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Updated over 3 years ago on . Most recent reply

User Stats

14
Posts
6
Votes
Jason Kleve
  • Investor
  • Thornton, CO
6
Votes |
14
Posts

Minneapolis student housing

Jason Kleve
  • Investor
  • Thornton, CO
Posted

My daughter is headed to the Twin Cities for college this fall and we are interested in finding a property she can use after freshman year.  My thought is to have her on it as an owner to kick-start her investing future.  Any help with connections in the area - lenders, realtors, investors with similar thoughts - would be greatly appreciated.  We currently have four STRs so dipping into long-term will be a new experience, but not entirely foreign for us.  Thanks!

Most Popular Reply

User Stats

138
Posts
87
Votes
Adam Widder
  • Real Estate Agent
  • Minneapolis, MN
87
Votes |
138
Posts
Adam Widder
  • Real Estate Agent
  • Minneapolis, MN
Replied

Cool story about owning property near the U, I have family friends who owned a few there and were contacted about their property. They were offered fair market value to purchase and they turned down, they countered with 25% over, declined, then 50% over, then double... turns out it was a developer and they were the last lot needed before all the homes would get razed and turned into a massive apartment complex. 

Money better spent in your pockets than the U. The secret about colleges is they're actually landlords:)

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