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13 March 2018 | 13 replies
Quick introduction: I will be moving to the greater Minneapolis area this summer due to a job transfer and wanted to get some local opinions of which areas to check out while I'm visiting this weekend.
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4 March 2018 | 13 replies
Go visit your top one or two picks, look them in the eye, tour the town and see some props first-hand.
2 March 2018 | 2 replies
I have the basic down but looking to get a more hands on approach.
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4 March 2018 | 2 replies
In my personal experience (might have just been the individual and not representative of the company), they did not get up on the roof, they did not get into the crawl space, and they missed a handful of minor but worthy issues I would have noted inside the house.
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1 March 2018 | 8 replies
When property transfers at death, the reciepent gets a "stepped up basis" which is the value on the date of death.
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28 February 2018 | 20 replies
I've done all of those in the past, but learned that it isn't worth my *particular* time (some people have more time on their hands ;-) I can usually get everything I need to know by Google Maps and a quick drive by.
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28 February 2018 | 10 replies
You should inform the seller ahead of time so you can have the deposit money escrowed and/or transferred to your new PM company.
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28 February 2018 | 5 replies
If she was paying you the rent, than it would qualify as a rental property.Also, make sure when she deeds you the house, the transfer is accounted properly.
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1 March 2018 | 7 replies
If he creates an Airbnb (or VRBO, or whichever platform they end up using) profile, you could require him to hand it over to you when the lease ends.
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14 March 2018 | 16 replies
With that said, if there are recommendations for either of the above, or if there are active Agents and PM's on here that would like to meet with me, please reply or send me a PM.Here are my expectations:- I have cash on hand $150k for purchase and rehab prior to refinancing. - I would like to focus on B and C+ properties only.- Strategy is long-term buy and hold.- Purchase price to Rent ratio = 1% minimum- SFR to start off with, would consider multi-family in future based on performance/faith in team.- Minimum 1 purchase 2018.