Quick question for the investors here — I'm testing something. If you could hand off ONE back-office task tomorrow and never touch it again, which one? 1) Building lead lists to your filters, 2) Cleaning up a messy list / CRM, 3) Prepping records for skip tracing, 4) Something else (tell me). And...
I pulled every single-family and 2-4 unit closed sale in Minneapolis and St. Paul from 2005 through 2012 to see who got hurt in the crash, who didn't, and what a smart investor could have done differently. Method first, then the numbers, then the takeaways. Tell me what I missed. THE DATA 53,940 ...
Hello All! I am looking for a good independent cleaner for a house in Minneapolis and I am having a heck of a time finding a good one. Does anyone know any good ones? Thanks for any help!
Hello everyone. Doing a remodel on a 750sqft unit and am curious on what people use to haul the demo away? Doing a lot of DIY especially demo. What’s the typical cost for a dumpster? Are their cheaper options? I got a quote for using an 11yard for 2 days for $400. Seems extremely high but maybe i...
Good Morning! I was wondering if anyone here had successfully used a hard money loan to finance an STR? If so, is there someone you recommend that services Twin Cities, Minnesota? Also, please tell me if If there is a reason I should avoid them or if there is something better that I don't know ab...
For a fist RE property. Is it better to take a turn-key small $175 class B house with existing tenants/lease/mgmt or buy a new-build $400k class A and rent out my $450k primary? I'm approved for both. Seems like the new build may have more hassle with getting tenants and systems in place? Thought...
Hello community! Currently have one duplex in NE Minneapolis MN and have been using google spreadsheet to keep track of books, financials, property details, etc...Anyone have an app or software they use that is user friendly and can keep track of everything in one place? We have a business credit...
Hello! Future first-time landlord here, about to start shopping for multi-family rentals in the Twin Cities. Before I buy, I’m trying to learn from people who’ve already been through this. For those of you self-managing 1-5 units: how do you currently find contractors you trust (plumbers, electri...
If you have professional photos and you're priced correctly, there is no reason to have more than two-months of vacancy between April and September in most of the Twin Cities market. My number one piece of advice for avoiding vacancy is market timing. I never allow tenants to go month-to-month, a...
Kevin Terpening’s first rental wasn’t much of a sales pitch for becoming a landlord. He bought a cheap house in Eau Claire during college for his friends to live in. He dealt with difficult tenants and plenty of headaches, made about $300 a month, and eventually sold for a small gain. Then he rea...
I ranked all ten Minneapolis communities by duplex appreciation over 11 years, and the ranking is close to inverse to price. The method is below, then the numbers, then where I think it breaks. Tell me what I got wrong. THE DATA 5,984 closed duplex sales in Minneapolis, October 2012 through Octob...
I ranked all ten Minneapolis communities by duplex appreciation over 11 years, and the ranking is close to inverse to price. The method is below, then the numbers, then where I think it breaks. Tell me what I got wrong. THE DATA 5,984 closed duplex sales in Minneapolis, October 2012 through Octob...
I ranked all 16 St. Paul neighborhoods by duplex appreciation over 11 years. The ranking is almost exactly inverse to price. Method below, then the numbers, then where I think it breaks. Tell me what I got wrong. THE DATA 4,064 closed 2-4 unit sales in Saint Paul, December 2012 through September ...
Hey everyone! Excited to officially join the BiggerPockets community. I’m a mortgage lender and spent a lot of my career focused on conventional financing, but over the last few years I’ve really dug into the investor side of lending, especially DSCR loans and other investor-focused products. I a...
Hey team, I just joined today. I’ve been part of Minneapolis real estate investing for a couple years now since 2014-ish I’ve only done a few deals and I’ve basically done the house hacking method with roommates and or renting after I upgraded now I’m in a fairly large house with limited access t...
Join LIFT (Ladies Investing for Tomorrow) on October 22nd at North Garden Theater in St. Paul for a full day designed to fuel your growth, sharpen your skills, and connect you with powerhouse women in real estate. Your ticket includes lunch, a drink, fun new LIFT swag and an amazing lineup of spe...
Hey guys and gals, hoping for some advice on how you manage our water utility bills. We own two duplexes and currently our renters pay all utilities except water. When we first got into real estate a local investor told us to always keep water in our name because it was a bigger issue if it gets ...
Hello! Future first-time landlord here, about to start shopping for multi-family rentals in the Twin Cities. Before I buy, I’m trying to learn from people who’ve already been through this. For those of you self-managing 1-5 units: how do you currently find contractors you trust (plumbers, electri...
Hey everybody, I’ve been interested in real estate since 2022 and started off wholesaling. I haven’t gotten too far with that, but I’ve learned a lot throughout the years. I'm now looking into getting my first property sometime next year, but I'm in no rush and want to make sure I take the right ...
I matched 21,000 house sales against 3,300 duplex sales to settle whether house hacking actually beats buying a house. Here's the method and the result. Everybody has an opinion on this and almost nobody has run it on equal terms, so I tried to build the comparison carefully. Tell me where it bre...
I matched 828 St. Paul small multifamily buildings that sold twice since 2012, and here's what the owners actually made. Most appreciation numbers are averages of different properties in different years, which means changes in the mix of what sold get counted as changes in value. Repeat sales avo...
Hi BP Community! I’m looking for a Minnesota broker, preferably in the Twin Cities area, who is comfortable sponsoring an agent whose business is focused primarily on residential property management rather than traditional sales. I have property management experience, an existing small portfolio,...
I've spent the last several years working heavily in real estate acquisitions, and I'm interested in connecting with more companies, investors, and acquisition teams that are actively growing their portfolios. My experience includes residential, multifamily, and commercial acquisitions, along wit...
Hey all, I'm a new investor looking for leads on potential flips/BRRRR properties. I've joined a few Facebook groups and I'm on Zillow a little too often, but in my experience, the best opportunities often come from the right connections. So here's my ask: 1. Where have you found opportunities to...
Stop Making Extra Mortgage Payments Dave Ramsey has built an entire empire telling people to buy real estate with all cash, or—if they already have a mortgage—to throw every spare dollar they have at paying it off as fast as humanly possible. And honestly? For a lot of people, that is actually fa...