New Member: MN

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Hello Everyone,

I'm from St Paul MN. I've been a member for two days and am very impressed with all the information available here and have posted a couple of times already.

I'm a mortgage lender and real estate investor in Minnesota. I specialize in financing for real estate investors and am lucky the company I work for has been well run and is great shape even with the industry in this condition.

I do have some advice for new real estate investors as I have been ill advised and lied to by my past realtor. Research a lot. And I don't mean all the books and infomercials and all that. You can read until your eyes go blurry and still not gain a fraction of the knowledge a mortgage lender who is an expert in investment property financing has or especially that of your real estate agent (of course specializing in investment property).

Research and find people that are experts and work with investment property full time. It's a different animal both from the agents side and from the mortgage side. Get references and make sure you can count on them.

Real Estate investing is fantastic for those well advised and disciplined. It is a great way to become wealthy because it gives you tremendous leverage potential (your ability to use credit to acquire more assets than the cash you have). Time and leverage are what make real estate investing so powerful.

Do the research...I have two clients that retired in their 30's...from their investment property. It'll pay for you, too.