Investor · Minneapolis, MN · Member since 2016 · 33 posts · 13 votes
Hello, Minneapolis/Minnesota/Folks reading this thread. My name is Andrew and I just started the journey of house hacking this month through buying an off market triplex in south Minneapolis near Lake Nokomis. I am moving in Sunday and demo starts right away. I would love to hear from any other folks in the area to see where you are all at. How many units? Areas to invest? GCs? SFH Multifamily? Appreciation vs. Cash Flow? REA? Buying campaigns? so on and so forth, also if any of yall know of some REI meetings to attend. I work downtown at Ameriprise let me know if you want to get lunch. God Bless
Minneapolis, MN · Member since 2017 · 9 posts · 2 votes
9y
Hey @Andrew Tortora Welcome and Congrats on the Triplex! I wish I could answer some of your questions but im about as green as it gets other then hours of hanging out on BP and reading real estate books. Let me know if you have any electrical needs, I was an electrician for a number of years before switching careers. May I ask you how you went about getting your off market deal? My goal is to House Hack a 2-4 unit building but there is nothing in my area for sale. Im thinking I need drive for dollars.
Investor · Minneapolis, MN · Member since 2016 · 33 posts · 13 votes
9y
@George Springer good to know I'll keep you in mind, my REA is an investor himself so his ear is always to the ground on deals. There was a triplex that was overpriced and didn't sell so it was taken off the market, one of his colleagues stayed in touch with the owner and knew they were going to relish in May. I got in before that and got us a deal. We used Eric Eickhof of Fulton realty, knows his stuff big time. Advice: make sure your REA is an investor. Thanks for reaching out
Rental Property Investor · Memphis, TN · Member since 2017 · 27 posts · 11 votes
9y
Hi Andrew,
Keep us updated on your house hacking. I have been saving aggressively for a buy and hold SFH, but just heard about all this house hacking business and it is interesting.
I would like to do both if possible. Get a SFH to rent out, then do a househack of my own.
House hacking can be a great way to get started if you have not looked into it I highly recommend, There are some pretty decent deals in the Twin Cities area for good house hacks. If you ever have any questions let me know.
@Andrew Tortora good luck on your first house hack!!! Hope it goes well for you!
I'd recommend connecting with Kevin Powell on BP as he has house hacked a couple multi family properties in succession to take advantage of low down payments.
Investor · Fridley, MN · Member since 2017 · 35 posts · 10 votes
9y
Welcome and Greetings✨
I am also new to our journey of real estate. My background history is the event marketing business. I live in Minnetonka near Ridgedale and would love to connect for coffee with like-minded individuals.