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Sean Cole
  • Bloomington, MN
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Newbie from Minnesota

Sean Cole
  • Bloomington, MN
Posted Mar 24 2017, 01:33
Hello, my Name is Sean I got here from looking into real estate investing for building a future long term income source. I am still not a home owner myself, but have decided in the last year that I want to get into multifamily properties for living in for now and rental property for the future. I am currently reading up on a lot of the info here and elsewhere on what all is needed before starting the process of getting my first property.

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Dmitriy Fomichenko
Tax & Financial Services
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  • Anaheim Hills, CA
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Dmitriy Fomichenko
Tax & Financial Services
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  • Solo 401k Expert
  • Anaheim Hills, CA
Replied Mar 24 2017, 03:15

@Sean Cole

Welcome to the BP family! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best!

Account Closed
  • Investor
  • Excelsior, MN
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Account Closed
  • Investor
  • Excelsior, MN
Replied Mar 24 2017, 03:58

Welcome @Sean Cole!!  

Sounds like "house hacking" might be the best bet for you after reading your intro.  There is a ton of information on here regarding that and other great stuff.  

Any particular area of Minnesota that you are looking at?

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Tom Ott
  • Equity Raiser and Turnkey Provider
  • Cleveland, OH
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Tom Ott
  • Equity Raiser and Turnkey Provider
  • Cleveland, OH
Replied Mar 24 2017, 05:50
Originally posted by @Sean Cole:
Hello, my Name is Sean I got here from looking into real estate investing for building a future long term income source. I am still not a home owner myself, but have decided in the last year that I want to get into multifamily properties for living in for now and rental property for the future. I am currently reading up on a lot of the info here and elsewhere on what all is needed before starting the process of getting my first property.

 Hello and welcome! This is really a great place to start! Best of luck to you!

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Kevin Hunter
  • Rental Property Investor
  • Carlisle, PA
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Kevin Hunter
  • Rental Property Investor
  • Carlisle, PA
Replied Mar 24 2017, 06:23

@Sean Cole, welcome to BP.  Check out the podcasts and get involved in the forums.  You have come to the right place.  Good luck!

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Todd Solberg
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  • Rental Property Investor
  • Byron, MN
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Todd Solberg
Pro Member
  • Rental Property Investor
  • Byron, MN
Replied Mar 24 2017, 06:45

@Sean Cole

Welcome to BP! This site is amazing and the people are very helpful! 

I agree...house hack for sure...wish I would have done that!

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied Mar 24 2017, 07:37

@Sean Cole Welcome aboard.

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Sean Cole
  • Bloomington, MN
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Sean Cole
  • Bloomington, MN
Replied Mar 24 2017, 10:07
@Dmitriy Fomichenko The beginner's​ guide is how I got here I am into the final chapter now. This place​ looks​ like a great place to get my real estate​investing journey​ started

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Sean Cole
  • Bloomington, MN
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Sean Cole
  • Bloomington, MN
Replied Mar 24 2017, 10:12
@Ryan Jones I am focusing​ on the south metro specifically​ Apple Valley, Lakeville​, Savage, Shakopee​, and Burnsville​ for now. I currently​live in Bloomington​ where I have for most of my life, but know that going south of the river does make thinks a little​ cheaper​ Hennipen county is also an expensive​ county to live in.

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Scott S.
  • Investor
  • Minnetonka, MN
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Scott S.
  • Investor
  • Minnetonka, MN
Replied Mar 24 2017, 19:20

Welcome @Sean Cole. Great place to meet fellow investors and find lots of good resources.

I agree that you have to cast the net a little wider to find good deals; I'm closing on a 2/2 townhome in Apple Valley at the end of March. If you have questions about the local market I'd be happy to share whatever info I have over email or a coffee.

Good luck!

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Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
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Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
Replied Mar 24 2017, 20:01

@Sean Cole

Welcome to BP!!!!