All Forum Posts by: Andrew Hagmann

@Zack Karp late to this thread but curious. Can you still do an FHA Streamline if you don't live in one of the units anymore? I'm in a similar boat. Still occupy one side of a duplex purchased with FHA but may be moving out soon.

@Jennifer B. So basically one has to be sure that they're not pulling out so much on the refi that the cash flow on the house#1 goes negative? Unless, I suppose, they are going to cash flow a huge amount on house#2 and need that large amount. I have always wondered about this as well. Thanks for the explanation!

@Bruce Runn Just curious how will you handle utility payments for a potential ADU? Will you be able to separately meter the electricity, gas, water? Or will you plan to pay and charge tenants yourself? Or just include it in rent? I've never looked into adding a unit to a property and don't know how tough/possible it is for utility companies to separate new unit usage.

Interesting stuff, thanks for the responses everyone. It seems like the general consensus here, and most elsewhere, is that trying to time a booming market (aka speculating) is unwise unless you can afford the risk. I’m just starting out so I’ll stick to searching for cash flow, but it sure would be nice to have a property double in value in just a few years.

Hi everyone, A few weeks ago I attended a local investors meet up and one of the presenters said something interesting when asked about areas of the city that he thinks will produce strong rental property investments. He said to “follow the hipsters” because the areas they gravitate to tend to become strong markets. I’ve thought about it more the last few days and it seems to be a fairly good indicator from what I can tell. At least in the Minneapolis area. Though I’m sure there are many exceptions. But it got me thinking: What are some other good indicators/trends/things that you look for when analyzing an area for investment properties? I suppose I’m more wondering about neighborhoods that could soon be transitioning from a C or D to an A or B area. Basically, early indications that an area will be profitable in the near future. Cheers! Andrew

Hi everyone!

I'm a new investor from the Twin Cities area of Minnesota.

I'm hoping to get into buy and hold investing, though I'm interested in learning more about flipping as well. My goal for 2018 is to buy and house hack a multi-family property in the metro area of Minneapolis-St. Paul, which could be a tall order given the apparent hot market in this area right now. But regardless, I'm excited to get started.

I think this community is an awesome way to connect, learn, and help each other.