New Investor Looking for Long Term Rentals in Minnesota

New Investor Looking for Long Term Rentals in Minnesota

Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes

Hello Everyone,

I am an investor in Minnesota looking to connect with others. My goal is to purchase 10+ long term rentals over the next 5-8 years to generate income that allows for more time flexibility. I would also like to build this small business to show my young boys other avenues in life outside the corporate world and ideally work with them as they get older if they are interested. 

I have been doing a fair amount of learning the last 3-6 months and feel some momentum this week as I have put in 4 different offers. Three have been turned down so far, but hopefully the fourth goes through tomorrow. I am targeting the northern suburbs of the Twin Cities, but also looking at other areas such as St. Cloud, Duluth, Mankato and Rochester.

A fun fact about me is that Maui is my favorite place and I would love to acquire a short term rental in Hawaii in the near future.

Please reach out to connect.


Wade Luhman

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Investor · Minneapolis · Member since 2022 · 74 posts · 25 votes
4y

Welcome Wade! There is an upcoming BP meetup on May 12th that you might want to attend to connect with other investors. I too have that similar goal and am a little further along and could help provide some direction. DM me and we can connect when your time allows. Cheers!

-Jake

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  • Investor · Minneapolis · Member since 2022 · 74 posts · 25 votes
    4y

    Welcome Wade! There is an upcoming BP meetup on May 12th that you might want to attend to connect with other investors. I too have that similar goal and am a little further along and could help provide some direction. DM me and we can connect when your time allows. Cheers!

    -Jake

  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    4y

    That's a great goal, Wade! Welcome aboard and best of luck investing!

  • Justin WindhamPro Member
    Banker · Nationwide · Member since 2015 · 4k+ posts · 1k+ votes
    4y

    @Wade Luhman

    It’s nice to have you on Bigger Pockets!

    Make sure you check out all that this site has to offer.

    There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

  • Jay LohnBusiness Member
    Real Estate Agent & Investor · Champlin, MN · Member since 2014 · 179 posts · 43 votes
    4y

    Welcome to BP, best of luck on your investing journey!

    Lohn/Paulno Property Management, LLC53 Reviews
  • Investor · Nutley, NJ · Member since 2017 · 72 posts · 56 votes
    4y

    Wade, welcome aboard! You're definitely starting off on a good path: you have a goal, you have your BIG why (free time and teach your boys), you've studied, and you've started putting in offers. Great job! My quick two cents is jo your target areas like the back of you hand, go to REI meetups as often as you can, use BP for questions, read BP articles, and make sure everyone you meet knows what you do and what types of properties you are looking for.

    Good luck!

  • Banker · Minneapolis, MN · Member since 2017 · 257 posts · 143 votes
    4y

    Hi @Wade Luhman nice to meet you! I would love to connect with you. I am based in Mankato, MN but work with investors all over the state. Wishing you the best - Brandon

  • Realtor · Bloomington MN (bloomington, mn) · Member since 2016 · 451 posts · 263 votes
    4y

    @Wade Luhman you should definitely come to this awesome local REI meetup this week to network with other investors and hear how local investors are buying apartments in the twin cities. You can find it on Facebook at Duplex Dan or on meetup.

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Jacob Carroll:

    Welcome Wade! There is an upcoming BP meetup on May 12th that you might want to attend to connect with other investors. I too have that similar goal and am a little further along and could help provide some direction. DM me and we can connect when your time allows. Cheers!

    -Jake


     Thanks Jake. I found the info on the BP meetup for May 12th and will try to join. I hope to see you there.

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Julio Gonzalez:

    That's a great goal, Wade! Welcome aboard and best of luck investing!


     Thanks Julio!

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Justin Windham:

    @Wade Luhman

    It’s nice to have you on Bigger Pockets!

    Make sure you check out all that this site has to offer.

    There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro


     Thanks Justin!

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Jay Lohn:

    Welcome to BP, best of luck on your investing journey!


     Thanks Jay!

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Brandon Plombon:

    Hi @Wade Luhman nice to meet you! I would love to connect with you. I am based in Mankato, MN but work with investors all over the state. Wishing you the best - Brandon


     Thanks Brandon!

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Daniel Anshus:

    @Wade Luhman you should definitely come to this awesome local REI meetup this week to network with other investors and hear how local investors are buying apartments in the twin cities. You can find it on Facebook at Duplex Dan or on meetup.


     Thanks Dan. I found the event on Facebook. I likely won't be able to make the one this week. But will keep an eye out for future events.

  • Deena LaugenPro Member
    Real Estate Agent & Investor · Minneapolis, MN · Member since 2015 · 22 posts · 6 votes
    4y

    Welcome, @Wade Luhman! You are definitely on the right track! I've been investing in the Twin Cities area for a long time and it's a great place to be. If you have any questions, reach out anytime!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    4y

    Welcome aboard Wade!

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Deena Laugen:

    Welcome, @Wade Luhman! You are definitely on the right track! I've been investing in the Twin Cities area for a long time and it's a great place to be. If you have any questions, reach out anytime!


     Thanks Deena!

  • Rental Property Investor · MN · Member since 2020 · 14 posts · 9 votes
    4y
    Quote from @Andrew Syrios:

    Welcome aboard Wade!


     Thanks Andrew!

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