real estate investors offered by agents Rob Reinke and John Tschida on The Minnesota Real Estate Team.

New Construction, Pre-Rented Before The Home is Built

We have a great opportunity for investors looking for that “turn-key” type of property. As we know, it’s a buyer’s market right now and one of the best we’ve seen.

Do you want to know that your property is rented before you buy?
Do you want very low or zero maintenance hassles with your property?
Do you want to have a pre-signed lease option agreement with a down payment before we sign any paperwork? We have the answer for you!

We are finalizing plans with several qualified tenant families for new investment properties located in the northwest metro area of the Twin Cities. We will build a new construction home that meets the needs of each tenant family and is a great deal for an investor. We try to create a win-win scenario for both sides by involving the tenant family in the design of the home. If a tenant feels more personally attached to the home, they will take better care of it and will more likely want to buy the home through a rent to own program.

Included in this home are the following features:

- All stainless steel appliances including microwave, and also a washer and dryer
- Central air conditioning
- Custom oak hardwood floors in the kitchen and dining room
- Custom cabinets and trim work
- Stone on front of house instead of brick
- Upgraded fixtures and lighting
- Concrete driveway
- Sprinkler system and sod laid for entire yard
- Upgraded carpet

These houses are also being designed for sale on the retail market. If your tenant does not follow through and purchase the property they lose their down payment AND there will be another seller’s market where you can more easily sell it if you need to. Single family homes offer one of the best exit strategies in real estate investing. The best part is you will know what is in place before you take on any risk. The lease and rent to own agreement will be signed before you sign the purchase agreement and before construction begins.

You’re buying the homes at wholesale prices. We’ve created a financing program that will allow you to use the equity in the home to serve as part of your down payment. This can only be done with new construction and we have the lowest cost mortgage programs around.

If you are interested in this opportunity, please feel free to contact us so we can meet for a cup of coffee and explain it in further detail. Once we have the plans finalized for the individual families they will be offered to investors on a first come, first serve basis. If you have any questions about this opportunity or how we structure our program, please don’t hesitate to contact us.

By Rob Reinke

Rob Reinke is a top agent on The Minnesota Real Estate Team. He can be reached at 763-242-6303 or Rob@MnRealEstateTeam.com