All Forum Posts by: Kurt Pauley

Wish I could join but I will be out of town unfortunately. I'll make it to the next one.

Thank you so much to everyone that came out last night. Awesome event

Hi all, We are straight in the back by the high top tables.

@Tyler Eastburn

Welcome to BP. These forums and the podcast are an amazing resource. I am an investor and realtor in the twin cities and always up to talk if you have any questions. I also host a meetup once a month in south minneapolis. 

Kurt 

@Armin Nazarinia Looking forward to it! 

@Josue Vargas I agree with @Julie N. 

Taking a loan from it is the best option. That is what I have done in the past. 

If this sounds interesting to you please come down to Venn Brewing, have a beer or kombucha, and talk some real estate. Open to anyone from newbies to experienced investors and everyone in between. Agents are welcome but this is primarily for people currently investing or looking for their first investment whether that investment is local or out of state.

Venn Brewing

3550 E 46th St Suite 140, Minneapolis, Minnesota, 55406

6:30 PM start time

Limited parking in Venn's lot but easier to park on 46th Street or another side street. Venn is also located right on the light rail blue line at the 46th street stop.

Thanks!! Looking forward to sharing ideas and building our networks. 

It will be posted each month under the network>events section on BP and on meetup.com

@Hank Walter

Hey Hank, This is a great goal to have and an awesome way to get into real estate investing. I would suggest connecting with 2-3 lenders to see what options they can provide for you. Not all lenders are created equal. If you need a reference just let me know. There are a couple other low money down options for owner occupants.

203k loan will require licensed contractors to complete the work. 

Make sure to conservatively estimate the expenses on a given property. $10,000 will dwindle very quickly if it is a problem property or you simple don't forecast costs accurately. In the beginning you'll need to rely on contractors for these estimates or experienced partners. 

Start building your team early! (contractors, lenders, realtor, etc) 

And network a lot! I host a monthly meetup in South Minneapolis you can find under the events section on BP. 

Taking action is #1 to success. Always take action to your goal in some way and you will get there. 

Good luck out there :-) ... I am always open to network with new investors so don't hesitate to reach out. 

Kurt  

@Joseph D Fridgen

Hey there, I am a local investor and also an agent in Minneapolis and I think the Phillips area has some parts that are much nicer than others and in that sense it is very "block to block". None of which are "war zones" or dangerous areas. Some areas of South Minneapolis are very hot and the prices have gotten to be very inflated. I think in Phillips you can find some good properties that are at price points that make much more sense than other areas. I have a colleague that invests in east Phillips and gets great cash flow and easily finds well qualified tenants. Good luck in your search. Let me know if you want to connect further and I would be happy to do so. 

Best,

Kurt