All Forum Posts by: William Gunlogson

those r advertisements in Redfin not the actual agent.  Thanks for the help but I need the actual listing agent

Originally posted by @Dylan Swanson:

Hey @William Gunlogson ,

Redfin.com has this information much of the time. If you have or know someone with MLS access, it's posted there too, of course.

Is there a way to find out the re agents on past sales in Minnesota? Thanks Bill

Thanks Paul!  

Originally posted by @Jerry Padilla:

@William Gunlogson

If you have the time and effort to put into rehabbing and increasing the value, doing a cash out refinance based on ARV is a great way to keep money in your pocket for more investments.

Here is some info from my blog on cash out refinancing. You can go this route with up to four mortgages than you are subject to the delayed financing exception. 

http://www.biggerpockets.com/blogs/5110/blog_posts...

 Thanks Jerry!  Good stuff.  

Hello,

I'm just starting out with a partner in the Minneapolis/Saint Paul metro and our long term strategy is to accumulate SFR's and MFR's. Would like to purchase for < 70% of ARV and rehab. Would consider flipping if it's a home run, otherwise would buy and hold. Target SFR properties are in the $100k-$200k range, target duplexes are in the $175k-$300k range. If you had $200k in cash, would you get a conventional loan with 20% down or would you pay cash, rehab and then cash out re-fi?

Also, if you were just starting out and your goal was to build passive income and cash flow, would you target a cheap SFH for your first couple of deals to gain experience, then try to move on to the more expensive duplexes?

Thanks,

Bill

Hello,

I'm just starting out with a partner in the Minneapolis/Saint Paul metro and our long term strategy is to accumulate SFR's and MFR's. Would like to purchase for < 70% of ARV and rehab. Would consider flipping if it's a home run, otherwise would buy and hold. Target SFR properties are in the $100k-$200k range, target duplexes are in the $175k-$300k range. If you had $200k in cash, would you get a conventional loan with 20% down or would you pay cash, rehab and then cash out re-fi?

Also, if you were just starting out and your goal was to build passive income and cash flow, would you target a cheap SFH for your first couple of deals to gain experience, then try to move on to the more expensive duplexes?

Thanks,

Bill

Hello, Can anyone refer a reasonable real estate attorney in the greater Minneapolis/Saint Paul area? My partner and I are seeking expertise in entity structure and formation. We are just starting out and and plan on pursuing single family/duplex buy and hold with some possible flipping. Thanks, Bill

Hello!  I'm a new member from the north suburbs of Minneapolis/St. Paul.  I do not have any real estate investing experience, but I'm ecstatic about getting started in the industry.  I started listening to the bigger pockets podcast a little while back and quickly became enthralled.  My partner and I are currently constructing our business plan (single family/duplex rehab and buy and hold) and we look forward to learning all that we can and making new connections.  

Thanks,

Bill