All Forum Posts by: Michael DeVowe

@Dean I. Hutchinson is a good area but a ways from Montevideo.

I was just talking to a friend that owns a hardware store in Cottonwood.  He said a cabinet shop that employs 200 of the 1,200 residents in Cottonwood is shutting down, so that is probably an area to avoid.

I agree with @Dick Rosen.  Buffalo is a really great town in a nice location.  I used to live there.  Dassel and Cokato are also good rental markets.  A friend of mine has several in each town.

Willmar and Granite Falls might be worth looking in to as well.

Partner with someone.

You still haven't shared the address...

Definitely get rid of that nasty window and install a glass block window as Frank suggested. Or remove it entirely and install a nice surround (preferably a one piece). Toilet and vanity will probably be just fine after a good cleaning.

Here are some books I've read, and all these are recommended from the BP podcast.

[ ] Rich dad poor dad

[ ] Flipping houses exposed

[ ] Millionaire real estate investor

[ ] Investing in apartment buildings Matthew Martinez

[ ] The richest man in Babylon

[ ] Multi family millions

[ ] Building wealth one house at a time

[ ] Down to earth Landlording

[ ] Landlording on auto pilot

The first thing I said when I saw the outside before and after pictures in particular was, "Wow, that's quite the difference!". Excellent work and congrats!

@Kaelyn Hearn I quickly looked at this, but if the numbers only work with your buy price of $395k, stick to that number.  Otherwise, you may become emotionally attached and end up paying too much.

Also, no closing costs?  No repairs (new paint, any sort of updates you want to do once you buy it, etc.)?

ProCare is top notch.  http://ProCareMN.com

@Will Westlund Great!  Be sure to listen to the podcast episodes.  There is a host of knowledge from experienced investors on there.

@Sam Whisman are you connecting and networking (read: meeting face-to-face) with other investors in your area?