All Forum Posts by: Kyle Dahlstrom

@Tim Swierczek thanks Tim!

@Daniel Anshus

Will do. Thanks!

Does anyone have recommendations for gutter contractors in Minneapolis or Saint Paul that they would be willing to share?

I would like new gutters / downspouts put up and potentially repairs to current gutters in place that might be salvageable.

Appreciate any recommendations you all have!

Hi Bigger Pockets community!

Does anyone have a template for a "Notice to Vacate" form for a breach of the lease that they would be willing to share?

Additionally, if anyone has a form for a cancellation of a month-to-month lease that would be very helpful as well!

I am an investor in the state of MN, but not sure how different these forms might be from state to state.

Thanks!

Kyle

Thank you all for the suggestions! This gives me a great place to start.

Minneapolis / St. Paul investors:

Does anyone have any local banking recommendations that they have had good relations with?

I have a 3 unit triplex under contract and am set to close at the end of the month and I would like to open up a separate checking / savings account for the property.

If I could find a local bank that is easy to use with good mobile and electronic banking systems along with a physical local office, all the better. This would allow me to build a relationship now that potentially leads to other financing opportunities in the future.

Thanks for all your help and insight!

@Marlen Weber thank you!

Investment Info:

Single-family residence buy & hold investment in Bloomington.

Purchase price: $265,000
Cash invested: $7,500

House hack with a partner after college graduation and renting out the remaining rooms.

What made you interested in investing in this type of deal?

Rent for apartments was so high, so my partner and I decided it would be best to buy a home and gain equity from it. If our friends lived with us it would be an added bonus.

How did you find this deal and how did you negotiate it?

We found the deal through a realtor. The home was listed on the MLS.

How did you finance this deal?

FHA financing through a lender in my city.

How did you add value to the deal?

The best part of going in on this partnership is that neither of us knew much about real estate or owning our own home, but we each were able to provide financial security to each other.

What was the outcome?

We still own the home, live in it, and rent it out. We plan to sell the home in the summer of 2021.

Lessons learned? Challenges?

Make sure that you ensure the seller puts in writing any repairs they agreed to complete on the home before you move in. Not everyone sticks to their word come signing day.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would recommend both my real estate agent and my lender.

Agent: Charles (Chuck) Hannema - Edina Reality
Lender: Kathy Harrison - Bell Bank