Real Estate Investing in Minneapolis

As prices keep coming down, it's been a great market for investors. This is the best time to invest in real estate. A lot of distress sales. There are about 5 out of 10 homes on the market are distressed. Because there's so many of these types of properties on the market,it's driving down the price. If the price is under $150,000, it's a seller's market. There's more buyers in this price range. If a seller has his short sale on the market for months without an offer, they will purposely reduce their price well below market to create multiple offers. Multiple offers drive up the price so in doing that, it actually make people outbid each other and the sold price ended up being higher than the list price. It's not a bad strategy for the seller. Northeast Minneapolis is becoming a nice place to start investing. There's not a lot of duplexes and other multi-family units for sale there. If you're looking to buy a duplex, Northeast Minneapolis is great place to start. Many renters are flocking there to live. That makes it very attractive.