Think People are moving out of the city? Thank again.

It’s been a tumultuous year for the U.S. housing market, and the Twin Cities is as prone as any region to increased housing demand, low inventory, higher prices, and competitive sales. According to Minneapolis Area Realtors, the decade-long sellers’ market is continuing as the median sales price of homes in the Twin Cities rose 7.9% to $340,000, and new listings fell 11.5% from October 2020.

Another trend that market watchers are seeing is the steady increase in the percentage of home sales in the Minneapolis/St. Paul urban market. Condo sales were up more than any other property type over the past year, rising 3.8%. And in August, closed sales in Minneapolis reached their highest level since…

158 Views, 0 Comments

Read Full Post

The last few months of selling multi-family apartments throughout the Twin Cities has been crazy! In just the past two months, I’ve sold close to $10M in real estate, which consists exclusively of multi-family apartments located in South Minneapolis. But right now, I’m running into a challenge I haven’t experienced before: finding well-qualified buyers for these multi-family apartments.

I’m of the belief that those who succeed in investing often have a contrarian viewpoint to the rest of the general public. When people are buying, YOU are selling. When people are selling, YOU are buying. And right now, in the Twin Cities market, people are selling. Does that mean that you should be buying? Well, that depends. Below I’m going to highlight three…

91 Views, 0 Comments

Read Full Post

VA Home Loans: Homes for Heroes

This Veterans Day, we honor those who have served and thank them for their continued dedication to our country. A special thanks to our DRG veterans JJ, Brooks, and Tim.

In the United States, there are many valuable benefits available to veterans, including VA home loans. For over 75 years, this program has given millions of veterans and their families the opportunity to purchase their own homes.

As we consider the full impact of VA home loans, it’s important to understand these great options for veterans, active-duty personnel, and surviving spouses and to share them with those who may be able to benefit the most. For a variety of reasons, many qualified applicants don’t take advantage of this valuable…

140 Views, 0 Comments

Read Full Post

Renters Missed Out on $51,500 This Past Year

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:

“Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”

Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):


If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone…

255 Views, 0 Comments

Read Full Post


So, what the heck is house hacking? House hacking is a real estate investment strategy in which you own a multi-unit property (such as a duplex, triplex or fourplex) and live in one of the units as your primary residence. The occupants of the other units pay your mortgage and living expenses through the rent they pay you. You can also house hack a single-family home by renting out a bedroom, basement or outbuilding. The strategy is simple, and the rewards can be great. For the smart strategist, house hacking can be a gateway to a long and successful future in real estate investing.

Here are some of the benefits of house hacking:


Financial Stability

The most obvious benefit of house hacking is the financial reward of living rent- or…

101 Views, 0 Comments

Read Full Post

 

I’m a big believer that where there’s a will, there’s a way! 

Emily and I put it out to the universe at the beginning of 2021 to purchase TWENTY-FIVE apartment units by the end of the year. Crazy goal…? Oh hell, yes!

When we put this goal out there we most certainly did not have the money to acquire $4 million dollars worth of real estate (roughly the value of 25 units here in Minneapolis) and we most certainly did not have a plan to get there.

Regardless, we put it out to the universe! And we wholeheartedly believed, “where there’s a will, there’s a way.”

This brings us to April of 2021 - four months into our quest of reaching 25 units. 

We’re proud and excited to announce that with the acquisition of 3029 Garfield we’ve brought…

112 Views, 0 Comments

Read Full Post

 

I’ve come to believe that if you want to progress towards your goals and dreams it takes letting go of first establishing the “perfect plan.” It takes dedication, perseverance and an unwavering commitment towards the journey - but it doesn’t take a 100% ironed out, bullet proof plan. The right plan will show itself through consistent, daily action.


Within the first few months of dating Emily back in 2019 I knew I was going to spend the rest of my life with her. We immediately began having conversations about what we wanted our life to look like, together. We chatted about family, business, real estate, financial freedom, and everything in between. Very quickly we realized we wanted to create a life of financial freedom through real estate.…

101 Views, 0 Comments

Read Full Post

 

I’m sure you’ve heard the saying, “there’s more than one way to skin a cat.” First off, that’s the most messed up saying ever! Who the heck is out there skinning cats?!?! That’s just wrong!


But when it comes to real estate financing, it’s true - there really is more than one way to skin a cat.


In this article, I’m going to outline a few of the different ways to finance a real estate investment. If you’re looking to make your first purchase, this article will be even MORE impactful. Because,  low key, you DON’T need a crazy amount of money to purchase your first investment property. Emily and I bought our first investment property - a value add four-plex in South Minneapolis - with less than $10,000 in the bank! And we did a $150,000…

91 Views, 0 Comments

Read Full Post

Apartment Investments Made Simple

What exactly is apartment syndication and why is it such a fantastic investment vehicle? In today’s episode, we’re taking the complexity out of apartment syndications. By the end, you’re going to understand how a syndication is structured, why it’s…

» CLICK TO Play: 36 min

352 Views, 0 Comments

Read Full Post

I was listening to a Bigger Pockets podcast over the weekend and Brandon Turner, the host, presented a unique question to the guest. He asked, “If you could give five pieces of advice to your twenty year old self what would they be…?” This really got me thinking.


I thought to myself, “What pieces of advice would I give MY former self as it relates to real estate investing?” This may seem funny given I’m only twenty-eight years old but within the next twelve months Emily and I will reach financial freedom through our real estate investments. As in, our positive cash flow from our rental properties will exceed our monthly expenses - if we chose to retire, we’d have the monthly income to do so.


So again, I thought to myself, “If I was JUST…

94 Views, 0 Comments

Read Full Post