Land in MN?

[Lue Yang]

I am about to graduate college and will finally get a good job. My family lives in MN, but I will not be living in MN for the next 5-6 years. However, I'd like to consider buying land here as an investment. Anyone know anything about buying land in MN, preferably closer to the twin cities? Is it profitable? Where should I look for land? What can I do with that land? Any other advice? Thanks!

[Edgar U.]

Here are some tips for buying land in MN. If you are looking to get it closer to the city it may be suitable for you.

Go for the following if looking to be closer to the twin cities:

1. Look for land that has already utilities in place, city utiliteis will be best (i.e) County sewer, water, and electricity nearby. If they have gas even better!

2. Try to shy away from HOA as they may set you with covenants and restrictions for future building. Unless they have all utilities in place and are near some major park, water, etc. Again, try to shy away from HOA if you can.

3. If you are looking for land as an investment, try to go for larger acreage 3, 5, 10+ acreage. They usually come with less restrictions, and area super easy to maintain. Just pay annual taxes and that's it. You can't go wrong with unrestricted land (i.e) build a home, mobile home, container home, tiny home, park an RV, etc.

Experience: Have bought/sold MN land.