All Forum Posts by: Daniel Anshus

hi @Mike Holman if you are looking to be passive I would siggest speaking with @Todd Dexheimer and syndicators like him. He is a top tier syndicator and is the person I trust most with this. Feel free to reach out and I can connect you with Todd and other syndicators

@Reks Mouk are you working with a commercial agent? If not I can refer you some great ones

@Rashad K. I have some good companies I can refer as well as some cash guys. what exactly are you looking for?

@Kyle Donlea if your COC is 4.5% can you increase it? Are you able to add value, bedrooms etc? I have bought properties below my 10% COC requirements because I know I can add money and increase value and rents. I bought my duplex for 465,000 but currently rent 1 side for a little below market at $2,100 and will most likely midterm rent my side if I ever move out and make 5-7,000 a month on that side (during the summer). If you are not working with a realtor reach out and I can help you with this

@Stephanie Pinto there are very few newer small multifamily anywhere in the minneapolis market. Minneapolis/ saint paul proper will almost all be exclusively 1920 and older. Even the stuff in the suburbs is going to be older than the 90's. The 2 small multi family I own in the suburbs are both post war build but nowhere near 1990. The cost is too high and the land/zoning for small multi family is hard to get. If you are a builder and can cut that portion of the budget out then you might be able to find something but dealing with the city is sometimes a nightmare. Which I get that happens anywhere, but just adds to it.

@Lorenzo Sannibale the most important thing you can do is surround yourself with a team of people who can help you. I own 8 units and still ask a lot of questions to people a lot smarter than me. Feel free to message me and we can chat about what you have and what I would suggest you have/ do as well. I look forward to speaking with you

@Forrest Holden 1 months rent is typical in this market. I do know a good PM service that charges a flat rate but for a lot of properties it is actually more than 1 months rent. Thankfully in the minneapolis area it is super easy to place your own tenants as vacancy rates are so low you will usually have multiple people trying to rent your space.

Hi @Steve Sorensen I know a couple good local lenders that will do HELOC's on multifamily. Message me and I will give you their emails

@Mike Hjermstad I can recommend some good Facebook groups and meetups for you to attend. Message me and I can connect you with them

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