Our next multiunit complex south of St. Paul MN

[Eddie Nestingen]

My wife and I own two 4-plexs and one duplex. We have about 60% debt on these properties. Using 75% of the equity we have, we could invest about $300,000 in another multifamily apartment. We are looking for cash flow and appreciation. Currently, we self-manage our apartments. Our goal is to purchase a 12-to-20-unit complex that will cash flow with a property manager. Because we are comfortable with the outer ring suburbs of St. Paul, MN, we are looking to stay in this area.

[Eddie Nestingen]

Bill, Thanks for your input. I have no interest in getting into St. Paul or Minneapolis. It is just a point of reference. I am interested in the suburbs south of St. Paul.

A 1031 may be possible. I am looking to increase the number of units I have.

Rural or small-town complexes are also options. Big cities have no attraction to me.