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All Forum Posts by: Davey McLaughlin

Davey McLaughlin has started 3 posts and replied 6 times.

Post: Rent By the Room

Davey McLaughlinPosted
  • Posts 6
  • Votes 7

Hello BP, I've been looking to buy my first rental property (small multi) within the next three months and have been looking to house hack while renting by the room. I wanted to reach out and ask everyone for there experiences with this strategy. If theres any TO DO's or Not TO DO's i'd love to hear them. Also would love to know if theres a strategy to find tenents of similarity such as college students. Thanks!

Post: Twin Cities area Cash on Cash return

Davey McLaughlinPosted
  • Posts 6
  • Votes 7

Thanks @Evan Kraljic. Both these scenarios an explanations helped a lot as I see now I need to consider initial equity from a under the market value property with a low down payment. Thanks!

Post: Twin Cities area Cash on Cash return

Davey McLaughlinPosted
  • Posts 6
  • Votes 7

Hello, I wanted to reach out and ask for the advice of other investors in the twin cities area what their target percentage for a Cash-on-cash return is when they purchase rental properties. (Specifically small multi-family) Thanks!

Post: Minnesota First Time Investor

Davey McLaughlinPosted
  • Posts 6
  • Votes 7

Thanks @Brandon Plombon! Will do, I plan to network and continue to educate myself as much as possible. Im excited to get hands on when I can and would love to connect sometime!

Post: Minnesota First Time Investor

Davey McLaughlinPosted
  • Posts 6
  • Votes 7

Thanks @Jeff Schemmel! I plan to start networking and attending local meetups asap. I would love to connect and hear how you got started as well, its super helpful to hear experiences and to learn what other people have done. Thanks again!

Post: Minnesota First Time Investor

Davey McLaughlinPosted
  • Posts 6
  • Votes 7

Hello Everyone, 

My name is Dave Mclaughlin. I am from St. Paul MN and I have decided to skip the college path and dive straight into real estate investing. I have been listening to BP podcast along with reading great books for awhile now I want to pull the trigger and buy my first property. I am aiming to house hack a multifamily quad-plex and would love to start building a team to work with and learn from. Im looking to connect with anyone who would be interested to partner and or work with me in the near future. Thanks!