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Updated about 1 month ago on . Most recent reply

User Stats

21
Posts
6
Votes
Kyle Reedstrom
  • Real Estate Broker
  • Fargo ND
6
Votes |
21
Posts

How Real estate investing has gone for me this decade

Kyle Reedstrom
  • Real Estate Broker
  • Fargo ND
Posted

2021 - Interest % climbs, property taxes start to creep up, and insurance costs crank up 40%. Cashflow starts to disappear.

I remember this was the 1st time in 7 years of REI that I started writing checks into my operating account for my rentals. Sucked.

2022 - We figure out we need to be problem-solvers or our property portfolios will start moving into negative cashflow. We buy and furnish "Rosie's Place". Our 1st ever STR. #risk

2023 - We start transitioning our 4plex units into STR. We hone in furnishing costs and setup efficiency. We create a 3 year vision

2024 - We purchase a 20plex and 12plex. Plan to turn all 32 units into STR/MTR. Guardian Property Management climbs over 500 reviews on Airbnb.

Fargo is not a Vacation-market...it's a Utility Market. We are the best place for 300 miles where you can hosts major sporting events, festivals, concerts, shopping, and large corporate gatherings.

2025 - 50 STR/MTRS units managed & owned. Guardian Property Management moves exclusively to STR/MTR management. With a vision to help owners reclaim their cashflow in the new REI environment.

I'm not a social media sales expert, but I am an open book.  Would love to hear your comments. 

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Midwest Invest Realty Group brokered by REAL
5.0 stars
24 Reviews

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