Is anyone finding good deals in Minneapolis?

[Kiersten Hegna]

We are just starting out and reading a lot about very inexpensive properties to flip. It doesn’t seem like there is anything worth buying in Minneapolis area that is affordable. Was just reading about purchasing in TX and OH for well under $100k. Is this market out of reach? 

[James Hamling]

Quote from @Abel Curiel:

Hello @Kiersten Hegna!

According to BP and Refin, Minneapolis is seeing increased inventory and has already seen a 10% drop in median home price over the last year. 

These could be good signs when it comes to finding discounted deals. If you're flipping for the first time, the risk level may be higher in this type of market. 

Of course, these are general stats on the greater metro area so I'd recommend speaking with a local specialist who can break down the most affordable options within Minneapolis. 

The search feature here on BP could also direct you to relevant forum posts and contacts. Here you can also find out additional information about TX and OH. 

My preferred contact in OH is 
@Steven Foster Wilson

All the best to you on your search!

Abel

No, not even close to accurate. Below is the DIRECT data feed from Twin Cities MLS, there is no 10% drop, and actually no drop at all.

There is no "opportunity" of distressed homes to "cheaply flip" in Twin Cities. 

People, PLEASE STOP reading books from a decade+ ago on market standings, this is not '09'.