All Forum Posts by: Shu Matsuo Post

@Brian R. thanks for your input. I'm sorry I'm just responding - I just saw your comment. Good to know the specifics about Centerville. It's on Progress Road, next to an elementary school - have you heard of that street? 

@Todd Dexheimer, I listened to your BP Podcast episode like twice! Thanks for your advice. I tried Drake Bank and they said they only take investors who live in the area. I'm working with @Tim Swierczek right now as he knows a couple of lenders who might be able to help us out. I'll look into the others you've mentioned as well.

My wife and I are pursuing a 14-unit apartment in north of Minneapolis. We've reached out to a couple of lenders but got turned down since we are currently investing out of the country from Japan (although my wife is from Mpls) and we only have one investment property, which is a duplex. Does anyone know of any bank that might be interested in lending to newer investors like us for investing in this apartment? This seems like a really solid deal and we really want to get on it!

Thanks for your help,

Shu

@Tim Swierczek sounds good. Thanks for the tips as always, Tim!

@Josh Collins awesome. This is helpful. Thanks for your insight!

@Tim Swierczek thanks for your comment. This multi-family property mostly has one-bedroom units. Are you saying it would be hard to rent out those?

Does anyone know much about Centerville, Minnesota? My wife and I area considering investing in a multi-family property there.

@Jill F. That’s awesome. Congrats on achieving your goal! I love it. My wife and I are about to close on our first deal (a duplex) in Minnesota tomorrow. You’re my inspiration - my goal is to achieve what you’ve achieved in three years!

If you had a goal of becoming financially free in 3 years (making $50,000/year) and had $350,000 to invest, how would you spend this money and why?

@Nathan Gesner Makes sense. Thanks for your advice!