What we do
We buy houses and small rental buildings directly from the owner. There is no agent in the middle. You tell us the address and who lives there. We give you a written number and show you how we got it. You pick the closing date, and a title company closes it.
We are based in Duluth, MN. We have no office in Hermantown, Proctor, Cloquet, Two Harbors or Superior. Everything starts with a call.
How we make money
We buy below what the same building could sell for after it was fixed up. That gap is the whole business. It pays for the repairs, for the cost of owning the building while we fix it and sell or rent it, and for our profit.
That is why our number is lower than a strong listing. If your building shows well and you can wait, a listing may bring you more, and we will say so. Our price makes sense when tenants, repairs, or the hassle would keep a normal buyer away, or when you would rather skip a listing.
What you can expect from us
- The person who calls you back is the person who decides the number.
- The number comes in writing, with the math explained.
- You choose the closing date.
- No agent commission and no listing fee on a sale to us. Closing costs can exist, and the title company lays them out before closing.
- You do not repair, clean, or show anything.
When selling to us is the wrong move
- The building earns well and you have the energy to keep it.
- It is empty, clean, and easy to show. A listing may do better.
- A tenant has told you they want to buy it. Ask them first.
- You have not looked at what the sale does to your taxes.
We would rather tell you that on the first call than have you find out later. The comparison of all your options is written with the same attitude.
What we are not
We are not your lawyer, your accountant, or your property manager. See our disclaimer for the plain version.