Storms Hit Investment Properties in Hugo Minnesota
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If you were watching the news over the holiday weekend, you may have seen the storms that ripped through Hugo, Minnesota. It was sad that a 2 year old boy was killed, many houses were destroyed, and several people injured. Several other investors and I own properties in the same neighborhood as the destroyed houses.
In fact, you can see most of the news crews from the front door of one of my townhouses. Below are some pictures of one of my buildings (click for larger versions). The damage is quite severe, but at the same time, nothing compares to the people that lost their entire houses (and a child).
Scott Ficek is a Minnesota Real Estate Agent with RE/MAX Advantage Plus in Minneapolis and helps new and seasoned investors buy and own Investment Property in Minnesota. He owns and manages almost 30 investment property units from single family to multi-family. Find his website at www.minnesotainvestmentrealestate.com or receive his blog via your RSS Feed or in your Email.
Too bad for you and your tenants. Although I have a few properties that I manage that I wish the storms could have hit. I’d prefer 100% destroyed with the tenants and their belongings 100% safe.