All Forum Posts by: Sawyer Lubke
Sawyer Lubke has started 4 posts and replied 147 times.
Post: Two successful flips in South Minneapolis, MN!
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Jesse Lynch Thanks for taking the time to share your flip success stories! Best of luck on your next investment. Cheers, Sawyer
Post: Monte Mayer from St. Paul Minnesota
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Monte Mayer Welcome to BP from a fellow Twin Cities investor. Congrats on closing your first duplex and best of luck developing your portfolio! Cheers, Sawyer
Post: Wrap around mortgage in the state of WI
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Pari Thiagasundaram Could you sell it on a Contract for Deed or Land Contract instead?
Post: Minneapolis/ Twin Cities Investors
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Ryan Anderson Welcome to BP! I'm an investor/agent based out of Minneapolis (in between Uptown and Downtown). I'm looking for a rehab/rental project currently. I'd be happy to grab a cup of coffee or a beer. Let me know when you are in the area.
Cheers, Sawyer
Post: Seller Carryback Workaround?
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Pete Sailhamer I'm trying to think of solutions to your problem. Is there anyway to have him put a lien on a different property you own to secure the financing? Is there a way you could do some type of joint venture agreement where he keep 10% in and then he gets a % of the profits from the building and when he's paid in full his ownership percentage disappears? Best of luck with this! Cheers, Sawyer
Post: County Records with no sale info
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@DuWayne Jones I would make a quick phone call to the county and ask them. I'm guessing the sale happened before it was recorded electronically. The county may even be able to provide you with the exact year they started entering sales into their system.
Cheers, Sawyer
Post: New member in Minneapolis, MN
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Andrew Eggimann Welcome to BP from a fellow investor/agent based out of Minneapolis!
Post: Hello from balmy Minnesota
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
Welcome @Steven Eitreim to BP. I'm a local investor based out of Minneapolis. Please feel free to post questions as you move along. Best of luck starting your investing career.
Cheers, Sawyer
Post: Rental properties financing
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
@Account Closed I'm a local investor from Minneapolis. There are a lot of different ways to finance rental properties and the best one may depend on your situation. You can put around 20% down and buy with traditional financing (cheap 30 year money). Some investors buy/fix/rent/re-fi into long term financing. Some investors use commercial financing (closer to 5% IR and different terms). Some investors use seller financing. Some use private financing.
Post: Closing costs in Minnesota
- Real Estate Agent
- Minneapolis, MN
- Posts 161
- Votes 27
No problem @Francis A. If any other questions come up, please feel free to ask!
Cheers, Sawyer