The joruney starts in Minneapolis, MN (Savage)!

[Michael Buckland]

My name is Mike and my fiancé Emily and I are diving head first into this journey.  We're starting with education and are trying to absorb no less than 60 minutes daily in Education. 

I work in Technology Sales and Emily is an Underwriter.  Our primary interests are Buy and Hold and Flips in the Minneapolis/St. Paul Twin Cities Metro area.  Future goals include expansion into Duluth, MN and the Southwest US.  Our primary goal is Education in all areas of Real Estate Investing.  We're willing to invest the time, effort and resources for the next several years knowing it will pay off 10X in the future.  Bring on Toilet Overflow calls at 2AM.

Knowing I only learn after I get burned, we are incredibly interested in learning from your experiences!

What do you wish you knew when you started your Real Estate Journey?

Mike and Emily

Savage, MN

Journey Started - December 10th, 2014

[Alan Mackenthun]

Welcome Mike.  You've come to a great place to learn.  I'm close by just south of Prior Lake.  I also haven't ever had a plugged toilet call, but calls do come occasionally.

As you said the best learning is doing.  Find some good templates to analyze properties so you can recognize a good deal when you see it.  Flips are really a different business than buy and holds.  Flips are really more another job than an investment since so much work is required for the rehabilitations.  I've done a few, but they always remind me how much time they require (that I don't have).  If you're managing properties yourselves, then I've learned to buy them close by.  I'm going to be selling one soon because I'm tired of heading up to Maple Grove.  If you're paying someone else to manage them, then you can expand your search.  There's a wealth of info in the forums so search them with any questions and then ask away if needed.  My wife and I are also in software and invest in RE on the side.  Good luck and Happy Holidays.