Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

26
Posts
20
Votes
Melanie Raine
  • Lender
  • Sioux Falls, SD
20
Votes |
26
Posts

Outstate Minnesota Advice

Melanie Raine
  • Lender
  • Sioux Falls, SD
Posted

Hi everybuddy,

My partner and I are relatively new to the world of investing (May 2016) so our learning curve has been huge. But we're already actively involved in note buying and 30+ unit apartment complexes ("involved" means Anthony Chara's boot camp, MNREIA training sessions and meetings as often as possible, note purchasing club where we're actually investing in one, etc). We'd also like to do wholesaling and/or joint venture rehabs of SFRs.

Where we're getting stuck is that we're finding opportunities in outstate Minnesota (we live in St. Paul) but can't find hard money lenders willing to lend outside of the metro area. And we don't know where to start with finding rehabbers in other towns other than searching Craigslist. Unfortunately, rehabbers in outstate Minnesota don't seem to be advertising on Craigslist.

What we'd really love is to start a partnership with a rehabber who is willing to travel and do the fixit work while we find and secure the properties (I know -- but if you're going to dream, dream big, right?) I don't like the thought of having to find/interview/hire/manage new rehabbers in every market. We'd like to lease option some properties and others we'd just sell, depending on the market, property, etc.

It feels like it's so hard to get started! But we're determined! So if anybody would be willing to offer some guidance for investing in outstate Minnesota, we'd really appreciate it. Anything and everything is welcome, even if it's to not waste our time in those markets.

Thank you, thank you, thank you!

Loading replies...