All Forum Posts by: Jack Gardner

The best way to learn the multifamily market is to purchase a multifamily property. Of course, do your due diligence, listen to podcasts, read, research, etc. But once you’ve crunched the numbers and found a good cash-flowing rental property, if the numbers make sense, I encourage you to dive right in. I purchased my first rental property a month ago and I’ve learned more about real estate and home building in that one month than the rest of my life combined. Good luck to you. 

Very solid deal BUT WHY ARE YOU YELLING AT US!!

Location? 

Thanks to both of you for the replies. I was getting worried because I saw the rents in the winter were super low compared to what Rentometer spits out. I'm understanding now that the winter is just not a good time to have an open unit. I plan to sign a six month contract and see what happens from there. 

The property I purchased is in Logan Park neighborhood, west of the railroad tracks. I'm hoping to get $1600 for my 2bed/1bath units, but would be happy with $1500. 

Hello all - 

I am in the process of purchasing a duplex in Northeast Minneapolis and wanted to see if anyone had information on rents in Northeast. Are they going up? Going down? What's the median? Expectations for increases or decreases in the future? I've seen a lot of positive feedback about Northeast, though I have not spent any time there myself. Any info on the area would be appreciated.