Looking for an investor-friendly Minneapolis agent

[Justin Young]

Aloha BP,

I've been a Minnesota Vikings fan since I was a little boy and figure why not look into the Minnesota market to expand my portfolio? It would be a great excuse to plan a trip to watch a live NFL game there while checking out a few properties I own. But before I do that, I wanted to connect with someone from that market who could help me with learning about the multi-family market (2-4 units) in the MN market. Thank you all in advance.

[David Moore]

@Justin Young

First things first.  Most exciting thing in your profile is that you are a follower of Christ.   Like Paul, we will not boast in anything except Christ, who is our rock.

I would advise you to read J Scott's book about Flipping Houses.  Not that you want to Flip Houses, but he makes a very strong case for finding your back yard.   I have properties in Southern MN and in the metro.  I know those areas, and I know the good deals from the lousy ones. 

There are some great multifamily plays out there.  You just have to go find them.  I am marketing to find my next deal.  I recently looked at a 10 cap in Rochester, MN, and turned it down.  The reason is that, with limited capital, you have to choose where to dive in carefully.  

For my next acquisition, which I'm looking for by April or May 2018, I have a specific cash flow I'm aiming for.   It might take more doors, or more than one property.  

My recommendation is Jay Lohn, who is an investor/realtor in the Twin Cities.  He does not push.  He is also a BP member.  He has a team that can assist with rehabs, and he has great bank connections to help your find financing.