MN Best Areas - RE Investing.

[Tucker Mortier]

Looking to purchase a single-family or multi-family in Minnesota, closer the better to the twin cities.  Where can I get the best cash flow?  Just starting out, under 200k would be ideal.  Anyone who's been there done that or any advice would be much appreciated!

Tucker

[Corey Hawkinson]

@Tucker Mortier I agree with James on going off-market. It will NOT be easy though! You’ll need to network and work very very hard but you can find deals. I’m not as good as James but I am under contract on a 6-unit for $340k that rents for $3,800 in the greater Twin Cities area. Possible value add, but I’m not quite sure yet on that piece. The best part is that I was the only investor that knew about the deal.

You’ll find better cash flow going a little further out, unless you’re comfortable in North Minneapolis or East St Paul. The competition is pretty intense right now so my recommendation to anyone trying to be successful is to do things that others are not doing. For me, that means networking with lead sources that others don’t know about. Find a path that others are not on.