Investing in the Midwest, specifically MN (Twin Cities)

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Investing in the Midwest, specifically MN (Twin Cities)

Zach Goodwin
Member since 2019 · 2 posts · 2 votes

I’m looking to invest in the Twin Cities (MN). Specifically SF, Duplex, or Triplex. I’m curious to get the opinions and advice of others who currently own investment real estate in this area or looking to pursue this area.

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Amber Gonion
Real Estate Broker · Hugo, MN · Member since 2016 · 688 posts · 596 votes
7y

@Zach Goodwin the Twin Cities is a good place to invest. The rental market is strong with the only potential issue is the overbuilding of the class A market. This is leading to vacancy in the Class A market that could trickle down and suppress rents in over classes.

Things sell quickly usually less than a week, so you need to be ready to pull the trigger. Also no one is giving away equity, prices reflect the opportunity. In both major cities the inspectors are by the book, typically in the “most” suburbs they are a little more lax. In the city the regulations are also a risk as you don’t know what the council will do next, and they are extremely tenant friendly.

Generally the area is good though, we tend not to be affected by recession as bad as the rest of the country and most areas are safe.

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  • Amber Gonion
    Real Estate Broker · Hugo, MN · Member since 2016 · 688 posts · 596 votes
    7y

    @Zach Goodwin the Twin Cities is a good place to invest. The rental market is strong with the only potential issue is the overbuilding of the class A market. This is leading to vacancy in the Class A market that could trickle down and suppress rents in over classes.

    Things sell quickly usually less than a week, so you need to be ready to pull the trigger. Also no one is giving away equity, prices reflect the opportunity. In both major cities the inspectors are by the book, typically in the “most” suburbs they are a little more lax. In the city the regulations are also a risk as you don’t know what the council will do next, and they are extremely tenant friendly.

    Generally the area is good though, we tend not to be affected by recession as bad as the rest of the country and most areas are safe.

    5Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @Zach Goodwin its a great area! Where do you currently live?

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
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  • Zach Goodwin
    OP
    Member since 2019 · 2 posts · 2 votes
    7y

    @Jordan Moorhead I am located in Lino Lakes. Yourself?

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  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @Zach Goodwin I’m in Minneapolis. Just sold a new build townhome in link lakes

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
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  • Isaac Braun
    Professional Engineer · Minneapolis, MN · Member since 2017 · 117 posts · 75 votes
    7y

    @Zach Goodwin, @Jordan Moorhead and @Tim Swierczek are the guys you're going to want to meet to get to know this market and get the financing needed to bring down a deal quickly.

    1Reply
  • Fred Shatzoff
    Lender · Member since 2019 · 604 posts · 160 votes
    7y

    @Zach Goodwin Hi Zach if you need help with funding let me know.  Good Luck.

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  • Tim SwierczekPro Member
    Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
    7y

    Thanks for the kind words @Isaac Braun
    @Zach Goodwin I'd be happy to meet with you and talk investing.

    1Reply
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