Updated over 8 years ago on . Most recent reply
New member from Isanti, MN
My husband, Reid, and I have been investors in Minnesota since 2001. We've done multiple flips as well as buy & hold properties. We're starting fresh now after losing everything when the market crashed. We're about to wrap up our latest flip and are excited to rebuild our "empire".
I'm also a licensed attorney and I work as a business and legal strategist for entrepreneurs.
Happy to be here and looking forward to connecting with other investors.
Most Popular Reply
Welcome to BP. I cannot discount what @John Woodrich is saying about Isanti, since it is not my market of interest. I can tell you to make sure you run your numbers well, and make sure you acquire properties with legit and possibly growing cash flow. In my area of investing, we are seeing some real signs of peak values, and declining rent/price factors that are causing us to be very cautious at this point. I had a fellow BP'er in Minnesota ask me to analyze two of his deals, and I came out with a positive cash flow of $46.00 a month.
I think in this environment, you have to really know market dynamics. Is there a major employer coming to Isanti? What is job growth? What are traffic patterns? What kind of commute is there to and from the Twin Cities. It could take a lot of digging to find value.