As a newcomer, I’m eager to learn and would love to hear from the seasoned experts in this community.If you were starting over today, how would you approach getting into commercial real estate in Minneapolis?

.• What is the property seasoning?

Also, any investors, or other wholesalers in the area, I would love to link up and get to know the other players in the area.

Most mortgage companies require a mortgage to "season" for one year before they'll sign a partial release of mortgage.

Does that seasoning period apply if I cash out refi into a DSCR loan?

There is also a much larger inventory of rentals for a prospective resident to look at, a few years back we were in the 3ks for vacants and this year bumping up near 5k during the peak season (in my opinion probably due to the low entry price point for investors compared to the rest of the country as well as low interest rates on loans for folks moving out of their homes).

There are a few larger players like Western Alliance and Axos who advertise and do it, but they want to see a much larger portfolio

If it has great LTR capabilities, I'll have a larger loan if it's strictly a seasonal/market related STR it's no leverage on it.The money is where the work is needed.

STRs depend on seasonal demand and can have more frequent vacancies, while LTRs provide steady, predictable cash flow with longer leases.

But use BRRRR and legal entities in such a way that you don't want to wait for the seasoning period, and you can BRRRR every month.