New Member from Alaska, Investing in North Dakota

[Jeff Kovac]

Hello, my name is Jeff Kovac. My wife and I are Alaskan residents currently operating a small business in the oil fields of North Dakota. Found one of BP’s forums during a commercial real estate search. Checked out the site and joined. I’m now spending less time surfing and more time learning. Thank You to the staff, contributors and frequent forum participants for sharing their insight.

Kind Regards

[Jeff Kovac]

You hit the nail on the head Karen Margrave, Food Fuel & Lodging! All, especially housing, are at a premium here.
Spare rooms - $600-1,000/mo.
Single wide mobiles $800-1200/bed room/mo. (3 beds=$3,000)
Small cabins (1 bedroom-12x24') $1,250-2000/mo.
28' travel trailer (no slide out) $1,200-1,700/mo
RV lots $500-800/mo.
This was mostly an agriculture and tourism area so the roads are taking a beating. Highway, Infrastructure and utility projects are moving along with housing construction coming on full steam. I've talked to the city planner and even if all approved projects are built out, the long term needs of this area are far from being met.
The permanent populations are growing and retail/commercial is now visibly growing.
The property we are purchasing will be commercial and is located on the edge of a quickly growing community.