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All Forum Posts by: Tyler Rasmussen

Tyler Rasmussen has started 13 posts and replied 94 times.

Post: Iowa Investor looking for suggestions

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

@Chad J.

I'm a real estate broker in the Waterloo/Cedar Falls area. We also do Property Management.

Post: Majors in Real Estate?

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

@Isaiah Moore

Nothing I learned in college made my RE career. I know there's advice both ways, but I thought it was very beneficial to get my RE license then eventually my brokers license. So that's one thing I wish I would have done earlier.

Post: Majors in Real Estate?

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

I would recommend going to college and getting a major where you have the potential of a higher paying job, with your ultimate goal of being a RE investor. I went to Iowa State and got my engineering degree. That allowed me to have a solid W2 income while growing my investments. Now I live in North East Iowa, own and manage a property management company, own 30 properties, while still having my W2 income to continue building up my war chest. In a year or two, I'll have the option to continue working at my W2, 'retire' and just do my RE stuff, or 'retire' fully and spend all my time with my family. But I wouldn't have been able to get here without the W2 income to support banks giving me loans, and the ability to ride the ups and downs of the business. 

Post: Any Multi unit investors in Iowa? Need help!

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

It really depends on the location of the property and if the units are metered separately. 

Post: Real Estate Meetup - Cedar Falls/Waterloo, IA

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

We are getting our second investor Meetup together. We are looking at holding it June 24th. We are working on a venue right now. As soon as we get it set, I'll let you know!

The property management agreement is with the broker. So whether you want to or not, the broker has to be involved. I would recommend getting your brokers license once you've had your salesperson license for 2 years and start your own brokerage!

Post: A Class Tenant Problems

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

That's pretty awesome, that tenant deserves a hand written thank you!

Hi Alycia, I own EPM Iowa Property Mangement. We manage over 350 units in the Cedar Valley and we are a NARPM member. I'd be happy to talk to you about your goals and how we can help you reach them!

Post: Our First Brrrr Property

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

I love the red door! And based on your cash flow and refi, you'll get all your cash back out in just over 10 months. Great deal!

Post: Cedar Valley Investor Meetup

Tyler RasmussenPosted
  • Investor
  • Independence, IA
  • Posts 102
  • Votes 87

We are working on scheduling another one for the end of June. Once we get it set up we'll let everyone know!