All Forum Posts by: Daniel Anshus

@Mitch Paumen As Jordan stated, a lot of people will look for at least a 10% COC return otherwise the stock market can produce the same results. As for cap rates those are really only used for commercial 5+ units and don't mean anything in residential

@Janel Y. I know a good property manager feel free to message me.

@Sisiley Bao Welcome to BP and Minneapolis! as @Corey Hawkinson said those cities would not be ideal for you and your husband are working downtown.  I would reccomend looking into Uptown area/south minneapolis, Northeast and the North Loop.  Would love to have a zoom call with you and help you and your husband with good areas for you two.

@AJ Smith It's a low rent area. You can definitely make a deal work it, but it might not be the easiest tenants

@AJ Smith My apologies you provided the wrong MLS number. The correct MLS number is 5610522. That is in the Payne-Phalen neighborhood which is not seen as the best neighborhood to invest

@AJ Smith from what I can see from the MLS this is a tear down. It has been sitting 200+ days for a reason. Buy this property at below lot value and then it might make sense.

@Mario Russo I specialize in multifamily properties. A lot of my buyers are first time home buyers/ investors.

@Mario Russo as Jordan mentioned all inventory is tight. The best way to find deals is by networking with agents and other investors (and of course agent who are investors). I would love to chat about your goals and why you are looking at 4+ units. Feel free to message me and we can talk.

@Matt Millem you are a realtor. Realtors don't wholesale they list properties or sell directly to investors offmarket.

@Bruce Runn  Hey Bruce I am wanting to learn a lot more about the costs and how you analyze these deals. Would love to talk more about this subject. I am local so we could meet up if you are ccomfortable with that. Thank you!