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Showing posts with the label West Metro Neighborhoods Bloomington MN Richfield MN Home Buying Guide Investment Property expert Best Neighborhoods Bloomington & Richfield School Districts West Metro Real Estate

Investment Property 101: Best Neighborhoods for Rentals in Bloomington and Richfield

  Investment Property 101: Best Neighborhoods for Rentals in Bloomington and Richfield The best entry-level investment markets in the West Metro are not the cities that make real estate headlines. They are the cities where working families have rented for decades, where the numbers actually pencil, and where a first-time investor can buy a property without a hedge fund competing for the same address. Bloomington and Richfield are those cities. Here is what the math looks like on the ground, and what a first-time investor should know before writing an offer. Why Bloomington and Richfield Make Sense for First-Time Investors Investment real estate works when the rent covers the mortgage, the taxes, the insurance, and the maintenance, and still leaves something left over. That equation is called cash flow, and in much of the Twin Cities market it has become difficult to achieve because purchase prices have outpaced rents. Bloomington and Richfield are exceptions. Both cities have ...