All Forum Posts by: Matt Higgins

Andrew, 

I fall in the same catagory.  I pay a lady 20$ an hour to handle all of my real estate task.   She is super honest and very reasonable.  She shows properties, cleans properties, and handles all maintenance request.  I authorize her to spend 500$ on anything we need with out contacting me.  Can't imagine doing this business with out her. I have properties I've never been in and tenants I've never met.  Buy a house in a descent neighborhood, make sure u are getting 1.2 % of purchase price in rent or better, check out the taxes and insurance cost, and let it rip.  I use  rental history report to screen tenants 

Is buying a 100k house for a thousand a month that bad of a deal vs a 200k duplex that rents at 2k a month?  You have some exterior benefits like siding, roof, and lawn, but other then that I would rather take my chances with appreciation on a single family home.  If you have 3 houses vs a triplex it would be nice to spread out your risk with the triplex, but if you own 100 homes who cares?

From what I've read SFR have historically been a better bet vs multi-family. Now, lately multi-family has made up a bunch of gains, but I trust history and think we will regress to the mean. Buy SFR or buy Multi family, but whatever you do Buy A Deal. Buying is where the money is made.

A/B apartments are in a bubble.  C/D apartments are too hard to rent (also in bubble).  Give me the 50k single family home in rural MN that rents for 1K/month.  (I only say MN bc it is the best state in the country and thats where I live)

I invest in MN. I did a flip in the Champlin/Dayton area. Make sure you look into the city assessments when you buy out there. A lot of the properties have high dollar assessments rolled in with the taxes. I bought a flip for 90, sold for 200 and didn't make that much money bc FHA made me pay off city assessment.

I have seen a bunch of multifamily housing on auction.com for like 40-50k in Duluth.  I know it's a lot of older inventory but what a great market to invest in (especially if your goal is to switch careers).  College kids, outdoor enthusiast, great scenery.  I don't share the desire to quit the hustle yet, but good for you.  

Only thing I don't like about Duluth is my ears popping as I roll down the hill.