Building my MN REI team!

[Lindsey Konchar]

I'm a new investor (we are under contract for our first rental property)!

We really took the bull by the horns on this one and patched our way through 😅 but I would LOVE some recommendations for a Tax Specialist, lender, and other important people throughout this journey!

I'm based on the west side of the Twin Cities and am investing on MN's North Shore (Duluth, Two Harbors, Grand Marais) The house were under contract for is a long-term duplex. 

We're planning to purchase a long-term property every 6-12 months and sprinkle in 3-5 short-term rentals within the next 5 years!

Any recommendations, advice, or words of wisdom are welcomed! Thank you so much!

[Julia Lyrberg]

Congrats on getting under contract for your first rental property—that’s a huge milestone! For a tax specialist, look for someone experienced in real estate investing to maximize deductions and plan for your goals. Networking with other local investors or joining a real estate meetup can also help you find great lenders, property managers, and contractors. Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key. Best of luck—sounds like an exciting journey ahead!