Could anybody help me understand what a “good deal” would be for me here in Minneapolis / St.

Everybody wants at least one covered parking spot during Minneapolis winters!

Average rate of appreciation in Minneapolis is around 5%, so that be around 45K per year gained.

We are looking for a new property manager in the Minneapolis/Saint Paul area.

My partner and I are real estate investors looking to level up in the Minneapolis Saint Paul area, looking for input and suggestions about what to do; here’s our scenario:• Currently rent out a condominium in Saint Paul, • est. sale price $155k • $94k left on mortgage.• Plan to 1031 this $61k towards our next purchase.• $275k cash for downpayment set aside in addition to $61k condo proceeds for a total of $336k down.• After closing costs and finance fees etc. we end up with about $1.1M max purchase budget.• We have a multi-member LLC set up for the ventureWe find ourselves on the fence between two approaches.This market and this budget puts us at a newer (2005+) triplex in top neighborhoods.Pros of lower doors better neighborhood:• Traditional financing• Fewer maintenance calls• Higher quality longer term renters• Better long term appreciation Cons of this approach: • Higher vacancy allowances• More risk per unit• Less standardized maintenance per unit• Increased competition from newer triplexes the city is heavily encouraging to be built.• Higher property taxesThe other approach is more working class neighborhood but 5-6 units under one roof.

I'm the acquisitions manager for a small team of investors in Minneapolis/Saint Paul.

I bought my first house hack in NE Minneapolis in December and have learned more than anything I found online.

Will the cost of agent fees, listing, closing cost etc make it a pointless excercise.It’s a fully paid 270k condo that generates 1750$/month and has a 500$ association fee. great neighborhood around losing park in Minneapolis.

I live in Minneapolis Minnesota and I want to soak in as much tips and advice as I can before jumping the gun.

In Minneapolis, the market for appealing multifamily properties has a lot of competition.