Class D and F areas first time investor

[Brian Hayes]

Hi everyone, I am new at investing in real estate. I’ve been doing a lot of studying on the subject but now it’s time to put it in action. I am looking at two four plex properties next to each other in a class F area. I analyzed the property and the numbers are good. Some of the units also have tenants some long term. I’m wondering if anyone can share there experience from owning units in these kind of areas? Is it a good idea for a first timer? I will have it managed. If I do proper screenIng can I get good tenants? Is it normally a high turn over rate for this kind of area? Is there any info I need to know I’m not asking etc. Thanks I appreciate the info!

[Scott Mac]

Those D and F areas of Minneapolis seem pretty hot right now (for the past few days, and nights at least).

But if you buy there, you'll have to be careful to avoid being burned or worse. 

In a few days you might be able to get properties at fire sale prices.