All Forum Posts by: Bryon Andrews

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

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? 

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 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

Noobie here. I have no properties, but I want to start my real estate endeavors with either a house hack or a fix and flip.

I'm in the Twin Cities, so my target market is North Saint Paul or the suburbs of the Twin cities.

So here are the two options that I carved out for myself:

A) Start with a fix and flip using a hard or private money lender. Then, use its profits to purchase a house hack with a FHA loan. Repeat the process every year.

B) Start with a house hack instead, using either a FHA or USDA loan. Perform a fix and flip after getting my feet wet with house hacking.

I would have about 14-15 grand saved by April next year. By then, I could pull the trigger on one of the options.

With that said, here are my questions:

1) What's the best area to invest in for a house hack or a fix and flip in the Twin Cities area? Is North St. Paul a valuable option for both?

2) I'm getting mixed opinions about this based on my research, but with the current market conditions, how much money should I save up for a fix and flip if I go with option A? Is 15,000k good enough in your experience?

3) Which options sound preferable based on my conditions?

4) This might be tangent from my post, but what primary sources do you use to understand market conditions, especially here in Minnesota?

Links to resources and reading material would be greatly appreciated. Thanks in advance.