Dan Krueger graduated from the University of St. Thomas, in St. Paul Minnesota with a degree in Financial Management. Before beginning his career as a real estate investment professional, he spent 5 years working in corporate finance where he managed the operating expenses for multinational fortune 500 companies.
In January of 2018 Dan closed on his first property, a small 6-unit apartment building in St Paul Minnesota for $475,000. The business plan was simple, fix up the units, improve the tenant base, and increase rents to the market rate. Nine months after the acquisition, Dan refinanced the property at a value of $600,000. He used the refi proceeds to get into his next deal, an 8-unit building about 3 minutes away from the first property.
Dan currently has a portfolio of 34 units made up of 4 properties all in the same neighborhood. Dan currently is working on closing his first syndication deal, a 32-Unit property in St. Paul Minnesota. Dan is building a vertically integrated business with property management in-house as well as in-house maintenance and construction.
From here on out, Dan plans to focus on the syndication business to keep scaling up, as well as developing strategic partnerships to accelerate growth.
www.dgkacquisitions.com
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Like what you’re reading? You can listen to this week's episode on your favorite podcast player - just search for Maximizing Your Property Value.
You can also check out the video from the show on YouTube: https://www.youtube.com/playlist?list=PL9p74LHu4dBet3Htypyan24kM7k62OuIh
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You’re invited to join John Stiles at a special food-packing event at Feed My Starving Children.
This is a great organization that provides nutritious meals for people around the world that are in need.
The event is
Thursday, December 26
9:30AM - 11:30AM
Sign up using this link: https://www.fmsc.org/join-group?joincode=13BYE2
You can also let others know about it by sharing the Facebook event: https://www.facebook.com/events/2393503527414605/
Consider having this as a way for your family and friends to spend time this holiday season!
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Are you wondering what your property is worth in today's real estate market? Download my free e-book that will help you calculate your property's value! http://www.realestatestiles.com/value/
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John Stiles is a licensed MN real estate agent with Bridge Realty