Twin Cities area want to get started in Real Estate investments

[Jason Schaffer]

I’m really unhappy with my job and want to do something different. 

Moved up to the Twin Cities over a year ago and wish I could get involved in real estate investments. I’ve been kind of obsessed with rehabs and flips and I spend a lot of time learning and watching videos.

I’ve been in touch with some real estate groups that are always trying to pitch something that feels like a pyramid scheme. 

I have a general idea what I need to do but I’m not sure how to do it. I know I need a lender, a realtor, staging and economical workers. I’m willing to take risks but I would feel better if I could partner with someone who had strengths where I lack and visa versa.

Would something like REI help me connect with people? Any suggestions?

Thank you.

[Moises R Cosme]

1. Yes, your local REI is a great place to start

2. Consider getting your real estate license; getting 10 - 15 transactions under your belt will accelerate your learning and make you a better investor

3. Things you need to get started:  (a) what do you want to buy? (b) where do you want to buy? (c) financing [if you would like a connection to a mortgage broker that specializes in flips, message me], (d) a plan for the property once you buy it [I tell all young investors to take at least a full week, measuring and conceptualizing what they want to do; flipping houses is like writing a long essay, the more you prepare the better the final product] and (e) a plan for selling it

I hope this helps!!!