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All Forum Posts by: Andrew Lorei

Andrew Lorei has started 2 posts and replied 4 times.

Post: Looking to connect in San Diego

Andrew LoreiPosted
  • San Diego , California
  • Posts 4
  • Votes 3

Hello San Diego,

I just moved to the San Diego area yesterday (currently in la mesa) to play soccer for the indoor team (Sockers). I am 28 and have some real estate experience, but still a relative newbie.

I am interested in helping an experienced land lord or house flipper. My schedule is very flexible, so I have a lot of available time and excellent people skills. I can help with answering phones, odd jobs, direct mail, checking out properties etc . 

My goals are to add value and learn. Looking forward to connecting!

Thanks,

Andy

Post: Rental in Minneapolis

Andrew LoreiPosted
  • San Diego , California
  • Posts 4
  • Votes 3

Thanks for the great information @John Woodrich.      

Post: Rental in Minneapolis

Andrew LoreiPosted
  • San Diego , California
  • Posts 4
  • Votes 3

Awesome feedback!!!!! Thanks guys. @Marc Jolicoeur @Tim Swierczek @Joseph Williams @Amber Gonion @Kevin Powell @Brett Sorenson

Just to clear up a few things.

1. Property would be a SFH

2. My partner would be doing FHA if we went that route (no mortgage fraud for me :))

Post: Rental in Minneapolis

Andrew LoreiPosted
  • San Diego , California
  • Posts 4
  • Votes 3

Hello BP,

This is my first post 😀

I am planning to purchase a college rental property by the University of Minnesota (likely on the east bank/Como area for Minnesotans). I will be partnering with one other guy on the deal. He lives in the area and would manage the property. I am out of state most of the year. 

Things to consider

1. We both have great credit but are self employed. Both of us would need a co-signer for FHA

2. We have 20k pooled to invest (enough for FHA, definitely not enough for traditional 20%)

3. We can access another 40-60k through private money 

4. Purchase price would be in the 190-270k range 

Any recommendations or ideas on the best way to structure the deal? 

*Let me know what else I can add to make it clearer

Thanks,

Andy