All Forum Posts by: Daniel Anshus

@Sam German If you are looking to purchase homes in the $275,000-$300,000 range there’s no need for it to run $3000 a month when your mortgage should be under 1500.

I am in your market and I know people making double the normal rates doing furnished rentals. I myself will be doing a furnished rental next year in my duplex and anticipate making $1000 $1500 more per month minimum.

@Sam German I would suggest working with a realtor who has contractors that will do cheaper work for their clients. That way you have good contractors and get a better price.

Have you looked into furnished rentals? That gives a much higher return than a typical LTR. If you can’t cash flow your house when you move out then maybe start looking at straight investment properties or second home properties.

@Jackson Mertes I know some people who understand this very well but it’s not super common in this market. Feel free to message me and I might be able to connect you with someone

@Jem Thompson hi Jem, welcome to BP and MN! I love ft Collins. I have a cousin that lives there and it’s super conveniently located!

You have a great mindset, as REI is definitely not about the home runs. It's about consistent base hits, if you wait for the best deal ever you will be waiting forever. Obviously I'm not saying buy something that is a money pit and won't have the possibility to be a good investment. But like you said you just want to get started.

I would recommend joining some local groups in the area and meeting other investors. There are a couple good groups and a lot of local involvement.

I look forward to seeing you around!

@Thomas Morley hey Thomas so there are definitely areas many investors avoid in the cities. And after the recent rent control that passed in Minneapolis and Saint Paul many investors are panicking. If you don’t know Saint Paul just passed a 3% rent cap and Minneapolis passed it so the local government can implement a rent control in the future. So many people are rethinking or backing out of those cities

@Michael Lilburn hey Michael welcome to the area! Would love to help you start your journey. I would suggest joining local Facebook groups and going to meet ups. Let me know if you want the best ones to join

@Raj Donthi work with a realtor educated in the market who can represent you and guide you

@Daniel Kevin Lara correct

@Marcus Johnson There is a local investor who specializes in this exact thing feel free to message me and I’ll connect you

@Carole Hilgenberg if you want to do that then sure it’s worth it. It’s not hard or expensive to get a limited brokers license. https://mn.gov/commerce/licensees/real-estate/applications.jsp#3