North Minneapolis

[Cory Schwalbe]

Hi everyone! Has anyone had experience buying property and flipping it/renting it out in North Minneapolis? Thanks!

[Darius Davis]

Born and raised in NoMi. Prices are low, but you have to search for value and cash flow. I don't see it as an area for appreciation at the moment, unless you look at 10-20 year city planning. Section 8 is popular, and you'll have to learn to deal with problems that come along with lower income areas.

Best advice I can give, having owned 4 SFH in North is to screen tenants vigorously and to stick with a firm policy of low tolerance. I would also suggest to NEVER rent to anyone with a UD. They know the system and will use it at your expense.

As a general rule, the further North and west you go, the better the neighborhood. NoMi is framed with a parkway, take note of how the home values are higher along this border.

Cheers,
Darius