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Minnesota Real Estate Q&A Discussion Forum
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Updated over 4 years ago, 07/11/2020

User Stats

4
Posts
1
Votes
Alen Helmer
  • Morton, MN
1
Votes |
4
Posts

New investor looking to connect.

Alen Helmer
  • Morton, MN
Posted

I'm Alen, and I'm a new real estate investor looking to connect with some like minded people. I live in a pretty rural area and I am considering trying to wholesale some properties(local or otherwise) in order to raise enough capital to begin purchasing rental properties. My area has relatively lucrative SFR rental market since the purchase prices of homes in the small towns around here(Redwood Falls, MN) are quite low compared to anything in the Metro. There are very few single family houses available for rent and the ones that are available, are quickly filled with eager tenants. Any other investors in southern MN looking to connect?

User Stats

1,899
Posts
725
Votes
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
725
Votes |
1,899
Posts
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
Replied

Alen, welcome!!  I'm not in MN, but it sounds like you have found a niche market for rentals when you have built up some funds from wholesaling!

User Stats

30
Posts
9
Votes
Nick Holty
  • Real Estate Agent
  • Roseville MN
9
Votes |
30
Posts
Nick Holty
  • Real Estate Agent
  • Roseville MN
Replied

I am in the Metro. Makes sense as not much rentals since the prices are low and people typically just buy. But definitely got to be lots of people looking into renting. Good luck with the investing.

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User Stats

540
Posts
285
Votes
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
285
Votes |
540
Posts
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
Replied

@Alen Helmer how’s it going investing out that way?

User Stats

2,343
Posts
861
Votes
Marlen Weber
  • Specialist
  • Plano, TX
861
Votes |
2,343
Posts
Marlen Weber
  • Specialist
  • Plano, TX
Replied

Welcome, @Alen Helmer. I look forward to connecting with you. 

User Stats

3
Posts
0
Votes
Replied

I'm in Central MN I'm buying houses like these. A few rentals in, so far so good.

User Stats

540
Posts
285
Votes
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
285
Votes |
540
Posts
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
Replied

@Matt Barak

What towns are you investing in?

User Stats

3
Posts
0
Votes
Replied

I live outside of St Cloud. Looking to invest locally since at this point we're the property managers. Anything with 40 miles of that.

User Stats

15
Posts
4
Votes
Kyle Lecy
  • Investor
  • Southwest MN
4
Votes |
15
Posts
Kyle Lecy
  • Investor
  • Southwest MN
Replied

Hi @Alen Helmer, I'm invest in a couple multi-family properties over in the Granite Falls area. It's nice to see someone from the area on BP.

User Stats

8
Posts
8
Votes
Jeff Vesel
  • Attorney
  • MPLS-ST PAUL, MN
8
Votes |
8
Posts
Jeff Vesel
  • Attorney
  • MPLS-ST PAUL, MN
Replied

I'm looking to invest in a owner-occupied multi-family property within 1 hour of Minneapolis. I'm interested in learning about others' experiences.