New College Graduate looking for first investment property.

New College Graduate looking for first investment property.

Minneapolis, MN · Member since 2016 · 1 post · 5 votes

Hi,

I am a 26 y.o. Mechanical Engineer looking to get starting in the real estate world.  Currently live in Minneapolis Minnesota and am interested in staying here long term.  

Looking to learn about the business and start my path to financial independence.

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Real Estate Agent · Minneapolis, MN · Member since 2015 · 129 posts · 63 votes
10y

@Dan Quealy

Shoot me a PM! I'd love to try and help inform you on the process and good locations to look for investment properties. I currently own one. I wouldn't mind sharing my experience, cashflow/analysis and financing types.

Here to help!

Sam 

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  • Real Estate Agent · Minneapolis, MN · Member since 2015 · 129 posts · 63 votes
    10y

    @Dan Quealy

    Shoot me a PM! I'd love to try and help inform you on the process and good locations to look for investment properties. I currently own one. I wouldn't mind sharing my experience, cashflow/analysis and financing types.

    Here to help!

    Sam 

  • Real Estate Agent · Burnsville, MN · Member since 2016 · 7 posts · 2 votes
    10y

    Hi Dan,

    Where & how would you like to start your path to financial independence? Buy & hold, flipping, wholesaling?  Just trying to figure out how I can help. 

  • Investor · King of Prussia, PA · Member since 2014 · 1k+ posts · 339 votes
    10y

    @Dan Quealy welcome to BP! Best/first thing to do is get educated. Read read read! Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche. Best of luck!

  • Mankato, MN · Member since 2016 · 16 posts · 10 votes
    10y

    Hey Dan,

    I'm a recent college grad looking to get started in buy and hold real estate myself. I don't work for BP or anything but I've been listening to the podcast while I drive and it has a ton of great info. Check that out if you get a chance. Good luck getting started and welcome to the forums!

    Dylan

  • Lender · Wayzata, MN · Member since 2016 · 26 posts · 8 votes
    10y

    Congratulations.  I would recommend when evaluating properties to focus in on cash flow versus just the valuation/appreciation.  Values go up and down as the market moves but as long as you have cash flow the loan payments get paid and you continue to own the asset/make money.  Good luck!

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