Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply
![Ese A. O'Diah's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1700502/1621514883-avatar-esea.jpg?twic=v1/output=image/cover=128x128&v=2)
Any investors and landlords based out in Minneapolis MN?
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
![Noah Chappell's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/567121/1621492756-avatar-noahchappell.jpg?twic=v1/output=image/crop=2316x2316@0x385/cover=128x128&v=2)
@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.