All Forum Posts by: Heath O.

Thanks Kris and Jordan!

I'm planning on using the FHA first time home buyer's loan to get something around 400k with a 15k down payment. I'm aiming for a tri or fourplex, but it's been hard to find them without access to the MLS so my next step is to find a good real estate agent to help with that.

I had hoped to purchase something close to the U of M targeting students, but what I've seen so far is priced to high to provide a good cash flow. I'll have to see more listings once I'm working with an agent to determine if that is an option or if i'll need to look further into the suburbs of Plymouth and Fridley to find better deals.

Hello!

Long time member and researcher, first time posting!

I'm originally from a small 1k population town in Minnesota. My dad tried his hand in the flip and hold market, but hit a ceiling due to the small area.

I'm hoping to try buy and holds here in the metro where there is much more room to grow. I have no experience being the head honcho/owner in this industry, but have plenty of experience in the day to day operations of keeping up rentals, and have been researching this plan for the past several years. I finally have enough saved up for a down payment on my first rental, so i figured it was time to engage with the community which has already taught me so much!