Paul Begich - Realtor

“Hey Paul! How many cash-flowing properties do you need to retire early?”​​​​​​​​​-​​​​​​​​​In short, probably not as many as you think!
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One way to think about the number of properties it’ll take is by calculating your financial independence number – in that, how much money would you need to make every month to quit your day job (and potentially live off the income from your real estate portfolio).
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Lets say that number is $5,000/month.
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Then, all we have to calculate is the net profit from each property – which is very dependent on the strategy/asset class you decide to pursue.
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Lets say that you elect to go the mid-term rental route, and want to buy small residential multi-family locally here in the Twin Cities; and we know that after the mortgage payment, property taxes, insurance, etc. the property will cash flow $500/month using this mid-term strategy.
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Well then, it’s only going to take TEN properties to reach your financial independence number! ($5,000/$500 = 10)
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Reach out if you’d like to learn more about the steps YOU can take to reach your real estate investing goals.

Happy 4th of July from us to you 🇺🇸 Be safe and enjoy your time with loved ones!

Single-family properties come with single units while multi-family properties have separate units designed for multiple tenants. These include apartment complexes, condos, duplexes, and triplexes.​​​​​​​​​

-​​​Both provide a steady stream of rental income but multi-family properties offer the potential for greater income because of the number of units involved.

And because there are more tenants, the risk drops significantly👍🏼 BUT the costs for maintenance and repairs may be higher.

One of the things I love about real estate, is the ability to get creative!​​​​​​​​​-​​​​​​​​​Opportunities don't always work at face value, but if you ask yourself, "HOW can I make this work?" - that's where the gold is, and where properties can begin to look really lucrative.
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Check out this duplex off 37th and Grand Avenue in S. MPLS, just a couple doors down from Victor's Cafe.
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What I love about this property, beyond the fact that it's retained all the charm of historic S. MPLS properties, is the ability to build out the basement to a non-forming third unit. There's even already plumbing and electrical retrofitted!
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Reach out today if you're interested in stepping into a residential multi-family purchase!
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Listed by Paul Begich w/ DRG.