All Forum Posts by: Randy Bloch

You could reach out Scott Jensen.  He is on bigger pockets.

Park it in high yield online savings account 

https://www.businessinsider.co...

If you can't sleep you probably are too leveraged or don't have enough reserves.  I worried about these things in the beginning when i didn't have proper reserves....but with proper reserves u just have to deal with the issue to best of your ability. I had sewer backup in both side of my duplex, $35k damage and insurance would not cover.  It stressed me out for bit...then it pissed me off for awhile, but in the end it is what it is and I just had to deal with it.  I realized worst thing can happen (people can get injured from fire or crime) this was a problem deal with and may delay my investment objectives, but in the grand scheme of thing was not that big of deal

@Joseph Barnes

A lot of townhomes or condos homeowner associations require minimum 12 month lease so u can't do STR legally. Be sure to watch this. Some other offered this advice...probably want to dig into STR quite a bit before u make it your first purchase. I stayed at STR a couple times a year for the last 10years. You can learn a lot from being a customer. Best of luck.

I am honestly not that worried about the Debanding of the police...I don’t think it will happen and if it does I would hope it won’t take long for people to realize we want someone to have guns other than criminals. We need to make some changed with police here...but don’t see how this is the answer....purely my opinion, don’t really want to debate that here.

Housing hacking #s are getting tougher here in Neighborhoods where most people want to live, like Uptown, NE and most of the southern and western suburbs are pretty Expensive.

Housing hacking aside, the twin cities has a lot to offer as a place to live.  Standard of living is pretty good here...housing reasonable and pay for corporate types jobs above average and economy is pretty diverse, not dependent on any one industry.  

And there will always be some demand for housing here as most Minnesotans refuse to live anywhere else :) 

Thx for the response.  So as GC you are capturing the margin of the middleman.  The OP would not having this advantage unless he plans to be the GC so probably would not make sense for him to build.

Bruce, when U say u build....u mean u build yourself or your paying a contractor to build triplexes first you? 

I agree you want to survive down cycles as nobody reached FIRE through bankruptcy, but i don't think it is that easy to take on leverage when the market tanks.  Often time lender tighten the requirements or stop lending.  

Do you work at the same company as me ...or is corporate america just that common....if I hear do more with less one more time this week :)

this could spur redevelopment of some areas that is really needed it, but wasnt happening for one reason or another.  Some of these big box retail spaces in the urban core have huge land footprints that can be redeveloped into some much more urban friendly areas.  we have huge affordable housing issue in in Minneapolis so maybe some mixed use development that are more than one story high...some of the old urban core was not that well designed.  This could be great opportunity to better utilize the land, make it more urban friendly and add housing.  There will be positives to this.