All Forum Posts by: Jedd Braunwarth

Just wanting to reach out and find out who currently owns properties in different cities or even states? More specifically do you manage them yourself? How about finding new tenants and showing the property? Anything that you found that works well or to watch out for?

I ask as I live in Des Moines, IA and have a few multi-family homes here. I am originally from the Minneapolis, MN area and may eventually move back. If/When I move back I'd like to start buying real estate up there too as I have family and investors ready to go already. The driving distance is about 4 hours one way. Not great but not terrible. I am hoping to have properties in both places one day but want to make sure this is not a costly mistake. Thoughts, suggestions?

Hi Juan,

Do you know if you qualify for a loan? Good credit, steady income, etc.? I started exactly how you are thinking. I bought a duplex and lived in one half. I had great credit, a steady job and was willing to do some handy work myself. I purchased it with 5% down payment, then spent another $2500 on upgrades DIY. Had renters within 2 weeks and never had to make a full mortgage payment on it. Then, I found a mentor that was willing to partner with me on my next property and purchased #2 only 4 months after my first!