All Forum Posts by: Mark K.

To have NO FEAR! You JOB does NOT define you!  You also get to help others when the Big Corporations wont!

Will do! Thanks!

Thank you all for the insights!

No good deals in metro area of MPLS. Market is VERY HOT.

We are looking at renting out our current home and buying a different house. Can we do that with no negative tax implications? Can we still get another house with the standard 5% down payment? Will this affect our ability to borrow for more properties? We do have a bank set up that has a line of credit set up on 3 of our 8 rentals that are paid for. We would rather finance the new house and rent our current one out-which would make 9 rentals total.

We have 8 SFR that we manage ourselves and as most people are probably experiencing we are finding it almost impossible to find deals where the rent is covering 1% or more of the purchase. We have cash from equity in other units but cant seem to find a deal whether SFR Duplex or Apt/Multi-unit. Just wondering with our experience if this is still a good move or if there are other resources to investigate? We would like to scale into multi-units duplexes or an apt building here in the West Metro area of Mpls MN if the right deal became available.

Thank you very much for the insight.

Any thoughts on going with these guys?