All Forum Posts by: Jadde Rowe

I would recommend replacing them and not hiring a company to partner with. Like you said the income that the machines generate will repay themselves even with the small repairs that come up from time to time. Typically you don't have a ton of repairs that come up. For good local options in the Twin Cities I would call Builder Appliance or Big John Appliance and get their recommendations on where it would make the most sense to buy from. Those two places have done appliance repair for myself and my clients in the past. I know I have had clients ask them where to find the cheapest route for washers and dryers if the repair is too much so that would be where I would go if I was you. 

I hope that helps! Best of luck. 

@Chase Binnie

I invest in the St. Cloud Market! My team has a decent portfolio there and looking to grow it! If you want to connect and talk some more DM me. I hope I can be of some value! 

@Nathan McDonald 

@Tim Swierczek is a terrific lender who is also an investor and will be able to take great care of you! I am a local agent and also investor, but another critical team member to get things rolling for you is an agent to start looking at properties and also just set expectations on what we are seeing out in the market. Continue to go to meet-ups as they are great education and networking opportunities. It will come to a point where you will need to leave the classroom behind and go take action, but it sounds like you have already put in some of the upfront work educating yourself! Feel free to reach out if it would be helpful! I wish you the best of luck. Twin Cities is an AWESOME market to own property in!

@Account Closed I agree with the above comments as you will have a hard-time finding properties in those areas that you would like as the inventory is just not quite as high. But if you are willing to giving up distance to perhaps job, families, friends you can find duplexes in "good" areas that will cash flow, just need to determine your parameters as to what you are willing to give up (i.e. price, location, and or condition). Also what are your investment returns that you are looking for and how that may need to change based on which variable above you "settle on". If I can help and be a resource - certainly reach out! I wish you the best of luck in your search!

Northwoods Servicing with Matt Brawner.

Hello everybody!

Wondering if anyone here is very familiar with the Monroe North Caroline market about 30 mins outside of Charlotte. Looking to invest in the North Carolina Market and have been seeing a few deals in Monroe. Any feedback on the market in general? Crime, income, growing city, path of progress? Would really appreciate some "boots on the ground" knowledge.

Thanks everyone!

@Tim Swierczek Thank you for the illustration! 

@Armin Nazarinia I appreciate you breaking down the options for me. I ideally want to cash flow so option 3 may be the way to go for me, but understand that by putting less down it will be more difficult.

@Isaac Braun Thanks for the connections!

@Account Closed Thanks for the advice! I will keep putting in work. 

I appreciate you all responding to my questions and offering your advice. I may reach out to a few of you personally with some additional questions. Thanks again and I wish the best of luck to all!

Hello!

I am 23 years old and looking to begin my real estate investing career in the next year. I have been educating myself through reading articles and the BP podcast as well as saving my current income. I also have family members who are currently investing so have learned some things from them. I live and work near Hopkins, MN. My end-goal is to buy and hold rental properties and would like to start that journey through "househacking" a plex. I am looking in the Hopkins area, North Minneapolis, South Minneapolis, and Saint Louis Park. 

In addition, I have already spoke with a loan officer who did pre-approve me for a loan. This loan did include PMI and I am curious if anyone knows if it is possible to get a loan with a low-down payment and no PMI for a first-time home buyer? I know I have great credit and perhaps could have a co-signer.

Finally, which of the areas that I listed above (or any other areas for that matter) should I focus on finding a good deal that will at-least break-even? I more or less want to gain the experience and build the equity from the first deal rather than cash flow. It would also be super nice if my mortgage would be fully paid for or almost paid for by the tenants and I wouldn't have drive for an hour to Hopkins from my house.

Thank you all for any advice you can provide! I really appreciate it.

Jadde Rowe