All Forum Posts by: Hunter Beckstrom

Welcome, @Chad Gardner!

I have been househacking a duplex in Minneapolis for over a year. This property has been a cashflow play, but ideally my next small multi-family (2-4 units) would be similar to what you are looking for in terms of a higher-priced appreciation play. 

As mentioned by others, I have found local meetups to be very beneficial. While it sounds like you currently are not in the area, one great meetup is "Minneapolis Real Estate Investor Meetup". Happy to get you connected to folks. 

Best of luck and don't hesitate to reach out!

- Hunter

@Tim Swierczek Appreciate all the great info you consistently share in the forums related to the MSP area! Looking forward to checking out your Investing Show as well. 

Hey BP!

I am still a rookie in real estate investing and am looking for some insight. For context, I am located in Minneapolis, MN and have been househacking a duplex for a year. My question is: should I continue investing in small (2-4 units) multi-family or single-family homes?

More Background:

My current goal is to be a 'small but mighty' landlord/investor (check out Coach Chad Carson if you want to learn more) in the Minnesota metro/suburb area. I am also dedicated to the 'buy and hold' strategy. I imagine the easy answer to this question could be to diversify with both investment types, however, I am looking for the pros/cons of each from y'all's point of view. I have some thoughts already. For instance, small multi-family has similar financing and offers faster scalability. On the other hand, single-family (typically) provides a tenant pool that can be more manageable and longer leases, and I am assuming maintenance and capex could be on a smaller scale, but I could be wrong on that. 

Appreciate everyone's time!

- Hunter