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Matthew Comella
  • Vaughan, ON
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First time real estate investor

Matthew Comella
  • Vaughan, ON
Posted

Hello ladies and gentlemen, I'm a newbie with real estate investing and this is my first time on the BP app. I am currently located in Canada looking to invest in my first property. Two metropolitans I am interested in are Indianapolis and the Twin cities. I would dearly appreciate anyones insights/opinions on investing in these two metropolitans. I'm looking for a single family house, budget is roughly $350k, preferably within 30miles or less of downtown core.

With Gratitude,

Matthew

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Tim Swierczek
  • Lender
  • Saint Paul, MN
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Tim Swierczek
  • Lender
  • Saint Paul, MN
Replied
Quote from @Adri Jusczak:

The Twin Cities has been a bit of a mess in the recent years, not saying you can't find a deal there though. Minneapolis just made a new rule that you can't raise rents more than 3% every year. St. Paul is looking to follow that rule as well. Best of luck! 


 Adri, it's the other way around.  St Paul passed the 3% cap on rent increases.  Minneapolis passed the ability to put a cap on but no terms have been finalized yet.

  • Tim Swierczek
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