All Forum Posts by: Matt Wignall

Superior, WI / Duluth, MN

NOT MINNEAPOLIS- Superior or Duluth were not options....

I recently closed on a HELOC on one of my properties. I'm looking to purchase more properties and recycle my HELOC to build up my portfolio. Currently have 3 SFH rentals, 1 vacation property (HELOC) and live in a home that I have no payments on.

I'm not cash flowing very much on my 3 SFH's. Great Credit, very little debt and good W2 income.

I'm looking for advice on what to do and the best way to utilize my HELOC.

Any ideas and or advice! I've been looking at SFH's in Superior and Duluth, just cannot get the numbers to work.

Thanks in advance!

Matt W

Superior, WI

Hello all! First time poster here. In the last 6 mo. I have acquired 3 properties, all 3 have signed 1 year leases and I just accepted a new job in a different state(2 hours away) increased W2 job by over $20k per year. My 3 rentals will be managed. Have 2 Mortgages and one HELOC I am trying to re-do after BRRRR'ing.

I am trying to purchase a property in the Duluth, MN/Superior, WI area. I am open but this will be my primary home and right now am not looking for a project, more of a plug and play option for the next year or so with the future plan being a rental either STR or LTR.

Anyone from the Duluth/Superior are that has knowledge in STR? I know Duluth is very strict and is very tricky as they only allow 60 permits in town but in certain townships it's ok. I would appreciate any advice or guidance!

I am open to ideas and thank you in advance for your ideas and thoughts!

Thanks!