All Forum Posts by: Bryon Andrews
Bryon Andrews has started 7 posts and replied 151 times.
Post: Emerging cities for rental properties
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Quote from @Saurabh Dua:
Hello Folks
Looking for some insights. I am planning to Invest in my first rental property. I have few properties shortlisted but I am looking for insights from you all in terms of which are Emerging cities in MN that will provide good appreciation and will have an increased rental demand.
I want to get a tenant as quickly as possible so dont want to invest in a city that doesnt have a strong rental market.
Thanks in advance for your guidance.
Hi @Saurabh Dua Minnesota has a strong rental market. I own a couple of duplexes in Stillwater and have no issue finding tenants. I have a number of commercial and residential rental units in St. Croix county in Wisconsin and have actually found it easier to find tenants there than in Stillwater. If you can provide quality housing anywhere around the Twin Cities, you shouldn't have an issue finding a tenant. Feel free to reach out and we can chat more about specifics and appreciation.
Post: MTR/LTR fixer upper in Duluth, MN
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Great work!
Post: CPA/Tax attorney recommendations
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
@David Paull I use George Doyle out of St Paul. Him and his team have been great to work with so far!
Post: Looking for Investor focused friends! (Bonus points if in Mn or Wi)
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Quote from @Devin Olson:
I'm sure like many of you, I've found myself at a crossroads as I shift from a younger fun focused mindset into a determined investor with a plan of financial freedom.
I'd love to connect with other investor focused individuals from friends to mentors, I may not have much to offer...but I have bad jokes and a positive attitude.
Have a great day,
-Dev
Hey Devin, welcome! You have come to the right place to learn! I am an investor and a real estate agent in both WI and MN. I'll send you a message on here and we can chat more.
Post: Townhomes and condos vs. stand alone single family?
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Quote from @Kiersten Hegna:
House hacking may not be for us. We’re older and well established. Perhaps I’m underselling it?
When you say Minneapolis is “interesting” what do you mean? Seems expensive for sure! Was thinking of long distance to start. Thoughts?
The key is to take action and get started. Look into what your strengths are and leverage those strengths. If you don't know your strengths, a great way is to learn by doing and surround yourself with people who are willing to help.
If looking out of state, do you have the advantage of someone you know like and trust with boots on the ground to help you, or are you going to build your team once you find a deal? There are opportunities everywhere, both SFR and Condos/TH can provide this.
Like @Russell Brazil said, condos generally don't appreciate as well and that is true from my experience in the Twin Cities. I am not saying that they are a bad investment though. All depends on what your goals are with investing.
Post: First time home buyer
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Quote from @Georgina Graham:
Hi there,
I have been pre-approved for $350,000 and have looked at few houses and I am in between 3 houses that I like. One is in Spring Lake Park, MN, another is in Andover, MN and the 3rd one is in Shoreview MN. I would like to buy this property as an investment property, live in it for 1-2 years and sell. Which area do you think is the best to buy this property in? Any tips from Minnesota investors who are familiar with the local market would be greatly appreciated.
Thank you so much!
Georgina Graham
Hey Georgina, I like your strategy here of doing a live in flip. My wife and I completed one in White Bear Lake. It is a great strategy if you focus on adding value. Any of those 3 communities that you mentioned will provide what you are looking for. Feel free to reach out and I'd be happy to share some insight from my experience.
Post: Newbie from Eau Claire, WI looking to network!
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Hey @Rebecca Schwanz! Welcome! I am an agent and investor in MN and WI. There are great flip opportunities in Western WI. Especially St. Croix, Pierce and Polk counties. I would be happy to hop on a call sometime and talk strategy.
Post: Investor friendly agent and lender - Hoping to house hack in Minneapolis
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Hey @Mark Wilson I just sent you a message. I am happy to hop on a call sometime!
Post: 1031 Exchange for around $180,000
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Quote from @Colin Luz:
Hey everyone, I'm looking for someone to help me find a property in the Rochester, MN area for roughly $180,000-$200,000 that I can do a 1031 exchange for. I'm having a hard time finding anything in the La Crosse, WI area and I only have a few more weeks to find something so I wanted to throw this out there. Would love to find a small multi-family with 2-4 units, but any help is greatly appreciated!
Thank you,
Colin
Hey Colin, I have a property in Hammond, WI that you may be interested in. I just sent you a message.
Post: MTR Cleaning referrals in MN?
- Real Estate Agent
- Saint Paul, MN
- Posts 151
- Votes 80
Hey Heather, I have a couple of cleaners who have helped me on my rentals here in the Twin Cities. I'll send you a message with more info.