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Updated about 6 years ago,
New investor seeking feedback!
Hi All,
I am brand new to the game and have been given a unique opportunity to get into real-estate. I am 23 years of age from New Jersey. I have lived in Texas the last year for work and have just re-located to Brookings, SD for the next 8 months as well for work.
My work is, well by no means normal. I am a hockey referee for a high level junior league. The league that I work for rents apartments (usually the same apartments) every year to provide housing for their officials (me). I have spoken to the league and they are excited about my idea of myself purchasing a 3 bed room house in the St.Paul/Minneapolis area and leasing it out to the league. This provides me with some automatic pros... The tenanat would be a hockey league that I know is good for their money, it is a nationally known league that generates a lot of cash-flow. I know my tenants, most of whom I work belong side of. And I will also be traveling in and out of that house on occasion where I can check out how things are going (that can be both a pro and a con).
I have a few months to do adequate research to make sure I am as prepared as I can be. I have spoken to loan officers, financial advisors and life mentors about this but I have not spoken to actual real-estate investors like yourself. I would love the opportunity to meet with one of you (if you are in the area) or chat on this forum so I can get your feedback on my proposed idea above. I greatly appreciate all of you.