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All Forum Posts by: David Annis

David Annis has started 3 posts and replied 6 times.

Good point Mark. Here's where I'm at. I'm mostly interested in opportunities in / around Minnesota. Mostly office, warehouse or retail. I'm fairly familiar with things like NNN lease options, but the cash needed to get solid properties and leases is likely beyond my reach. For example, I love the idea of purchasing a Dollar General with a 10-15 year NNN lease with a cap rate of 7%+ but I'm guessing I couldn't come up with the cash for the down payment.

I'm interested in long term investments that would help cover college or retirement 15+ years from now as well as shorter term investments that provide modest recurring cash flow.

As far as capital, it depends. I'd be interested in hearing about what kind of investments are available at different levels, but realistically I'd be looking at something sub 100k.

Again, the amount I don't know could fill an ocean, so any good starting points would be helpful. I've already found a handful of decent articles on BiggerPockets and sites like Investopedia. Would love any additional pointers to help sort through the clutter.

Thanks

Hey there,

I'm hoping the community here can help me get some of the basics down. I'm brand new to the idea of real estate investing and although I was initially interested in single family, small multi family properties, I've recently become more interested in the commercial side of things.

I'd love any pointers, best practices, watch outs, good books to read, etc. on the subject. Again, I'm just starting, so I'm the basics are welcome.

Thanks in advance for the help.

Post: Total Newbie Question from Minneapolis

David AnnisPosted
  • Minnetonka, MN
  • Posts 6
  • Votes 0

Thank you all for the quick turn advice, I'll definitely look into these options, especially the Homepath loans.


Thanks again!
Dave

Post: Total Newbie Question from Minneapolis

David AnnisPosted
  • Minnetonka, MN
  • Posts 6
  • Votes 0

Hey there,

I'm new to BiggerPockets and investing in general and had a question that I'm sure many of you have answered over the years, likely in the forums as well.


Anyway, here's the scoop. I'm new to investing. I own a home in Minnetonka, and want to purchase a sub 200k single family home as a rental. Its my understanding that I'll likely need 20% down for a second, non owner occupied home. So

1 - Is that an accurate assessment?

2 - I could come up with the 20% in cash, but I'd rather keep that liquid if possible. Are there smarter ways to finance a rental property vs. dropping all that cash up front?

Thanks in advance for your patience and consideration.

Dave

Post: New Member Introduction from Minneapolis, MN

David AnnisPosted
  • Minnetonka, MN
  • Posts 6
  • Votes 0

Thanks for the welcome!

Post: New Member Introduction from Minneapolis, MN

David AnnisPosted
  • Minnetonka, MN
  • Posts 6
  • Votes 0

Hello there, my name is David Annis and I'm new to BP. My wife and I recently welcomed our second daughter to the family and I'd love to learn how to leverage real estate investing as a tool to save / earn for their futures.

I look forward to learning from the folks here and sharing whatever usfeul experience I may have.