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Updated over 3 years ago on . Most recent reply
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New investor ready to dive in!
Greetings BP community! I recently moved from Fort Collins, CO to Minneapolis, MN and am ready to take the next step towards my ideal form of financial freedom. My initial goal is to find a property to rehab+house-hack- ideally in the Minneapolis Northeast neighborhoods. Based on all that I have learned from BP content and the community I am not going into this initial foray expecting to find the perfect deal. I am far more interested in gaining experience, getting out of rental rat-race, and developing the knowledge and skills necessary for future deals and endeavors.
I am primarily interested in multi-family properties (duplexes and triplexes to start), and would love if they are near some of the amazing bike trails Minneapolis has to offer (both for the property value increase and because I love not having a car payment!) I'm an avid traveler (27 countries and counting) bicycle tourer (most recently road from Florida to California) and rock climber. My hope in diving into real-estate investing is that I can shape my life in a way that I am able to pursue these passions for more than a couple weeks a year.
I am so excited to begin this journey, and can't wait to continue learning from the wealth of knowledge contained by this community!
Most Popular Reply
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Hey welcome! Colorado is one of my favorite places in the U.S. I'm a househacker myself, and I do some indoor bouldering now and again. Vertical endeavors is a great local gym, Minneapolis bouldering project another great option over your way! happy to help if you need some direction or just want to meet and chat with some local investors, lots of folks responding here are part of local meetups. There are some great ones on facebook, and others more informal where investors are showing off their projects - those are the fun ones where you can talk numbers and learn about local market challenges. Lots of us have good connections with realtors, lenders, etc and many of us fulfill hybrid roles like that. Both cities just enacted some rent control legislation you'll want to make yourself aware of, and there's plenty of good forums going around BP about that. reach out anytime, and good luck!
- Jeff Schemmel