Analyzing deals in the greater Twin Cities area.

[Max Peterson]

Hey Fellow Minnesotans,

I am just trying to learn about our local rental market and good ways to do analysis. Such as does the 50% rule hold up well in the Minneapolis area? is the 1% rule a good fit for rents in this same area? And anything else that is useful in looking at deals here. Thank you all so much for your replies and if anyone would like to meet up I am in the Maple Grove area and would love to get someone coffee sometime.

Have a great day. 

-Max

[Tim Swierczek]

@Max Peterson I stay way from these sorts of rules personally. I think it’s best to analyze the deals individually and then eventually will come up with shortcuts but they won’t be based on rules other people created for you. As it turns out the majority of my purchases have met the one percent rule but I never once used it in analyzing or making a decision.