Any investors in Minneapolis?

Question

Hey everybody!

Is anybody here investing or has invested in Minneapolis? Or even lives there. If so, would love to hear your thoughts on the market.

Appreciate it.

Kurt Pauley · Answer

@Hartley Schwartz. Hey Hartley, I have invested in Minneapolis and I am a realtor helping investors in this market. As @Tim Swierczek said the city is becoming more anti-landlord but I don't think it's enough to outweigh all the positives in the market. Great appreciation and strong rental demand. There are some areas that are prime for investing in that haven't see the prices become inflated like some of the more popular areas. Are you looking to invest in Minneapolis?

Tim Swierczek · Answer

Hey Hartley,

Minneapolis has traditionally been an excellent market.  It's combined strong rents along with better than average appreciation, combined with a good rental pool.  The politics of the city are in question.  The city counsel is anti-landlord and it shows.  I think it's still a great market but will require someone committed to navigating the city's governmental BS.  The good news for those that invest there is there will be less people willing to do that and those who stay will thrive.

Jordan Moorhead · Answer

@Hartley Schwartz Tim is the guy to talk to! He's done lots of deals himself and helped 100's of clients do them. I've personally helped Tim buy/sell 5 or so duplexes in the area.

Ali K. · Answer

@Hartley Schwartz

Where are you in Florida? I have two upcoming trips to Florida in March.

Jay Lohn · Answer

@Hartley Schwartz

Hey Hartley, I have been an investor and agent in the area since 2010.  I would be happy to answer any questions you might have.

Hartley Schwartz · Answer

@Ali K. lol not sure why my profile said Florida. I am originally from Chicago but live in Israel for the timebeing.

Hartley Schwartz · Answer

For all the reason you mentioned above was one of the reasons that I was looking to invest in the City. The fact that it is very not landlord-friendly does make it a little tricky, but one of the reasons I chose the market was I felt that there would less competition in a pretty solid market.

Have you done any deals in Minneaoplis?

Any investors in Minneapolis?

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