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All Forum Posts by: Jacob Carroll

Jacob Carroll has started 22 posts and replied 71 times.

Post: Seeking guidance and networking

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Hi Tyler. I sent you a connection request. Ping me and I can give you more information on local meetup. Also, would like to hear how you got started and how it’s going! Cheers!

Post: MPLS Monthly REI Meetup (March 2023: Shared Experience w/ House Hacking)

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Nothing Beats Experience! Come to this month's meetup to get a first-hand House Hack experience share from local REIs. Come and learn the ins-and-outs of different House Hacking strategies and network with your peers! Hope to see you @inboundbrewco March 23rd (5:30-8PM). This is a public event open to all REI experience levels, so come meet us out for a great presentation, cheers!

Post: Brand new to real estate

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Hi Ryan,

I agree with much of the feedback presented. Free content and doing your research will be very foundational, so start there. I also would suggest attending some of the local REI meetups to get exposure to others doing this already and to see what types of investing you might have interest in. We have one coming up on the 19th, it just got posted on the Minneapolis forum here. Cheers!

Post: Minneapolis REI Meetup - Back2Basics (January 2023)

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Happy New Year - There is no better time to get Back 2 Basics in your real estate investing journey! This month's REI Meetup will be focused on the one thing that can make or break your investing success (Property Management). Our meetup will be held @ on January 19th (4-7PM) at Modest Brewing. All experience levels are welcome, see you there!

Post: Rent drop in the Twin Cities?

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Hey Wendy, thanks for asking this question. I would say that there is definitely softening in demand. In my opinion it is less about a decrease in rental prices, but instead more an indication of seasonality. Between end of October to after the start of the new year there is much less demand as people are enjoying the holiday season and many are not interested in moving during cold weather. 

My advice is to structure your leases / renewals to take March - May if possible. This helps as people are easier to place during this time. Also, you may need to make concessions to increase your tenant pool. You can try allowing animals or accepting partial security deposit if upfront cash is tight. 

Wishing you the best! Cheers!

Post: Any Meet ups in Minneapolis, MN ?

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Hey Zach! As Sam mentioned, we are hosting a remodel walkthrough this Thursday from 4-7PM at the property. You can DM me for the details or just search Minneapolis Real Estate Investors Meetup or Bridging Tenants and you should be able to find the event. We meet monthly and have done a great job structuring the meetings to blend networking and sharing knowledge! Cheers, hope to hear from you or see you at the event!

Post: Brick & Brews: Goal Setting for 2023 Starting the year off RIGHT

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Great topic; I will do my best to get out there for this one! Cheers!

Post: Minneapolis Credit Union Recommendation

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

I have gad good success with First State Bank of LeCenter for home equity loans, and also Spire for business banking. Always good to have multiple partners in financing! Cheers!

Post: Looking to meet wholesalers

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25

Hello Michael,  I tend to agree with Daniel as well, however, there are several wholesalers that attend our monthly investor meetups. Happy to network you and get you connected. DM me or attend one our next meetups if it works out. Cheers! 

Post: Monthly Investor Meetup - Remodeling Walkthrough Event

Jacob CarrollPosted
  • Investor
  • Minneapolis
  • Posts 74
  • Votes 25


Come out this month to Bridging Tenants’ newest LTR to get hands-on experience seeing our remodeling process in action! BYOB and go room to room with your peers to learn our process and get tips/tricks to maximize your DIY effectiveness. We will cover estimating costs, purchasing, installing and contracting. See you there!