Hello from Marquette, MI / Minneapolis, MN

7 Replies

Hello,

I'm new here after listening to quite a few of the BP podcasts and deciding I wanted to go a little deeper. 

Background: I purchased my first duplex in Marquette, MI with partners (~2 years ago) using seller financing and just refinanced with a local bank this past spring. It's in a very central location in a very rural town but we have a university and a brand new hospital nearby so the rental market is strong. We're currently in the process of fixing it up as we can and search for our next deal whether that's another rental, fix and flip or something else.

Since listening to BP I've learned a handful of things we did wrong on the first deal (probably should have fixed the property up before refinancing with a bank but we were afraid to do work on it until we "owned" it). 

Although I am primarily based in Michigan's Upper Peninsula I consider Minneapolis to be a home as well and am super interested in investing there. 


At this point I'm just trying to learn as much as I can, make connections and do better on the next one!

Welcome, thanks for sharing your experience. The BP community of shared experiences help everyone acquire more knowledge. There is often more to learn from mistakes than from perfect properties.

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