Part 2: What actually made these properties work
Yesterday I mentioned a client who secured two 4-unit properties in Cokato and Dassel.
Here’s what made the difference:
It wasn’t about buying something fully stabilized.
It was about recognizing:
• Where current rents were vs. market rents
• What improvements were realistic (not hypothetical)
• How the properties could perform after stabilization
A lot of buyers only analyze what a property is today.
But experienced investors look at something different:
👉 What does this property look like after 12–24 months of proper management?
That’s where the opportunity is.
Not in perfection—
But in the gap between “today” and “where it can realistically go.”
Part 3 tomorrow — the biggest mistake I see people make with deals like this.
— Geoffrey Serdar
CØMPASS Real Estate
