Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Andrew Carlson

Andrew Carlson has started 9 posts and replied 221 times.

Post: Light vs Dark Laminate countertop appeal/durability

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Jill F.

Dropping a knowledge bomb about cabinetry hinge-ery! I have some old style visible hinges. I might have to switch those out. Thanks!

Post: Need to put capital to work but can't find deals!

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Brian Garrett

@Todd Dexheimer is a proven operator based out of Minnesota doing deals in the Midwest. Drop him a line.

Post: How can a college student, with very little money, get started?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Kade T. Brunson

The owner of the rental you live in is interested in selling? Sounds like a total score! Go for it. Ask if she will do owner financing. House hack with all your bro friends!

Post: Should real estate investors have a SUV/Truck?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

I had the same dilemma. I have a small suv and wanted a truck in the worst way. Then my dad let me borrow his 5x9 enclosed trailer with a ladder rack on top. Carries anything a landlord could need without the expense of a pickup truck.

Post: What Do I Do With My Refinance Capital?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

Wrong topic, sorry!

Post: How do protect myself in a multi-family deal?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Hayden Wright

I have a similar issue and these two guys also answered my question. Thank you @Greg Dickerson and @Danny Randazzo.

How does one go about getting a massive deal like mine or Hayden’s under contract? Will there be some expectation of proof of funds or a earnest money deposit? I wouldn’t be able to provide either. Or, what if we got the deals under contract, take them to a buyer and the buyer doesn’t like the price? Is there ability to renegotiate there? Asking the question here because Hayden may have a similar question.

Post: What Do I Do With My Refinance Capital?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Jake Arnold

I have onsite laundry. Next time I empty the machines I’m going to put $10 in quarters into baggies for each resident.

Post: How do I protect my finders fee?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Greg Dickerson

Never heard of this, thank you so much!!

Post: How do I protect my finders fee?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

Long story short, I found a huge deal off market and developed good rapport with the owners nephew, who seems to be kind of organizing the deal. I have no means of purchasing a property this big. I know two people that could actually close something like this. One of them wasn’t interested, and the other one I don’t know all that well, but I gave him the information anyways.

The seller said I could sign a “Memorandum Of Understanding” (MOU) stating I am entitled to a finders fee if my buyer closes the deal.

My question is this...if my buyer takes this deal and passes it along to one of his buddies,(Remember, I don’t know this guy all that well) how do I ensure I retain a piece of the pie?

Post: What are your goals for 2021?

Andrew CarlsonPosted
  • Rental Property Investor
  • Rochester, MN
  • Posts 224
  • Votes 323

@Kirbi Campbell

Purchase $3 million in multi family. Ideally one big juicy deal.