All Forum Posts by: Matthew Gunderson

@Matthew Gunderson yep, get ready to start paying for the 2020 derrecho and the countless hail claims.  I have quite a few single family houses that were quoted $80/month last year.  This year they are ~$110-115/month...

I can't find another insurance company that can beat Jason Klien's office (Farm Bureau).  Unfortunately, the insurance/property tax cost creep is what it is.

Hi Matthew,

Have you reached out to other insurance companies for quotes? I'm not familiar with your market but I know insurance can jump up quite a bit sometimes. A deal I was looking at in Fort Myers had their insurance jump from 3000 to 6000 in one year.

@Matthew Gunderson

I think the main question is if you really want to own a restaurant or just own and rent out real estate. If you just want to be just a landlord, I would pass on the deal. If you were a restaurateur, it might make sense to purchase, and then sell the business while keeping the real estate (I have had friends who did just this and receive monthly rent from restaurant owners). The caveat however is that they were also experienced, restaurateurs. 

When I look back at investments where I lost money, they were mainly investments that I did not understand. 

Hey Matt -- I'm new to real estate and have been in Cedar Rapids for 8 years. Bought a couple investment properties back in September and fighting my way through the rehabs still. Huge (sometimes exhausting) learning experience for sure! Anyways, have been reading all the comments on your post, and I'm encouraged by how many folks are on here from the area. Will keep an eye on @Jeff Niemeier's meetings too (work obligation on Mar 19 unfortunately). Would be great to connect sometime!

Matt, I live in Cedar Rapids and host a monthly REI mastermind at the Cedar Rapids Public Library! Our next event is Sunday, March 19th from 2 - 4pm at Beams Auditorium! You can find more information on my website studentofmoney.org or do a search for the group on meetup.com!

Welcome to BP Matthew! So excited for you! Thanks for sharing your bio. 

My husband and I are in the IC area. We have a local portfolio, as well as, a couple properties out of state under a syndication model that we serve as a member of the GP. 

BP has some really great books! I also really like The Magic of Thinking Big by David Schwartz.

Looking forward to meeting with you!

Allison

Thanks for sharing your bio supper cool looks like you have a good base of real estate and some of the advantages through your past investments and study.  Im born and raised in the area & in the real estate world.  I would love to help you out if we can and trade knowledge as I have had a personal desire to getting into flying my self. I believe it would be a good opportunity to opening expanding my reach and network from local to regional.  I could be home the same night type of thing.     

Hey @Matthew Gunderson,

Welcome to BP. Like you, I came to IC 20 years ago. Never thought I'd stay. We fell into REI by accident and it's been a great thing. I'm a teacher by day at an IC high school. Love to chat more and best of luck!

AJ