Best areas to invest in Minneapolis- first time buyer

[Marcela Patino]

I am interested investing in Minneapolis, but I don’t know where are the best locations to invest (single family and/or multi family). I’ve been thinking about NE area, do you have any suggestions/comments?

[Jeff Schemmel]

Hey Marcela!  I've seen what "appear to be" good deals and bad deals all over MSP, but that's just from my point of view and I think both Dans are right on asking about your goals.  Some investors are willing to house-hack and rent by the room, which is on the extreme end of the house-hacking spectrum, and in most cases, you will get higher returns in exchange for that sacrifice.  Some investors just want a nice place to live and to have the other units rented to pay the mortgage, and that is probably more realistic for most.  Some investors want to buy a MFH and rent it entirely, expecting it to cash flow immediately; a taller order these days, although not impossible.  All three completely change how you analyze a deal on paper before you buy.  You'll find many here are willing to talk about their experiences in those different styles of investing.  If you ever want to chat, I'm an open book about my own investing or about the buying process as a realtor.