Like What You're Reading? Submit your email to be notified of new articles! Really Simple Syndication

Categories

Archives

Add to Technorati Favorites Directory of Real Estate Blogs

Success Session Graduate

Archive for the 'That Flippin’ House' Category

NoMi Home Tour…What makes it tick like it does?

3401 Newton Avenue North

Unbelievable to some, the area (click here for a map) of North Minneapolis is a vibrant, solid and happy piece of real estate that many consider scary and decayed.

Wake up, my Twin Cities people!

Most every week, I end up defending this distinct area.  I grew up in the City of Detroit (really!) and, believe me, this is like Beverly Hills, compared to the Detroit area.  In fact, where I grew up, my house has been bulldozed, along with a 2 square mile stretch that I called home to me and my friends and neighbors.  (Pheasants now inhabit the area. Yuck.)

Each individual neighborhood in North has its own committees that work as hard as can be to boost the homes and businesses that lay among their turf.  Granted, there are shootings and robberies in North that take us back a few steps, but for for the most part, these hard-working, good citizens have a lot to be proud of.

Today, Sunday, July 18th, the NoMi Home Tour will be happening for those potential buyers who would like to live in a great city and have access to downtown only within minutes…seriously, just a couple of minutes!  The homes are vintage mission style bungalows that speak to quality, charm and good neighbor issues.

Please join us Realtors who have invested in our clients the opportunity to view and purchase some of the most unique and cared-for homes in the Twin Cities.

Tags: , , , , ,

Posted by Jeanie Hoholik | Discussion: 1 Comment »

Twin Cities - What You Should Know Before You Buy That Flippin’ House

The big Twin Cities area foreclosure auction has come and gone. Many homes were sold to would-be investors who want to flip their new purchase. Some of these investors had never been inside the house that they just purchased.

Finding just the right home to fix up and resell can take time. There are many things you must consider before you buy. There’s been a real surge of homes sales to people who got caught up in the Flip This House craze.

Here’s how to make sure your flip doesn’t flop. Read the rest of this entry »

Posted by Jeanie Hoholik | Discussion: 7 Comments »

That Little Gray House With The Black Shutters…With a Big Past!

3306 James Avenue NorthDon’t get me wrong, I like nothing more than to tell a “feel good” story without a past.  Unfortunately, life doesn’t always swing that way.

Lucky for a few, my client, Jennifer, aka, Flipper Girl, makes dreams come true.  Now, I’m not a Pollyanna-type blog writer and, trust me, Jennifer isn’t the Pollyanna type either, but she is all over making dreams come true.

This week, I had a reporter from the Star Trib call me for some info about a house that Jennifer rehabbed.  Turns out, it was the very first house that was given up by the Greater Minneapolis Housing Corporation.  That’s no easy feat.  I had a few discussions with the powers-that-be over there.  I had to send pics of the other homes that Miss Jennifer had rehabbed to make sure the they would accept her work on the FIRST EVER TJ WACONIA property to be turned over to the public.

They said, “OK”.   That’s a BIG DEAL!

Here’s the story of the woman who purchased it from Jennifer that was written by the Star Trib in  yesterday’s paper…

Program helps heal wounds of North Side housing fraud

 

 

 

 


The house sits on a quiet street across from a fire station. The gray stucco looks freshly painted and the front windows are framed by black shutters. Inside, hardwood floors gleam in the morning sun as Jackline Mukiibi, 25, shows off her home, the first home owned by anyone in her family.

Daughter Ava, 3, is away at day care, but her photos sit atop a shelf. Over by the stereo is evidence of a fledgling modeling career, a Target ad featuring the toddler.

It doesn’t look like a house with a notorious past, but it is. Mukiibi’s tidy home was part of the TJ Waconia real estate scam that washed through the North Side. Over a three-year period, developers Jonathan Helgason and Thomas Balko of TJ Waconia bought and resold houses for inflated prices to straw-buyer investors, triggering a foreclosure crisis that left many homeless and many homes abandoned. In April, Helgason and Balko were sentenced to eight and seven years in federal prison, respectively, for their crimes.

Mukiibi represents an effort to reclaim that part of the city, one house at a time. Hers is believed to be the first of the 141 homes from the scam to be sold.

Working through City of Lakes Community Land Trust and taking savvy advantage of several other programs that encourage home ownership, Mukiibi cobbled together a mortgage loan and down payment and moved from her tiny apartment in February.

Mukiibi paid $703 a month for her apartment. Now she lives in a three-bedroom, two-bath house with a finished basement, family room and a fenced yard for $728 per month.

Born in Uganda, Mukiibi came to the United States with her parents when she was 2 years old. “I dreamed of owning a house when I was a little girl,” she said. But she got pregnant at 21, which seemed to limit her ability to buy in the near future. Mukiibi works for a nonprofit and goes to school full time at Metropolitan State University, where she is earning a degree in ethnic studies.

Tags: , , , , , , , , , ,

Posted by Jeanie Hoholik | Discussion: 1 Comment »

2755 Russell Avenue North Sneak Peek!

Original Birch Floors at 2755 Russell Avenue North

In the dining room, the hardwood floors are the original birch.  Wow!

This is the same home that I showed you a couple of months ago that was totally trashed.  Everything has been completely restored to its natural beauty and new updates are in the kitchen and bath…as usual!

This has to be Jennifer’s best flip, yet.  We will be putting it on the market next week.  If you would like to see this property, please give me a call to schedule an appointment!

Tags: , , , ,

Posted by Jeanie Hoholik | Discussion: 4 Comments »

Silly Property Repair #5 - Can You Say, “Mitre Box”?

Can you say, “Mitre Box?”

Touring through the rehab candidates in North Minneapolis is always an adventure.  My clients and I find so many interesting treasures.  Many of them are beautiful old windows, light fixtures and built-ins.

Crown Molding Dead EndJennifer, the famous North Minneapolis flipper, and I toured a home and found it to have been partially finished.  It was clear that the previous owners had bought it to rehab, but ran out of money and/or patience.  It’s not easy to do a good rehab on a home.  It takes stamina, guts and money.

These  pictures are of the hack job they did on the moldings throughout the home.  All that work!

We didn’t buy the home.  It went into multiple offers before we even got a chance to give feedback to the listing agent.  Multiple offers are typical, as of late.

Tags: , , , ,

Posted by Jeanie Hoholik | Discussion: No Comments »

There’s Money Out There, Buyers! Here’s One Way to Buy an Affordable Home!

My client, Jennifer the Flipper, just closed on a very special home in North Minneapolis this past week.  This was 3306 James Avenue North, the first home to be had that was once owned by the infamous TJ Waconia thugs.

Jennifer did a beautiful job on this home and it received a purchase agreement on just it’s second showing to a potential buyer.

Now, that’s awesome, Jennifer!

Here are some pictures of the inside and a link to previous posts and to Johnny Northside’s blog who also has taken the time to write about this great home.

Crown MoldingUpstairs Master SuiteBrand New KitchenGleaming Hardwood FloorsStainless Steel AppliancesBrand New Mechanicals

The cool part about this sale was that it is going to be owner occupied, not left in the hands of another slum lord only to trash up the Folwell Neighborhood.   This owner got some great incentives and grant money to be used as a down payment.  Here’s the skinny:

Folwell Neighborhood Grant Funding:  $4,000

City of Lakes Community Land Trust Funding:  $21,000

Hennepin County Affordable Housing Incentive Fund:  $30,000

Folks, that’s a whopping $55,000 in grants and  funding!

Tags: , , , , , , , ,

Posted by Jeanie Hoholik | Discussion: 1 Comment »

In North Minneapolis, This Guy Tried to Stop Us.

Jennifer, my client who rehabs homes in North Minneapolis, and I found a great house that we just knew would be a great rehab project.  As we left the property, we came upon this cute little guy with knives in each fist ready to fend us off.   (You’ll need to click on this picture a couple of times to get the full effect.)The Gate Keeper

Well, it worked!  We almost missed him.  We only saw him as we were leaving.  We put an offer in on this diamond in the rough, but we were outbid, leaving us to search for other great properties.

Here’s a picture of Jennifer checking the little guy out.  I don’t know what character this is, but I’m sure somebody out there does.

Tags: , ,

Posted by Jeanie Hoholik | Discussion: No Comments »

Jordan Neighborhood…The Best Is Yet To Come! Here Comes 2755 Russell Avenue North!

Good Times!

It took a lot of hard work to get this absolutely beautiful home to be Jennifer’s (Flipper Girl) property.  We’ve been dinking around with this property for quite some time now.  The details are not pretty.

But…we got it!  Woo hoo!

You’ve seen the before pics.  You will now see some of the fun stuff that her crew found behind the cupboards today.  I will just say that this home will be her best rehab so far.  She’s got an awesome crew and the know-how to get the job done.  She has a reputation in the City of Minneapolis of being one of the best in the business and I am proud to be her Realtor.

Above is just one of many pieces of memorabilia that were found at this wonderful property.  More to come!

Tags: , , , ,

Posted by Jeanie Hoholik | Discussion: No Comments »

Flipper Girl’s Latest North Minneapolis Property - Ya Gotta See This!

2755 Russell Avenue North

Here she comes again!  My talented client, Jennifer (aka Flipper Girl), has just purchased her latest diamond in the rough to transform in to a thing of beauty.  This home is your typical craftsman style with natural woodwork, hardwood floors and a nice, big upstairs for a dreamy master suite.

Here are some more before pics…

Russell Bathroom This is actually the “after” pic.  The “before” pic was the one with the Aldi grocery bag on the floor.  Here’s a link from Johnny Northside’s website that shows all of the trashy pics.Russell Upper LevelThis will end up being the dreamy master suite.  I think Jennifer is going to remove this wall on the right to make for a larger space.

That’s it for now!  Just a little teaser of things to come.  Stay tuned!

Tags: , , , ,

Posted by Jeanie Hoholik | Discussion: 2 Comments »

Selling a Home in the Twin Cities Takes Teamwork


We never saw a thing!  Honest!Holy Crap!

Most real estate sales transactions take two Realtors to bring the buyers to their new home and the sellers to take their money to the bank.

It can be a tricky dance,  at times.  There are moments when Realtors butt heads and do not take the clients’ best interest at heart.  Egos prevail!  I pride myself on working closely with my peers throughout the Twin Cities to make a sale happen.  It is for the good of the client, which, by the way, is what it’s all about.

I’ll work with an agent to make sure that my client receives Read the rest of this entry »

Tags: , , , ,

Posted by Jeanie Hoholik | Discussion: 1 Comment »

« Previous Entries

Copyright © 2007 Twin City Real Estate Chat     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs

Close
E-mail It