All Forum Posts by: Jake Huglen

@Rachel Basner do you know any employees at the Mayo Clinic AZ location that would be willing to post it on the Mayo Classifieds for you?

We house hacked recently in Rochester, MN and I think a lot of it comes down to what your ideal monthly payment & maximum monthly payment goals/budget are. There are maximum loan limits in place for multifamily so you wouldn’t be able to exceed those guidelines unless you put more money down. 

I think the partner should probably charge the hypothetical "Dr. S" slightly below Rochester comps with a step-up lease structure. The partner has more leverage with an established location. 

Nice work Cole! Have you improved any of the units? I check it out when it was listed. 

I'm helping a client close on a townhome in Rochester October 1st that is from Seattle. She's buying in Rochester because she was priced out of the Seattle market. Mayo Clinic is projected to double their workforce by 2030 so purchasing an investment property in Rochester would be a great investment. I personally own a combination of short & long-term rental property in Rochester. Send me a message, I'd be happy to answer any questions and provide local insight!

Hi Susan I can help you out there! I'll send you a DM!

@Justin Puetz I've been doing in-person meet ups with other investors. Let me know if you want to go driving to check out some potential flips, buy/holds, or commercial properties. Coffee/lunch can be fit in there somewhere too!

Matt I'd be willing to connect if you would like. I just closed on my 2nd investment property in the last 9 months in Rochester. I've got some insight into your questions:

1. Buying a home under market value is the first obvious strategy - usually that means finding one off-market

2. I look for high ROI value adds like you mentioned (adding beds/baths, unfinished basements, converting garage space).

3. The Rochester, MN market is in a position to experience tremendous population growth over the next 2 decades. Worst case scenario is you rent the home out after you leave in 3 years and you have an income producing property.