Finding Property Suggestions?

[Mitchell Boatman]

Hey all, 

I'm fairly new to real estate investing, however, I'm extremely serious about it and have got my plan of attack down. I definitely want to go the BRRRR (buy, rehab, rent, refinance, repeat) route.

I'm trying to focus on REO, HUD, foreclosures, preforeclosures, and bankruptcy properties that I can effectively use the BRRR method on. I know the areas I want to find du/tri/quad multi family units which are the following:

1. Minneapolis (South, NE, SW)
2. St. Paul (Summit, Grand, Macalester-Groveland, West 7th, Cherokee Park)

In essence, I'm planning on targeting "B" areas in the hopes I shy away from as many "C" and "D" tenants as possible.

My question is this; where should I look? I've been on a million websites and half of them say I can't see anything unless I sign up and pay. The others have very little stuff. I've heard you can go on different county places to see the listings before they show up on mass sites like Zillow and etc. I have no idea if there's truth to that or not, however, I'm looking for some tips and tricks people have to finding properties in the areas above.

Many thanks and God Bless,

MB

[Bruce Runn]

@Mitchell Boatman

The BRRRR method is a great way to build equity but it takes experience, knowledge of remodeling, skills involved in estimating accurate costs when you are looking at properties so you know your all in investment post renovation, and having a team ready that can start the renovation when you buy the property. I talk to new investors that understand this is a good method to build equity but almost all of them know they couldn't take on something like that in the beginning. Do you have those skills/experience? If not, I'd caution you to focus on the types of things you can do well and learn along the way. Buying and renovating a property on the fly can turn into a very expensive proposition no matter what you see on HGTV. I've looked at projects that people got in way over their head, ran out of money or came in way over budget and ended up losing their shirt.