Do Minnesota Town Homes Make Good Investment Properties?
A: They can - townhomes are a bit lower in price point than single family homes, but have monthly association dues that balance the monthly out-of-pocket to closer to even. Also, in Minnesota - townhomes are just as easy to get rented as single family homes, but appreciate a bit slower.
In real estate, MN has averaged just over 6% appreciation annually for the last 200 years. If single family homes are the best residential appreciators & condos the least - townhomes are somewhere in the middle.
But we use the exact same strategies & techniques to rent townhomes (as investment property) as we do single family homes - once you do one, you can do the other.
