All Forum Posts by: Daniel Anshus

Agreed with what has been said above. @Tim Swierczek is a great lender to speak to in regards to anything REI related. Which reminds me, Tim I need to speak with you about commercial financing. I am now looking to buy commercial multifamily.

@Bjorik Mutize thank you so much for the recommendation shout out! 

@Jason Galli There has been a lot of great info in this thread already! I would love to chat more about what your reasoning is behind single family and what your goals are. Nobody can help you now, if they don't know what you are planning on accomplishing for the future. Message me and lets get together soon.

Hi @Jordan Crockett welcome to BP and Minneapolis investing! First off who is your agent and lender? I like getting to know the other "workers" in the industry. I have info for some offmarket properties so feel free to dm me and lets chat.

@Mamadou Ngom I know I am the second Dan A. to comment on this thread haha but I will second what the first one said! I am an agent/investor in the Minneapolis market who has helped multiple people buy their first home/ duplex. I would love to get to know you and see how I can help. Please DM me and lets chat

@Tom Wagner there has been a lot of great info and advice on here. I would say just make sure that you can afford that mortgage if you have no renters or if your city has or develops rent control. Also know that your appreciation model is skewed, for the most part, those million dollar items don't appreciate at high rates like the lower price points do. I love your idea of taking advantage of low interest rates and high leverage, just know that there is a lot of risk with that.

@Mike Paisley I am an agent in Minneapolis. I would repeat what everybody else has said about house hacking and tracking your income and expenses, and planning your goals out. Please message me and we can talk about the opportunities I have.

@Noah Chappell great idea, but you're not going to find a duplex in the twin cities for under 200,000. There is one on the market currently in Saint Paul for under 200k but it needs A LOT of work. I like the idea but would recommend looking for one or two larger investments that have a higher COC. Anything around that price is going to need work so I would want more reserves for repairs.

@Puja Shah If you are looking to maximize your cash flow you should definitely look to sell it. You can get a lot better returns with multifamily or single family properties. If you do not live in it I would suggest looking into a 1031 exchange to help defer capital gains taxes. If you would like a more detailed answer and a contact for a 1031 exchange intermediary feel free to message me as I am a licensed realtor and investor in the Twin Cities.

I agree with Tim ask John. But from my understanding you are correct. But not giving tax advice and I would consult with John.

@Kalvin Seidl Welcome to the beautiful world of real estate investing!! You are very fortunate to be based in the Twin Cities, as we have one of the strongest real estate markets in the whole country! We have been in the top 5 for rent paid during the pandemic. Feel free to message me and we can chat about the  market and how to get you started in real estate!!