Paul Begich - Realtor

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Paul Begich - Realtor

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Paul Begich - Realtor, Estate agent, 5018 France Avenue S, Minneapolis, MN.

08/22/2023

EASY! Ok, not that easy… but here are three avenues for raising money for deals.-1) Partner! Maybe you’ve found a great deal, but don’t have the capital to take it down. There’s a lot of people out there that want to get into real estate investing, but don’t have the time and energy to make the leap – this is where you come in!

2) Seller Financing! With interest rates being elevated, seller financing is becoming more a part of the conversation than ever before – allowing you to take down deals without as much capital out of pocket.

3) Debt Partner! In this scenario, a partner (similar to the option in number 1), personally loans you money on a set term and repayment schedule. The difference here compared to option #1, is that these individuals are investing in YOU and NOT the underlying real estate.
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Let me know some of YOUR favorite ways to get deals done!

08/15/2023

In short, you can think of a cap rate as the return a property will generate if the property were purchased all cash.-Meaning, if you buy a $1M property, and it’s bought at a 7% cap rate – the net cash flow for the year would be $70k.
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Although, and maybe more importantly, cap rates are primarily what’s used to determine the valuation of commercial (5+ unit) multi-family properties.
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In that, you take the NOI (net operating income), and divide it by the going cap rate. Using the example above, with an NOI of $70k, and a 7.0% cap rate, the property is valued at $1M ($70k/.07 = $1M).
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It’s this relationship and formula for how these properties are valued in how we’re able to boost the value of properties so quickly – the more money a property makes, the more that property is worth!

08/13/2023

Looking to invest💸 in ? With interest rates being elevated, prices are coming down – representing a great time to get in the market with a low basis.-Set up a call (link in bio) and learn all about our top Minnesota deals!

08/13/2023

“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.

07/20/2023

Getting a loan for a multi-family property is a hell of a lot easier than getting one for your primary residence - I say this with a boatload of experience!-Reason being, when you're getting a traditional agency debt product, as is the case with most traditional single family or residential purchases, the lender is qualifying YOU as a borrower - in that, they'll be looking at your assets, credit score, and debt to income ratio.
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When purchasing a commercial multi-family property, yes, the lender will look at your track record - but really, they care more about the underlying financials of the property itself than they care about you as a borrower as it pertains to your assets, credit score, and DTI.
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Reach out today if you're interested in stepping into 5+ unit properties!

07/04/2023

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

06/28/2023

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.

06/27/2023

From “Penthouse Paul” to…. “Multi-Family Paul”…?-Not quite the same ring to it!
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I’ve always been a fan of getting super niche in my realty business – it used to be condos in the North Loop, now, it’s all about multi-family property!
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Reach out today, and I’ll blow your mind with the fire hydrant of information I’ll leave you with.

06/26/2023

Investing in multi-family rental property is a great way for investors (YOU 😉) to earn an additional source of monthly income.-Here are three reasons to consider investing in multi-family real estate as opposed to single-unit rental properties.
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1. More Expensive, But a Lot Easier to Finance

2. Growing a Portfolio Takes Less Time

3. You're in a Position in Which Property Management Makes Financial Sense
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Reach out today if you're interested in taking the step into multi-family!

06/23/2023

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.

06/22/2023

Why you ask? Well, here are a few of our favorite reason..-1. Owning rental real estate can be a smart way to diversify your investment portfolio and generate a steady income.

2. A multi-family property can multiply your income with only incremental added cost.

3. Multi-family rentals are typically easier to finance, compound returns more quickly, and tend to benefit from economies of scale.
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And these are just to name a few😉

06/22/2023

I'm not sure where I'd be without this rock by my side!-She's been supportive of the vision since day one, and has believed in me even when at times I didn't believe in myself.
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Cheers to my 'home' and I can't wait to see where this wild ride of a journey takes us!

Address

5018 France Avenue S
Minneapolis, MN
55410

Website

http://paulbegich.com/

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