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Updated almost 6 years ago,
Minneapolis House Hack- Starting Out
Good Morning BP,
I am John Walter and I am new to the Real Estate and BP forums. I am located in Minneapolis, MN and am looking to get into a multi-family home. I have done a fair amount of studying and learning over the past few months and would like to start diving in. My girlfriend and I are renting downtown and it is very expensive. I feel that a great way for me to get started would be a smaller duplex in the greater Twin City area. I have a real estate agent currently, but he is pushing me to go to single family as the competition would be too tough for multi-family and will be higher pricing. I would love to stay below the $330,000 mark if possible. One challenge I have, is I am newer to the area (under 1 year), so I'm not 100% familiar with the communities.
I wanted to ask the BP community if I am way far off and should look to get into a SF home? Just looking for some guidance as I feel the push from my RE agent is to go into a SF home. I am going into this knowing that it takes time and patience. I feel that this would really push me forward in my in my investing career. Just looking for some thoughts, tips, or opinions!
Thanks!