All Forum Posts by: Sawyer Lubke

@Sean Sweeney Welcome to BP! I lived in Togiak, AK for 10 years and now I live in Minneapolis where I'm an investor/agent. I actually have friends in town right now from Anchorage. Best of luck with your first real estate investment. Feel free to reach out if you would like a second opinion. The BP community is a great resource to leverage. 

Cheers, Sawyer 

@Lisa Culp Welcome to BP! I'm a local investor/agent who foes fix/flips and buy/holds. Feel free to post questions or ask for advice. This is an excellent network to be a part of. 

Cheers, Sawyer 

@Greg Olson @Travis Sperr I know an attorney in the twin cities area that has done dry double closings. Travis, can you provide evidence that is for sure illegal? I'm very interested because I've heard that it is and is isn't but never seen proof. 

Cheers, Sawyer 

@Travis Schofield Welcome to BP! I'm a local investor based out of Minneapolis. What are your wants/needs and what do you have to offer? I think this is a good start to understanding where we can help you and where you can help everyone else. 

Cheers! Sawyer

@Maxwell Channon Welcome to BP. This is a great place to learn. I would recommend starting to create an action plan on how you want to specifically diversify your investments in real estate. Feel free to post any questions you have as well. 

Cheers, Sawyer 

@Munira Hassan A couple items come to mind:

-Is the property on a busy street?

-Does it have a full basement?

-Is it in a flood plain?

-When will you have to repair the big items? (roof, electrical, plumbing, driveway, etc.)

-Does it have a garage?

These are a few items to take into consideration. Best of luck on your home search!

Cheers, Sawyer 

@Greg W.

Minimum 25% return on capital (I try to find equity plays in rentals to hit this goal), no war zones and I prefer the properties to be 1950's+

@Benjamin Cate Welcome to Bigger Pockets and congratulations on switching to real estate investing full time! I'm an investor based out of Minneapolis, however I grew up in WI, went to Stout, and have had a few Point beers in my day. If you are ever in the twin cities and want to meet up for coffee to discuss real estate, send me a PM. 

Cheers, Sawyer 

@Greg W.

I would make sure you are 99% confident in your repair budget. 10K goes very quickly. I probably wouldn't do this deal as it looks like it wouldn't meet my cash on cash return goal. Did you include utilities into your calculation (water/sewer), lawn/snow removel, capX, and repairs into your rental budget? Does this meet your investing goals?

Cheers, Sawyer 

@Cory Schwalbe Best of luck starting your wholesaler business. There are going to be challenging times, persistence is the key to the door of success!