All Forum Posts by: Karen Higgins

I'm sure I'm not the only one who has noticed, but insurance rates are bananas right now!  I just got my statement for the upcoming year and the premium has increased 52% over the past 2 years.  I'm looking for any recommendations of insurance companies in Minnesota for multifamily real estate.  This particular building is a 15 unit  building built in the 1990's in great condition.

I'd love to know if anyone has a great insurance broker or company that I should look into.  Thanks so much for any input.

We are looking to convert some long term rentals to corporate furnished rentals.  I'd love to hear what the best websites are for listing this type of property for rent.   Are there specific websites for traveling nurses?  Or what websites are other people using.  Thanks in advance!!

We also went with AppFolio and have been using it for 3 years now! It’s been a great system. 

Not sure of your personal finance situation, but I would say, make sure that your personal finances are in order and organized.  That can put her mind at ease for any "worse case scenarios".  When my husband 1st brought up the idea of investing 10+ years ago, we talked about it a lot, and then I read "Rich Dad, Poor Dad" and haven't looked back since.  Good luck!!

If you run the numbers and the deal makes sense, you can invest anywhere! We are in the Minneapolis area and with our portfolio, we like to do a combination of investing closer to the city where the rents are higher, and there is greater likelihood of appreciation, as well as investing in tertiary markets where it is more of a blue collar based tenant, who is less likely to move, and treats the property as their own.   If this is your 1st property, don't over think it! If the deal works, move forward and then you can really learn what you like or don't like about the specific market.  Good luck!

Hey friends!  One of our 2021 goals is to start to grow our email list and work on expanding our marketing.  I'm looking into the email marketing services available and was hoping some of you would have some insight on the good, bad, and ugly ;) on these platforms before we make a decision.  The ones I'm currently researching are Mailchimp, Flodesk, and Aweber.  Let me know your thoughts.  Thanks so much!!

@Sam Loranger It looks like you're off to a great start.  I also started with Rich Dad Poor Dad!  The E-Myth is great for the concepts of running an actual business vs thinking you have a business.  I would recommend the Millionaire Real Estate Investor and Traction.  I'm currently working through Never Split the Difference and am loving it.

Congrats on your 1st rental!!  It is such a great feeling to make the 1st step and get the wealth generation ball rolling. 

@Dieudonne T.. Congrats on finding a house hack that has potential!! I'm also from the midwest and understand that you can find some gems at lower price points that others might to have access to in their markets.  Having a free place to live is a great way to get started with wealth generation.  The hardest part for most people getting started is to actually pull the trigger and jump in.  In all reality, don't plan on making any money on your 1st deal... if you do, it's a bonus.  Good luck and update us on your decision!

In your situation, I would definitely shop for a deal, but in the long run, new appliances are going to be the way to go.  More money up front, but less headaches on the back end.  Good luck!!