From So FL looking to invest in Duluth MN; Looking for Advice

[Bruce Bloom]

Hi everyone! Newbie here in Miami Florida. I've been learning as much as I can for the past few months and am now in the process of looking at props. I'm interested in buy and hold to rent but am not finding any great deals here in Miami. The market is extremely expensive and between high taxes and HOA's it's making it very difficult to find anything worth investing. My family lives in Minn. and so I am seriously considering looking for props up there which would mean long distance investing. This makes me pretty nervous as a newbie so I'm looking for advice. Thanks!

[John Woodrich]

There are many properties for sale in Duluth that look good but after following the market a bit it seems that these properties don't really appreciate.  That being said, if you are looking to invest in some of the older properties you better take a hard look at CapX as any major repair will take a big chunk out of your cash flow.