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Updated over 6 years ago,
New to real estate, live in Northern CA, invest in Twin Cities MN
Hey BP community!
I grew up in the Minneapolis and went to high school in St. Paul. I still have family and friends there, but I moved to northern California for grad school 15 years ago and currently work and live (rent) near San Jose with my wife and 2 young daughters. I have saved up and inherited enough to make a down-payment on a house here, but things feel over-heated ($1,000+ /sqft!).
From reading books like Rich Dad, listening to the BP podcasts, and crunching numbers on listings, I've become convinced that purchasing a rental property in the Twin Cities in 2018 is a good first step towards my goal of generating $100k of passive income before I turn 50 in about 10 years. Remote multifamily BRRRR and note investing seem like the best fit for me, and I'm excited to test that hypothesis while working 2 jobs and raising my girls.
I'm trying to find and connect with people in the business: brokers, property managers, contractors, tax advisors, and attorneys. I'm also looking to connect with investors who care about things like energy efficiency and creating value for people in poor neighborhoods while minimizing gentrification.
My best,
-Whit