House Hacking Investor - Minnesota!

[Eric J Bartholomew]

Hello, new to the party real estate investor here looking to make my first effort/purchase toward that.  I'll be starting off w/ house hacking, seems to be my best option as far as rates, funds, etc situation that I have going.  Looking at multi-family (nothing but - not single family - so duplex, tri, quadplex).

Any particular pockets or bubbles in the St. Paul/Mpls metro area folks are aware of that are the best opportunities?  Eventually I want to expand and get out of this state but as far as for now, I'm not ready to move out of state (as far as full time job goes) so I wouldn't be able to owner occupy outside of MN - atleast for now!

Thanks for any/response and consideration in my questions and curiosity.  Clock's ticking for me, my lease is up in January ('24) and I don't want to keep paying rent if I can avoid it.

Regards,

Eric

[Jake Andronico]

@Eric J Bartholomew

Congratulations!! House hacking two properties has changed my life. 

I agree w/ @Andrew Postell, seeing what you qualify for will allow you to have a much more focused look. I'm not sure how many multifamily deals are in your market, but getting together with an agent (hopefully you're able to find one that specializes in small multifamily) is key IMO. 

An agent that has house hacked before in your area would be ideal. Best of luck to you!!