All Forum Posts by: Marcus Johnson

@Matt Higgins

I’ve owned a duplex in Southeast Minneapolis just north of Minnehaha Falls Since 2014. I turned over both units this year, and got higher rents on both. The odd thing I noticed was that unit one which usually has a line out the door, only had three people look at it and the third person signed and everything is good now.  also I just had the duplex appraised and the value is astronomical.

@Bryce Stclair

I love your story, you’ve done a great job. One question. What is your net worth? You don’t have to answer that but it’s always cool to know. 

@Jordan Wharton

Wish I would have bought 3 duplexes instead of 1 in 2014, when prices were so low.

@Cameron H. Forbis

My tenants Love me because I am very proactive and take care of issues very quickly. If you hire a management company they are reactive. I dominate my rentals because I am that good. 

@Benjamin Sussman

For my family, we don't want to owe more than 35% of our net income, not gross in mortgage payments. This doesn't include rent payment income, because there is no such thing if your tenant doesn't pay. Plus we have 44% equity in our rental duplex and 40% equity in our primary. We sold our rental lake home for a profit and pair off all of our debts and put a bunch of it in the market and in Roth IRA's. 

@Patrick McGrath

Is that only true for Fannie Mae and Freddie Mac loans? So if you own the home out right does that even matter?

@Ashton Karp

I am an IT professional for the University of Minnesota, and I buy my wife a $500 HP laptop every five years on Black Friday, because you get a hell of a deal. 

@Sarah Buchanan I personally don’t care about the credit score, because that means you love to borrow debt and pay it back. I actually look at the credit history because that shows late payments and how much they pay versus how much they make

@Sarah Buchanan. Why would you consider giross income when that isn’t what ends up in their actual pockets?

@Allen Humphries

Can I actually reply to this thread because I was blocked on the last one.