All Forum Posts by: Daniel Anshus

@Annie Weeks Great Question! So I am looking for a minimum of $400 per door, obviously it will change based on circumstances. But that is what I usually look for as a minimum.

@Justin Elliott you can self certify to 8% but how I read the law it is not guaranteed to be allowed and the tenant(s) can fight it as well. My biggest concern with saint paul is the rent control and the "reasonable" return. They are basing allowable rent increases by the CPI which isn't accurate for each market. I agree landlords will now raise rents to the max every year. But Minneapolis still has higher rents, housing prices and higher desire to live there. I do not think this will work well for saint paul in the long run. 

@Justin Elliott Minneapolis does not have a rent increase max? So why would you not be able to raise rents higher than 3% like in saint paul?

Are there no investors or realtors out in colorado that invest?

@Nathaniel Larson congrats! Welcome to the club! If you need any contractors or any help shoot me a message and we can connect!

@Nathan Gesner @Drew Sygit Thank you for your input. Thankfully I am an investor, PM and realtor so I know what to look for and ask. I just would like to speak with people who are on this platform as I believe in giving back to this community when possible.

@Lee Yang everyones pricing is going to be different and the scope of work is going to be different. Rather than trying to formulate a price PSF you should learn the approximate costs of as much as you can. You can learn this by working with people who are doing it, speaking with investors/ contractors. If you are looking for a GC there are a lot that someone can recommend but know that a GC will more than likely make any investment property to expensive to rehab

I have a cousin who lives in Wellington, CO and they are moving. They know I am a huge proponent of real estate investing and holding onto properties. They want to look into keeping this property and renting it out. They are looking for a great property manager and also a great realtor incase they choose to just sell instead. I am looking to connect with whoever is referred here and speak with them myself first. Please no self promotion only referrals 

@Wendy Man most likely yes. Most of the sewer lines in the area are original and are shifted, broken, flat etc. They are often clay and other bad sewer materials. You could always do a sewer scope to determine the condition of the line first. 

@Evan Kraljic hit the nail on the head. your COC return depends heavily on your method and your actual cash flow. I love the BRRRR because I can get all of my money out and have that "infinite return", but I am still going to want to cash flow $400/ month after expenses for a LTR