All Forum Posts by: Kevin Mosier

Right. I'd say at least three times zero would be the average every Tuesday up here. Maybe four times zero, but I'm no mathlete.

Who's made $250K on a flip in Duluth recently? Are there more than 3 people here in the last year?

For some reason the event time listed above is 3pm, just so everyone knows it's what's in the event description (7pm)

Do we have a date and agenda yet for January?

Nice work, Sam. Looking forward to hearing about how it all turns out.

I'm curious about the refi you mentioned. Do you have to refi out within the first year?

Looking forward to it!

@Michael Schraepfer is a local Duluthian active on BP who has a ton of experience. Connect with him and see if he can help you out. 

We've got a monthly REI meetup and next month will be at Mike's office, where he'll be telling us a little about his property management company and how he grew his portfolio.

Thanks for the response, all. I ended up getting Superior Construction and Trinity Masonry out to take a look. Both said it'd be over $25k to get this fixed up, and the seller only was willing to concede $5k. Not looking like a very good deal anymore. 

I also discovered that even though they have power split and two separate furnaces, they actually aren't on separate meters, so that lowered the cash flow expectations. On to the next one, I guess. 

I've got an offer in on a nice cash flowing duplex that has some obvious leaking in the basement. I'm not sure if it's a major concern or just something I'd have to deal with over the years. 

I wrote the offer contingent on an inspection of the basement leaks, and I can't even get anyone to take a look at it. Any suggestions? I've tried DBS, Trinity, Northern states, and I've left messages with multiple contractors.

Anyone know of a company or person that could look at something like this in the next week? Otherwise, I might have to walk away from the deal, I have no clue what I'd be getting in to without someone's advice. 

Hello fellow Superior resident!

Nice work. Any reason in particular you didn't FHA this with a smaller down and 30 year amort?

I wish I would have house hacked before getting a family and a big house... Great start!