Hello from Minnesota

[Jeremy Dockendorf]

Hey all, just wanted to say hello and thank you to everyone that contributes to this great page. I’m totally new to real estate investing but looking forward to learning a lot here. My wife and I have thought about investing for a long time and I think we’re getting closer to making it a reality. Recently we’ve been exploring the possibility of purchasing a second property that would generate income through equine operations and wedding/event hosting. Excited to hear what others think about our ideas. 

Thanks, Jeremy

[Tim Swierczek]

@Jeremy Dockendorf  What your describing is really a business that happens to own the real estate rather than rent it.  As @Jessica Grewe said wonderful if you love that business.  It won't be passive and will likely feel like a second full time job.  I'd highly recommend you start the business first and lease your space, preferrably with the option of breaking the lease or subleasing when you don't have events.  This would be much safer if it does not go as you expect and it would preserve your down payment cash for business operations & growth.  Remeber most big businesses do not own thier real estate for a reason.  Growth in business requires massive cash and so does buying real estate, you will likely hurt one or both if you do not have an extremely high amount of cash when starting.