All Forum Posts by: Tim Swierczek

I'm also invested in both Minneapolis & St. Paul. I prefer single-family homes and duplexes to TH or condos. I prefer to avoid the HOA because I can find cheaper ways for the services they provide, and you give up control of exterior projects and must follow their rules, which can be counter to your mission. That said, I had lunch today with a friend who retired from investing in THs in Woodbury so that you can make money on either investment. I would consider what level of involvement you want and, more importantly, where you can find the numbers will work better.

 Hey Daniel, I don't know the answer to your question, but I believe that each state will be different. You will need a broker who is licensed in each state you want to get licensed in. I would ask the brokers you are considering joining and see what they say. @Ryan Luthi works for eXp and he would be a good guy to connect with.

 Griffin message me if the opportunity is still available.

 I have to think the bigger lake would be the draw.  Usually, people rent a cabin on a specific lake. That being said if it's a small cabin make it cute. Spare no expense to make the pictures sing to your prospects.

 Hey Mark, I'm not an agent but I work with a lot of house hackers and would be happy to give you a feel for the local market. PM me if you want to jump on a zoom meeting and discuss.

Great, guest.  Steve Taylor knows his stuff.

 I do not like open houses. We do something very similar in practice, but we don't call it an open house because if a prospect thinks they can come anytime and doesn't show, there is no commitment. So, we schedule showings, but all are scheduled in a 45-minute starting window. For example, we will schedule 4 showings at 6 p.m., four at 6:15 p.m., four at 6:30, and another four at 6:45 p.m.  We do not call it an open house and tell each person they have a scheduled time. We only schedule showings by text or call so that we have a working cell number and we text a reminder a few hours before.  We have a better showing rate, getting close to 75% attendance, which is much better than before we started this showing strategy.

In addition, do everything that @Nathan Gesner mentioned regarding pictures, websites, and video walkthroughs.
 

@Gabriel Torion I agree with @Evan Kraljic. Flipping is risky with capital. It requires much more skill and expertise than buy and hold and even more than a house hack.  If you flip, I would work for an experienced flipper and get a cut for finding the deal or adding value in another way. I've always thought that house hacking is the way to go.  There are programs to help you with your down payment. In theory, you can purchase with no money down, certainly with less money, and keep some for reserves and light reconditioning of the property to increase rents. PM me if you would like to talk.

Meet other investors and network at The Twins v NY Mets Game on Saturday, 9/9, in a premium suite. 

Come to meet other investors and house hackers. Talk about what is working and what is not working. Learn how to get started or how others still deal in this market. The host Tim Swierczek has purchased five deals in 6 months and flipped 2 with another 3 in progress. Yes, deals are happening.

Beverages and game tickets are included. Your tickets will be texted, so a mobile phone number is required.

Tickets for this event are limited and cost the host $200 each, so the $20 fee ensures only people who plan to attend register. No refunds will be given to cancellations and non-attendees. Please only register if you plan to attend.

@Jeff Rogers I recommend you talk to @Adam Tafel he is a St Paul STR pro!