Is real estate real in Minnesota

[Marcele Johnson]

Hello I was wondering if anyone knew if it was a good time to invest in Minnesota preferably Minneapolis or St. Paul and maybe Rochester or Winona and surrounding areas

[Matt Higgins]

@Andrea Weule

We have a large portfolio in Minnesota and 20 units in western wi

I think it’s a great time to buy in Minnesota. Sfh inventory has been slow to catch up. However it’s going to be tough to cash flow the metro. Anything under 250k is selling pretty fast. There was an article in the local paper yesterday that it’s the 4th hottest market. There are a number of areas with in an hour that are making good returns. I just picked up a (2%+) deal last week that needs minimal rehab. Like anything, you have to put in the time to become a market expert or team up with someone who is.

We have seen a lot of multi family supply hit the market in the metro.