Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Des Moines Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

13,324
Posts
3,946
Votes
Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
3,946
Votes |
13,324
Posts

Anyone from SW Iowa?

Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Posted

Hey everyone,

I've got a lead on a small apartment complex in Sigourney, Iowa. The numbers seem decent... but I know NOTHING about this area. It seems like a really small town which makes me nervous. 

Anyone close by and can tell me anything about this area? This would include Iowa City, Oskaloosa, Uttumwa, and maybe even Des Moines :)

Thanks!

  • Brandon Turner
  • Podcast Guest on Show #92
  • Most Popular Reply

    User Stats

    45
    Posts
    20
    Votes
    Thomas Fosnaugh
    • Investor
    • Marion, IA
    20
    Votes |
    45
    Posts
    Thomas Fosnaugh
    • Investor
    • Marion, IA
    Replied

    I'm in the Cedar Rapids area - my wife's parents used to live in Ottumwa and I've worked in that general area some.  Sigourney is a pretty small town in a very rural area.  Ottumwa is a big meat packing town, Fairfield is small college town, Riverside has a casino, Amana/Kalona are Amish areas.

    Biggest issues in that area I would think would be proximity to jobs and meth.  Also, some of the small multi-family built in 70s and 80s in Iowa have wood foundations and most properties above a duplex are zoned commercial (much higher taxes) so you have to form a Coop or Condo (S Corp) to convert to residential status to drop the taxes.  Also seems to be a fair amount of Orangeburg pipe that was used in Iowa in older properties.

    Loading replies...