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Updated over 4 years ago on . Most recent reply

User Stats

10
Posts
4
Votes
Jordan Crockett
  • Wholesaler
  • Minneapolis, MN
4
Votes |
10
Posts

New to REI, Goal:close on Multifamily in Twin cities next 30 days

Jordan Crockett
  • Wholesaler
  • Minneapolis, MN
Posted

Hi BP community my name is Jordan Crockett, I live and work in Minneapolis. My wife and I are new to real estate investing but we have put in some work education wise, gotten an agent, and lender. Our goal is to find a small multifamily to house-hack and grow our business from there. I am looking forward to the journey and truly interested in connecting and learning from anyone and everyone on this platform. 

1.) I would love to hear some advice about the Minneapolis market and how to find a great multifamily. I have been watching it and it seems like small multifamily spots are getting picked up really quick. 

2.) Does any one have any advice for things I should look for as i look at these properties. We want a property that will not have huge issues right away. (Pluming, HVAC, etc.)  Is there any rule of thumb questions I should ask as I check out these properties?

Thanks in advance for any help/advice. 

Most Popular Reply

User Stats

28
Posts
26
Votes
Brian Loibl
  • Minneapolis, MN
26
Votes |
28
Posts
Brian Loibl
  • Minneapolis, MN
Replied

@Jordan Crockett welcome to the BP community! I recently closed on my first house hack in NE Minneapolis. Through that process I found out that there are a decent amount of properties that just have "Band-Aids" over issues and to the untrained eye it looks just fine. However, a good realtor can help you spot some of those issues as you walk through the property. Feel free to reach out. Best of luck!

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