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 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Ese A. O'Diah
2
Votes |
8
Posts

Any investors and landlords based out in Minneapolis MN?

Ese A. O'Diah
Posted

I’m looking to move to MN and already started to look for my first purchase. Any ideas on which local lending banks for first time investor?

Most Popular Reply

User Stats

254
Posts
228
Votes
Noah Chappell
  • Investor
  • Minneapolis, MN
228
Votes |
254
Posts
Noah Chappell
  • Investor
  • Minneapolis, MN
Replied

@Ese A. O'Diah I think development is quite advanced investing, & I'm trying to see the benefit in your idea. If you're looking at affordable housing, there are abundant c+ 2-4 out there at a reasonable price that you can start by house hacking. The only way that would work in my view is if you had a plot in prime location & felt you had a competitive advantage in a niche (A+ luxury, student housing in dinky town, etc), otherwise the price and difficulty of building would far outweigh your profit. If you want to get your hands dirty with construction, just buy a cosmetically recked 4 plex & fix it - you'll stay busy & that's where you'll find the most value. 

Loading replies...