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Updated over 3 years ago,

User Stats

5
Posts
10
Votes
Matthew Rhoades
10
Votes |
5
Posts

Minnesota investment property

Matthew Rhoades
Posted

Investment Info:

Condo other investment in Maplewood.

Purchase price: $194,000
Cash invested: $39,000

Lived in as a primary residence for 2 years then turned a rental. Started out renting to friends and family for the first 2 years (once at cost and then next for a profit). Managed myself, but am now turning it over to a proper management company. New tenant moving in August 1, 2021.

Didn't mean for it to become an investment property when we first bought, but it's turned into one and I love the process.

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