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Updated almost 3 years ago on . Most recent reply
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out-of-state investor in the Twin Cities?
I currently rent in Minneapolis with hopes of moving to Wisconsin in the near-future. I am looking for investment opportunities in general, but am considering househacking a small multi-family when my lease is up this coming August; There is a possibility it would only be a short term househack though if I relocate to WI for work. I know property management would be a large expense in this case. Are there any out of state investors currently looking in the Minneapolis/St. Paul areas?
any other advices given my situation would be much appreciated
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@Levi Bartz It wouldn't hurt to also check out investing opportunities in Wisconsin. Depending on where you are looking to move you might find a better return there. Low inventory is still keeping prices high in the Twin Cities market. With interest rates approaching 6% and adding in property management expenses the numbers are usually pretty tight once you move out. That being said, you have to live somewhere so house hacking still remains one of the best ways to get starting in real estate investing.
- Alyssa Strom