Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Matthew Comella
  • Vaughan, ON
0
Votes |
1
Posts

First time real estate investor

Matthew Comella
  • Vaughan, ON
Posted

Hello ladies and gentlemen, I'm a newbie with real estate investing and this is my first time on the BP app. I am currently located in Canada looking to invest in my first property. Two metropolitans I am interested in are Indianapolis and the Twin cities. I would dearly appreciate anyones insights/opinions on investing in these two metropolitans. I'm looking for a single family house, budget is roughly $350k, preferably within 30miles or less of downtown core.

With Gratitude,

Matthew

Most Popular Reply

User Stats

1,517
Posts
1,617
Votes
Tim Swierczek
  • Lender
  • Saint Paul, MN
1,617
Votes |
1,517
Posts
Tim Swierczek
  • Lender
  • Saint Paul, MN
Replied
Quote from @Adri Jusczak:

The Twin Cities has been a bit of a mess in the recent years, not saying you can't find a deal there though. Minneapolis just made a new rule that you can't raise rents more than 3% every year. St. Paul is looking to follow that rule as well. Best of luck! 


 Adri, it's the other way around.  St Paul passed the 3% cap on rent increases.  Minneapolis passed the ability to put a cap on but no terms have been finalized yet.

  • Tim Swierczek
business profile image
The Tim Swierczek Team - Gold Star Mortgage

Loading replies...