All Forum Posts by: Lucy Iburg

I purchased an 1850 duplex in Saint Paul, and my daughter is a dentist, the duplex is in a great area.
so we are adding square footage and building a 4 studios in the upper level, the city of Saint Paul gave us 2 variances 

We worked with the city to allowed 9 parking spaces 

By dentist daughter is an amazing designer, and the city of Saint Paul likes our houses, check in airbnb 118 Douglas St in Saint Paul, to see our work

Thank you amber 

Looking for a woman’s investment group for real estate. I will be moving to the Twin cities area of Minnesota.

Looking for a contractor , good and budget friendly, I am a house flipper and I visit my houses every day , to make sure work is done. I live in the twin cities of Minneapolis and Saint Paul, Minnesota.

I am planning to do a big project in Saint Paul, including an addition, will be calling references.

I started at 48, full time, I took early retirement from the airline, I Cash my 401K, and purchased my flip for 25,000, I found an amazing real estate agent , he helped me connect with a bank That gives us loans and approletters, also I used my husband's 401K for a self directed investment IRA, which is very hard to manage for the restrictions. Now we have 3 duplexes in very prestigious areas, also a six-plex, 3 houses, 2 condos, we are In the process Of building a dental office , and 4 Studios condos, and I am purchasing a house in a million dollar avenue, this house will have an ADU in the garage. We had previously purchased 2 and 1/3 buildings in Bolivia, and 2 houses by the university of MN , I am a Bolivian woman with broken English, my husband is a son of a SD farmer, so is a Jack of all trades. You have to be tough in real estate and don't give up. I buy the houses.
MY husband is an amazing landlord and he does all of the bank and renter’s paperwork, we still own own buildings in Bolivia, we sold the houses by the university of Minnesota.  I also just purchased another house with my daughters.  You will love the business, to start get inspections or always add 30,000 in mechanicals in top of remodeling, to start buy easy homes that need minimal work, also try to go everyday to see your house, to make sure everything is running smoothly.  We have had many problems , and we never gave up , and we focus in buying our next house and enjoying the results of a flip. We also do 3 airbnb’s which now they are renting for 50 to 75 percent off due to Codvid19.  

We have flipped about 20 to 30 houses.

Thank you, I will be occupying the main house and yes Saint Paul allows a ADU,

My main concern is after spending 150,000 and In the future I decided to resell the house, will I get my money out it? 

Thank you

Will purchase a Victorian house in a very prestigious avenue in Saint Paul, MN

The lot is 11000 square feet and I am allow to put a carriage house on top of garage to rent as airbnb.

It is worth it? Will be a great resell asset to the house?

The carriage house will be 1200 square feet, so it will cost me about 150,000 including the garage.

Need your opinion from top investors .

I own 12 rentals and I do flips, so I am familiar with the construction level.

Thank you

Lucy

I am looking for advice regarding a potential rental property above my garage. I am a property investor that primarily flips homes and I own a dozen rental properties. I recently purchased a vacant 1905 4300sq ft home on an 11,000 sq ft lot. I have the potential of creating a rental unit above a new garage that we are building that I would rent with air bnb. Can you foresee any issues with this? Would you consider this a good investment opportunity? The neighborhood is full of historic million dollar homes and is a tourist destination as well - so I believe it would rent well.

Thank you