North Minneapolis investing

[Jeremy Muehlbauer]

I was just wondering if there's anyone in this group that is currently investing in the North Minneapolis area.  As we all know North Minneapolis is not known to be very nice. But I have noticed that there is demand for many people to use their Section 8 vouchers.  If there is anyone investing in North Minneapolis do you believe that you could get full fair market rent in that area with a fairly nice property or is it not worth the hassle of having the rough area and tenants.  Any and all advice would be greatly appreciated thank you

[Grigoriy Gorshteyn]

Hey Jeremy!

I invest in North Minneapolis and run a property management company that manages a lot of Section 8 units. Feel free to reach out. 

[Wendy Man]

N. Minneapolis is a tougher area to invest, so you definitely want to work with people having strong experience in that area.  I see@Grigoriy Gorshteyn already reached out, and definitely suggest you talk with him.  His company can do end-to-end for investors -- from buy to manage to sell.  He and his team at Algo Realty are extremely knowledgeable about N. Minneapolis, and handle a large number of properties there.

[Wendy Man]

Looks like part of my reply got cut off

You probably know this already.  2023 MPHA payment standards and subsidy tables at

  https://mphaonline.org/wp-cont...

https://mphaonline.org/section...

[Jeremy Muehlbauer]

@wendyman thanks,  greatly appreciate the info.