Offer in on 8 plex - 35K noi, with creative financing
Monday, March 06
My wife and I were exhausted after rehabbing our 4 unit building in Crystal. We got new tenants and higher rents, but we were burnt out. One of my realtors reaches out to me last month about an 8 plex in Southern MN I have long had my eye on. First reaction was 'pass'...we were too tired. But...
Keeping Quiet When It's Really Good
Monday, August 08
The repairs are going into our properties, raising their value. The loan balances are getting lower. We are going on a two week vacation this week. Two weeks of no income for my wife, who is self employed, and yet, due to our rental income, this vacation and our finances are great. We won't s...
Eight Units Enough for Now
Monday, June 20
I've been pretty nervous since our acquisition of our 4 plex in February, because our cash reserves were impacted more by the acquisition than I had planned. Just this month, got my capital reserve back, and now focused on paying down debt over the next 6 months and refinancing the 4 plex. I am...
Should Investing be Hard Work?
Monday, April 18
I went to a local note group last week, and then posted about my experience in Bigger Pockets. Got a lot of great responses on the forum. But the one thing that struck me about note investing, and about the responses I got back from most commenters on the forum, is that Real Estate investing i...
MileIQ and Multi-Looking
Tuesday, April 05
I found out about Mile IQ after forgetting to log some miles. I went to by Google Play store, found it had good reviews, downloaded it, and after using it a few days, signed on for a one year subscription for 60 bucks. No more filling out the log book. Now I will get printed reports with busin...
Four Plex Reaping HUGE Rewards
Wednesday, March 30
Just checked out Hotpads, doing a little rent research, and the vacant but nearly identical similar building across the street with a new owner, is listing his units at $1100.00, over $200 higher than my rents. I just raised rents $140.00 a month. The market is roaring higher in my purchase are...