New Member from Fargo, ND (experience with farmland, oil wells, & some CRE)

[Nick Horob]

Hello all,

Good evening from a warm (finally) Fargo, ND! 

I graduated from the University of Minnesota with a Finance degree in 2007.  I spent 3 years working for a $600 million Minneapolis-based private equity firm (ShoreView Industries) which gave me great experience analyzing financial statements and dealing with leveraged investments.  I now currently work as a hedging consulting for 25 large farms in ND, SD, and MN. I help them protect their businesses against inevitable commodity price volatility.

I have a long term interest in cash flow-generating investments vs the traditional stock market heavy strategy.

I have a small direct investment (a "working interest") in 6 Bakken oil wells in Western ND.  We (my mother and I) have purchased two small warehouse condos in Fargo.  I'm looking to continue to build an income producing portfolio across different asset classes.

As a side project, I'm starting a business that will connect farmland investors with farmland deals.  Our focus is going to be on using farmers to source off-market deals.  Farmers love to acquire new land to farm but it's capital intensive to buy farmland so we're going to help them find suitable investors who will purchase farmland for them to farm.  We will be paid a finder's fee for connecting the two parties and may offer farmland management services.  

I look to continue to acquire oil well working interests but also build a portfolio of rental property (both residential and CRE) and look forward to learning from and contributing to the Bigger Pockets community.

-Nick