All Forum Posts by: Dylan Barth

Welcome! Good luck on your adventure!

Hey Dan,

I'm a recent college grad looking to get started in buy and hold real estate myself. I don't work for BP or anything but I've been listening to the podcast while I drive and it has a ton of great info. Check that out if you get a chance. Good luck getting started and welcome to the forums!

Dylan

Thanks for the input, all.

@Bruce Runn, I agree that I need to look at more properties but I will say, the few I've looked at need at least $300 in increased rent to make the numbers work. Most are in B to B- neighborhoods that make it tougher to get those increases, even by adding a bedroom (which I found possible in more units than I anticipated).

@Dan Vleck Thanks for checking on the tenants/mortgage payment calculation. I am calculating rent from both units and long term cash flow as I won't be in the unit for more than a few years.

@Shane Hedeen Thanks for the tips. I'll be searching!

Calling Minneapolis, Saint Paul and Twin Cities metro Minnesota investors. I am a beginning investor interested in owner occupying a duplex on the south side of the cities. Inventory on this type of unit is low and prices seem inflated. Nothing I've seen comes close to even meeting the 1% rule. 

This leads me to ask the forum. What types of properties are cash flowing in the area now? Any area specific tips for finding these properties? 

Thanks in advance for the feedback and discussion!

Welcome Tom! Sounds like you have the experience and knowledge to do some of your own rehab work. Good luck finding some great deals!

Hello

My name is Dylan Barth and I currently live in Mankato, MN but my goal is to invest in the Twin Cities area. I hope to get started in a small multi family on the south side of the cities. I am a young professional in the agriculture industry and using rental income to help fund my first home sounded like a great idea which lead me to BP.

I'm excited to get started!