Newbie Investor in Minneapolis, MN

[Jeremy Mangen]

Hey there! My name is Jeremy and  I'm a Newbie/Wannabe investor in the Twin Cities Metro. 

I have an odd background in real estate... My parents are real estate appraisers and have been for 17 years. They started here in Minnesota but moved their business down to Arizona around 2003. I've helped them with their business and been around real estate, hearing the terminology and seeing what my parents do ever since I was 10. I've always been interested in real estate and knew that I wanted to invest in it but didn't know how. So I started reading, a lot. Which is typical for me, I'm a reader and when I want to do something I read obsessively about it. But I had no money and no prospects and no feasible way to enter the investing game, so I quit trying. That was when I was 19. I'm 27 now with a solid career and a lot more life experience (and money). I realized I couldn't keep running this rat race and chasing the typical career track, and I watched as several of my friends started investing in real estate and I thought to myself, "hey! If they can do that I definitely can too." They recommended BiggerPockets and some books such as "Set for Life" and now here I am, couple months later, introducing myself on this forum, signed up for several local REI meetups and talking to a real estate agent about finding a deal for me to house hack.

My goal is to own commercial property, starting with Apartments and seeing where life leads me from there, but that's clearly not a very feasible path to take when I'm just starting out. So, my short term goal is a classic one, I'm sure. I want to house hack a multi-unit, BRRRR it, then use the money to BRRRR another home, and then continue BRRRR'ing until I've raised enough capital to consider larger multi-unit homes or small apartment complexes, and just keep scaling from there.

I'm green as it gets but with the odd caveat that I've grown up surrounded by real estate professionals and knowing the lingo, I've read extensively on it in the past, and because my parents have always been small business owners and had an entrepreneurial spirit, they've passed that along to me. As such, I've got a passion for entrepreneurship and real estate. I've read a lot of the business and real estate books that are recommended on the podcast every week and at this point I'm just hungry to get started. 

I'll wrap it up with some basics about me, I'm a 27 year old IT EDI Business Analyst for CH Robinson and I currently live in Uptown Minneapolis. I'm an avid reader, partner dancer (swing and latin dancing mainly), and powerlifter. My favorite thing in the world is networking and meeting new people and providing value to those around me. I know that sounds cheesy but honestly it's just what gives me the most enjoyment. 

Anyways, that's me in a nutshell. I'm glad to meet you all and thanks for reading my mini novel!