Buying rentals in rural MN in anticipation of the Cu mines?

[Account Closed]

What do you guys think of this idea? Properties up there are already cheap enough to cash flow. This might have potential to be an appreciation play too.

The mines will be built, make no mistake about that. There is far too much money in that ground to leave it lie. I'm wondering if there might also be money in the streets?

[Josh Caldwell]

My only comment is to caution you here. It is hard to find renters in rural areas. You might be in negative cash flow until the mines start to boom. Do you have any idea how long that will take? I learned this lesson the hard way when I bought a rural house and discovered that even at below market rent, nobody was calling my rental ad.