Loan Originator in Minnesota

Member since 2026 · 1 post · 0 votes

I'm here to learn how the Real Estate Investor Business works so that I can move into DSCR and BRRRR as a niche loan originator. I work for a small brokerage in Minnesota. I do TikTok Lives to talk to Real Estate investors but I have learned that this is also a great way to pick up information on how to evaluate deals, structure them, and be a more informed loan originator.

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Adam TafelBusiness Member

Real Estate Agent · St. Paul, MN · Member since 2017 · 575 posts · 395 votes

4mo

Here is how to crush it in the lending space with the BRRRR crowd. Provide us with a product which will let us cash out completely without a seasoning period, and value the property based on ARV (not total cost). Let's say I purchase a house for 175k (cash), put 30k into it, and now its market value is 285k. Most lenders will not lend based on the ARV in such a short time span, even with a cash purchase. I have found one local bank who will work with me on these deals, but it would be great if they have some competition.

Upside Property Sales 4.9108 Reviews

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Ashley RigsbeePro Member
Customer Success & Onboarding Specialist at BiggerPockets · Charlotte, NC · Member since 2023 · 55 posts · 22 votes
5mo
Welcome Mike! Check out our real estate classifieds forum. People usually post local meetups there. You may be able to connect with others in your area to see how their business works.
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Bryon AndrewsBusiness Member
Real Estate Agent · Saint Paul, MN · Member since 2018 · 201 posts · 104 votes
5mo
Hey @MIke Haubrich welcome to BiggerPockets! My biggest piece of advice as an investor and real estate agent who works with investors in the Twin Cities is to make sure that you are also utilizing the products and strategies that you are trying to help clients with. I didn't start selling 2-4 unit properties until after I had owned a few myself and had real world experience. I am able to support my clients in not only buying/selling but also all of the things that come after closing on an investment property. With this type of experience, you will be able to provide significantly more value to your clients.
If you already utilize the products and strategies, I recommend making that known and look for ways to provide value to others in the community. Best of luck!
[email protected]715-892-4596
Bryon Andrews Real Estate51 Review
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Darren KurilkoPro Member
Lender · Venice, FL · Member since 2025 · 16 posts · 0 votes
4mo
Welcome!
Darren Kurilko | Sizzle Capital Group
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Adam TafelBusiness Member
Real Estate Agent · St. Paul, MN · Member since 2017 · 575 posts · 395 votes
4mo
Here is how to crush it in the lending space with the BRRRR crowd. Provide us with a product which will let us cash out completely without a seasoning period, and value the property based on ARV (not total cost). Let's say I purchase a house for 175k (cash), put 30k into it, and now its market value is 285k. Most lenders will not lend based on the ARV in such a short time span, even with a cash purchase. I have found one local bank who will work with me on these deals, but it would be great if they have some competition.
Upside Property Sales 4.9108 Reviews
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Cory Mcclure
Lender · Member since 2025 · 9 posts · 7 votes
2mo
Welcome, Mike! Great to have you here. Building relationships is one of the best parts of BiggerPockets. Wishing you success as you grow your investing business.

Cory McClure | Peak Lending
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