All Forum Posts by: Alex Moseman

Hello Bredon,

My folks are going through a similar plan to rent our cottage for short term rental in Muskoka.  Can you share the insurance broker information you were able to find?

I am curious about understanding typical expenses in the twin cities region. I have been looking on the MLS and a lot of the houses I have been seeing are rather old, typically built between 1900 - 1920. Of course, the winters in Minneapolis aren't easy on houses, but I assume builders in this region are well aware of what it takes to build stable buildings for the environment. I was curious what are the common repairs needed on these types of houses? What are reasonable replacement durations for these items? Is there any recommendations on repair and Capex rates that people find useful in calculating rates based on the formidable weather?

Thanks @todd dexheimer , I have been looking into it more, and I was curious how much expanse is pushing out to the east/northeast? Is there a fair amount of commuting from Little Canada, Vadnais Heights area? It seems like Ramsey county would be worthwhile area, but given how bad traffic could be, I was curious if people are more focused on moving north Brooklyn Park, Spring lake park, new brighton area?  Any help is greatlly appreciated. 

Best,

Alex

@Todd Dexheimer apologies, I am a new and looking to get into investing specifically in the Twin cities area.  How do you find/define A,B,C,D neighborhoods in the twin cities?  I am OOS and very interested in trying to learn more about Duplex/Triplex that may be available.

I know that the answer is always it depends, but I am very curious what a good ROI C-on-C range is? Is it just go as high as possible? I am trying to learn as much as I can while I am saving up to invest next year. My goal is to have a million dollar net worth in 10 years through buy and rent duplex/triplex. I have a stable job, but am hoping to keep my real estate holdings cash flow positive and contained. Is beating the 10 year S&P mainly all we have to work with, or does the ROI actually differentiate your analysis and if so how?

I'm a US citizen living overseas, currently in the UK. I'm really interested in getting started in but and hold multi family rental. I've been reading a number of books and articles, starting to analyze some properties and setting up lenders and brokers in my selected area of the Midwest. I was curious if anyone knew of good resources or preferably meetings for out of country investors? 

@Christopher Phillips thanks man, that's exactly what I was looking for. Appreciate the help.

HI,

I am trying to get into the real estate investment game... from a long distance away. I have what may be a very basic question, but I noticed this property on trulia https://www.trulia.com/p/mn/white-bear-lake/4671-b... that looked interesting. I started trying to get some details on it through the local county website ( https://beacon.schneidercorp.com/application.aspx?... ) and noticed that the estimated market value for taxation is about $60,000 below the asking price. I know there are a number of factors that relate to pricing a house other than tax assessment, but cash flow and ARV aside, is $230k as an offer, too high or too low? It's hard to tell who is right in these kinds of equations . Any help is greatly appreciated.

Best,

Alex