Home Buying in Minneapolis>Question Details

Anthony, Home Buyer in Boston, MA

Good neighborhoods to rent out home in/around Minneapolis

Asked by Anthony, Boston, MA Tue Sep 2, 2008

I would like to invest in a single family home which I am hoping to rent out. I need some advice on good neighborhoods around the Minneapolis area. I am looking to buy a 3 bedroom/2 bath and my budget is around 250K. The area should have decent transportation, close to major businesses, good schools, close to shopping etc.

Help the community by answering this question:

Answers

4
Here is a great link for neighborhood profiles in Minneapolis http://www.ci.minneapolis.mn.us/neighborhoods/ the site has a lot of useful information.

All most all neighborhoods in Minneapolis are going to be close to major transportation hubs and highways, shopping and great restaurants with many different styles of cuisine.

If you need info on schools, here are some good websites to check out that will show you how the schools stack up: http://www.education.com, http://www.greatschools.net or http://www.schoolmatters.com

No matter what people say, most information is published freely by the MLS in cooperation with broker reciprocity. You can find info on a variety of websites including here that offer plenty of stats.
1 vote Thank Flag Link Sat Sep 13, 2008
Anthony - you might also look at Saint Paul, especially near University Ave, a.k.a. "the Midway", which is going to be the next place with a light rail line. Also, there are several college campuses in St Paul - it's always good to own rental property near them, and they are good neighborhoods. Best of all, there are MANY homes that meet your budget. I can get you some specific listings if you contact me (just click on my picture). Of course, I would love to help you out - and I know the St Paul market well. Best of luck!
0 votes Thank Flag Link Thu Sep 11, 2008
Hi Anthony:

Wow - believe it or not that just about sums up Minneapolis. Minneapolis is full of great neighborhoods, most of which will meet your budget and the above mentioned needs.

Some of the neighborhoods will give you more for your money, others will require you to invest a little cash and some sweat equity, but they will be winners.

Do you prefer a quieter neighborhood or more vibrant like Uptown? Do you want to be in a more residential less commercial? What type of home do you prefer?

A lot more questions than answers - partner up with a professional - it will make the task a lot easier. Best of luck to you.
Web Reference: http://JackieFunk.com
0 votes Thank Flag Link Tue Sep 2, 2008
Wow, Anthony, there are so many to choose from. A couple of questions, will you be coming here to the Twin Cities to buy the house, or will you purchase sight unseen? I'd say near our Light Rail in the Southeast area of Minneapolis might be a good choice. The house prices are reasonable, properties are well maintained, values are staying relatively strong. Let me know if you'd like me to send you some info via e mail (our MLS prohibits me posting info here).

Since you aren't from here, you may want to consider having an exclusive buyer agent. I ONLY represent buyers, so there's never a chance that I might be representing the sellers at the same time. No other agents can say that. Our services are a great fit for investment buyers! Contact me for more info. Read my website, too.
0 votes Thank Flag Link Tue Sep 2, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer