Updated almost 5 years ago on . Most recent reply
Any real estate investors in the Minneapolis area out there?
Hello everyone, I'm brand new to Bigger Pockets and to real estate investing. I'm still in the "read lots of books" and "look at lots of spreadsheets" phase. I'm hoping to purchase my first rental property within the next year. I'm wondering if there is anyone in the Minneapolis area that would be willing to share any strategic tips on what is working and what isn't in this area? I'm working on creating my long term plans, but I'm not sure how the market here compares to other places. I know the house prices here are considerable higher than Brandon talks about in his book...But I also know that it's all relative. Any thoughts or advice? (Not looking for a mentor here, just advice.)
Thanks!
Most Popular Reply
Welcome to the community, Caleb!
We've got around 100-units in St Paul and can speak firsthand to just how awesome this market is.
We think of the Twin Cities as a sleeper-market. Most investors from outside the area aren't aware of just how strong the underlying fundamentals are here (which is great for us).
Shoot me a DM and I'd be happy to share some resources that will help you understand the Twin Cities market a bit better.
What niche in particular are you thinking of pursuing? Single-family, multifamily, fix-n-flip, wholesale, etc...?