All Forum Posts by: Matthew Hanrahan

This might be a dumb question, but I can't seem to figure this out. Can explain how to make a post in the Local Real estate forum? I can't search for it, and I don't see a start discussion button anywhere...

Hey @Alan Silber, I'm in the same area you are and it sounds like at the same point investment wise. 

Good luck to you, I hope I get to hear about your successes in the cities!

Hi @Mindy Jensen, @Jerry Padilla, and @Jeremy T. and @Jeff B.. Thanks for the tips and advice!

Honestly I'm still in the education stage: reading on here, listening to the podcasts and reading a couple books. But I appreciate the jumping off point!! 

When I start to talk to lenders this should be really helpful!!

Hey Doug Thompson I'm in Minneapolis, and just trying to learn the business as well. I'm interested in but and hold, not flipping necessarily. Would love to hear about your progress and what you're learning about the area as you go!

Hey Rashad Kennedy Bill Gulley Ted Scearcy So just so I'm understanding correctly, if I have completed all the other requirements, agencies will just let me "hang my license" (so to speak) in their shop w/o doing any work for them? There must be a catch... Sorry for the confusion but I come from the securities industry where that is absolutely not the case.

So here's something I'm a little perplexed about. I've been listening to the podcasts, and about 90% of the guests say getting a real estate license is worth it. I think that makes a lot of sense, and because I have time on my side I figured I might as well take the courses, test, etc. BUT...in Minnesota it seems to get the license you need to work for an agency or be a broker. I want to keep my job, and I don't want to be an agent. Is there anyway around this, or am I missing something?

Hi everyone, Real quick question about financing with a traditional mortgage. If I go to a bank, and tell a loan officer that my general plan is to buy a buy and hold investment property and I want to know approx how much I can get approved for, am I going to get laughed out of the building (so to speak). If not, would anyone have a recommendation on how I would approach that subject at a bank/other traditional lender? If so what am I missing here? I understand that with rental properties I need to focus on cash flow, but I want to ensure that I can actually secure a loan for $x and that I'm not wasting my time or an agent's time. Also, would any pre-approval process require a hard pull on my credit (with negative aspects towards my score)? If after I see loan options I decide to not proceed further would that look like a rejection of some kind on my report? Thank you for the help!!

Hello everyone!

My name is Matt and I'm brand new to real estate investing. I'm 25 years old and for work, I'm a trader for an asset manager in the area. My goal in real estate investing is to give me a more active role in my investments, to build wealth through buy and hold investing, and to eventually create a side business from real estate and rental income. 

I'm interested with connecting with people about investing in the twin cities area, investing in buy and hold single family and small-multi family properties, land-lording, and especially investing as someone in their twenties. 

I got interested in real estate investing by reading Rich Dad, Poor Dad and by listening to the Bigger Pocket's podcast on my commute.

I'm looking forward to networking and being able to connect with the great community here!

I've already made one forum post in the getting started area and I've received great feedback so far!

Hi everyone, I'm on the app so I don't think I can't tag you but I appreciate the advice! I haven't talked to a mortgage broker yet, but that will be next step. I have some money to put down, but if possible I'd rather put down the 3.5% FHA loan so I can keep my portfolio diversified in paper assets. Would it be more useful to talk to a mortgage broker first or to look at properties first? Also, does anyone have a good recommendation for a mortgage broker and real estate agent in the MSP/STP area?

Hi Everyone! I'm brand new to the Bigger Pockets site, and I wanted some advice on what to do first. I'm interested in buy and hold investing, and I'd like to buy my first property in the next 120 days. I'm in the Minneapolis/St. Paul market and I'm trying to decide if I want to purchase a single family home or if I want to purchase a multiplex of some kind, and live in one unit and rent out the rest. I definitely see some pros and cons to both but I wanted to know what you thought would be a better idea for a first timer. Also, are there any books/resources you would recommend on owner occupied multiplex rentals? Thanks for the help in advance!