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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (978)9/14/2012 1:49:58 PM
From: tejek  Read Replies (1) of 2722
 
Consider Minneapolis, Minn. You could’ve bought, out of foreclosure, a three-bedroom, two-bath house of 1,356 square feet on a quarter acre lot for about $29,000. It needed a lot of work, but houses in the neighborhood recently sold for $75,000.

MPLS isn't an expensive housing market...............too much flat land for expansion coupled with only moderate growth. However, I suspect this buy was highly unusual................only a deep fixer in a ghetto neighborhood would go for that price.
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