If you are in the Minneapolis real estate market to rent or buy properties, right now is the time to buy, but you need to make sure that you understand you need to find a strong real estate asset by doing your research, and you need to get a thorough property inspection. In addition, you need to make sure that the numbers make sense, the risk is not to high with the property in mind and it is long-term financial investment that will bring additional income to your portfolio.
We are referencing Multi-Family Commercial properties which are buildings that have more than 4-Units. These require a different type of financing vs. your traditional residential home, but offer great advantages as well.
Any time you are buying real estate as an investment it is known as investment real estate. Whether it is a single-family home, condo, multi-family home or apartment building, it can offer passive income or cash flow to you the owner.
Some real estate investors are having difficulty cash flowing their properties. The reason these properties are not cashflowing are due to many factors, bought for too much money, not a good location, or other issues with the property. It is critical that you do your research when you look for an investment property or investment home.
There are many great deals on multi family homes as well as single family homes out there that can turn you a profit. Some things to pay attention to when looking for these investment properties are the days on market, price change history, original list price, and location. Paying attention to these factors will help you locate which properties are a good deal as well as which properties have potential to bring in additional monthly income.
Do your research. Make sure you are fully aware of the property taxes of the home, how much renovation needs to be done to make the house renter friendly and what your monthly mortgage payments will be after everything is said and done.
Contact Real Estate Agent Jan Worthen Today 952-215-5266