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Updated about 3 years ago on . Most recent reply

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Ross Westendorf
4
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New to investing

Ross Westendorf
Posted

Hi All,

I am new to investing and have a family with young children. I am hoping to start off in the Minnesota market so I can do most of the updating myself. I have some construction experience. I am most interested in multi family properties to generate some cash flow for additional properties. Thank you for your help and I hope to be able to help others as well.

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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied
Quote from @Ross Westendorf:

Hi All,

I am new to investing and have a family with young children. I am hoping to start off in the Minnesota market so I can do most of the updating myself. I have some construction experience. I am most interested in multi family properties to generate some cash flow for additional properties. Thank you for your help and I hope to be able to help others as well.


Hi Ross, welcome to BP! I recommend you try to attend your local REI networking groups and meetups. Connect with as many real estate investors as you can.

You can also consult with lenders, brokers and ask them for suggestions on who might be a good real estate mentor and most will be able to provide one. Try to think of different ways you can add value to that person. What are your strengths? For example, are you experienced in social media marketing? Could you offer a mentor some tips? This way it's not just a one way street.

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