All Forum Posts by: Cale Pell

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $330,000
Cash invested: $11,700

Fourplex with a large 5 stall garage. Unit mix includes one 3 bed 2 bath, two 1 bed 1 bath, and one 2 bed 1 bath.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Deena Becker, Hegg Real Estate
Gabe Whitmer, The GW Team, Mortgage Banker

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $145,000
Cash invested: $29,000

This duplex is located at W 16th St , Sioux Falls, SD. It is in the Augustana/USF/Sanford neighborhood. This property has 3 bedrooms, 1.5 bathrooms and approximately 1,260 sqft of floor space.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Deena Becker, Hegg Real Estate

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $145,000
Cash invested: $29,000

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Deena Becker, Hegg Real Estate

Hi Dave Laird,

I covered the 100 year old hard wood in my property with a floating look a like. The thought for this was to not have to refinish the floor every time we turned around. Has a vaper barrier to protect even more.

When it is time for me to sell we will pull up the "cheap stuff" and refinish them. Witch will help with resale value.

I would stay away from carpet in main living area's.

Thank you, for the info everyone!

Looking to start investment properties again in the Sioux Falls, SD area. I have decided to set up an LLC. Is a lawyer necessary for a rental property business start-up?

If yes, please list recommendations if you know of any practicing in South Dakota.