All Forum Posts by: Tim Swierczek

Quote from @James Hamling:

@Chris Seveney Lol, exactly what I was thinking. 

@Ken M. remember what I have said about the market dynamics, of the "Doughnut effect"? Minneapolis is a train-wreck of a city, because of a train-wreck of politics. But the market is not a singular city..... 

Maple Grove, MN, the average rent has increased by 5.2% year-over-year
In Ramsey, MN, theaverage asking rent has seen a year-over-year increase of 7.1% as of April 30, 2025
Lakeville, MN has experienced a 5.0% increase in average rent year-over-year
Coon Rapids, MN, the average asking rent has increased by 4.6% in the past year
Wayzata, MN reports a 7.9% increase in average rent in the past year
Chaska, MN, average asking rent has increased 5.0% compared to the previous year
Andover, MN has increased by 6.8% in the past year
Becker, MN as of June 2025 represents a 5.9% decrease over the past year.
In the past year (as of June 2025), the average rent in Sartell, MN has increased by 6.1%
Stillwater, MN, the average rent is a 6.1% increase in the past year

 You forgot St Paul, it will increase no less than 3% for eternity.

@Awe Jude, I'm concerned like @James Hamling that you have already purchased the property, and now you are looking at what to do with it. If you bought on 23rd AVE and it's below 40th, you bought a property that is a "price" STR. You, meaning you need to attack budget travelers. If you wonder why I say that I owned and STR on 40th and Portland and you may need to be above 46th to get out of the budget category. You need to research your comps and figure out what your nightly rate should be and furnish accordingly. This can work, but you need pro support or lots of YouTube videos really quickly, to make it work. In the meantime, you are without rent. @Andrew Street is being modest. He knows is stuff, you should check him out.

Quote from @Calvin Stewart:

Hey BP,

I’m 17, turning 18 in 40 days. I’ve been studying real estate actively for a year now reading books, listening to podcasts, etc. I’m wondering: what is the best way to build wealth within this niche? What strategy is best to start off with?

I've heard about house hacking, which seems promising as a first investment. But how can you scale up quickly? Would it be through creative financing or the BRRRR strategy?

Let me know your thoughts, thanks in advance!

I love your enthusiam, but you are asking the wrong question. You're trying to run before you can walk. Slow down and figure out who to identify and source good deals. You can meet other investors and learn how to house hack get your first deal and move to the next.

There is a social scheduled fo July 1. Not allowed to post full details here search St Paul Meet ups and you should find it.

We’re hosting an informal get-together for real estate investors in the Twin Cities — no presentations, no agenda, just real conversations and good vibes in the backyard.

📅 Tuesday, July 1
🕔 5:00 – 7:00 PM
📍 2295 Edgecumbe Rd, St Paul, MN 55116
🥂 Drinks, snacks, and great company

Whether you're deep into deals or just getting started, come hang out with others in the local investing community.

👉 RSVP to Meetup.com link:

Feel free to bring a friend. Hope to see you there!

#RealEstateInvesting #TwinCitiesInvestors #Networking #NoPitchZone #BackyardVibes #Minneapolis #St Paul #MN #Minnesota

@John Lewis sounds like you need to get a commitment from the builders, put the land under an option contract, and then assign the contract to the builders. Have them pay you an option fee and do their due diligence.

Hey @John Lewis The best people to ask would be the local land brokers in your office. People from other parts of the country or non-land brokers are not likely to give you an accurate view. You may get some good tips from builders as to what interests them. Have you gotten information from the farmers as to the terms that Lennar & DR Horton will offer?

Hey @Luis Maqueira:

I'm in the St Paul area, live and invest here. Let me know if you want to talk about this market.

You're going to lose tenants who want to smoke in their units, but you're going to gain tenants who don't want to walk through hallways that smell like smoke. And, you will get tenants to rent who are currently turned off by the smell after the showing. I think it will be a net positive. No need to worry, if a tenant wants to smoke inside, they will leave. You don't want those tenants anymore, so move on, politely and professionally. You are correct in that you have to wait for leases to end to forbid it in the units. I am not an attorney, but I doubt you need to wait to forbid smoking near the doors or in common areas. You also have the option to try to negotiate through a cash-for-keys deal to get individual smokers to leave early.  That might be helpful for any recently signed leases for tenants who smoke. Many non-smokers will not rent from you until the building is 100% non-smoking.

Hey @Mason Vitalis 

Good overview—I'm on the same page with most of your points. I haven’t done a deep dive into the tax differences between Hennepin and Ramsey counties, but from my experience as a loan officer, they seem fairly comparable, with Hennepin trending slightly higher on average. Curious—what data or method did you use to determine that taxes are higher in St. Paul?