No state income tax, no rent control, and a straightforward eviction process make it one of the more landlord-friendly places to own rentals.

It’s taken a lot of work, and a lot of lessons learned.

I'm happy to share my experience as both a flipper and a lender.

I have 10 years of experience in retail real estate and a couple of partners who are interested in investing with me.

CompetencyAfter 4 and a half years of Dave’s mentoring, attending Strategic Investor Alliance meetings (accredited investor group in the Philly area), and thousands of accredited investor calls, I know a good deal when I hear/see one.

And a local resident is usually very helpful.

For a cash out refi, you are generally limited to 75% LTV and rates right now are in the mid 7s for good credit and a DSCR over 1.0. 

Everyone thinks they can paint but there's a big difference between a professional paint job and a non-professional one (the latter usually actually damages the property instead of improving it). 

no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly. 

The best thing to get started is building your team - a lender and a RE agent who know the Duluth market!