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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 35 times.

Post: To Carpet or Not to Carpet. That is the Question.

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

I second that @Mark S.  Being from Minnesota you gotta have carpet in the bedrooms.  Nothing worse than waking up in  the morning and stepping onto a cold wood floor or even worse, tile!

Post: South Minneapolis Real Estate Investing Meetup

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Won't be able to make it this Thursday but looking forward to attending the next one!

Post: First Flip Closed in South Saint Paul, MN

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Congratulations @Tanya Rooney!  Both of us closed our first deals over the last few days, so exciting! Please keep us all posted on how the flip comes along!!

Post: Finally Closed our First Deal!

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Thank you @Tanya Rooney!  I figured I needed to get better about posting on here and meeting people and this was something that I was excited to talk about! Couldn't agree with you more! On to the next one now!

@David Schwan

@David Schwan thank you!

Post: Finally Closed our First Deal!

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Thank you @David Barnett!

Post: Finally Closed our First Deal!

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Thanks @Richard Di Giulio!  You just have to dive in and go for it.  I think I have learned more diving in and just doing this deal than I have in the two years leading up to this deal.

Post: Starting out in Minneapolis

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

@Mark Hong I am a native of the Twin Cities and just purchased my first investment property here on Friday.  I would be happy to share with you some of my insights about the market but from what I have read in a couple of your last posts I think you are spot on with regards to job growth and it generally being a great place to live.

To @Josh Collins point you definitely will have to spend a little more and probably run the numbers on twice as many deals to find one that works.  That being said though, if you are willing to put the time in energy into it and have the money I think it would be a great place to look long-term.  

Feel free to reach out @Mark Hong if you want to continue the discussion.  I'm curious about your experience investing in Iowa.  I spend a lot of time down there and would love to learn more.

Post: Finally Closed our First Deal!

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Thank you @Stacey Paulin and @Trina Butler!!!

Post: Finally Closed our First Deal!

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35
Originally posted by @Caleb Heimsoth:
@Brenton Braddock

What type of deal was it? How did you get the lending to work with 4 people? Was it commercial lending?

 It was a condo just outside of Minneapolis.  We utilized a commercial loan and put 20% down.  25 year amort, 10 year fixed rate.

Post: Finally Closed our First Deal!

Account ClosedPosted
  • Rental Property Investor
  • Minneapolis, MN
  • Posts 37
  • Votes 35

Thank @Omar Khan for the words on encouragement!