What part of Minneapolis & St Paul are best for investing

[Matt Higgins]

Hey BP, I’ve been tasked with building a portfolio from scratch for a couple guys.  When I built my portfolio I started in the suburbs and moved to some out state markets that have become my niche.   The prices in these smaller markets have doubled over the last couple years and I’m afraid to put these guys in markets with limited upside do to location.  I have a couple rentals in north Minneapolis and I have flipped homes in Both Mpls & St. Paul, but I wondered if anyone who lives, invest, or flips in these neighborhoods has an opinion as to where they would begin their portfolio.

n Minneapolis 

frogtown

Phalen

North end 

Greater East 

West 

Highland park

These seem to be the neighborhoods where you can find some inventory near a 100k and make a little cash flow.  Does anyone have a preference?  For whatever reason investing for others has been a lot more stressful than investing in my own real estate.  

[Todd Dexheimer]

If you find anything in Highland for close to $100k, I would love to buy it. I don't see deals there for under $200k very often. 

All of the areas you mentioned have good cash flow (besides Highland). All are higher crime (besides highland). I would really get to know the areas before you begin investing in them. There are areas of North Minneapolis that are decent and are trending positive and then there are dangerous parts. Same with the other sub markets. 

I own or have owned in all markets above. The most consistent is Highland, but finding a cash flowing deal will be tough.