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Updated 3 days ago, 12/30/2024

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2
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2
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Lindsey Konchar
2
Votes |
2
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Building my MN REI team!

Lindsey Konchar
Posted

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!

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447
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612
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Katie Miller
Pro Member
  • General Manager, Publishing at BiggerPockets
  • Denver, CO
612
Votes |
447
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Katie Miller
Pro Member
  • General Manager, Publishing at BiggerPockets
  • Denver, CO
ModeratorReplied

Hi Lindsey! 

Welcome and congrats on your first rental (almost) purchase! I highly suggest you use our marketplaces to find trusted, investor-friendly team members: 

Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...
Lender finder: https://www.biggerpockets.com/business/finder/lenders
Property manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...

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1,507
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1,614
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Tim Swierczek
Lender
Pro Member
  • Lender
  • Saint Paul, MN
1,614
Votes |
1,507
Posts
Tim Swierczek
Lender
Pro Member
  • Lender
  • Saint Paul, MN
Replied
Quote from @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!


 We should talk. Please PM me

  • Tim Swierczek
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The Tim Swierczek Team - Gold Star Mortgage
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User Stats

192
Posts
139
Votes
Julia Lyrberg
  • Lender
  • TX
139
Votes |
192
Posts
Julia Lyrberg
  • Lender
  • TX
Replied

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!