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All Forum Posts by: Daniel Anshus

Daniel Anshus has started 14 posts and replied 404 times.

Post: Uptown Duplex -- Just Getting Started

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

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

Post: Looking for a great PM and realtor

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

@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.

Post: Recent Rehab cost?

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

@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

Post: Looking for a great PM and realtor

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

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 

Post: Service Line Insurance coverage?

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

@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. 

Post: Twin Cities area Cash on Cash return

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

@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

Post: New Member/Investor Introduction

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

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

Post: Need help listing a commercial property office unit for rent in the Twin Cities area

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

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

Post: Mechanical Contractor Recommendations Appreciated!!

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

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

Post: What kind of COC returns do you like to see in Multi Family ( duplex- Quad)

Daniel Anshus
Posted
  • Realtor
  • Bloomington MN (bloomington, mn)
  • Posts 438
  • Votes 260

@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