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All Forum Posts by: Matthew Nelson

Matthew Nelson has started 2 posts and replied 3 times.

Post: Has anyone built 10-20m houses at St Kitts island?

Matthew NelsonPosted
  • Investor
  • Maple Grove, MN
  • Posts 7
  • Votes 4

There would be many challenges associated with building a high-end home on a Caribbean island. I spent a few weeks on St. Thomas and St. Johns a few years ago, and the biggest challenge I saw with construction was the lack of materials and the lack of qualified labor. Everybody moves much slower on the islands. They call it "island time". Figure it would take at least twice as long to build any sort of structure there. Another costly hurdle would be the engineering, design and materials required in the region where hurricanes are common. I'm sure insurance isn't cheap either? 

That's just my two cents worth...

Post: Newbie from Maple Grove, MN

Matthew NelsonPosted
  • Investor
  • Maple Grove, MN
  • Posts 7
  • Votes 4

Hello from steamy Minnesota. I'm new to real estate investing however, I know my way around construction sites as I have been in the industry for over 20 years. In my mid-forties I am done with going to a "job" everyday and making other people lots of money. My profile will fill in the missing pieces.

Doing as much reading/podcast time as I can in an effort to educate myself. Rehabbing of single family and small rentals would be my ideal. Flipping first and then some buy and holds to get the passive income wheel rolling. Looking for any other investors in the Twin Cities area that would be interested in meeting up. Thanks

Post: Newbie from Maple Grove, MN

Matthew NelsonPosted
  • Investor
  • Maple Grove, MN
  • Posts 7
  • Votes 4

Hello from steamy Minnesota. I'm new to real estate investing however, I know my way around construction sites as I have been in the industry for over 20 years. In my mid-forties I am done with going to a "job" everyday and making other people lots of money. My profile will fill in the missing pieces. 

Doing as much reading/podcast time as I can in an effort to educate myself. Rehabbing of single family and small rentals would be my ideal. Flipping first and then some buy and holds to get the passive income wheel rolling. Looking for any other investors in the Twin Cities area that would be interested in meeting up. Thanks