Multi Family Investing In Twin Cities, MN
Hello all,
I am researching multifamily investing and I need to find out what is a good area in Twin Cities, Minnesota metro to invest. Any advise is appreciated.
Most Popular Reply
It's tough to generalize and say you should look at one area. Some folks are after a higher quality tenant, and focus on suburbs with good quality schools. Other investors are willing to put up with lower income areas because they like the lower prices and high returns in those markets. Other folks want something close to their home so they can self-manage. Asking yourself what is most important to you is a bit of a gut check.
If you are looking for a multifamily, I would start by analyzing properties on Loopnet. Don't put in any offers, just get comfortable with running the numbers. Maybe go visit a couple properties. That will help you get a feel for what type of property you want and how much it will cost.
Best of luck to you, let me know if I can help further!