All Forum Posts by: Matthew Berry

@Travis Sperr is right. Kim works closely with Pine Financial, especially if you're looking for hard money. She's a good contact from what I've heard.

Welcome, @Jacob Smith. You'll probably hear it a lot, but joining the local REIA groups is a good way to get in touch with others in this field. MN REIA is the biggest one in the area. You can also checkout Meetup.com for other ones.

At some point, we should setup a get together for the active Bigger Pockets people in the Twin Cities. I'd be willing to set a date and time if there was interest.

Welcome! I'm based in Saint Paul, MN. There's a lot of us here from the Twin Cities area. Good luck!

Thanks, @Sawyer Lubke. Just gave them a call.

I'm not an experienced flipper, but I'll chime in.

I actually found the calculator to be more than what I need. I took the data from @J Scott's book and built my own uber Excel spreadsheet. It takes the best of his content and tweaks it to my own unique situation. 

For me, I use a HELOC to do flips as opposed to using hard money. Cheaper for me.

Congratulations, @Laurie K.. That's a great situation to be in.

I think it comes down to your comfort level. Personally, I wouldn't want to overextend myself on two townhouses. Your mortgage is going to be higher for each since you have less money down. I'd rather buy a nicer home, rent it out, and only have one tenant to deal with. That's just me though.

I prefer to fix and flip. No tenants. :)

I'm looking for a good accountant with experience helping investors who rehab houses. Prefer someone in St. Paul, Minnesota, but open to others in the greater Minneapolis area.

Thank you everyone for your responses. What you shared makes a lot of sense and helps me connect the dots on different pieces of information I was already aware of. 

 I think my takeaways from this conversation are:

1.  It's okay to contact these agents, but the relationships may not be as lucrative as I had expected.

2. I'm going to continue monitoring the MLS for deals and make offers on them.

3.  This is more of a question, but I am curious if direct-mail is something that I still need to use as a rehabber.  Moving away from wholesaling, I had sort of hope that I could avoid that, but I'm seeing that it may be something really necessary to do. 

I have access to the MLS through a friendly agent. What I'd like to do is connect with the realtors who are listing all the REO properties in my area.

My plan is to call them, introduce myself, and inform them that I have cash in the bank and am looking to buy rehab properties in my area of town. 

My hope is that I could somehow get on the "inside track" in order to hear about properties before they get listed on the MLS. That way, I can potentially place an offer on the day it's listed, get the agent a fast commission, and get on with rehabbing.

Thoughts? Any problems with this strategy? 

I'm not an agent so I thought I'd ask about any agent rules I might be violating.

Calling all wholesalers in the Minneapolis and St. Paul metro areas!

After trying my hand at wholesaling last year (and performing quite miserably I might add), I've decided to focus entirely on fix-and-flip deals. I already have one rehab completed (net'd $40k) and I'm looking for another one.

If you're a wholesaler in the Twin Cities area, please reach out to me.

I have the cash...in...the...bank. 

No marketing fluff or "fast cash" promises. I actually have the money and am ready to pull the trigger.

Thanks, guys and gals!