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All Forum Posts by: Jeremy Salo

Jeremy Salo has started 7 posts and replied 17 times.

Post: Obtaining Fair Market Rent (FMR)

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

@John Underwood two of us currently or have house-hacked and still own those properties. That being said, do you know of any ways to obtain reliable vacancy rates for VR's? Perhaps a breakdown by month?

Post: Obtaining Fair Market Rent (FMR)

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

Hello all, myself and two friends have decided to invest in real estate. We have narrowed our niche to STR'S, but we are still very early in the planning/ learning stages. Having said that, I am currently attempting my first analysis of an str. Having said that, are there any strategies I should be looking at to obtain fair market rent? I've started looking at what comps I could find, but there are not too many in that area. I've also looked at the free data from AirDNA, but again, without many comps in the area I consider this data mostly irrelevant.

Post: Saving Capital for BRRRR investment

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

@Sean Blomquist could I get your email?

Post: Saving Capital for BRRRR investment

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

Some background; myself and two friends have decided to go in on an investment together. We plan on saving up 15k each by July 1st of 2022. My question is, is this a good ballpark financial goal to get us through our first BRRRR? We have experience in rehab surrounding us, but no experience ourselves and we plan on doing all the rehab ourselves. Location is just north of Minneapolis mn.

Post: Best REI strategies for a beginner

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

@Stephen Brown great point. Unfortunately, I don't have the capital to invest just yet, working very long hours to save up. Looking forward to next year💪

Post: Best REI strategies for a beginner

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

@Ronald Allen Barney thanks for the advice! I'm not very handy, as well as don't have much time, so I'm more interested in your sfh turn-key strategy. I have heard so much buzz surrounding mfh that sfh were not even on my radar. So correct me if I'm wrong, but you're saying that I should focus on sfh because there's less competition/easier to find deals?

Post: Best REI strategies for a beginner

Jeremy SaloPosted
  • Rental Property Investor
  • Anoka, MN
  • Posts 17
  • Votes 1

Hey all, I am looking for advice on which REI strategies I should be considering and which are just a waste of time. Any and all help is greatly appreciated!