All Forum Posts by: Blake Olson

Thanks @Dan B. your your kind recommendation. 

I will say @Tyler Giering we do seem to have a very good potential match. I work with several investor clients in the Minneapolis area and I also have multiple investment properties myself. I really enjoy educating my clients and making sure they get into a good long term property that will positively cash flow and meet there investing goals.

Hello @Shane Setzer,

Sounds like you have a lot of great experience. I lived in NE myself and have a number of properties in NE too. I started by owner occupying a triplex as my first place and it worked great giving me a lot of options to move onto the next ones. I'd definitely be open to mtg up at some point as I have a lot of knowledge in investing and I'd be happy to learn about the in and outs of successful management and maybe even some roofing too.

Regards

Hello Justin,

Good questions that I'm sure many of us have wondered at some point in our Real Estate investing careers.

Some of the answer depends on personal risk tolerance. 

Earlier in the game you certainly need to leverage yourself higher to get enough money to purchase more real estate to grow your unit count. But usually the biggest factor is how much you can pull out and still be able to qualify for additional purchases. 

Do you have good solid income to keep producing additional down payments for more properties or do you need the equity for your next downpayment?

Depending on your tax bracket you may actually be getting the money at much less than 4% if you can take advantage of the extra interest deductions...

* On your side note, no you are not taxed on the additional money pulled out because it's just a loan, not income* Another great beauty of real estate investing. 

As you are probably realizing from my response; there are lots of different factors to consider when thinking about how much equity to pull out of your current investment property.

If you'd like to get together or discuss further I'd certainly be open on my end. Best of luck.

What part of the cities are you in? Finding a niche is a good thing to do. Sometimes you also have to just get in to a good first property and then develop your niche from there. It's hard to determine what makes you tick before you identify where to insert the batteries ;)

I have used Orlando 651 329-8414 with great success. He's not far from you. 

Welcome Benjamin! 

I think we should connect. I was in your exact place about 10 years ago and I have helped countless other young ambitious people do the same thing as well. I'm an agent in Minneapolis and have almost 20 investment props in the area. It all started with the same seed, I wanted to buy a duplex/triplex that can cash-flow while I live there, then do it again, and again... I have lots of references from past clients who got started on the right foot as well if you'd like to get in touch.