South Dakota Flipping: Top 5 worst State, Number 1 City

[Eric R. Dehner]

Hi guys,

Did anyone see this recent post by the folks at BiggerPockets?  I've been thinking of investing back in my home state of South Dakota (originally from Vermillion) for quite some time.  At first glance I thought how could my home state be one of the top 5 worst states for flippers but have 2 of the top 5 best cities?  It didn't take much time for me to come to the conclusion that the vast majority of the state would be very tough to flip in. Think of the demand for a well constructed flip in small towns across the state.. minimal at best.  What has been impressive is the growth in cities like Sioux Falls and Rapid City even during my lifetime.  Any flippers out there from Rapid City or Sioux Falls who are enjoying the fruits of their flipping labor?  

What about the worst states for house flipping? CNBC’s rankings included these states:

Hawaii

Wyoming

South Dakota

Montana

Mississippi

The cities where the survey determined the outlook is highest are:

Sioux Falls, South Dakota

Missoula, Montana

Rapid City, South Dakota

Billings, Montana

Peoria, Arizona