All Forum Posts by: Nathan Platter
Nathan Platter has started 13 posts and replied 334 times.
Post: How cheap do auctions go in Minneapolis?

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
Definitely look for Value Add opportunities. $25k would barely buy a rental in a rough area but doing some Value Add (through Hard Money or Conventional, @Tim Swierczek does both) would make your money go farther.
Could also find deals from wholesalers, but look for Value Add.
Post: 2% Rule & Southern Minnesota Market

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
Hey @Justin Egge
The above responses are all valid. Very true it's not Apples-to Apples comparison since the markets, tenants, contractors, political goals,... are all different (my assumption)
If you're trying to self manage, I'd definitely stick to your B criteria. If you're looking for higher ROE then consider Professional Management to handle your holdings so you still buy time. 2% is great but the appreciation upside isn't as likely so you'd have to buy at a discount to refinance and get your funds back in a few years.
Post: Bought my 2 rental property last week

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
@Jarrett Harris Congrats on getting another one under ownership, making good process!
Post: Would like to take out a HELOC on a paid property. Advice?

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
@Tim Swierczek knows financing, he can point you in the right direction.
Post: Newbie from Minneapolis, MN

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
Hey @Brian Comiskey,
Welcome to the forums, would be happy to connect and hear about your line of work. Business Ownership and Real Estate are the two biggest vehicles towards building an empire.
Post: 2018 Pine Financial Investor Success Summit

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
Looks awesome! Will definitely be there.
Post: Looking for handyman in Minneapolis

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
Hey @Tyler Anderson,
I'll PM 2 handymen
Post: St. Paul MN Minnesota, Duplex, over 1% rule, up down, almost 2%

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
Upper Unit (vacant)
Currently vacant, 2BD/1BA.
Market Rent: $1,075
Lower Unit (will be vacant)
1BD and 1BA on main level
2BD and 1BA on in fully finished basement
Market Rent: $1,260
Close to 8 foot ceilings
Photos: https://www.dropbox.com/sh/ezfybaql5mfmrkl/AAD7WdgUh7zibfkquH8N-JCSa?dl=0
Comps within .25 miles https://matrix.northstarmls.com/DE.asp?ID=20726263365
Estimated rehab: $10,000 to keep it rent-grade
yellow house
Post: How to Rehab a Rental Property!

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
- What vendors do you use for materials? HD, Lowes, online,...?
- How are you sourcing subcontractors when referrals aren't available?
- How are you estimating your rent amounts?
- Do you "always" turn over certain rental features after each tenant? e.g. always kilz, replace carpet,...
Post: 4 Turnkey Single Family Homes for sale in Minneapolis Market

- Real Estate Agent
- Minneapolis, MN
- Posts 361
- Votes 296
@Jay Lohn, Thank you for putting this into a clean, easy to read format! So much nicer reading a clean offering.