New Member and Investor from St. Paul, Minnesota

Real Estate Agent · Owatonna, MN · Member since 2017 · 221 posts · 152 votes

Hi BP,

I am 22 years old and a junior in college, majoring in finance. My fiancé and myself currently rent an apartment near St. Paul. When our lease expires in May, we would like to buy a duplex in the Minneapolis-St. Paul metro area to house hack. My long term goal is to reach financial independence by age 30 through rental properties.

I hope to learn as much as I possibly can in these coming months before making my first investment. I am looking forward to meeting everyone and learning from people who have had success investing in rental properties.

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Jordan MoorheadBusiness Member

Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes

Househacking is definitely the way to go. It helped me save a ton of money and buy my next rental in less than a year!

[email protected]512-888-9122

The Moorhead Team5140 Reviews

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Rob Drum
Real Estate Broker · Bradenton, FL · Member since 2017 · 544 posts · 363 votes
8y
@Dillon Dale Welcome to BP! Starting young, that's awesome! You can definitely achieve that goal. There are a ton of BP members who have done just that. Just learn to love the grind, and you'll do great. Good luck!
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Andrew SyriosPro Member
Moderator
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
8y
Welcome to BiggerPockets Dillon and good luck investing!
Podcast Guest on Show #121
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Dave VisayaPro Member
Moderator
Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
8y
Hello @Dillon Dale, welcome to the site! It's great to have you here. Feel free to ask any questions in the forums. Seeya around!
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Andy Saquing
Minneapolis, MN · Member since 2014 · 14 posts · 5 votes
8y
Welcome @Dillon Dale,
I am in a similar boat having just purchased my first property after moving to Minneapolis a couple years ago. I have to say it's been nice not paying the crazy rent prices I'm sure you're paying.
I'll send you a pm.
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
8y
Househacking is definitely the way to go. It helped me save a ton of money and buy my next rental in less than a year!
[email protected]512-888-9122
The Moorhead Team5140 Reviews
Website View Page
2 Reply
Tim SwierczekPro Member
Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
8y
@Dillon Dale house hacking is the smartest way to get going.
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Kurt Pauley
Realtor · Minneapolis, MN · Member since 2016 · 245 posts · 107 votes
8y
@Dillon Dale Welcome sir! House hacking is awesome. I have a couple friends in your position right now. I am buying rentals now but I always wanted to house hack but my wife didn't want to do it. She now regrets it :-). Let me know if you have any questions or concerns about certain markets. I've learned a lot from my realtor as he has been helping investors for 25 years. I think a good realtor is crucial and can set you up with daily notifications of new properties, etc.
Good luck out there! Education + action + positivity
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