Looking to flip in unsure city

[Jean-Luc Lacosse]

Hi everyone. I am looking to move back to my hometown of Duluth MN. I want to start flipping houses there. I have never done this and am hoping to break into the market. The problem is I can't decide if this city has any real potential. It looks to have an inventory of about 5-6 months, and the population hasn't grown much in the last 30 years (about 85k) so I can't imagine a lot of people are moving in and buying. There are plenty of older homes that could use a renovation and I know the area very well. I just cant decide if a smaller and somewhat stagnant city is a good place to begin this career or if I should try to make my way in a place like Minneapolis that has probably more potential.

Thanks for any help!

[Brittany Kuschel]

@Jean-Luc Lacosse I agree with @Matt Jennissen regarding great potential for long term growth. Many industry experts are predicting that cities like ours will experience population surges in the coming months and years as remote work opportunities continue to rise exponentially across the US. Just this quarter, I had 5 clients close on properties here in Duluth that I would classify as "relocation" clients who decided to move to the area because of job opportunities and/or remote work options. I have also had multiple new relocation clients reach out within the last month to start the shopping process because they are scheduling a move to the area or have already landed here thanks to new options provided by their employer to work over a VPN.

Shoot me a DM if you want to chat about some specific market trends that might help you narrow your search criteria or investment strategies. I am definitely biased, but I always love chatting about why Duluth is a great city for investors!