All Forum Posts by: Curtis Moe

SKOL!

I've been to MNREIA and found the information pretty generalized, but useful if they are talking about the strategy you use for investing.

Good people there. 

I like your passion Jake.  Welcome.

VA loan. Basically zero cash in. So cash on cash is almost infinite.

Yes,  in that analysis I am not counting what a 1br would cost me.

So, I guess on top of the 75/mo cashflow you could also add the 550/mo that I currently pay for rent, or you could even add what a 1br in the area would rent for with is roughly 700.

I found a 4plex in MPLS, MN that would cashflow $25-75.00 per month(depending on slight variations in the numbers I've ran(which I've ran 5 times)) with me living in one unit. 

I would house hack and use a VA loan to purchase, then move out after a year and rent the last unit out. Cashflow at that time would be around 800 per month.

I've toured the property with my agent.  The house has newer siding and roof, and the one vacant unit is getting painted right now.  Everything else looks solid and the current tenants keep their units clean.

The two things that make me hesitate are the age of the house (1900), and it's been on the market for 100+ days.  I feel like there is something others know that I don't, and that is why they aren't pulling the trigger.  Also, it is in a C class neighborhood, which I have no problem with.

The cashflow is nice.

Thoughts on older houses and houses on the market for extended periods?

What is your debt coverage ratio?

Welcome to the site Andrew.  

Lots of MN folks here.

Inspiring story.  Congrats sir.

Hi Amber,

Could you send me the address also?

Thanks