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Updated about 8 years ago,

User Stats

60
Posts
30
Votes
Joseph Lee
  • Rental Property Investor
  • Minneapolis, MN
30
Votes |
60
Posts

New Buy and Hold Investors- Minneapolis, MN

Joseph Lee
  • Rental Property Investor
  • Minneapolis, MN
Posted

Hey everyone! My wife and I are new investors currently living in the Twin Cities of Minneapolis and St. Paul, Minnesota. We're two newly-married young professionals who have only been interested in real estate for about 4 months, but are extremely intrigued by the ability to build sustainable wealth and have more control over our financial health.

We've been listening to BP podcasts and scouring the site and forums for all the information we can for a few months, but decided it was finally time to get engaged in the community, especially with the past week we've had. We just had an offer accepted on our first property- a duplex in the Longfellow neighborhood of South Minneapolis- on Tuesday and will be closing in mid-December!

We will house-hack (owner-occupy) this first property for some amount of time, but the long-term plan will be to rent out both units and move on. It needs some updates, so we're very excited to learn and try out some home improvement skills.

After we get this property to where we want it, our plan is to continue in the buy-and-hold space of small multi-families and SFHs, and are open to doing that both locally and in a non-local market.

We're excited to network with you all, learn, and hopefully even be a source of knowledge on the forums at some point in the future.

Also, if you have any tax adviser recommendations in the Twin Cities area, please send them our way!

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